Best option: Wise
We tested & reviewed 4 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 100% of United Kingdom to Cuba searches, and was the top rated company supporting money transfers between GBP and CUC.
For a great mix of cost, speed & features, transfer from United Kingdom to Peso Convertible using Wise.
Compare for the best deal on your United Kingdom to Cuba transfer
Considerations ahead of sending money from United Kingdom to Cuba
A comparison of providers offering services between the United Kingdom and Cuba, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 4 providers that provide services for sending Pound Sterling to Cuba. This ensures you will get the best options for your transfer to Cuba from the United Kingdom.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the United Kingdom to Cuba.
Cheapest way to send money to Cuba from the United Kingdom: Wise
They offer an average fee of 10.12* GBP and exchange rate between GBP-CUC that is 0% different to the mid-market rate.
In comparison, Wise is 0% cheaper than the second-best option.
To secure affordable and great rates on a GBP to Cuba transfer, Wise is our recommended choice.
*The most common fee applied to GBP-CUC by Wise, based on data from the past six months.
Fastest way to transfer money from United Kingdom to Cuba: MoneyGram
Our data shows that MoneyGram came up as the fastest option for sending Pound Sterling into Peso Convertible in 51.3% of searches. This makes them well suited to urgent GBP to CUC money transfers.
The average fee for a GBP-Peso Convertible transfer through MoneyGram is 7.05 GBP.
To get the 'fastest' option we compared 4 providers for overall speed of sending money from the United Kingdom to Cuba - this includes depositing Pound Sterling, transfer times, withdrawal timeframes in Cuba.
When speed matters, MoneyGram is your best choice for sending into Cuba from the United Kingdom.
Transferring large sums of money
Of the 4 money transfer companies tested, Wise is the strongest option for large transfers from the United Kingdom to Cuba.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from the United Kingdom to Cuba can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to GBP because they offer a strong all-round product.
Understanding the costs involved when transferring money to Cuba from United Kingdom
When calculating the cost of sending money from the United Kingdom to Cuba, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current GBP-CUC mid-market rate is 1.2988 CUC per Pound Sterling. Finding a provider as close to this number as possible will ensure more Peso Convertible for your money.
As a comparison, the GBP-CUC mid-market rate for the past three months has averaged 1.2931 CUC per Pound Sterling, hitting a high of 1.339 and a low of 1.2665.
Wise is currently offering the best exchange rate on transfers between the United Kingdom and Cuba.
Often the GBP-CUC exchange rate you receive will be the biggest factor impacting the cost of sending Pound Sterling to Cuba.
Fees: Transfer fees are charged on top of a transfer. Wise currently offers lowest fees, at an average of 10.12 GBP over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Peso Convertible is the biggest indicator in the total cost of sending money to the United Kingdom from Cuba. The higher the total amount received in Cuba, the lower the cost of sending from the United Kingdom.
How to find the best exchange rate for Pound Sterling to Peso Convertible
Timing is essential for sending money between GBP and CUC. The exchange rate you secure impacts how much CUC you get for your GBP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from GBP to CUC has seen some fluctuation. On average, it stood at 1.2931.
During this period, the highest value recorded was 1.339, while the lowest was 1.2665.
Wise, which is our recommended service to send money online from United Kingdom to Cuba offers an exchange rate that is only 0% above the mid-market rate.
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Funding your United Kingdom to Cuba transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Cuba and United Kingdom.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United Kingdom to Cuba.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to CUC.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.