Procedures and Services

Financings Petty Farmers:

The Banco Popular of Ahorro offers banking financings to the Petty Farmers, already be proprietary or usufructuary of lands, developmental of their agricultural productions, these stand out in:

Financing of Production or Working Capital: Destined to finance the production expenses of the temporary cultivations or of short cycle, the cultural attentions to permanent plantations and the acquisition of cattle for fattening, among others. In all cases the productive life of the agricultural productions included in this segment is of 18 months or less.

Financing of Investment: They grant themselves to finance fostering, renewal, rehabilitation of permanent cultivations and the attentions of the 1er year in those permanent cultivations whose first marketable production takes time more of 18 months in obtaining myself. The acquisition of sheep and goats also is included and I vaccinate for foot of offspring, of working animals; As well as the acquisition of means of work and raw materials in the Net of Tiendas of Domestic Commerce.

The productions that are intended to finance him will have to be insured and the requests of financings should be presented to the bank branch before the start of every campaign of the cultivation that they talk to each other. In the case of vernal campaigns or cold they should also show up before the start of them

Same. Branch banking will take the necessary measures that they enable resolving the requests into the possible shortest time, the one that no

He will have to exceed the 20 working days, installments from the date of reception of the same.

In order to agree to the banking financing a condition will be that the applicant not present arrears in the fulfillment of the debts that he has with any Banking Institution, neither her DC he associates to, to be the case.

Of being approved the solicited financing will demand to have a checking account, like requirement in order that he is granted to you.

The documentation to present for the request of financing will be the following:

Model of request signed by the applicant.
Proof of identity.
Resolution broadcast by the Municipal Delegate of Agriculture where the earthen delivery in profit consists of, for the case the beneficial owners.
Certification broadcast by the Office of Control of the Earth, intervening which become famous the legal tenancy of the land.
Agreement on relations and obligations between the beneficial owner and the Municipal delegate of Agriculture, for the case of the beneficial owners.
Document where the CCSF he draws himself up to, for the case of the beneficial owners becomes famous.
Document emitted by the CENCOP, where the quantity of cattle is evident that the applicant has, specified for category, for the producers of cattle.

The applicable interest rates to these financings are the in use ones for the Central Bank of Cuba and vary in dependence of time of validity of financing, as shown from now on:

The customer should offer our banking institution. These guarantees find themselves foreseen in the legislation in use, between the ones they meet between, for the requests of financings to $ 20 000,00:

Cession of future earnings
Confident Agropecuario established by the ESEN

The superior financings to $ 20 000,00 will have to count on complementary guarantees of the provisions in the legislation in use, that 20 cover up 50 % of the total sum that surpasses the $ 000,00, for instance:

Joint and several sureties should count on a creditworthiness enough in order that overall back the total sum that surpasses the 50 % of the financing requested over the $ 20 000,00.

The moneys on deposit of saving (of the different modes) in aggregate will just the same back 50 % of the total sum that surpasses the $ 20 000,00.

In the cases in which the farmer operate the checking account (generate superior income to $ 25 000,00) will be considered like guarantee a minimal balance in the equivalent checking account to 30 % of the amount over the $ 20 000,00.

He can also offer himself for like guarantee financings, he pawns it on the agricultural goods following:

Horses and cows
Tractors and Self-Propelled Harvesting Machines

For these cases the bank will demand the ownership of the good, sent for the Record of the Livestock Control (CENCOP) and the Record of tractors and self-propelled harvesting machines (CNCT), in which be evident the value of the well-expressed in money, that he can understand the official value or the market price.

It is a canal that enables him agreeing electronically to various services through any terminal (motive, Tablet or PC) with outburst to internet or to her intranet Cuban. The customer can bring about his calculation at any time or place.

Operations that he can accomplish:

Knowing the balance, the last motions and the limits of all his accounts of card debit charge Red.
Contract and payment of the services of electricity, the telephone, as well as the payments of debts to the ONAT.
Accomplishing transferences toward other accounts of card Red of Bandec or of other banks, either in national currency as in CUC.
Amortizing own or other- headlines personal credits with loans in Bandec or in other banks of the system.
Knowing the balance updated of all his accounts in his different varieties of saving once the formation of funds was included, personal credits, etc.
Incrementing the balance of his account of formation of funds, by means of transferences from his account of card debit charge Red.

The necessary requirements to use the service are:

Having Tarjeta Débito Red of BANDEC.
Card Multibanca.
Device with outburst to internet or intranet Cuban.

In order to request the service address yourself to Personal Banca's office where Kiosco brings about your calculations to do the deal of the canal of payment.

Consent through the e-mail address: Https://www.kiosco.bandec.cu/kiosco

Telephone banking:

It is a canal that enables him agreeing to through a landline various services. From your account of magnetic card can come true operations such as you consult of balance, payments of services (electricity, telephone, etc.), Making a money-transfer and other operations.

