Need Banking Information

D

DRtechie

"everyday is a holiday"
Jan 27, 2002
443
0
0
phiota.net
Just a few questions -

What's the current interest rate for dollar deposits in DR Banks? As a US citizen, what will I need to open an account? Any advice on dealing with DR banks? What are some alternative investments vehicle I should look into?
 
E

Escott

Gold
Jan 14, 2002
7,716
6
0
www.escottinsosua.blogspot.com
DRtechie said:
Just a few questions -

What's the current interest rate for dollar deposits in DR Banks? As a US citizen, what will I need to open an account? Any advice on dealing with DR banks? What are some alternative investments vehicle I should look into?
Click to expand...

You need a passport to open an account. Some banks ask for letters from another bank as reference. I carry three letters with me at all times when I go to banks.

You can get 8.5% on 100k US in DR banks now. Maybe even a little more. I will let you know a week from today after I go to the Banks on Monday!:)

Regards
 
F

frederic

DR1 Expert
Jan 1, 2002
93
0
0
interest rates....

banks are paying 6-8%, depending on the timing and amount of your deposit.
 
M

MommC

On Vacation!
Mar 2, 2002
4,056
7
0
dr1.com
Pesos vs $$$

If you plan on living here with the proceeds of interest here's a thought.
100K converted to pesos will give you 16% interest at Banco Popular (you gotta bargain for it but you can get it-we just helped a friend do it!)

Leave half your money in US$ and convert the other half to pesos.
Live off the pesos and "save" the US$ for retirement or dire emergencies (as in life threatening) only.
 
D

DRtechie

"everyday is a holiday"
Jan 27, 2002
443
0
0
phiota.net
The offer is a Technical Sales position with the Latin American division of Lutron Electronics. The company builds solid state dimmers and lighthing controls for large buildings (private & commercial). The company doesn't really have a presence in the country right now but they're hoping to capitalize on the building boom...although I think they're jumping in a little late in the game. Anyways I going to assist in building the DR office.

I worked for the company last summer so it wasn't hard interviewing for that position. They're offering housin, car, and tuition reimbursement for the kids :)) can't cash in on that one yet!) that's on top of the base which is $50>. This is all contingent on finishing my degree by next December and starting Training in Jan. Not ready to make a decision just yet.
 
B

Bugsey34

Bronze
Feb 15, 2002
567
0
0
WOW

Wow, I am very impressed! CONGRATULATIONS, I only hope I can be half as lucky when I start my search. I?m starting to think my Spanish-Italian degree may be in the wrong field if I?m looking for positions as nice as Techie?s... hmmm... little to late to rethink that one.

I?m so glad a couple people on this board have disproven the nasty rumor that it is impossible to get a job in the DR while overseas. Congrats again, Techie, enjoy!
 
You must log in or register to reply here.
Top Bottom