I HATE the Dominican Republic

[drescape24]

So far I haven't had an issue with Banca Santa Cruz on Sosua. I have withdrawn money from my account without my pasport by using my picture on file. They have you ask you to rewrite my name. I always shorten my name. I can transfer money to my property managers account while I am in N.J. But I have never tried to cash a personal check.
Has anyone used A Dominican Banks web site to transfer money to N.A.?

drescape24

 

[Mauricio]

The best time as this is when Dominicans are mostly home eating their noonday meal.

I never tried that time, since all employees who are on their break go to the bank as well. The rain moment worked for me though! But actually I'm doing 90% by Internet banking. I'm waiting for banco popular to offer the possibility to send pesos to my euro account online and I'm not going to the bank anymore.

 

[bronzeallspice]

I never tried that time, since all employees who are on their break go to the bank as well. The rain moment worked for me though! But actually I'm doing 90% by Internet banking. I'm waiting for banco popular to offer the possibility to send pesos to my euro account online and I'm not going to the bank anymore.

If you ever decide, give it a try. It's not as crowded as the majority of Dominicans run errands in
the early morning hours and mid afternoon as they like to be home to cook or eat their meals.

 

[caribeman]

I rarely play counter point...but I will. Many things in the country I can find exasperating. My own bank - Scotia - is far and away better than any dealing I had(past tense) with Bank That Ate America. However, my dealings with others including largely Popular - I detested and often walked out - everything from fees, requests, demands, sheer ignorance in service, attitude etc..

However, my little Scotia is largely friendly( tho often VERY busy), on point with figures, never lost a penny in 3 years and will often at least try to accommodate when I am frustrated by a banking policy.

My 2 pesos worth... Hope your banking life improves here...

 

[keepcoming]

Sorry guys...I have had an account with Banco Popular for quite awhile and "knock on wood" I have never had a problem. I go in do my business and leave. No issues no frustration.

 

[william webster]

I never tried that time, since all employees who are on their break go to the bank as well. The rain moment worked for me though! But actually I'm doing 90% by Internet banking. I'm waiting for banco popular to offer the possibility to send pesos to my euro account online and I'm not going to the bank anymore.

that's sort of the point -- the banks cut the tellers in half b/c there's so little business..... great time to do the banking.

ATM's confound me at times.
In my area, Cabrera & RSJ, they dish out 10,000 at a time but if I pass thru Cabarete at Scotia they limit it to 5,000 per withdrawal.
That must be to raise the fee income -- $2-3 every hit for the tourists.

 

[bronzeallspice]

that's sort of the point -- the banks cut the tellers in half b/c there's so little business..... great time to do the banking.

ATM's confound me at times.
In my area, Cabrera & RSJ, they dish out 10,000 at a time but if I pass thru Cabarete at Scotia they limit it to 5,000 per withdrawal.
That must be to raise the fee income -- $2-3 every hit for the tourists.

Even if employees do go during their break it is still less crowded. That is the time that I have
always chosen to do my transactions. Or WAIT until there is a down pour because a little rain will not stop Dominicans, they simply use umbrellas.

 

[william webster]

Actually, I dispute the rain theory.

Many a day, I have seen the locals scurry into the bank to get out of the rain....
Good time to avoid the bank

Anyway, that's what makes horse racing -- different viewpoints.

The banks are so good today, you rarely need to go inside one.
Wire $$$ in, convert to DRP, and withdraw at an ATM

That's what I do mostly.

 

[Criss Colon]

Maybe we should all just be thankful that we have a reason to visit a bank, we have MONEY!!!!!!!
CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC

 

[william webster]

there you go.....good boy

 

[Mauricio]

Even if employees do go during their break it is still less crowded. That is the time that I have
always chosen to do my transactions. Or WAIT until there is a down pour because a little rain will not stop Dominicans, they simply use umbrellas.

Nah..Dominicans think that even one drop of rain dripping of the tip of their umbrella will give them gripe.

 

[Mauricio]

Actually, I dispute the rain theory.

Many a day, I have seen the locals scurry into the bank to get out of the rain....
Good time to avoid the bank

Anyway, that's what makes horse racing -- different viewpoints.

The banks are so good today, you rarely need to go inside one.
Wire $$$ in, convert to DRP, and withdraw at an ATM

That's what I do mostly.

I wire USD, but to a pesos account, to avoid the hassle of needing to go to a bank to sell them the dollars from my account to deposit them on our pesos account. Are you converting to DOP online? I had three accounts opened, pesos, dollars and euros and hoped I could convert them online between each other, but according to a bank official it can't be done. (and I never tried though).

 

[bronzeallspice]

Nah..Dominicans think that even one drop of rain dripping of the tip of their umbrella will give them gripe.

To each his own, as you tend to generalize. If that's the case, then streets are completely empty when it rains. In the tropics.

 

[william webster]

I wire USD, but to a pesos account, to avoid the hassle of needing to go to a bank to sell them the dollars from my account to deposit them on our pesos account. Are you converting to DOP online? I had three accounts opened, pesos, dollars and euros and hoped I could convert them online between each other, but according to a bank official it can't be done. (and I never tried though).

yes, Progreso allows that exchange/conversion between accounts on line

I posted my rate the other day and it was very favorable

it's very easy

 

[Mauricio]

yes, Progreso allows that exchange/conversion between accounts on line

I posted my rate the other day and it was very favorable

it's very easy

Banco del Progreso......

 

[Mauricio]

To each his own, as you tend to generalize. If that's the case, then streets are completely empty when it rains. In the tropics.

Not in the tropics, only in DR...

 

[bronzeallspice]

Not in the tropics, only in DR...

And the DR is (in or part of) the tropics.:classic:

 

[Mauricio]

yes, Progreso allows that exchange/conversion between accounts on line

I posted my rate the other day and it was very favorable

it's very easy

I'll have to add cluelessness to Banco Popular employees as well. Just tried to make a transfer from my peso account to my euro account and it couldn't be easier. The lady that attended us when we opened the account, told is with 100% security (after explaining about 5 times what we wanted to do) that this couldn't be done. It would be necessary to come to the bank, take out the pesos, buy the euros and deposit the euros.

Now I don't need to go the bank anymore on regular basis! Thank you William Webster. I'll have even more time to post on dr1.com!

 

[william webster]

I just moved money last week to cover the paychecks on the 15th.

Push button banking from anywhere in the world.!!

de nada, senor

 

[ZC1]

I'll have to add cluelessness to Banco Popular employees as well. Just tried to make a transfer from my peso account to my euro account and it couldn't be easier. The lady that attended us when we opened the account, told is with 100% security (after explaining about 5 times what we wanted to do) that this couldn't be done. It would be necessary to come to the bank, take out the pesos, buy the euros and deposit the euros.

Now I don't need to go the bank anymore on regular basis! Thank you William Webster. I'll have even more time to post on dr1.com!

So many negaitive posts on banks and exchange houses yet does anyone stop to think about how many people attempt to scam these financial businesses? Not to mention how the USA has increased the scrutiny of these banks and forced them to take meausures to reduce money laundering and drug trafficking. Big Brother known as Uncle Sam has it's nose so far up the rear of Dominican Financial institutions that they have become parnoid. And yes let's not forget that Dominican Bank Tellers earn the equivilient of about $500 US $ a month for a 44 hour work week. I actually feel that most bank employees are extremely polite and yes there is often red tape that seems endless, especially for impatient Americans. I have received far worse service from US Postal employees who earn an average of $4,000 a month - enntry level and have a big fat pension waiting for them 20 years later. STOP complaining - you chose to leave the comforts of the familiar USA. Be thankful you are here or take a flight back.