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Find the best ways to transfer money from Cuba to Spain

Compare the best deals on transfers from Cuba to Spain. Explore the cheapest, fastest, and most reliable providers with the best CUC to EUR exchange rates.

Read on for the insights and in-depth analysis, and all you need to send money to Spain from Cuba.

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Overall top choice: Wise

Wise is the best way to transfer Peso Convertible into Euro.

Of the 5 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost.

Over the last six months, Wise appeared in 76.3% of searches for transfers between Cuba and Spain.

When sending money from Cuba to Spain, using Wise in a great option.

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How to to send from Cuba to Spain in the best way

Summary of recent searches

Top rated for transfers from Cuba to Spain
Wise
Total number of CU - ES providers
5
Average cheapest fees & rate
Instarem
Average fastest transfer
Wise
Best for bank transfers
Wise
Best for debit card
Wise
Best for credit card
Wise

Considerations to make sending money from Cuba to Spain easy

1
Compare providers

Comparing the different providers offering services between Cuba and Spain, is the best way to send money with confidence.

The 5 providers we've compared ensures you will get the best options for your transfer to Spain from Cuba. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.

Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring Peso Convertible to Spain.

2
Exchange rates between Peso Convertible-Euro
3
Choose the right payment method
4
Financial regulation in Cuba and Spain
5
Consider transfer limits
6
Receiving money in Spain
7
Have your ID ready
8
Tax declarations

Cheapest way to send money to Spain from Cuba: Wise

Of the 5 providers compared, Wise is the cheapest option for sending money over the last six months.

The cost is a combination of an average fee of 0.85* CUC and an exchange rate for converting Peso Convertible to Euro that is -0.03% different to the mid-market rate.

On average, Wise is 0% cheaper than the second-best option.

We would recommend Wise for low cost, affordable transfers from Euros to Spain.

*The most common fee applied to CUC-EUR by Wise, based on data from the past six months.

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Fastest money transfers to Spain from Cuba: Wise.

We tested 5 companies offering transfers from Peso Convertible to Spain and Wise offered the quickest options.

Through our research, we found Wise to be the quickest way to send CUC into Euro in 52.7% of instances. For fast transfers between CUC and EUR, Wise is generally a good option.

Money transfers from Cuba to Spain through Wise have an average fee of 11.66 CUC.

To confirm that Wise was the 'fastest' option we compared 5 money transfer providers for overall speed of sending money from Cuba to Spain. This was made up of depositing Peso Convertible to a money transfer account and transfer times to Spain.

When sending quickly is a priority, Wise is our recommended choice for sending into Spain from Cuba.

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Transfer a large amount of money

To transfer large sums of money from Cuba to Spain, opt for a provider with a competitive exchange rate and hands on management.

Wise is the strongest option for large transfers of the
5 money transfer companies tested.

Whatever the reason is for the transfer, sending large amounts of money from Cuba to Spain can become expensive through your bank or with the wrong provider.

Our data shows Wise as the best choice for sending large sums of money to Spain from Cuba.

Understanding the costs involved when transferring money from Cuba to Spain

When calculating the costs of money transfers between Cuba and Spain, opt for the best combination of fees and exchange rates:

The Mid-Market and Exchange Rates: Today, the CUC-EUR mid-market rate equals 0.9462 EUR per Peso Convertible.

  • For reference, the CUC-EUR average mid-market rate for the past three months has been 0.9147 EUR per Peso Convertible, with a high of 0.9354 and a low of 0.8922.

  • The company offering the best exchange rate is Wise.

  • Often the CUC-EUR exchange rate you receive is the bigger factor than how much it costs to send Peso Convertibles to Spain.

Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Instarem, averaging 0.85 CUC over the last 6 months. We would recommend searching for your exact send amount to get an idea of fees.

Amount Received: The amount received in Euro is the biggest indicator the total cost of sending money from Cuba to Spain. Essentially, the more the recipient receives in Spain, the less it is costing to send from Cuba.

Track the exchange rate for Peso Convertible to Euro

Sending money at the right time between CUC and EUR can make a huge difference to overall cost. The exchange rate impacts how much EUR you get for your CUC.

Mid-market Rate
1
= 0.94623 EUR

Over the last six months, the average numbers are:

  • The exchange rate from CUC to EUR averaged 0.9147 EUR.

  • The highest value recorded was 0.9354 EUR, while the lowest was 0.8922 EUR.

  • 5 providers currently offer transfers between Cuba and Spain close to this rate

Want to secure the best CUC-Euro exchange rates?

Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Cuba to Spain!

Payment methods for Cuba to
Spain transfers

  • Bank transfers

    Bank transfers are often the fastest option, and normally the cheapest, for sending money from Cuba to Spain.

    By opting for a money transfer company such as Wise for transfers from Cuba to Spain, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


    On average, Wise is the cheapest provider for bank transfers from the 5 we tested when sending CUC to Spain.

    With an average fee of CUC38.88 to send money from Cuba to Spain, Wise offers a great combination of competitive exchange rates and lower fees.


  • Debit and prepaid card payments

    Using a debit card, or prepaid option, for sending money from Cuba to Spain is easy with Wise.


    Wise is a market leader in debit card payments for transfers from Cuba to Spain, this is among a total of 5 money transfer companies compared.

  • Credit card transfers

    When it comes to sending money with a credit card from Cuba to Spain, Instarem emerges as our top choice of the 5 companies offering this service.

    Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.

How we analyze the market

We track the cost, speed, and product offerings of the leading money transfer services available between Spain and Cuba.


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 Cuba to Spain.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CUC to EUR.


For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.

Money transfer company reviews

How much money can be transferred from Cuba to Spain?
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Can I send money from Cuba to Spain with MoneyTransfers.com?
What are the typical transfer fees for sending Peso Convertibles to Spain through various providers?
How long does it take to send money from Cuba to Spain?
What is the best exchange rate I can get for sending money from Cuba to Spain?
Are there any minimum or maximum transfer amounts for sending money from Cuba to Spain?
Can I schedule regular transfers between Cuba and Spain?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.