- Thread starter chico bill
- Start date
Wire Transfers becoming problematic
this is an interesting thread, I am following 
I've been having major issues sending money here using services such as xoom, moneygram, remitly, western union. All goes well until I try to send a large amount, where they then cancel my account pending review by the fraud departments. or where western union says the money isn't on hold, but when I pick up the money at western union here they get to the point of giving me the money, then put it back in the drawer and cancel the transaction..
WellsFargo charges me $45 for the wire, and $35 in hidden fees.. direct to Banco Santa Cruz, where I've been reading BSC will then charge $10.
That is expensive, and looking for better options, it has to be easier right?
I've been having major issues sending money here using services such as xoom, moneygram, remitly, western union. All goes well until I try to send a large amount, where they then cancel my account pending review by the fraud departments. or where western union says the money isn't on hold, but when I pick up the money at western union here they get to the point of giving me the money, then put it back in the drawer and cancel the transaction..
WellsFargo charges me $45 for the wire, and $35 in hidden fees.. direct to Banco Santa Cruz, where I've been reading BSC will then charge $10.
That is expensive, and looking for better options, it has to be easier right?
I still don't understand the issues with sending/receiving wires to oneself from anywhere to the DR?
Most people would have problems if:
Fraud Departments smell something weird
They can not show proof of where monies come from, ie, bank statements, brokerage statements, etc
Money was send from illegal sources
Amounts are exaggerated quantities in the millions
Other than these three, am sure everything else will be fine and worked out from the source bank to the ending bank in the DR.
Every wire I've sent here from the USA has arrived within two to three days, yes, at times, DR banks play dumb stupid games with the paperwork required prior to having the monies available in the accounts but, at the end it'll work itself out.
Most people would have problems if:
Fraud Departments smell something weird
They can not show proof of where monies come from, ie, bank statements, brokerage statements, etc
Money was send from illegal sources
Amounts are exaggerated quantities in the millions
Other than these three, am sure everything else will be fine and worked out from the source bank to the ending bank in the DR.
Every wire I've sent here from the USA has arrived within two to three days, yes, at times, DR banks play dumb stupid games with the paperwork required prior to having the monies available in the accounts but, at the end it'll work itself out.
Made a wire transfer from my country of origin to 🇩🇴 .
Money arrived in my account.
Bank changed it from USD to DOP.
Did what I wanted with the money and walked out with cash in both currencies.
During the various transactions I was making the teller asked me what was the source of my funds?
I answered.
Problems experienced: None‼️
Money arrived in my account.
Bank changed it from USD to DOP.
Did what I wanted with the money and walked out with cash in both currencies.
During the various transactions I was making the teller asked me what was the source of my funds?
I answered.
Problems experienced: None‼️
Yes, from 🇺🇲. Always takes what I consider a long time to become available. But the in bank part of the transaction was today‼️
How much time? I have been waiting a week to receive funds through Bank of America to Banco Popular. From bank in US. B of A is the intermediary. I haven't done a wire transfer from US in a couple years. Never has it taken this long.
7 days is fine for me. I have been with my bank for many years without a problem. They are consistent. And I am not having any problems like others posting here. The fee is fine also.
I got enough scratch, in my account in 🇩🇴 to live my simple and frugal lifestyle between transfers. I simply plan for it.
"Cash rules everything around me." - Wu Tang Clan
I got enough scratch, in my account in 🇩🇴 to live my simple and frugal lifestyle between transfers. I simply plan for it.
"Cash rules everything around me." - Wu Tang Clan
My bank says it should take 3-5 business days. I don't now what happened this time. I expect the $ will arrive.
7 days?
That is an eternity.
2 to 3 days is the norm.
With BANESCO I usually get the money the same day if wire is done early enough, and for sure, available to me by next day.
Good for you my man ‼️ I am comfortable with my banking arrangements. Reference is made to post #131.
I get same day from one of my banks..... they wire out at 10am
In my account same day..... mid afternoon
Not a US bank
I rec'd a Cdn transfer last week..... available next AM
Can';t say when it was sent-- dunno
On January 14th I used my Charles Schwab atm card in the DR for the first time. I wanted a place where I felt safe, went to a Scotiabank atm at hodelpa garden hotel near sti.
Limit of 10,000 pesos per transaction. I did it five times for 50,000 total. Each time I agreed to a 200 peso fee.
They deducted $175.51 for each transaction from my account. ASSUMING they reimburse me about $3.41 for each transaction at the end of the month, imo, I think it was a good exchange rate of 58.12
10,000/172.07=58.12
Banco Nacional also will let me pull much larger amounts than BPD.
But I have developed my suppliers to the point where I pay almost everything online. Even the guy who washes my trucks and the guy who does small repairs around the shop are paid by transfer.
I'm not crazy about carrying cash around these days.
But I have developed my suppliers to the point where I pay almost everything online. Even the guy who washes my trucks and the guy who does small repairs around the shop are paid by transfer.
I'm not crazy about carrying cash around these days.
Very interesting that you did it 5 times (in succession I assume). I have a Fidelity card I would like to try that with.
I think most banks will let you withdraw the so-called limit various times. Them folks love their fees.