Personal Banking


An Instrument for Cuban and foreign natural persons, both in national currency and freely convertible currency.

The account can consist of a single holder (individual) or more than one, in the indistinct (equal liability) and joint accounts (cash pool) modes. The designation of beneficiaries and proxies are accepted.

Minimum conditions:

  • Initial deposit: 200.00 CUP/50. 00 CUC.
  • Deposits /Withdrawals: 20.00 CUP/ 20.00 CUC
  • Minimum balance: 50.00 CUP/50.00 CUC.

Interest:

They will be paid beginning at 400.00 CUP / 200.00 CUC. (See savings interest rates).

Operation instruments:

It operates with a savings book or debit card.

Scope:

All BANDEC branches in the national territory.

Documentation:

  • Identification document.
  • Application form.
  • Adhesion contract.

This instrument is for Cuban natural persons, in national currency, and associated with a payment center linked to the BANDEC branch where the account is opened.

Monthly payroll discounts are made in amounts prefixed by the client for the purpose of increasing a savings account (The purpose of the account is to increase the balance).

This type of account is individual. Beneficiaries and proxies can be designated.

Minimum opening amount:

20,00 CUP

Minimum deposit:

as previously agreed, always a multiple of 10.00, starting with 20.00 CUP.

Withdrawals:

Only four operations of this type are allowed during the year, the last withdrawal will close the account.

Interests:

An annual rate of 2.0% will be applied, with a 2.0% bonus if no withdrawals were made during the previous 12 months.

Scope:

All BANDEC branches in the national territory.

Documentation:

  • Identification document.
  • Application form.

This instrument is for Cuban and foreign natural persons, both in national and freely convertible currency.

It represents the commitment between the client and the bank for savings deposits during pre-established terms of 3, 6, 12, 24, 36 and 60 months. Withdrawal of the balance before the fixed term is up implies a penalty.

It can be opened by a single holder (individual) or by more than one, using the indistinct (equal liability) and joint accounts (cash pool) modes. The designation of a beneficiary in the individual mode is accepted.

Minimum amounts:

  • National Currency (CUP): 100,00 CUP.
  • Freely convertible currency (CUC): 200,00 CUC.

Interests:

They will be paid once the term has expired. See savings interest rates.

If the account is closed before the term agreed has expired, interests on the unexpired term will not be paid.

If the client does not appear on the date of expiry, the account shall be extended for the same term and amount.

Scope:

All BANDEC branches in the national territory.

Operates with a:

deposit form

Documentation:

  • Identification document.
  • Application form.
  • Adhesion contract.

This instrument is for Cuban and foreign natural persons, both in national and freely convertible currency.

It is an installment deposit that issues a Deposit Certificate, which can be negotiated and transferred by the depositor before its term of expiry, should the depositor require liquidity, without cancelling the underlying deposit agreement.

It is a commitment between the client and the bank for savings deposits in installments of 3, 6, 12, 24, 36 and 60 months. Withdrawal of the balance before the expiry of the fixed term implies a penalty.

It can be opened by a single holder (individual) or by more than one holder i.e. indistinct (equal liability), and joint accounts (cash pool) modes. A maximum of three persons is accepted. Designation of a beneficiary is not allowed.

Minimum amounts:

  • National Currency (CUP): 100,00 CUP.
  • Freely convertible currency (CUC): 500,00 CUC.

Interests:

See current savings interest rates.

Scope:

All BANDEC branches in the national territory.

Operates with:

Certificate of Deposit Form.

Documentation:

  • Identification document.
  • Application form.
  • Adhesion contract.

It is an instrument for Cuban natural persons in national currency.

It constitutes the commitment between the client and the bank for savings during a term of 72 months. The client can collect the interests in advance at least one year after the term agreed has elapsed. Withdrawal of the balance before expiry of the fixed term implies a penalty.

It can be opened by a single holder (individual) or by more than one, in this case in the indistinct (equal liability) and joint account (cash pool) modes. Designation of a beneficiary in the individual mode is accepted.

Minimum amount:

  • National currency (CUP): 1,000.00 CUP.

Interests:

They will be paid once the term has expired or in advance, at the request of the client.

See current savings interest rates.

If the account is closed before the end of the term agreed, interestsfor the unexpired term will not be paid. If the client does not appear on the day of expiry, the account shall be extended for the same term and amount.

Scope:

All BANDEC branches in the national territory.

Operates with:

Deposit Certificate of (non-negotiable)

Documentation:

  • Identification document.
  • Application form.
  • Adhesion contract.
Credits for constructions

It is an instrument intended for Cuban natural persons in national currency; it also allows the provision of cash in CUC at the current exchange rate.

The bank will make available to the client a sum for the purchase of construction materials in the commercial network, including the payment of skilled labor. The modes used are simple credit and a line of credit.

Minimum conditions::

  • Minimum amount: 1000,00 CUP.
  • Minimum monthly amount: 50,00 CUP.

Guarantees:

Other guarantees stipulated in the current legislation are accepted.

Scope:

All BANDEC branches in the national territory.

Documentation:

  • Identification document
  • Application form
  • Credit Contract
  • Documents requested to formalize the guarantee.

It is an instrument intended for Cuban natural persons in national currency.

The bank will make available to the client a sum for the purchase of cooking utensils in the local commercial network. The mode used is the line of credit.

Minimum conditions:

  • Minimum sum: 300,00 CUP.
  • Minimum monthly sum: 30,00 CUP.
  • Maximum settlement period: : 5 years (60 monthly installments)

Guarantees:

  • A joint guarantor who can cover the monthly payments is accepted for sums of less than 5,000.00 CUP.
  • Other guarantees referenced in the legislation in force are accepted.

Scope:

All BANDEC branches in the national territory.

Documentation:

  • Identification document.
  • Application form.
  • Documents requested to formalize the guarantee.