Opening a Bank Account in Sosua

[Sandu]

i am going to open a bank account next time in Sosua (hopefully soon) ....probably at Popular...i heard it can be tricky.....would like to know all the documentation i will need to bring....i am Canadian

thanks

 

[Harleysrock]

i am going to open a bank account next time in Sosua (hopefully soon) ....probably at Popular...i heard it can be tricky.....would like to know all the documentation i will need to bring....i am Canadian

thanks

I've had Scotia, Popular and Banco Santa cruz in Sosua/Cabarete, without a doubt the easiest and most user friendly was Banco Santa Cruz. I would not go back to either Popular or Scotia.

For Banco Santa Cruz you need either a Cedula or passport. If you don't have a Cedula the account needs to be set up within 30 of arriving in the Country. Need a letter from your Home bank of good standing and how long you have been with them type thing and either a person with a cedula to come sign for you or a letter from them stating how long they have known you and that you are to be a person of good character type thing.
I had the account within 2 hours. Popular and Scotia both took 3 months and they wanted ridiculous things and both of those places you need residency or in the process of residency.

 

[Bob K]

I agree Santa Cruz is an easy set up. We have been banking there for 15 years with no problems and great service.
Bob K

 

[Sandu]

i thank you for the information...thanks

 

[CristoRey]

Ban Reservas.
Piece a cake.
Life is good.

 

[JD Jones]

Ban Reservas.
Piece a cake.
Life is good.

I like Ban Reservas.... but those lines!!!

 

[CristoRey]

I like Ban Reservas.... but those lines!!!

I live in Santiago.
Probably the only time I use my gringo pass.

 

[cavok]

Easy to open an account at Banreservas, but there are long lines there almost every day at the branch in Cabarete, Easy to open an account at Banco Santa Cruz - good exchange rates, too.

 

[LionKing64]

i am going to open a bank account next time in Sosua (hopefully soon) ....probably at Popular...i heard it can be tricky.....would like to know all the documentation i will need to bring....i am Canadian

thanks

Just got mine at banco bhd. It took about a month. They have you come in and get verified than you need to wait until that is completed. The next step is to have all your documents lined up. It took about 2hours. Also I did mine in the capital.

 

[twoinsosua]

Yes, LionKing64 and I had the same experience with BHD in the Capitol.

 

[David B]

Ban Reservas.
Piece a cake.
Life is good.

Did they ask you for a letter from your bank in the States?

 

[LionKing64]

Did they ask you for a letter from your bank in the States?

Yep, A bank reference letter signed with last 3 months statements. Although, A full month had past when I started the process they had me e-mail the most recent last 3 months of bank statements.

 

[bob saunders]

I live in Santiago.
Probably the only time I use my gringo pass.

At BHD age 65 gets you in the baNK AND void the outside line, at least at my branch.

 

[AlterEgo]

At BHD age 65 gets you in the baNK AND void the outside line, at least at my branch.

Ours too.

 

[william webster]

Most banks are like that...... supermarkets too....

Always, old or crippled gets you in