Hola..Great forum..lots of good info
Haven't been in SD in a while. I use ATMs to access money from my U.S. bank and always received Pesos. Is there any ATM or place where I can get Dollars while there?
Gracias
Completely untrue. Almost no one is willing to sell you dollars for the worthless pesos. ALL Banks require an account, which you CAN NOT GET without a Cedula...and you can't get one of those in any reasonable amount of time unless you are Dominican. Even the cambios, such as Caribe Express AND Western Union (which is supposed to be an International company) will gladly take all of your USD, but will flat out REFUSE to exchange any pesos into DOLLARS for foreigners. They will tell you that is the way it is in the Dominican Republic. Dominicans may purchase DOLLARS all day long, but you as an American Citizen (for example) with a United States Passport will be denied United States Dollars.
I have to disagree with you. I've opened bank accounts with American ID. With two banks down there. And I know many others as well that have done it without a cédula.Completely untrue. Almost no one is willing to sell you dollars for the worthless pesos. ALL Banks require an account, which you CAN NOT GET without a Cedula...and you can't get one of those in any reasonable amount of time unless you are Dominican. Even the cambios, such as Caribe Express AND Western Union (which is supposed to be an International company) will gladly take all of your USD, but will flat out REFUSE to exchange any pesos into DOLLARS for foreigners. They will tell you that is the way it is in the Dominican Republic. Dominicans may purchase DOLLARS all day long, but you as an American Citizen (for example) with a United States Passport will be denied United States Dollars.
Completely untrue. Almost no one is willing to sell you dollars for the worthless pesos. ALL Banks require an account, which you CAN NOT GET without a Cedula...and you can't get one of those in any reasonable amount of time unless you are Dominican. Even the cambios, such as Caribe Express AND Western Union (which is supposed to be an International company) will gladly take all of your USD, but will flat out REFUSE to exchange any pesos into DOLLARS for foreigners. They will tell you that is the way it is in the Dominican Republic. Dominicans may purchase DOLLARS all day long, but you as an American Citizen (for example) with a United States Passport will be denied United States Dollars.
I'm not quite sure OP was answered but my question is very simple. I need to send dollars from US to bank in DR and get dollars back. Monthly. What is the best, safest, and less expensive way to do that?
Completely untrue. Almost no one is willing to sell you dollars for the worthless pesos. ALL Banks require an account, which you CAN NOT GET without a Cedula...and you can't get one of those in any reasonable amount of time unless you are Dominican. Even the cambios, such as Caribe Express AND Western Union (which is supposed to be an International company) will gladly take all of your USD, but will flat out REFUSE to exchange any pesos into DOLLARS for foreigners. They will tell you that is the way it is in the Dominican Republic. Dominicans may purchase DOLLARS all day long, but you as an American Citizen (for example) with a United States Passport will be denied United States Dollars.
I can't speak for Zack (obviously), but I was told that you need USD to pay the overstay fee upon exit. That was true for me the first 2 times, but not the third, where I gave the lady $2500 DOP and we were all happy.
My experience to get Dollars from Pesos the best rate will be at any bank, and to get Pesos from Dollars best rate Caribe Express.
I can't speak for Zack (obviously), but I was told that you need USD to pay the overstay fee upon exit. That was true for me the first 2 times, but not the third, where I gave the lady $2500 DOP and we were all happy.