Anyone knows the swift code fo Banreservas? The one from the bank is wrong and online from the swift website is wrong as well.
Last time I needed a large amount of money in the DR, I deposited a US check, and the people had to wait almost one month for the money. The people kept on calling me, asking what the problem was, and each time I told them that the problem was with Banreservas, not me, and I showed them proof that the money left my account, and the funds had cleared. Banreservas just refused to release the money.
This time, I decided to wire the money from Wells Fargo to BanReservas. Each day for over a week I logged onto my account to see if the money arrived, but each day there was nothing. Finally I called to Samana to find out what the problems was. I made about 10 phone calls between Samana, Wells Fargo, Santo Domingo B.R. etc. It took them three days just to find the wire. So now we are at about 10 days. Finally they told me that the money was not just going to appear there, I had to go down and sign some papers, show my passport, explain the purpose of the funds etc. Off I went to Samana and spend over an hour there furnishing all that information. Three days go by and nothing. They then informed me that I would have to show them three months of history from my US bank account, and show them were the funds came from. None of this really matters because once a wire clears, a wire clears and the money is good. Another three days go by and still nothing. More days of phone calls and emails and still nothing. I finally had to leave the country without completing the transfer of funds to the sellers' accounts. The end result was that it took nearly three to four weeks for the wire to complete, and for me to have access to the funds. They even asked me to get a letter from Wells Fargo, confirming that they sent a wire to me. Wells Fargo refused to write the letter, so I had to find the original confirmation that was printed when I wired the funds. Fortunately they accepted that.
The final blow was when I went to transfer the funds to the sellers online from the Banreservas website, they would only allow me to transfer $3,000 at a time, and three transfers per day, so it took days upon days to finally complete the transfer, because after three transfers, my account would become locked, and we would need to call to have the account unlocked to proceed with the next few dollars. What a fiasco!!! Everytime I called, Samana would tell me to call Santo Domingo, and then Santo Domingo would tell me to call Samana.
Hopefully it will go smoother for you, but I am just sharing my story in case you need the funds in a hurry.