ACH to a Dominican Bank

[reilleyp]

Is it possible to transfer dollars via ACH to the Dominican Republic? Not a wire transfer. An ACH where you just need a routing number and the bank account number, and you send the money via ACH and the receiver has it at no cost in about two days.
I saw a video which showed Banreservas' routing number on Youtube, but I am not sure if that was for a dollar account or just peso. Their website only shows wiring instructions with the SWIFT code, etc.
I found BancoPopular's routing number, but I have the same questions regarding that. Is that just for internal transfers in pesos, or can it handle larger amounts from overseas.

 

[johne]

I'm confused about what you are trying to do. ACH generally is about paying debt you have and paying in agreement to that debt.

 

[reilleyp]

I'm confused about what you are trying to do. ACH generally is about paying debt you have and paying in agreement to that debt.

It can be used to pay a monthly bill, but also to move money from one person to another. Basically, it is the same as writing a check, (cheque) but without the paper part, just the numbers on the lower left.
From the internet;

An ACH transfer is any movement of money from one bank account to another over the Automated Clearing House (ACH) network. This includes everything from person-to-person transfers and bill payments, to direct deposits from employers or the government. The ACH network spans roughly 11,000 financial institutions across the United States.

There are two kinds of ACH transfers:

1. ACH debits are requests for the ACH network to "pull" money from an account that the requestor doesn't control, such as an auto-bill payment.

2. ACH credits are requests to “push” money from the requestor’s account. This is the case for payroll or government benefit programs (often referred to as “direct deposits”).

ACH transfers were created to counter the hassles of the paper check, offering an easy and inexpensive way to move money with just a few pieces of information (name, bank account number, and bank routing number). Today, roughly 94% of American workers receive their pay via the ACH network.

 

[johne]

It can be used to pay a monthly bill, but also to move money from one person to another. Basically, it is the same as writing a check, (cheque) but without the paper part, just the numbers on the lower left.
From the internet;

An ACH transfer is any movement of money from one bank account to another over the Automated Clearing House (ACH) network. This includes everything from person-to-person transfers and bill payments, to direct deposits from employers or the government. The ACH network spans roughly 11,000 financial institutions across the United States.

There are two kinds of ACH transfers:

1. ACH debits are requests for the ACH network to "pull" money from an account that the requestor doesn't control, such as an auto-bill payment.

2. ACH credits are requests to “push” money from the requestor’s account. This is the case for payroll or government benefit programs (often referred to as “direct deposits”).

ACH transfers were created to counter the hassles of the paper check, offering an easy and inexpensive way to move money with just a few pieces of information (name, bank account number, and bank routing number). Today, roughly 94% of American workers receive their pay via the ACH network.

OK. I sent a large sum of money from an account in the states to a bank in SDQ last week with no more than a phone call and a photo copy of a hand written note with my signature. No fees. In dollars both ends. Thanks why I asked. It would seem thats what you want. But that's a wire. I carry with me when I travel a information sheet having the routing # for ing with to or from.

 

[reilleyp]

OK. I sent a large sum of money from an account in the states to a bank in SDQ last week with no more than a phone call and a photo copy of a hand written note with my signature. No fees. In dollars both ends. Thanks why I asked. It would seem thats what you want. But that's a wire. I carry with me when I travel a information sheet having the routing # for ing with to or from.

I am not sure exactly what you did. What is just a routing number and an account number or was there also a SWIFT code in letters involved in the transaction?

 

[windeguy]

Is it possible to transfer dollars via ACH to the Dominican Republic? Not a wire transfer. An ACH where you just need a routing number and the bank account number, and you send the money via ACH and the receiver has it at no cost in about two days.
I saw a video which showed Banreservas' routing number on Youtube, but I am not sure if that was for a dollar account or just peso. Their website only shows wiring instructions with the SWIFT code, etc.
I found BancoPopular's routing number, but I have the same questions regarding that. Is that just for internal transfers in pesos, or can it handle larger amounts from overseas.

If you are asking if you can an ACH to or from a Dominican bank from another country, I have never heard of this being possible.
No idea if anything like that is possible between banks within the DR.

Wire transfers should work and PayPal works with Banco Popular. Both for a fee.