Banco Popular de Ahorro (BPA) is one of the three banks in Cuba authorized to receive international money transfers. With more than 400 branches – mainly outside Havana – BPA plays a key role in supporting families, entrepreneurs and local communities across Cuba.
🏦 History & Structure
- Founded: In 1983 by Decree Law No. 69
- More than 400 branches across provinces outside Havana
- Head office: Miramar, Havana
- Serving over 3 million customers
- About 1.9 million with active credit contracts
💳 Services for individuals and entrepreneurs
For private customers
- Accounts in CUP and MLC (checking and savings)
- Receive international transfers with Fonmoney
- Small personal and family loans
- Currency exchange at official rates
For self-employed & micro-enterprises
- Access to accounts, credit lines and microloans
- Dedicated support for cuentapropistas and non-state actors
- Active involvement in Cuba’s economic reforms
🌐 International transfers with Fonmoney
- Accepted currencies: EUR, USD, CAD, CHF
- Deposits to MLC accounts are credited in USD
- Payout in CUP or MLC depending on the account type
- Fast and secure processing with Fonmoney
- Perfect for family support from abroad
📲 Digitalisation and modern banking
- BPA online banking: balance checks, money transfers, payments
- New accounting system: SABIC.Nef
- Expansion of POS terminals and ATM network
- International partnerships with Sparkassen (Germany) and banks in Vietnam
💡 What makes BPA unique
| Feature | Description |
|---|---|
| Extensive branch network | 400+ locations outside Havana |
| Family-focused banking | Promotes saving and financial inclusion |
| International cooperation | Sharing banking expertise and technology |
| Support for micro-businesses | Specialised in microfinance and small entrepreneurs |
Conclusion
Banco Popular de Ahorro is the go-to bank for Cubans living outside Havana who receive money from abroad. With Fonmoney, you can send money to BPA accounts across Cuba – securely, quickly, and with confidence.
