Maybe , maybe not
Harpua said:
Usually when I travel overseas, I find the best exchange rate is offered through the ATM.
Does this hold in the case of DR?
Some people have reported quite satisfying rates, others have noted the following issues:
1. Lack of ATM's
2. Service fees often at both ends, negating savings and then some
3. PIN's not working
4. Cards not being returned
5. Fear of being mugged
6. Limited amounts per transaction or per day, e..g RD$2000 or so.
Frankly, I would not rely on an ATM card as my sole means of obtaining cash there for such reasons.
Visa/MC are a backup - you can get cash advances with ID at banks, at the cost of usually a fee from the issuing bank and of course interest unless you prepay the card to a credit balance.