Banco de Crédito y Comercio (BANDEC) is one of Cuba’s top three state-run commercial banks. For international money transfers with Fonmoney, BANDEC is especially relevant. With a nationwide network of over 200 branches — especially outside Havana — it is authorized to receive foreign transfers directly in MLC (Moneda Libremente Convertible).
🏦 Network and Structure
- Founded: 1997 by government decree
- Branches across all Cuban provinces
- Strong coverage in rural areas
- Fully integrated with Cuba’s national banking system
💳 Banking Services for Individuals and Businesses
For private customers
- Current and savings accounts in MLC
- Send money to a BANDEC account with Fonmoney
- Top up a Cuban MLC card
- Account management via Virtual-BANDEC
For businesses
- Leading provider for corporate banking in Cuba
- Over 74,000 business accounts reported (as of 2001)
- Credit, financing, and payment solutions
🌐 How to transfer money with Fonmoney
- Accepted currencies: USD, EUR, CAD, CHF
- Funds are deposited in MLC at the official exchange rate
- Transfers go directly to BANDEC accounts or MLC prepaid cards
Looking to maximize your transfer? During special offers like MLC SUPER BONUS, your recipient in Cuba can receive even more. Learn more in our Fonmoney Cuba blog article.
