International Money Transfer - US/CAN to DR

NanSanPedro

Nickel with tin plating
Apr 12, 2019
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Boca Chica
yeshaiticanprogram.com
The last time I checked Remitly's fees were almost a year ago, so maybe they've gone down(?). On some reviews, I read complaints about the money taking a long time to arrive.
I've not had an issue with that. However when sending $ to Haiti, they have dropped unitranfer (or unitransfer has dropped them), and CAM is the only option. It doesn't matter to me which one they use.
 

JLSawmam

Newbie
Sep 8, 2018
228
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The last time I checked Remitly's fees were almost a year ago, so maybe they've gone down(?). On some reviews, I read complaints about the money taking a long time to arrive.
The one and only time I used them was a couple years ago and it took a month for the transfer. I don't recall why now, but suffice it to say that was enough for me.
 
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cavok

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Jun 16, 2014
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The one and only time I used them was a couple years ago and it took a month for the transfer. I don't recall why now, but suffice it to say that was enough for me.
W.U. is only good if you're sending from your bank or a W.U. location and specify pickup in USD at a W.U. location here. If you select pickup in DOP, their exchange rate is terrible.
 
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JLSawmam

Newbie
Sep 8, 2018
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1716056290783.png

Remitly has a great promotional rate for new customers, as you can see in this example. However, today's standard rate is only 57.22, not 58.something.
 

El Hijo de Manolo

It's outrageous, egregious, preposterous!
Dec 10, 2021
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Dominican Republic
What is "CE"? Where is the money you send coming from - credit card, debit card, bank account?
All of the above. I just assumed most folks do. Who would go stand on line at Janets or any remittance facility location in this day and age? Remitly isn't a location or a bank. WU falls under a different catagory because they are a bank as well.

CE is Caribe Express
 

cavok

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Jun 16, 2014
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All of the above. I just assumed most folks do. Who would go stand on line at Janets or any remittance facility location in this day and age? Remitly isn't a location or a bank. WU falls under a different catagory because they are a bank as well.

CE is Caribe Express
CaribeExpress is almost always a mob scene and the employees are very slow. It's the last place I go in emergencies only to change dollars. I rarely wait long in Janet's and Ruamar is almost always empty.

Are you sure you can link your US account to Remitly? That didn't used to be available anyway. You said "all of the above". Unless you happen to have one of the few debit or credit cards, you are really getting ripped-off that way. A typical cash advance fee for debit or credit cards is 3% to 5%. Interest rates on cash advances are 19% plus Prime(about 5%, so 24% or more!

So, on your $1000 transfer, you're paying $30 to $50 cash advance fee plus, 24% interest(2% monthly), so another $20 in interest if you pay it off immediately. $50 to $70 in fees to send $1000 really sucks IMO.
 
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cavok

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Jun 16, 2014
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View attachment 9061
Remitly has a great promotional rate for new customers, as you can see in this example. However, today's standard rate is only 57.22, not 58.something.
See my post #93. Local exchange rate here is now about 1 peso higher, so that's 2000 pesos lost on the exchange rate. If you don't have one of the few no cash advance fee cards, you're going to get really hosed on top of the 2000 peso exchange rate loss.
 

El Hijo de Manolo

It's outrageous, egregious, preposterous!
Dec 10, 2021
4,269
2,794
113
Dominican Republic
CaribeExpress is almost always a mob scene and the employees are very slow. It's the last place I go in emergencies only to change dollars. I rarely wait long in Janet's and Ruamar is almost always empty.

Are you sure you can link your US account to Remitly? That didn't used to be available anyway. You said "all of the above". Unless you happen to have one of the few debit or credit cards, you are really getting ripped-off that way. A typical cash advance fee for debit or credit cards is 3% to 5%. Interest rates on cash advances are 19% plus Prime(about 5%, so 24% or more!

