Banking in La Vega or just (general)

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brydon

New member
May 25, 2009
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Are the Banks in the DR legit ??, can I do a wire transfer from Banco popular in La Vega ?? Thanks

would they/ could they steal from someone ?
 
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jorgesarduysousa

Bronze
Nov 25, 2008
988
48
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Yes they are Legit....and wire transfer are done with no problem...... never heard of anyone having their money in a bank being stolen
 
Hillbilly

Hillbilly

Moderator
Jan 1, 2002
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A couple of questions:
1) Why a transfer, when there are many alternatives?
2) Does your friend in La Vega have an account at BPD?
3) Why not use Western Union? or Xoom?

Transfers cost you and the recipient money.

Just asking, is all.

HB
 
AlterEgo

AlterEgo

Administrator
Staff member
Jan 9, 2009
23,152
6,321
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South Coast
I've wired money from our bank in NJ to our bank in DR several times. Our bank charged $45, same fee whether you send $100 or $10,000. Our DR bank did not charge us to receive it. No problems, it was there within a couple of days.

AE
 
Hillbilly

Hillbilly

Moderator
Jan 1, 2002
18,948
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Western Union, if it is for a person, not to fill an account that already exists, is instantaneous! That is why all the sankys and sankettes love it....and far cheaper then many other alternatives--but lots of exchange houses in NYC and Miami offer this service...

HB, just saying
 
W

Webbum

New member
Sep 16, 2011
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Which Bank

AlterEgo said:
I've wired money from our bank in NJ to our bank in DR several times. Our bank charged $45, same fee whether you send $100 or $10,000. Our DR bank did not charge us to receive it. No problems, it was there within a couple of days.

AE
Click to expand...

Hi, which Bank do you use in the DR?

Thank you!
 
W

william webster

Platinum
Jan 16, 2009
30,247
4,330
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I wire to ScotiaBank RD all the time... no fee to receive and its quick.

Wires come from US or Canada or where ever.
Costs to send the wire vary by the sending bank.

As has been pointed out before, less than $10,000 is ideal, but I have been over many times during house construction, etc.
Never a problem - touch wood
 
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