- Thread starter young seniors
- Start date
Atm transactions
Depends on your bank and your card. My HSBC and one other does this. If you plan stay/live get a DR bank account and use your card at their respective branches and avoid charges.
If you are withdrawing from a bank in a foreign country that has been my experience.
Using a foreign card most banks charge RD$112 plus whatever your home bank may charge.
I was forced to make an ATM transaction (in order to activate a new debit card) lately and I was pleasantly surprised that it was not as expensive as I had feared (I usually cash checks at a cambio - this was the first time in almost eleven years that I used an ATM here). I used the Ban Reservas ATM at the POP airport and was charged $2.00 by my foreign bank, a 13 cent international fee and nothing by Ban Reservas.
Of course, all I withdrew was 500 pesos in order to active the card via a PIN transaction.
Of course, all I withdrew was 500 pesos in order to active the card via a PIN transaction.
I have an account with a US bank. I regularly use an ATM here in the DR to withdraw money. My bank reimburses all international ATM withdrawals. I am required to maintain a certain balance in the account, but for me the savings incurred from withdrawal charges makes keeping the minimum balance well worth it. By the way, my US bank is PNC.
Lindsey
Lindsey
Very odd that you didn't see a separate charge of about 112 pesos by BanReservas for the transaction. They started charging for non BanReservas ATM cards about a year ago and were one of the last banks that did not charge.