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@wondering9

I use Paysend and Ulink, instant transfers, extremely low transfer fees.  I DM'd you with more details.

I use the Western Union app. Foreign bank>Dom bank. Also low fees and fast transfers.

I receive transfers on a regular basis from Remitly and it seems to work well

I write myself a check from my US bank dollar account to the DR bank dollar account. No fees, but between a 7 and 15 day wait.

Great thread, I never thought about using Remitly or some of the other suggestions others made.  I’ll have to look into trying them.

For me I initiate online bank wires from my US bank for payment into my Dominican account.  The transfer is instant and the funds are normally available for use the day of.

There’s usually a small wire fee required, but that’s been my go to method for the past 2 and a half years.

Remitly is good for smaller amounts, but they have a limit to how much money you can send (both weekly and monthly).  Check with your bank to see if you can sign up for wire transfers.  That's what I did (I have Regions).  It didn't cost me anything to add it to my account, and I can do a wire anytime for as much money as I want (well, we all know there is a $10K limit before they notify Uncle Sam so I usually do not send more then that unless I have a legitimate reason to give to the IRS if they come calling).

Wise works very well from US to DR.  The fee depends on the amount.  First transfer takes a few days, after that 24 to 48 hours

Remitly works well, except this and all other services beat you on the exchange rate, the worst is xoom

You could also take a look at Boss Revolution they have been pretty reliable for us. You did not mention it but I’m hoping you are receiving in US dollars. As these money transfer places exchange at a much lower rate than you can get yourself.

morning everyone,

I have been using remitly for the past 3 years and have had excellent experience! both ways ( home delivery or store pick up).

yes get it in dollars and then change in office great rates.

anyone in SD to hang and watch football? ping me.

I’ve used Western Union for the last 4 years , never a problem….. for larger amounts I write a check to myself and deposit it my account , I’ll wait for it to clear , what’s the rush your in paradise

@Tippj

Be advised that Western Union is going to start implementing a 1% tax on international transactions starting January 1 2026. It will only affect transfers that involve Cash, Cashiers Checks or Money Orders.

remitly is cheaper than WU!

Also, beware again, Nov 1 Banco Popular is raising all the tariffs or fees , and tacking a percentage for any inbound international transfers if you bank with BPD

@wondering9

I use the Scotia Bank ATM with my BOA debit card. There is a daily limit on withdrawals from the ATM. I think $500US dollars dispensed in Pesos. It hasn't been expensive. No standing in long lines with passport in hand.

@Stacy ST

Hi! So, does the DR bank (which one do you use?) exchange automatically to pesos? Do the wire transfers cost anything on either end? This sounds more secure and straightforward rather than using something like Western Union. I've never heard of Remitly....I'll look into it.

@tropicaldaze23

I use SendWave

Yes the banks charge to receive wires. They will exchange to pesos if the wire destination is a peso account. If you want to wire dollars and receive dollars open a dollar account as well as a peso account

@tropicaldaze23

I transfer everything in USD - USD from my US bank (Regions) to USD account in DR (BHD).  Regions charges me $35 for the transfer (no matter the amount), and I do believe there is also a charge from BHD, but I do not remember how much as I have not done it in a while.  If you can, it is always better to transfer the same currency because that is where the banks really make the money...in the exchange rate (including Remitly).  If you can transfer USD to USD, then you are only paying the fees and no padded exchange rate.

I have an account at Banreservas and have been very happy with the service there. I wire money (< $10,000) from my New York account seamlessly with a $50 charge on the NY end. I can take up to 30,000 pesos per ATM visit at Banreservas.