So, on your $1000 transfer, you're paying $30 to $50 cash advance fee plus, 24% interest(2% monthly), so another $20 in interest if you pay it off immediately. $50 to $70 in fees to send $1000 really sucks IMO.
I don't pay any cash advance fees idk what you're talking about. I've repeated this several times idk what the issue is? You "can" select any payment source. I mostly use bank account and PayPal as I have income via that channel. I haven't set foot in any money location in years. Just as Sawman above indicates. If you don't have a US bank account then it doesn't apply. Anyone that goes into WU or CE on foot to send money is obviously going to get raked over the coals. I can't even recall what your point was?
 

Big

Well-known member
Apr 24, 2019
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All of the above. I just assumed most folks do. Who would go stand on line at Janets or any remittance facility location in this day and age? Remitly isn't a location or a bank. WU falls under a different catagory because they are a bank as well.

CE is Caribe Express
Man, I still can't get my mind around all the people that stand in bank lines. Belle Vista Mall is full of banks and people standing in bank lines. ALL the ladies are dressed nicely. I enjoy my coffee and "window shopping" the ladies.
 

JLSawmam

Newbie
Sep 8, 2018
228
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If using Caribe Express to send or receive, someone has to step foot inside at some point! Personally, I've had little problems when exchanging with them in Jumbo Puerto Plata, but I avoid those "payday dates" we all know about. I've found that doing a larger wire transfer in USD to my bank and then periodically exchanging for pesos works best for me. The wire transfer has a fee of course, but then by exchanging locally I more than make up the difference than if I use Remitly or similar. Everyone's situation is different
 
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El Hijo de Manolo

It's outrageous, egregious, preposterous!
Dec 10, 2021
4,269
2,794
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Dominican Republic
If using Caribe Express to send or receive, someone has to step foot inside at some point! Personally, I've had little problems when exchanging with them in Jumbo Puerto Plata, but I avoid those "payday dates" we all know about. I've found that doing a larger wire transfer in USD to my bank and then periodically exchanging for pesos works best for me. The wire transfer has a fee of course, but then by exchanging locally I more than make up the difference than if I use Remitly or similar. Everyone's situation is different
Yes but why would you send to yourself in a location when you could send in the name of a trusted errand person? You can also cough up another dollar and they send it to your house.

with Remitly you can send anything over 500 with no fee from them. I would never want a sizeable amount in a Dominican bank. Maybe they do a Ban Inter on you when you least expect it!
 

El Hijo de Manolo

It's outrageous, egregious, preposterous!
Dec 10, 2021
4,269
2,794
113
Dominican Republic
Man, I still can't get my mind around all the people that stand in bank lines. Belle Vista Mall is full of banks and people standing in bank lines. ALL the ladies are dressed nicely. I enjoy my coffee and "window shopping" the ladies.
I'm even more amazed at the number of people that travel or live internationally and dont understand basic money movement or simple tax issues. This seems to be a recurring befuddlement for way too many posters on this site.
 
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cavok

Silver
Jun 16, 2014
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I don't pay any cash advance fees idk what you're talking about. I've repeated this several times idk what the issue is? You "can" select any payment source. I mostly use bank account and PayPal as I have income via that channel. I haven't set foot in any money location in years. Just as Sawman above indicates. If you don't have a US bank account then it doesn't apply. Anyone that goes into WU or CE on foot to send money is obviously going to get raked over the coals. I can't even recall what your point was?
Hijo, you're completely misreading my posts. If you don't pay cash fees on your credit or debit card - good for you. That is not the case for many card holders. In your post #92, you responded "all of the above" when I asked where is the money coming from - credit card, debit card, bank account?

Sawman never indicated how he sent the money(?).

I never said anything about sending money FROM W.U. here in the DR. I mentioned sending money from a W.U. location in Publix TO here. Only $8 to send $900 and the transfer is in minutes.

My point was, when sending USD from your bank account in the US and received USD at a W.U. location here, I don't think any of these services can beat W.U. It looks like maybe Remitly comes close(?).