Bank transfer from BHD to BanReserva

Uzin

Bronze
Oct 26, 2005
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I had a problem with a transfer a few days ago. On the BHD website I went to transfer to a local guy's account on BanReserva.

Got a copy of BanReserva receipt I was sent to for info, Name, Cuenta: xxxxxx on it, was told is "Cuenta de Ahorra", cédula photo was given to me.

So selected Banco de Reserva...., selected Nacional option , selected Cuenta de Ahorra", entered the account number in "Número de productos" (was that corrrect? ).

Then entered name exactly as on receipt given, then cédula number. Then it immediately said cedula number not valid. Checked many times, then noticed on cedula it says cedula expired May 2024. So I thought that's why, but I'm amazed bank checks cedula expiration...!

So here I did a stupid thing, I selected passport, instead of cédula, and left the number on the box (cedula number). It allow me to procede, then selected a country, no idea what, DR was not available because I selected passport as ID, I thought I will just get a refusal, and I just sent a 500p to see what happens...

To my surprise, no error at all, money went through, and so far has not returned. I ask the recipient and he has not received it either...!!? It was my mistake but who they delivered the money to...? After all the account number was right, or "Número de Productos" means something else...?

Anyway don't they check the name with account number...? In other countries nowadays they always check account number and name before any transfer... 🤔
 

josh2203

Bronze
Dec 5, 2013
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Anyway don't they check the name with account number...? In other countries nowadays they always check account number and name before any transfer... 🤔
As per what I know, not true in the EU at least. Since late last year, they are now putting in effect a law EU wide that mandates the banks to compare the IBAN with the account holder, but previously, as far as I know, this has at least in Europe not been the case. Not sure to which locations you're referring to with "other countries"...

Based on my experience, I would have gone to the branch of BHD, had the recipients information at hand and had a clerk do that and demanded a receipt. That's the way I carried out a number of international transfers with Banreservas years ago, without any problems. I hope your transaction goes fine and is just delayed, otherwise I can imagine trying to resolve that might be fun...
 

JLSawmam

Happy on the North Coast
Sep 8, 2018
704
536
93
It seems that this is not an international issue, rather a transfer from one DR bank accountholder to an accountholder in a different DR bank. I have done many of these transfers, as I'm sure most on DR1 have done too. I can only speak from my experience with Banco Popular - if I wish to transfer to a different DR bank account, I need the account number and the cedula or passport number of the accountholder. I create a new "beneficario" with that information, and in doing so the system then gives me the name of that person and asks me to verify all the information. And then, about 10 minutes later, I receive a message that I may now transfer to that account. Future transfers to that account do not need the same verification. So, not knowing BHD's process, I have no idea how the OP managed to make a 500 peso transfer as described.
 
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josh2203

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Dec 5, 2013
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It seems that this is not an international issue,
From BHD to Banreservas, that would definitely not be an international transfer, only said that as a point that when I have done those, in case of any doubt, I have gone to the branch and had the clerk do it. Same thing with any other transfer-related stuff, whether or not international. I have also done one Banreserva account to another, but not from one bank to another. As also said, I'm sure many on DR1 have though...
 
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Uzin

Bronze
Oct 26, 2005
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Yes, it was a local BHD to BanReserva transfer. I have done a few bank transfers via BHD before, with no issue. Only this one seem to have a problem..., and I'm not in DR right now, using the BHD website, otherwise believe me I would probably get cash and hand it over, far easier...! 🙄

In UK the last year or two, when create a beneficiary and give sort code and account number and name, it first verifies the name, if not match it will say so. Then we can carry on if we like.

As mentioned maybe it's just delayed because I selected passport instead of cedula, and put cedula number there, that must get at least 5 of those supervisors scratching their head...!!!!?
 

DrNoob

Active member
Aug 10, 2024
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Cabarete, DR
Yes, it was a local BHD to BanReserva transfer. I have done a few bank transfers via BHD before, with no issue. Only this one seem to have a problem..., and I'm not in DR right now, using the BHD website, otherwise believe me I would probably get cash and hand it over, far easier...! 🙄

In UK the last year or two, when create a beneficiary and give sort code and account number and name, it first verifies the name, if not match it will say so. Then we can carry on if we like.

As mentioned maybe it's just delayed because I selected passport instead of cedula, and put cedula number there, that must get at least 5 of those supervisors scratching their head...!!!!?
It is called Confirmation of Payee in the UK. It is great and is aimed at preventing mistakes and fraud
 
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