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Thread: What A Hassle To Get Your Deposit Back Out Of This Banco Agricola....

  1. #1
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    Default What A Hassle To Get Your Deposit Back Out Of This Banco Agricola....

    I can see why owners don't place the deposit in there...What a hassle to get the money back. I am in the process of getting money back from a deposit that was placed in this bank under a certificate of deposit. They require a letter written from the owner and your own letter and then 3 days to get your funds. The other alternative is no letters and a 15 day wait. It is crystal clear why owners just hold the deposit in their own bank account. Ridiculous.

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    where's the problem on the above described procedure??

    Mike
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    ^ He's still in the new york state of mind. Chill Andy, you're on Ahorita Time, you know, 1 day = 5 days + tapon transport time

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    ha ha ha
    right,
    chill a bit and take it easy, totally agreed.

    but anyways,
    the day you cancel a rental,
    do you really get within 3 days your money back on hand in New Yol State?

    I think the Dominican System is the quicker one,
    just some people have no clue what's up and then complain about their own leak of prior Investigation/Research they should have done before using the services/renting a room etc.

    Cheers

    Mike
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    Quote Originally Posted by MikeFisher View Post
    ha ha ha
    right,
    chill a bit and take it easy, totally agreed.

    but anyways,
    the day you cancel a rental,
    do you really get within 3 days your money back on hand in New Yol State?

    I think the Dominican System is the quicker one,
    just some people have no clue what's up and then complain about their own leak of prior Investigation/Research they should have done before using the services/renting a room etc.

    Cheers

    Mike
    Either you guys didn't understand my post and/or I didn't explain it clearly enough.

    There isn't any reason for Banco Agricola to issue a certificate for a deposit if it requires extensive further documentation for the parties to extract the deposit. For both parties, it is just an unnecessary inconvenience that can be avoided by leaving the deposit outside Banco Agricola.

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    Quote Originally Posted by AndyGriffith View Post
    Either you guys didn't understand my post and/or I didn't explain it clearly enough.

    There isn't any reason for Banco Agricola to issue a certificate for a deposit if it requires extensive further documentation for the parties to extract the deposit. For both parties, it is just an unnecessary inconvenience that can be avoided by leaving the deposit outside Banco Agricola.
    I understand the Point you wanna make, but I don't agree on it.

    without the Deposits at the Banco Agricolar after cancelling a Rental the Tenants would need to run after the Landlords to get their Money back, and in many cases such Landlords do not live nearby, often not even within the Country, so the Deposits at the Banco Agricolar offer the Handling of such at a here available Location.
    a few days of waiting with the appropriate paperwork at hand I don't see as any Hassle,
    and even if Your Landlord doesn't agree to hand you oover His required Part of Papers you can request Your Deposit and get it in a 15 Days of Waiting Time Period.
    I don't see such as a Hassle, sorry to disagree

    Mike
    Mike
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    Quote Originally Posted by MikeFisher View Post
    I understand the Point you wanna make, but I don't agree on it.

    without the Deposits at the Banco Agricolar after cancelling a Rental the Tenants would need to run after the Landlords to get their Money back, and in many cases such Landlords do not live nearby, often not even within the Country, so the Deposits at the Banco Agricolar offer the Handling of such at a here available Location.
    a few days of waiting with the appropriate paperwork at hand I don't see as any Hassle,
    and even if Your Landlord doesn't agree to hand you oover His required Part of Papers you can request Your Deposit and get it in a 15 Days of Waiting Time Period.
    I don't see such as a Hassle, sorry to disagree

    Mike
    Well what is the difference really? You still need to receive that physical 'certificado deposito de alquileres' from the Landlord and a letter notarized with signature authorizing the withdrawal of the deposit from Banco Agricola. Either way, you are still running after the Landlord for your deposit. You can wait 15 days, but you still have to deposit that certificate with your own letter requesting the monies from the bank. I am trying to get the letter from the Landlord currently and then deposit to the bank. They claim that the money can be released in 3 days under those circumstances.

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    Default Deposit money

    Quote Originally Posted by AndyGriffith View Post
    Well what is the difference really? You still need to receive that physical 'certificado deposito de alquileres' from the Landlord and a letter notarized with signature authorizing the withdrawal of the deposit from Banco Agricola. Either way, you are still running after the Landlord for your deposit. You can wait 15 days, but you still have to deposit that certificate with your own letter requesting the monies from the bank. I am trying to get the letter from the Landlord currently and then deposit to the bank. They claim that the money can be released in 3 days under those circumstances.
    I think the difference is that most landlords spend the deposit money. The banco Agricola account works like an Escrow account. I agree with Mike. It is worth the hazzle.

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    It's also mandated by law.
    Fabio J. Guzman
    Guzman Ariza
    Attorneys-at-Law
    Sosúa, Santo Domingo, San Francisco de Macorís, Cabrera
    Las Terrenas, Samaná, Bávaro (Punta Cana) and La Romana
    Dominican Republic


    [email protected]


    Website

    The opinion above should not be construed to be formal legal advice and was given without reviewing the facts and documents pertinent to the case. The reader should NOT act based upon this opinion without seeking professional counsel.

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