The card the Multi-Bench will enable the complete authentication on him when get in touch with the Center of Llamadas through the telephone 7867-1996 and the 80201996, this last for long-distance calls with a cost of 0,15 cents per minute that does not require to mark the code 07 of province Havana.

The necessary requirements to use the service are:

Having Tarjeta Débito Red of BANDEC.
Card Multibanca.
Landline.

Checking accounts:

In the closer subsidiary of the Banco Popular of Ahorro to your dwelling place, you can open and managing checking accounts in CUP or CUC, previous signature of the Contract that will subscribe between the headline and the Bank, accomplishing 500,00 CUP's initial deposit or 50,00 CUC, holding these total sums like minimal balance for your validity.

Checking accounts can be:

Place mat: A single headline.
Collective: More of a headline, these can be:

Solidary indistinct ó: Each headline can bring about calculation individually.
Merged or united: All headlines can bring about the calculation of united way and they should be natural persons authorized to exercise the self-employment, or other kinds of step not stater

For the opening of the checking accounts representation or seizing will not be admitted.

For the operativeness of the checking accounts, the headlines will be able to authorize natives by means of Notarial Poder to act like authorized signature of the account to other people; They will be able to authorize besides, without keeping the requirement of the Letter Of Attorney, other native born people to accomplish deposits in your opinion, as well as to delivering and receiving documents.

The checking accounts will be able to operate with checkbook and the overdraw is not admitted. For your operativeness instruments of payments, such will be used I eat: Checks not transferable by endorsement, cashier's checks and bank transfers. These accounts will go by the Regulations of Checking Accounts of the Banco Popular of Ahorro.

In order to agree to this service you should show the following documents:

Model of request signed by the applicant.
Proof of identity.
Official document that authorizes it to exercise activity for own account, or other kinds of step not state-owned, emitted for the competent authority and a same photocopy.
Registration in the Assessment Roll in mail with what's established in the legislation.
Document sent by the National Office of Tax Administration of the municipality, certifying the level of annual earnings declared by the contributor, to be applicable.
Other ones that the Bank can consider necessary, taking into account the aspects established in the Regulations of Checking Accounts of the Banco Popular of Ahorro.

Financings:

The Banco Popular of Ahorro offers you financings stops:

Working capital: They will grant themselves to cover up the ordinary resourceful needs in the activity authorized to practice, like for instance: The acquisition of raw materials, the payment of electricity, water, gas, expenses of salaries, among others. This financing should be amortized in a period not bigger of 18 months.

Investment: They will grant themselves to finance investment expenses once the activity that he realizes, such were associated to I eat: Construction, modernization or restoration of sites, purchase of necessary equipamiento and other objectives of financing of similar nature. This financing should be amortized in a period not bigger of 5 years.

The minimal total sum to finance is both times of 3 PROSECUTION and the maximum total sum depends on the creditworthiness of the applicant, the one that is in mail with the income of his business.

The applicable interest rates to these financings are the in use ones for the Central Bank of Cuba and vary in dependence of time of validity of financing, as shown from now on:

Maximum time in months       Interest rates yearly

3                                               From 2.5 to 3.5 %

6                                               From 3,0 to 4,0 %

12                                             From 4,5 to 5.5 %

24                                             From 5.5 to 7.5 %

36                                             From 6.5 to 8.5 %

60                                             From 7,0 to 9,0 %

In order to request financings, the applicant should keep 2 prerequisites that they are:

Having the authorization to exercise the Self-Employment or another kind of Gestión No Estatal.
Not having amounts overdue of any kind with the banking system.

The existence of the checking account will be a must when a financing is granted.

The legal documentation to present for the request of financings will be the following:

Proof of identity.
Model of Loan Application.
Authorization that accredits it to exercise activity for own account or another kind of Gestión No Estatal.
I document of Afiliación the Special Regime of Social Security, to be appropriate.

 It is the service that lends overall BANDEC with ETECSA and that allows the customer accomplishing banking transactions with your mobile phone and by means of man-like application or codes USSD in devices (telephone or Tablet).

Operations that he can accomplish:

Transferences.
Payments of services (electricity and telephone)
Payments to the ONAT
Consultations of balance of all the correlated cards.
10 ultimate operations made in the card.
Overload Movable Balance.
Límite's change of his accounts
Límites's consultation of her accounts.
I change ED Card.
Looking up realized balloon payments.
Amortizing Credit granted by Bandec

The necessary requirements to use the service are:

Having Card Debit Charge Net of Bandec
Card Multibanca
Having a device telephone or Tablet (android or no)

If the device cannot be installed applications man-like USSD, with the ones that will be able to come over just the same the same servants with will be able to have an operation by means of the codes if he had a smartphone or android.

