I spend about 3 months a year in the DR and I plan to open a Dominican bank account next time I travel there. I'm just looking for ease of access to funds while I am in the DR and to have a little back up account that could earn some interest while I am away. I stay on the North Coast so there would have to be branches in towns in the area from Sosua to Cabrera.
Are certain banks easier for foreigners (USA) to do business with? Can I open a joint account with my wife so either of us can make withdrawals? What else should I be aware of before I choose a bank?
I have been dragging my feet on this for a few years because it has been hard to get good first hand information on banking in the DR and I did not know anyone who had opened an account. Some threads I've seen about banks seem out of date so I am asking my fellow DR1ers for help based on their recent experiences. I know everyone will have their own favorite, but all suggestions, comments, and ideas will be used to help me make a decision. Thanks.
bob
Are certain banks easier for foreigners (USA) to do business with? Can I open a joint account with my wife so either of us can make withdrawals? What else should I be aware of before I choose a bank?
I have been dragging my feet on this for a few years because it has been hard to get good first hand information on banking in the DR and I did not know anyone who had opened an account. Some threads I've seen about banks seem out of date so I am asking my fellow DR1ers for help based on their recent experiences. I know everyone will have their own favorite, but all suggestions, comments, and ideas will be used to help me make a decision. Thanks.
bob