Hi All,
I will be moving to the DR soon. My job is allowing me to work from home and so I will still be making a US income and have my salary deposited to a US account. I will for sure have tons of questions. The one I have now is: what is the best way to wire money each month to a DR account from the US? I asked my bank, Citibank if they have any affiliation with any bank in the DR where they can do this and they said no but they can wire for free...if you have $50K in your account--I have a loooong way to go before I get there. I asked Popular Community Bank (Aka Banco Popular) and they said the charge is $40. I'm thinking my best best is do Xoom.com but I was wondering if there is a way to do this that I may not know of since I think the max I can wire myself is $1K (not sure if it's $1K a month or not or per transaction). How do you guys do it?
I will be moving to the DR soon. My job is allowing me to work from home and so I will still be making a US income and have my salary deposited to a US account. I will for sure have tons of questions. The one I have now is: what is the best way to wire money each month to a DR account from the US? I asked my bank, Citibank if they have any affiliation with any bank in the DR where they can do this and they said no but they can wire for free...if you have $50K in your account--I have a loooong way to go before I get there. I asked Popular Community Bank (Aka Banco Popular) and they said the charge is $40. I'm thinking my best best is do Xoom.com but I was wondering if there is a way to do this that I may not know of since I think the max I can wire myself is $1K (not sure if it's $1K a month or not or per transaction). How do you guys do it?