Codes:

*444 *49 *02 *PAN # Registering

*444 *40 *02 # Authenticating

*444 *41 Paid # Electricity

*444 *42 Paid # Telephone

*444 *43 Paid # of ONAT

*444 *45 # Transference

*444 *46 # Consults of Balance

*444 *47 # Looking Up Service

*444 *48 # ultimate Operations

*444 *56 *RC05 # Consults of the ONAT

*444 *69 # I Change Key ED

*444 *70 # Disconnecting

*444 *68 *02 # Eliminating Record

*444 *52 # Adding invoice, Consultar invoice, Paying invoice,

*444 *60 # I Change Card

*444 *61 # I Change Limit Card

*444 *62 # Consults Limit Card

*444 *63 # balloon payments

*444 *55 # Amortization

*444 *58 # Consults of all his accounts

*444 *54 # Overloads Movable Balance

In order to request the service address yourself to Personal Banca's office where he brings about your calculations.

A card destined to collaborators is Cubans out-of-doors. It is emitted in CUC according to agreement with the organism of collaboration.

Main characteristics:

A card for the headline is emitted (collaborator) and to two supplementary (2) cards to people circumscribed by the headline.
The headline will establish monthly limits of extraction (payment) for the supplementary cards.
As much with the main card like with you would supplement them, he can get ready of cash in automatic teller machines and in the TPV (BEHIND) of the financial institutions.
The main card has habilitate the rest of the operations that come true in the automatic teller machines, you would supplement them not.
For the payment of goods and services through TPV (BEHIND) the customer receives a discount of the 30.0 %.

The request of the card is accomplished by the organism of collaboration.

It is a card that he has once a numerical womb that will enable him accessing the different canals of safe and confidential way, was printed because it will be used by the customer to authenticate provided that he accomplishes operations in any of the services that use it. The same one is associated to each person and no to services. With her and based in your account of magnetic card you will be able to operate crossways of:

Kiosk (remote Bench of natural persons).
Virtual Bandec (remote Bench for companies and TCP).
Telephone banking.
Movable bench.

It is a card of magnetic strip correlated to services like the savings accounts, payment of retired persons, payrolls, shopping of materials for grant-aided. It is emitted in CUP or CUC. It is intended for natural persons'segment.

With her the following operations can come true:

Disposition of cash in automatic teller machines and TPV (BEHIND) of financial institutions.
Other operations in automatic teller machines (payment of services, I change of CADECA, transferring other cards).
Payment of goods and services in the commercial net through TPV.
If he requests a card Multi-Bench, can agree to all operations habilitated in the electronic canals (Kiosk, Virtual Bandec, Telephone Banking and Transfermóvil).

In the case of the variant for grant-aided, emits him people that receive subsidies for constructive actions and acquisition of the materials of the construction and he counts with the following peculiarities:

Only they can be used in the TPV (BEHIND) of the commerces habilitated for the sale of materials of the construction (trails).
They do not admit extractions of cash in automatic teller machines and BEHIND of the financial institutions.
It is emitted only in CUP.
It allows looking up in automatic teller machines the balance and the last 10 operations accomplished with the card.

In order to obtain a magnetic card it takes:

Formalizing contract of opening of account of saving (if he does not have an account at BANDEC).
Formalizing inaugural contract of checking account (only for TCP).
Signing individual contract for card NET BANDEC.

Next to your magnetic card request the card Multi-Bench to operate on the electronic canals.

 System of connection bank customer. Tool that allows to the legal entities and financiers, to the Independent Labor Force and other Kinds of Gestión not Estatal accomplishing varied operations from any terminal with outburst to Internet or to the Intranet Cuban. His operative of realize from the checking account of the customer.

Operations that he can accomplish:

Consultations of account statements.
Consultation of funds availability.
Consultation of the motions of the account in one day.
Tax payments (ONAT).
Funds transfers.
Multiple transferences.
Orders of collection of payment.
Request of checkbooks.
Recovering voucher.
Financings and lend-lease amortizations.
Accreditation of payroll of magnetic cards.

The necessary requirements to use the service are:

Having ordinary or expenses account.
Card Multibanca.

Once once the service was hired he can consent through:

Internet: Www.bandec.cu/virtualbandec
Modem: New.vb.bandec.cu/virtualbandec

In order to request the service address yourself to the department of checking accounts where he brings about your calculations.

The Credit Bank and Commerce transfers funds under instructions of his customers toward other subsidiaries of Bandec or other banks, for the sake of the own customer or of other people, as much in CUC as in CUP. The same ones can impose themselves through deposits of cash or from an account of the customer and they will process themselves by phone, ordinary or electronic mail or for remote bench, according to the likes and dislikes of the customer. There are not limits of total sums.

