checking account

gonebiking

New member
May 13, 2006
23
0
0
need to open a checking account in the DR as I have a condo unit there and will make life easier with the condo fees. I've been told I need certain paper work from the US.Does anyone know what that might be as I'll be in the DR in a couple of weeks. Any info will be appreciated thanks
 

Hillbilly

Moderator
Jan 1, 2002
18,945
501
113
Passport, picture ID. A letter from you bank might be nice..

Most banks here will tak a long time to process offshore checks. As long as 30 working days or more! So, you might want to open the account with cash drawn from your debit card....

HB :D:D
 

samsbar

New member
Jun 30, 2005
115
0
0
Also check for minimum account balance requirements to avoid monthly service charges
 

DavidZ

Silver
Aug 29, 2005
3,512
238
63
www.vipcigartours.com
The only document required from the US besides your passport is a letter from your bank, preferable addressed to the specific bank here you will be banking with, stating how long you have been a customer and that your account is in good standing. Scotia BAnk, for some reason, also requests that the bank includes in the letter, your profession in the states... but it's not necessary. Definitely check on the minimum balance and the number of checks allowed per month, and whether they offer bill pay and other online services. It varies from bank to bank. Other than that, it's pretty straight-forward. Just be prepared for pretty much any transaction, even a simple deposit, taking at least 15 minutes at the teller window!
 

jackieboo

On Vaction without a return ticket!
Mar 18, 2006
362
0
0
I just opened two checking accounts in the DR last week.

First I went to Scotiabank and since I didn't have the 'original' letter from my bank they wouldn't open an account for me. Make sure that if you go to Scotia that the letter you have from your bank is the original with a stamp. For some reason the Dominican's love things stamped.

Since I had bought a property from Century 21, the lawyer there was able to act as a reference for me at Banco Leon. Very nice people and they give you your debit cards right there while you're opening the account.

The DR is a cash kind of place so don't count on using checks. If you do there're fees associated to these checks and it seems to be a real pain in the AX.

To open the account you're probably best to carry travelers checks.

Hope this helps.

Jack
 

gonebiking

New member
May 13, 2006
23
0
0
thanks to all who responded and gave the helpful info on opening a checking account. thanks again . will be in the DR for two weeks beginning 08/02/06 in the Cabarete area and hopefully can buy you a drink.