Very fast, within a couple of hours, usually less.
We deposit into my BIL account every month (also BHD, he pays our bills when we’re not here) and they send texts when it’s sent and when it’s confirmed deposit. Both of us get the texts.
- Thread starter jimmythegreek
- Start date
It Seems Like The Peso Domincano
Very fast, within a couple of hours, usually less.
We deposit into my BIL account every month (also BHD, he pays our bills when we’re not here) and they send texts when it’s sent and when it’s confirmed deposit. Both of us get the texts.
Nah. They are under IMF pressure to do something about money laundering.
Tourism is fine.
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Does that explain all the difficulty with permanent residency?
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Taking forever to get a final date even after approval. I have my confirmation and there is a 45 day period but I'm past that and nothing yet
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Banking is changing...
I was recently asked the source of my wealth..
not for a specific purpose... my wealth wealth....
where did I get it?
No check the box - savings. investements
and they wanted it ceritified
who can certify the source of your wealth?
Luckily, my accountant is a life long friend... and could
Its the lesser of 2 evils.
If you go and pick up 4k at the bank or caribe tour, the risk is some1 sees you, or a bank employee is on the take.
Then you have to drive back home, or even worse take public transport or a taxi. So you could be robbed on the way home, or just plain followed back.
If you choose home delivery the motoconcho ( which is not a motoconcho, by the way, but a guy whos sole job is delivering money ), for large amounts ( even 500 $ is a large amount for them ) they have a former/current freelancing PN with them.
I am on my grounds, behind walls/gates when I take delivery for the money.
You will, in time, get to know the 2-3 diffrent delivery guys. They always ask 9 times if the dogs are locked up before coming in
And yes, the delivery guys could go crazy and try to rob me.
B plan is wife lets the dogs out, I run for cover emptying my clip in the process, wife blasts them with shotgun from behind the iron protection of the house, I ( or her, if i dont make it ) uses 5% of the 500 $ to pay a haitian to dig a big deep hole in the conuco
Shoot, dig, shut up.
I'd like to know how you responded to this question as
a typical Dominican response would be "none of your business"
Or just have a peso account as well and then make transfer between the two accounts once per month.
Recently I went to Scotiabank to withdraw a two weeks funds from the ATM... they only dispensed $100.dop notes up to $2500.DOP ; i needed extra to pay for some repairs .... they took $40.CDN from my account to pay for the ATM charges.
Later I went to LaSarina and there was $1000.ooDOP notes being dispensed. The next week there was only $200.DOP notes being dispensed. Once again lots of ATM charges being accumulated.
Yeaterday there was $500,DOP notes at the Supermarket. All in all the bank was collecting huge amounts of ATM fees from Canadians,Americand, and Europeans and other visitors .....
Now I can understand why.... shortage of foreign currency in RD.
Russell
Later I went to LaSarina and there was $1000.ooDOP notes being dispensed. The next week there was only $200.DOP notes being dispensed. Once again lots of ATM charges being accumulated.
Yeaterday there was $500,DOP notes at the Supermarket. All in all the bank was collecting huge amounts of ATM fees from Canadians,Americand, and Europeans and other visitors .....
Now I can understand why.... shortage of foreign currency in RD.
Russell
I use the Banco Popular ATM to withdraw up to 10,000 pesos with my RBC card. The fee is 195 pesos, which my bank in Canada refunds me, up to a certain amount per month.
There are odd here and there ATMs which do not charge this ridiculous 200 pesos fee... They are hard to find though. Maybe we could do a DR list.
....why did the Dominican banks refuse to take USA debit cards, starting last month, giving you pesos...and receiving dollars in exchange?? and at their exchange rate....they now refer you to their ATM machine, which I will not use, small limit and all that,sooo....a bank transfer from the USA, to a Dominican bank is in order...which cuts the DR out of more dollars.....Doc.....
I have seen the Cabarete ScotiaBank ATM's offer 2 different things.
2 machines , side by side, one giving more $$ than the other...
go figure.
I use Progreso exclusively now
You can now withdraw at Banreservas without a fee
Good to know! That's one of the ATH's I use most frequently. Now, if it will let me withdraw more than 2000 pesos, that would be great. I've been limited to 2000.
Check out the BHD fees to set up a second account and have online access to both. Keep minimum balance in new account, transfer $2000 pesos from main account to 2nd account every 3 months to keep both accounts active. Move funds back to main account every 3 months for balance of the year. If the fees are less than xoom exchange rate you are further ahead.
You could also try transferring to BIL's account this way also? Wire transfer from BHD to his bank?