All, need some advice here. I have been living abroad for eight years and have a house in the DR. I am now working in another country, but still call the DR home on my days off.
I have been banking with the same USA bank for 20 years. In the past I made wire transfer to various businesses in the DR. I am now buying a new car and sent in my new wire transfer request. The bank came back and said that under the Frank Dodd Act, I now have to come in the bank "in person" and sign the request. However, since I have sent money to my BanReservas account before Frank Dodd (who is this prick, anyways) they can do that wire transfer. Thats a fallback, but I am not in the DR and it takes a week to get your funds released.
Anyone have a similar experience or a work around?
Thanks
I have been banking with the same USA bank for 20 years. In the past I made wire transfer to various businesses in the DR. I am now buying a new car and sent in my new wire transfer request. The bank came back and said that under the Frank Dodd Act, I now have to come in the bank "in person" and sign the request. However, since I have sent money to my BanReservas account before Frank Dodd (who is this prick, anyways) they can do that wire transfer. Thats a fallback, but I am not in the DR and it takes a week to get your funds released.
Anyone have a similar experience or a work around?
Thanks