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Thread: Banking

  1. #1
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    Angry Banking

    As a reiteration of previous threads about opening a bank account.........

    I have had a peso account at ScotiaBank since January 2008. Given the peso fluctuation recently, I decided to open a US Dollar account to 'warehouse' US $$ until the most advantageous time to convert.

    Not so fast.... I gave them my passport, my cedula, my residencia, my RD driver's licence and my NEXUS card.

    They still want proof of employment, or tax returns, or whatever proof of whatever.
    Of course , I can provide none of the above on short order nor will I succumb to the request.
    I did, however, allow them to look at my Cdn Scotia account as proof of solvency.

    I just want to add an account.

    I gave up and walked out.

    Reading here has encouraged me to try another branch, another day - it may be easier.

    Anybody experienced anything like this ??

    I understand why they want it, but from an existing account holder ?? That's what confuses me.

  2. #2
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    Try Banco Santa Cruz, Progreso, or Leon. Might be easier. If you have lots of $$$ in pesos account, once you have other bank USD account, tell them you will be moving your $$$ elsewhere and request to close the account on the spot. Most likely they will open you USD account on the spot.

  3. #3
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    Thanks, I'm going to try something.... the threat is a good idea

  4. #4
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    I walked into the nearest Ban Reservas with just a Canadian passport and opened 2 accounts: DOP and USD, in under an hour. No further docs were required.

  5. Likes Noballs liked this post
  6. #5
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    I remember reading your post -- it encouraged me.

    I must have failed the sniff test..... and I wore long pants too!!!!!!!!!!

  7. Likes mbgmike, frank12 liked this post
  8. #6
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    Quote Originally Posted by william webster View Post
    I remember reading your post -- it encouraged me.

    I must have failed the sniff test..... and I wore long pants too!!!!!!!!!!
    Haha.. yep and here I am in shorts and sandals and can make withdrawals of 250k RD daily in banco popular with just my passport. They also opened both my RD account and USD account in under an hour.. I guess the pants and closed shoes weren't as important as we all thought!

  9. #7
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    Maybe I'll go back tomorrow in the shorts/sandals get-up......
    wet hair from the beach and a camera hanging from neck - wearing a straw Fedora, chewing a cigar.

    Since 2008... they know me in that bank !!!

  10. #8
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    I am a canadian citizen too and I have a dominican pesos account and a UD dollars account with BHD bank. They have worked perfectly during the 5 and a half years we have been living here.

  11. #9
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    The reason they may be looking for the record of employment and tax returns may be related to the increase of people using out of country banks for drug transactions etc. Scotia Bank is still a Canadian owned bank and are paranoid about getting involved or known as an easy bank to shift money. They got nailed back in the 80's by the US Gov't over Cayman accounts of American clients and thought they were exempt from disclosure. However the RICO statute was invoked and papers were served on the Miami branch of the Scotia Bank and the Federal Court ruled that Scotia Bank is Scotia Bank and if you have a branch in the US then you must comply with warrants and court orders. I am a retired Mountie and just guessing that is why they were so paranoid. I deal with Scotia Bank and just do it all online and use the cash machines to withdraw my pesos while down for the winter. Do not get me started on the stupidity of banks .......please

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  13. #10
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    i did not have problem with banco bhd opening an account.. i agree with the posts, banks have been getting funny again, in usa also

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