Hello!
I'm going to Santo Domingo with the intentions of staying one year, max. I live in NY now. I just called Citibank (my bank here) and asked them if it was possible to deposit/withdraw from the Citibank in Santo Domingo... Was told no, due to federal laws prohibiting $ transfers internationally... >sigh<
My intention was to give my mother access to my account, have her deposit a coupla dollars in my account monthly that I could freely withdraw and use in DR. According to Citi, I could just withdraw $ from ATMs (which comes out in pesos) , with a max of 5 transactions before there's about a 1$ charge.
My question is:
Has anyone any experience with dollar transfers to DR ?
Is this the simplest way to do this? Retain my US Citibank account, and just withdraw from ATMs? Also, what exchange rate would be applicable? The one where you're buying pesos, or buying dollars?
Am I making any sense?
I'm going to Santo Domingo with the intentions of staying one year, max. I live in NY now. I just called Citibank (my bank here) and asked them if it was possible to deposit/withdraw from the Citibank in Santo Domingo... Was told no, due to federal laws prohibiting $ transfers internationally... >sigh<
My intention was to give my mother access to my account, have her deposit a coupla dollars in my account monthly that I could freely withdraw and use in DR. According to Citi, I could just withdraw $ from ATMs (which comes out in pesos) , with a max of 5 transactions before there's about a 1$ charge.
My question is:
Has anyone any experience with dollar transfers to DR ?
Is this the simplest way to do this? Retain my US Citibank account, and just withdraw from ATMs? Also, what exchange rate would be applicable? The one where you're buying pesos, or buying dollars?
Am I making any sense?