Will a Dominican bank (Banco Progreso, to be specific) readily accept a cashier's check drawn on a US bank?
- Thread starter Victor Laszlo
- Start date
Cashier's Check
I'm sure they will, although they may make you wait a period of time until it clears, and want to give you the funds in pesos.Victor Laszlo said:
Thirty days is the period most banks make you wait to use your money although even a personal check clears in 2-3 days.Rocky said:
You may also find that change banks who know you will give you pesos cash on the spot for the checque.Escott said:
If they don't know you, they may accept someone vouching for you and the checque, or accept some collateral.
Similar to the topic
Is the Citibank branch in Santiago affiliated with the Citibank in the US if I want to withdraw or deposit funds??
Is the Citibank branch in Santiago affiliated with the Citibank in the US if I want to withdraw or deposit funds??
There are other places where you can cash cheques.
In Puerto Plata most exchange offices accepts cheques in other currencies for pesos. They don?t give out the foreign currency it?s stated in though.
I personally always cash any US cheques I get at RUSA.
They give the money directly.
In Puerto Plata most exchange offices accepts cheques in other currencies for pesos. They don?t give out the foreign currency it?s stated in though.
I personally always cash any US cheques I get at RUSA.
They give the money directly.
Citibank
As far as I know:
Citibank banks outside the US are not related to US-Citibank (they are not branches). Your Citibank Card may work at their ATM but you can't just move money form one account to the other (US to Dominican) like this was one bank. They are independent corporations and that's also the way they would be regulated by law. In other words, if Citibank in the DR would go belly up and you had money there, Citibank in the US would not be responsible.
It's still a save bank (IMO). I dealt with them in Ecuador (on above basis) and in the US too. They are not bound to disapear lightly.
You may want to check with the US based Citibank International office(s) to see if they would set up an account that would be US based but servicable through Citibank in the DR.
Hope this is of help to you.
... J-D
As far as I know:
Citibank banks outside the US are not related to US-Citibank (they are not branches). Your Citibank Card may work at their ATM but you can't just move money form one account to the other (US to Dominican) like this was one bank. They are independent corporations and that's also the way they would be regulated by law. In other words, if Citibank in the DR would go belly up and you had money there, Citibank in the US would not be responsible.
It's still a save bank (IMO). I dealt with them in Ecuador (on above basis) and in the US too. They are not bound to disapear lightly.
You may want to check with the US based Citibank International office(s) to see if they would set up an account that would be US based but servicable through Citibank in the DR.
Hope this is of help to you.
... J-D
citibank
On there website, they list the branch on calle del sol in santiago, I'll call them.
http://www.citibank.com/locations/la/do/do/santiago/santiago_br.htm
On there website, they list the branch on calle del sol in santiago, I'll call them.
http://www.citibank.com/locations/la/do/do/santiago/santiago_br.htm