Hi All,
I am wondering if anyone knows of a cost effective way to transfer money to a recipient in the DR. I have no idea what fees are deducted at the banks in the Dominican, This example is for a Recipient who has a Scotia Bank account in the DR. I transfer 10 000 DOP as per Google's rate at the time, my bank charges me $6 CAD per transaction, but when the money eventually arrives in the recipients account, it is around 7 or 8 000. Does the 2000 or so DOP sound excessive?
I am wondering if anyone knows of a cost effective way to transfer money to a recipient in the DR. I have no idea what fees are deducted at the banks in the Dominican, This example is for a Recipient who has a Scotia Bank account in the DR. I transfer 10 000 DOP as per Google's rate at the time, my bank charges me $6 CAD per transaction, but when the money eventually arrives in the recipients account, it is around 7 or 8 000. Does the 2000 or so DOP sound excessive?