Permissible maybe, but I don;t think anyone will accept it, it takes a month or more to clar a US based check thru a DR bank[/QUOTE[
Lets say for instance I open a Bank Account with a Financial Institution in the Dominican Republic, And I have a Bank Account in the USA. How will I be able to transfer funds from my USA Bank Account into a Dominican Account, once it's established?
Your assistance is greatly appreciated.:glasses:
Permissible maybe, but I don;t think anyone will accept it, it takes a month or more to clar a US based check thru a DR bank[/QUOTE[
Lets say for instance I open a Bank Account with a Financial Institution in the Dominican Republic, And I have a Bank Account in the USA. How will I be able to transfer funds from my USA Bank Account into a Dominican Account, once it's established?
Your assistance is greatly appreciated.:glasses:
You can use a SWIFT code and your DR account number to make the international transfer. There is usually a fee (25-50 USD) per transfer. Ask you banker in DR for your SWIFT code and account number. Then give your US banker the SWIFT code and account number for the transfer. Double check with your banker in US. Perhaps my "spoon fed" version is not up to date.
Permissible maybe, but I don;t think anyone will accept it, it takes a month or more to clar a US based check thru a DR bank
You can use a SWIFT code and your DR account number to make the international transfer. There is usually a fee (25-50 USD) per transfer. Ask you banker in DR for your SWIFT code and account number. Then give your US banker the SWIFT code and account number for the transfer. Double check with your banker in US. Perhaps my "spoon fed" version is not up to date.
Thank you very much:cheeky:
IS the SWIFT Code the same as what we call here in the US, Routing Number?
Thank you very much:cheeky:
IS the SWIFT Code the same as what we call here in the US, Routing Number?
No.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT). Ask your DR banker for it.
All oil painting\Head massager are hand paint by talented artists using high quality oil-paints and only the best quality linen canvas.100% Hand-made, 100% Satisfaction, No minimum Order! & Best price!Worldwide Shipping Fast & Easy, Secure Online Shopping ! Oil painting Subject?There are 10000 oil paintings with more than 120 themes and styles. We have more than 10000 oil paintings\Head massager in different Subject and styles. We offer various styles of oil painting including portrait, landscape, animal, flowers, nude, impression painting, abstract painting, decoration painting, seascape oil painting on canvas. All paintings are hand made. Famous Artists?150 Famous Artists and 12000 fine reproductions . We have the finest reproductions of famous oil paintings in the world. Our oil paintings reproductions of the Great Masters' paintings are hand painted by skilled artists. Include works of Van gogh, Monet, Da vinci, Picasso, Picasso, Delacroix, and so on. Art from photo?Order oil painting\Head massager portrait for your nice memory in your life. Our artists will offer service for oil portrait and statuary. We can turn any photo into art, including oil paintings, figurine, pencil sketch, pastel painting, color pencil, Charcoal drawings and so on. All our work is handmade. China Art Work?They are fine Chinese arts for your view and collection. Our sale Chinese arts are very beautiful, which are100% hand painted by our artists who are strict trained for 10 years.
"Can I use a Certified Bank Check made Payable to me as a form of a deposit, to establish a bank account in the Dominican Republic?"
I am not sure if this is still true but, when I opened an account in SD a Certified Bank Check also took a month to clear. That is shocking but true. I opened my account with 500 pesos cash to start with until I figured out what was the best way. I used cash to pay everything and got reciepts for everything.
In the beginning I had my Dominican contacts cash my checks for me to deposit so I would not have to wait for them to clear. I learned not to rely on checks as I did in the US. I then established a relationship with the bank to handle transfers from my US bank account. I did not want all my $$ in any RD bank until I was sure it was the right bank for me.
I am laughing as I type this because that bank was Banniter. Luckily I got all of my $$ out before the s*it hit the fan.
I guess what I am trying to say is to take it slow until you "know the way".
Certified Checks take longer to clear in the Dominican Republic than wire transfers. I just recently wire transferred $20K USD to a business associate of mine in the DR, it took about one week. You need to provide documentation as to the source of the funds so the bank knows you aren't a drug kingpin or money launderer. This is true even in wire transfers.
I recommend opening a US Dollar account at Banco Popular. Use it to wire funds into the country. Maintain your funds in USD until you need to convert them into Dominican pesos. This will ensure you are 'protected' from any weird currency fluctuations (which are coming, believe me).[/QUOTE}
Can I open a US Dollar Account in the Dominican Republic?