Stonegate Bank and MasterCard Enable U.S.-Issued Debit Cards for Use in Cuba

Stonegate is pleased to announce that the bank is now offering a Debit MasterCard that can be used at any of Cuba’s 10,000 hotels, restaurants and other card-accepting merchants.

“This is the first step in relieving the burden of U.S. travelers carrying cash when travelling to Cuba and another step in normalizing commercial relations between the two countries. Hopefully more issuing banks will help this process by approving credit and debit cards as well,” said Dave Seleski, president and CEO of Stonegate Bank.

Initially, cardholders will need to sign for all Debit MasterCard purchases. Stonegate expects to expand the use of the cards to ATMs in 2016.