All banks in Cuba are state entities. No foreign banks are present. The most important of the banks catering to foreigners is the Banco Financiero Internacional, which offers a full range of banking services. Branches nationwide are open Monday–Saturday 8 a.m.–3 p.m. (but 8 a.m.–noon only on the last working day of each month). Banco de Crédito y Comercio (Bandec) is the main commercial bank, with outlets islandwide (most are open weekdays 8:30 a.m.–3 p.m.). Banco Popular and Banco Metropolitano also provide foreign transaction services.
Cuban banks have been known to pass off counterfeit CUC50 and CUC100 bills to foreigners. When receiving such bills, always check for watermarks.
© Christopher P. Baker from Moon Cuba, 5th Edition