ATMs

M

msophiac

New member
Jan 20, 2003
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Iwill be coming to the DR and staying more than a month: I hear that ATMs dont give the best exchange rate: can you get US dollars from any ATMs or only pesos, and how else does one access money while there (after Travelers checks are gone)?
thanks
madonna
 
K

Ken

Platinum
Jan 1, 2002
13,884
495
83
No US dollars from ATMs in the DR.

If you have a contact in the DR who has a relationship with one of the exchange banks, this person should be able to arrange for you to cash personal checks. That is just like exchanging dollars or travelers checks.
 
A

ArJay

New member
Jan 1, 2002
147
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I was told that the exchange rate given at ATM's is the official exchange rate. My bank charges me $5 for each transaction though. Some machines limit the amounts to 4000 pesos, others to 5000 pesos.
Traveller's checks while a good alternative, are not cashed everywhere (the popular cambio in POP will ) but I take some just in case I lose my cash, or ATM card somewhere. I think though I'd have to get some good assistance in any of the larger cities to find an American Express rep to do the refund for me.

Plus I take a few hundred cash right away to start off with.
 
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