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  1. #1
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    Default ATM Withdrawals limited to RD$5000 per day

    My ATM card, which is a Banco Popular - Salary Debit Card set up by our company, is now limited to a maximum of RD$5,000 per day withdrawals. No exceptions even for executives.

    Are other banks doing this also?

    I heard the limit was changed from 10K to 5K to stop the prestamistas from taking out all the money from people's debit cards who had loans with them.

    This is a pain the butt, I cannot access my money. I was gonna ask them to increase it from 10K to 15K or 20K before this happened.

    To top it off, the Banco Popular machines have been down so now I have to use the Banco Leon machine, which only allows RD$2k so now I have to make 3 withdrawals of 2K, 2K, and 1K to access US$150!

    EVERYTHING THAT SHOULD BE EASY IS DIFFICULT, AND EVERYTHING THAT SHOULD BE DIFFICULT IS EASY - IN THE DR.

  2. #2
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    Default

    I guess you'll have to withdraw your money via a real person, inside the bank...if you need a large quantity.

  3. #3
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    Your lucky that you are able to take out that much, most of us at my job are limited to $3,500, and then $1,000 after 9:00pm with our Popular cards.

  4. #4
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    FernieBee, have you spent much time inside a bank here?
    If you have, then you'll know what a complete pain it can be.

    I also have Banco Popular and the new limits are ridiculous.
    Then again, the majority of people that use ATM's here take out RD$500-1000.

  5. #5
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    Luckily my account manager at Popular has confirmed that this is only a temporary situation while they are upgrading their platform, and to reduce the risks while they are undertaking it.

    How long a platform upgrade takes however is another story alltogether............

  6. #6
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    Quote Originally Posted by Robert View Post
    FernieBee, have you spent much time inside a bank here?
    If you have, then you'll know what a complete pain it can be.
    I haven't had to go inside a bank in the DR, yet. I've been able to manage with my (USA-issued) ATM cards.

    The OP's dilemma, for now, seems to have two options: 1. Accept the smaller ATM amounts mandated by Banco Popular; 2. Find another way to get your money in larger quantities.

    I sympathize with his plight.

  7. #7
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    Default Heard the Same

    A BP exec told me the same as posted in #5 above.

  8. #8
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    Default

    it is only for customers of banco popular, who use cards of banco popular.
    i took today at the ATM with my NON-banco popular card 20.000.- again in 2 sweeps(10.000.- per sweep is the usual limit per sweep, as many sweeps you wanna do til the daily limit of the card), no problem, been the same than always. but again i saw aside the machine pinned on the wall the notice of banco popular that they limited the amount for holders of banco popular cards to 3.500.- per day, and yes, as their customer i would name that a p.i.t.a. and switch the bank. on nighttime it is restricted to 1.000.- pesos, that's lousy 30 bucks, whatcha wanna do with that?
    as banco popular customers you should really go on the barricades about such unreasonable measures.
    if they think they have a security problem with their customers cards they should cancel all those cards and think about the use of a different system, for the good of their customers. if that is just about that people do not take large amounts of money at the ATMs the action would be a joke, b/c it just effects their own customers, people with cards from other providers can still take out their usual amount of money, day and night.
    and the main reason why many people carry a card around is to have that as a backup weapon on the road, for anything non expected coming up, like you get stuck with your car and need some cash to pay a cabby or such on nighttime.
    but with the nighttime limit of 1000.- pesos one can not solve much problems i guess, in some areas that would just cover the cabby fare to bring you to the next ATM, but how you get the cash to pay that cabby to bring ya home from that ATM?
    so 'on the barricades' i say
    Mike

  9. #9
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    And yet the Banco Popular machine here in the Capital would not give me more than 5000 with either my BanReservas card or my international one....
    Last edited by mountainannie; 03-19-2009 at 07:23 AM. Reason: edit

  10. #10
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    Lightbulb You can open up more than one account.........

    ...........which you should do anyway WITH ANY DEBIT TYPE CARD...........*********ESPECIALLY IN THE GOOD OLE REPUBLICA DOMINICA****
    Then use internet banking...........you keep all your money in one account and then only transfer ONLINE certain amounts of money to your second and third account / fourth account etc etc...........

    NEVER use the debit card to the first MAIN account..........LOCK THAT UP IN A SAFE.............

    We have done this with BPD / BHD / RESERVA etc.............

    If for instance I go to Santiago or SD we will always have cash on us along with ONLY Dominican Credit cards and various ATM cards IF we need any money via an ATM...........with maybe 10k or 20k peso in each.............

    If you have 3 cards and the limit is 5k you now have 15k per day, and IF the card is compromised you only have to worry about losing what's in THAT card..........and fighting to try to get it back.........


    This would be good for all accounts that are in your name..............NOT SURE if the employee account is actually your's and will appear on your internet banking since we are not working here..........

    BUT in 15 years of being here, we have NEVER lost any money via an ATM by following this procedure...........THE MAIN DEBIT CARD HAS NEVER SEE THE LIGHT OF DAY!

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