Financings for natural persons Cubans, destined to the purchase in the commercial net of teams of cooking of foods. It is granted in national currency. The mode to use will be the credit line.

Minimal conditions:

Minimal total sum: 300.00 CUP.
Monthly minimal payable total sum: 30.00 CUP.
Time limit of liquidation: 5 years (60 monthly payments)

Guarantees:

For smaller total sums to 5,000.00 CUP a joint and several surety that can cover the monthly payments is accepted.
They accept other guarantees included in the legislation in use.

Documentation: Proof of identity and application form.

 Financings for natural persons Cubans, destined to the purchase in the commercial net of construction materials and the handheld payment of work. They grant themselves in national currency but it enables dispositions of cash in CUC to the exchange rate in use for shopping in stores. The modes to use will be simple credit and credit line.

Minimal conditions:

Minimal total sum: 1,000.00 CUP.
Monthly minimal payable total sum: 50.00 CUP.

Guarantees:

They accept the guarantees included in the legislation in use.

Documentation: Proof of identity, application form and signature of the adhesion contract.

 Tell destined to natural persons Cubans and foreigners, as much in national currency as in freely convertible coin. Constitute a commitment between the customer and the bank to save in fixed terms (3, 6, 12, 24, 36 and 60 months). The extraction of the total sum before the appointed period implies a penalization. They can be individual, indistinct or merged.

Minimal inaugural conditions:

National currency (CUP): 100.00 CUP.
Freely convertible coin (CUC): 200.00 CUC.
Interests will pay once on time the period themselves.

Interests:

They will pay him the interests once on time the period Si the account before the agreed period closes they do not pay the interests of the period that passed.
Of not showing up the customer the day of the duedate recesses himself for similar period and total sum.

Documentation: Proof of identity, application form and signature of the adhesion contract

Certificates of deposits: Time deposits directed to natural persons Cubans and foreigners, as much in national currency as in freely convertible coin. A Certificate Of Deposit is emitted, which can be negotiated and once the subjacent contract of bailment was transferred to someone else before the period in case of needing unpaid liquidity. Constitute a commitment between the customer and the bank to save in fixed terms (3, 6, 12, 24, 36 and 60 months). The extraction of the total sum before the appointed period implies a penalization. They can be individual, indistinct or merged.

Minimal inaugural conditions:

National currency (CUP): 100.00 CUP.
Freely convertible coin (CUC): 500.00 CUC.

Documentation: Proof of identity, application form and signature of the adhesion contract.

Fixed time deposits with payment in advance of interests: Time deposits directed to natural persons Cubans in national currency. Constitute a commitment between the customer and the bank for the saving in a period of 72 months. Operate with a nonnegotiable certificate of deposit. The customer has the passed possibility of cashing interests in advance once at least one year of once the deposit was formalized. The extraction of the total sum before the appointed period implies a penalization. They can be individual, indistinct or merged.

Minimal inaugural conditions: National currency (CUP): 1000.00 CUP.

Interests:

They will pay once on time the period or of way anticipated, if the customer requests it.
If it closes before the agreed period they do not pay the interests of the period that passed.
Of not showing up the customer the day of the duedate recesses himself for similar period and total sum.

Documentation: Proof of identity, application form and signature of the adhesion contract.

 Tell destined to natural persons Cubans associated to a center of linked payment to the subsidiary where the account opens. It consists in the realization of monthly discounts of payroll in total sums agreed on with the customer to thicken a savings account. This alone type of account will be individual.

Minimal conditions:

Opening: 20.00 CUP.
Deposits: The agreed, always multiple of 10.00 and from 20.00 CUP.

Extractions:

In accounts the associated to notebooks they will be able to realize to five (5) extractions, closing he tells her in the fifth extraction. For it it will be considered a natural year, from the opening date of the account.

In accounts the associated to magnetic cards, to accomplish quite a few (4) extractions or payments in the period of a year the moment that it comes true the I take debit charge away, the interest rate of a 2.0 % to a 0.5 % will get modified, during 180 days (6 months).

Interests:

A rate of the 2.0 yearly % with a bonus of the 2.0 % will be applicable if extractions in the 12 previous months have not come true.

Documentation: Proof of identity, application form and signature of the adhesion contract

 Tell destined to natural persons'saving Cubans and foreigners, as much in national currency as in freely convertible coin. It can open for a single headline (place mats) or for over one. In the latter case they can be Indistinct (headlines can operate separately) or United (it takes the united presence of the headlines to operate). They can have an operation for savings passbook or magnetic card.

Minimal conditions:

Initial deposit: 200.00 CUP or 50.00 CUC.
Deposits Extractions: 20.00 CUP 20.00 CUC.
Minimal balance: 50.00 CUP 50.00 CUC.

Interests:

Annual rate of the 0.5 %.

Documentation: Proof of identity, application form and signature of the adhesion contract