Dominican Bank Accounts

MLR

New member
Jan 23, 2014
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Has anyone had any experience putting large sums of money in a dominican bank account? Any stories of people having trouble accessing their money or losing it because of a DR bank?
 

Hernandez

Banned
Feb 9, 2009
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I don't see any problems now... but before next elections if PRD candidate has good chances to win, it's better to withdraw everything.
 

waytogo

Moderator - North Coast Forum
Apr 3, 2009
6,407
580
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Santiago DR
Been banking with Popular for 8 years and not 1 problem............
This includes the "Green" Dollar savings Book, and their Visa credit card...........
I have monies transferred from the states every month and service has been fast and efficient.......
Every year they have doubled my Visa credit limit............pay off balance in full every month......
Would never consider leaving for another banking institution here.............

B in Santiago
 

william webster

Platinum
Jan 16, 2009
30,247
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most reasons are for taxes - if it makes interest, it might be taxed

current situation is that non-RD income is not taxed