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  1. #1
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    Default internet banking

    Hi everyone,
    Im looking for a DR bank which works the best with internet banking.
    That means to be able to check account with internet and eventually transfer money from my occount here to my account abroad...
    Which bank would you recommend...

  2. #2
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    Banco Popular is the best with Internet Banking, but unfortunately no wiring abroad by internet. You will need to go to the bank for that still.

    They have a well working site and iPhone / Android app. You'll get a key generator for security, not the best security in the world, but I haven't had any problems. The average dominican (with a bank account) brings the key generator on his keychain. But they also shout their PIN number to everyone who wants to hear it.

  3. #3
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    Default

    Whats the minimum balance to not have fees in a Popular dollar account?

  4. #4
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    Default

    ok but I need to transfer abroad...

  5. #5
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    Quote Originally Posted by shorts View Post
    whats the minimum balance to not have fees in a popular dollar account?
    usd500

  6. Likes shorts liked this post
  7. #6
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    Default

    Quote Originally Posted by Rep Dom View Post
    ok but I need to transfer abroad...
    Int'l transfers is going to be a problem. Open a checking account and write yourself a check. Takes time, but is free and painless.

  8. #7
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    You need to maintain a $500 balance and have at least 1 transaction a month. Sounds crazy but you transfer Ģ10 to your peso account and then return the same $10 to your dollar account.

    Failure to this will result in an $18 admin fee.

    Quote Originally Posted by shorts View Post
    Whats the minimum balance to not have fees in a Popular dollar account?

  9. Dislikes southern disliked this post
  10. #8
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    Progreso is a good bank but it, too, has no outbound wire feature on line.

    Actually, ScotiaBank Canada has none either, nor TD in the USA (my banks)

    Europe and some other islands offer the service.

  11. #9
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    Quote Originally Posted by jinty05 View Post
    You need to maintain a $500 balance and have at least 1 transaction a month. Sounds crazy but you transfer Ģ10 to your peso account and then return the same $10 to your dollar account.

    Failure to this will result in an $18 admin fee.
    Not for a dollar savings account at Popular. Only requisite is the USD500 minimum, you fall below and they charge you USD10 / month (you can fall below in a month without cost but have to fill it up before the end of that calendar month). No minimum transaction requirement.

  12. #10
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    I have sent quite a few wires abroad (to US and to EU) via Banreservas, and echoing others, as far as I know, only possible personally, but actually a transaction to abroad I prefer speaking personally with a clerk, for safety/security reasons. I donīt trust too much the functionality of websites here in this sense.

    I filled out a form with the clerk, it was stamped and signed in front of me, they asked me repeatedly to confirm that every detail was correct, and only then they forwarded it to Santo Domingo, which within 24 hours carried out the transaction. The funds disappeared immediately from the account, and the recipient confirmed me that they had received it always within the next 48 hours.

    I have done the following a few times recently, to save: Put pesos to a prepaid local credit card, which is linked to PayPal, send funds from that PayPal to another, which is linked to my foreign account, and withdraw the funds from that PayPal to my own account abroad.

    I havenīt yet had the time to do the exact math, but roughly, the losses are not that significant.

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