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  1. #1
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    Default What Bank you trust more?

    If any of the 2:

    Banco Popular

    or

    Banco de Reservas?

  2. #2
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    Piggy bank. all others deserve no trust

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  4. #3
    Poll's Forum Moderator
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    Popular is the best Dominican bank. Every year they are recognized as one of the best and most well managed banks in Latin America. They are also the largest bank with branches in so many places that you are never far away from one.

    Banreservas was founded by Trujillo, its owned by the government and is one of the few truly successful state owned companies. I say that the day you hear that Banreservas has failed is the day you can count that the DR itself is done.

    Another bank I trust is Leon, mostly because the owners are some of the most serious business people in the country, but a few months ago there were rumors that they wanted to get out of the banking business. I don't know what has happened since then.

    There are other small banks that have good reputations, such as Santa Cruz, but their problem is that they don't have many branches. If you are frequently travelling, this could be a problem.

    And then there are banks like Peravia that I wouldn't go near under any circumstances. Sketchy owners and all of that.

    Polls Forum Moderator

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  6. #4
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    Quote Originally Posted by NALs View Post
    Popular is the best Dominican bank. Every year they are recognized as one of the best and most well managed banks in Latin America. They are also the largest bank with branches in so many places that you are never far away from one.

    Banreservas was founded by Trujillo, its owned by the government and is one of the few truly successful state owned companies. I say that the day you hear that Banreservas has failed is the day you can count that the DR itself is done.

    Another bank I trust is Leon, mostly because the owners are some of the most serious business people in the country, but a few months ago there were rumors that they wanted to get out of the banking business. I don't know what has happened since then.

    There are other small banks that have good reputations, such as Santa Cruz, but their problem is that they don't have many branches. If you are frequently travelling, this could be a problem.

    And then there are banks like Peravia that I wouldn't go near under any circumstances. Sketchy owners and all of that.
    Precisely said.

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  8. #5
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    This is based on completely subjective personal experience: Popular has more modern mechanisms but the customer service at BanReservas is more personalised.

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  10. #6
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    BanReservas. As Popular will always find a way to make you pay hidden fees, here and there...

  11. #7
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    Everyone has different ideas and needs from a bank.

    ScotiaBank will be the powerhouse in the country in terms of fiscal/financial responsibility and is a multi-country bank.
    One of Canada's five.
    Been in the Caribbean for over 90 years.

    I use both Progreso and Scotia.... the Progreso decision was based on branch access and ease and familiarity with the staff.

    Fees? They all have fees

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  13. #8
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    Banreservas are easier to get loans, finance on cars etc. BP can be very slow and I've had a bad experience with them, although still use them.
    If I was looking to get financed in future BR all the way, for user friendly options and ease of moving money around, BP.

  14. #9
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    Never had an issue with Banco Popular in 15 years.

  15. #10
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    1) Scotia Bank 2) Leon 3) Progresso(preferred relationship working with AMEX)

    Worked with 1 and 2. All good. Worked with #3 by way of US prepaid AMEX card

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