Exchanging Large US Bills?

Meemselle

Just A Few Words
Oct 27, 2014
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As the biggest denomination of pesos is $2K.....and nobody ever has change for anything less than $500....it is a major pain in the rectum. However, it has made me friends with all of the chain/chain gangs in my neighborhood.
 

Meemselle

Just A Few Words
Oct 27, 2014
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389
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Simple solution: don't bring large denomination US bills. You're better off with a sh*t ton of $20s or $50s.
 

Goodwrench708

New member
Nov 1, 2015
23
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Bring your cash in 20s....nothing bigger
Make sure the bills are perfect....no writing...no tears....no pieces missing*
Best place to exchange is Western Union....give the current rate...no charges
Bring your passport*
 

irishpaddy

Bronze
Sep 3, 2013
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and make sure there is no writing on the bill ...banks will not accept a bill with anything written by someone on it
 

keepcoming

Moderator - Living & General Stuff
May 25, 2011
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Advice from my family members who travel here frequently...carry smaller bills, 20's, etc....keep some larger bills aside for the "just in case". Only change what you need. Again as others have said currency needs to be in "good condition".
 

LTSteve

Gold
Jul 9, 2010
5,449
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We will be arriving in the DR next week. Planning on bringing USD and exchanging them at casas de cambio as we visit. A couple questions:

1) Will a casa de cambio accept a large bill ($100 USD) or should I bring $20 USD denominations?
2) How much better is the exchange rate at an ATM vs casa de cambio?

Thanks!
Mike

If you are only here on vacation for a short period of time than DO NOT bring a lot of cash, or big bills If you want to bring cash make it $20 bills. Use the ATMs and pay whatever fee you have to. Having a lot of cash in the DR is not a good idea, especially for tourists. Do not exchange money at the airport kiosk. They charge you a high fee for the exchange. Also if you plan on using a credit/debit card make sure you notify the company involved that you will be using the card in the DR. Good luck and good travels.
 

Jaime809

Bronze
Aug 23, 2012
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That never happened to us, but one time they took almost $500 from my checking account and gave me no pesos. *My bank eventually got it straightened out, but it was aggravating*

Had a Banco Popular machine eat my card and demagnetized the strip in the process.
 

Blueceo

Member
Nov 1, 2015
192
22
18
If you bank with Bank of America in the States then you can go to any ATM at Scotiabank and they waive the fees. The exchange rate is always very good as well. This is one of the safest ways as you then don't have to bring a lot of cash down here and can just go to the ATM when you need some pesos. Also, I have never had problems changing $100 bills here in the DR as long as they weren't damaged or torn and that goes for any casa de cambio.
 

chico bill

Dogs Better than People
May 6, 2016
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Bring lots of 100 bills because they'll go quick if you want to do anything other than sit in the hotel room

Sent from my HTC One A9 using Tapatalk
 
Aug 6, 2006
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The best rates I have found are at the Caribe Tours bus station in SD.


Changing $20's is easier than changing $50's and $100's.
 

bigbird

Gold
May 1, 2005
7,375
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The best rates I have found are at the Caribe Tours bus station in SD.


Changing $20's is easier than changing $50's and $100's.

Just curious, how much better is Caribe Tours compared to a casa de cambio? Is it really worthwhile let's say for a tourist staying in la zona SD to cab it to and fro?
 

DR Solar

Bronze
Nov 21, 2016
1,626
365
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That's a lot of advise above! Wow! Take what works and leave the rest. It REALLY is not a big deal as long as you filter thru it.

U.S. $100. can be changed safely as long as you don't flash and do a few at a time as needed with extra to spare should not be a problem.

Bring your cash and you will be fine. Really... you will be fine.
 

RonS

Bronze
Oct 18, 2004
1,457
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Bring lots of 100 bills because they'll go quick if you want to do anything other than sit in the hotel room

I totally agree. There is a big difference in spending in the capitol and in some other parts of the country. $100 bills are fine in the capitol, not so much in other places where $20 bills are better. I arrive in the capitol and don't even think about exchanging money at SDQ. I pay the taxi in USD, check into my hotel, and go to the casa de cambio and exchange a few hundred into pesos. When I run out, I get more. After my first few years in the DR I completely stopped using their ATMs. When I leave the capitol with enough pesos to get by for a few days and go to the casa de cambio at my next destination. I have not a problem with 100 bills on the North Coast either. I haven't had a problem since I stopped using ATMs which have eaten my card, cloned it, and caused major challenges for me over the years. Hold on to some $20s and even a few smaller USD, but don't worry about using your C-Notes. Use a reputable casa de cambio and you'll be fine.
 

DR Solar

Bronze
Nov 21, 2016
1,626
365
83
I totally agree. There is a big difference in spending in the capitol and in some other parts of the country. $100 bills are fine in the capitol, not so much in other places where $20 bills are better. I arrive in the capitol and don't even think about exchanging money at SDQ. I pay the taxi in USD, check into my hotel, and go to the casa de cambio and exchange a few hundred into pesos. When I run out, I get more. After my first few years in the DR I completely stopped using their ATMs. I leave the capitol with enough pesos to get by for a few days and go to the casa de cambio at my next destination. I haven't had a problem since I stopped using ATMs which have eaten my card, cloned it, and caused major challenges for me over the years. Hold on to some $20s and even a few smaller USD, but don't worry about using your C-Notes. Use a reputable casa de cambio and you'll be fine.

What?
 

DR Solar

Bronze
Nov 21, 2016
1,626
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was I speaking Swahili?

Ya. What's the currency in Swahili land? The rest of us are in the Dominican Republic and best to exchange into the local Peso's and understand the value. The more times you go to exchange the more you loose.

As I said. Take what works and leave the rest.
 

RonS

Bronze
Oct 18, 2004
1,457
65
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Whenever I post, and that is not as often now, I try to give the original poster, particularly those who have never been to the Dominican Republic, the benefit of my experience as a visitor. And I always hope, that whatever I present here will be helpful.
 
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bigbird

Gold
May 1, 2005
7,375
163
0
I totally agree. There is a big difference in spending in the capitol and in some other parts of the country. $100 bills are fine in the capitol, not so much in other places where $20 bills are better. I arrive in the capitol and don't even think about exchanging money at SDQ. I pay the taxi in USD, check into my hotel, and go to the casa de cambio and exchange a few hundred into pesos. When I run out, I get more. After my first few years in the DR I completely stopped using their ATMs. When I leave the capitol with enough pesos to get by for a few days and go to the casa de cambio at my next destination. I have not a problem with 100 bills on the North Coast either. I haven't had a problem since I stopped using ATMs which have eaten my card, cloned it, and caused major challenges for me over the years. Hold on to some $20s and even a few smaller USD, but don't worry about using your C-Notes. Use a reputable casa de cambio and you'll be fine.


was I speaking Swahili?

I don't think so. I understood you quite well. I have often said la capital and the north coast are like two different countries. I wouldn't see a problem at all going to ANY casa de cambio in la capital with $100 USA notes. I do see there might be a problem in a small casa de cambio on the north coast or rural areas.

Also trying not to use the ATMs is a good thing. It wasn't that long ago the ATMs didn't charge a fee. I would use my PayPal card and only pay $1 total for a withdrawal. Now many of the DR banks are charging 195 pesos plus any home bank fee to make a withdrawal. That can really add up as a lot of banks limit you to 10,000 pesos and some restrict you to 2,000 pesos.