- Thread starter jerryme
- Start date
Scotia Bank CD Interest rates
I think quite the opposite. I don't think it is safe to put your money in Banco Popular nor do I think it is safe to use an atm there. Search Popular on this board and read some of the horror stories.Sanson said:
Scott
Anoeca
What interest rate is Anoeca paying on dollar accounts? Is this a national finance house or is it only found on the North Coast?
What interest rate is Anoeca paying on dollar accounts? Is this a national finance house or is it only found on the North Coast?
Safe banking and the DR do not belong in the same sentence.
While some will tell you otherwise, there is NO safe bank in the DR at this point and time. You are rolling the dice. Only deposit what you can afford to loose.
While some will tell you otherwise, there is NO safe bank in the DR at this point and time. You are rolling the dice. Only deposit what you can afford to loose.
He is based in Puerto Plata but can deliverjuancarlos said:
I have caught rides with him to Boca Chica when he had business there.Scott
I was just thinking of testing the waters with a small cd. I know nothing about the rates in DR for cd's. Can somebody post the current rates for DOLLAR cd's in DR along with minimum dollars required?
also, while surfing the web I found a website which gave a description of banking in DR. I dont live in DR and have only gone there for a weekend but am wondering based upon the opinions of those who live there and have conducted business there whether or not this is an acurate portrail of the banking situation.
http://www.thedominicanrepublic.net/Banking_Information.html is the site.
also, while surfing the web I found a website which gave a description of banking in DR. I dont live in DR and have only gone there for a weekend but am wondering based upon the opinions of those who live there and have conducted business there whether or not this is an acurate portrail of the banking situation.
http://www.thedominicanrepublic.net/Banking_Information.html is the site.
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I wouldn't do business with him. I looked at his website and he charged 500 US dollars to open up a Bank account in the DR when it costs nothing but the money you deposit. I also haven't been back to his website since.jcarn said:
Scott
I think, jcarn, you will find that this article was written BEFORE the Baninter collapse, & is thus a little dated!!jcarn said:
If you SERIOUSLY don't know, do a search using search function, type in words like Baninter, scandal, bank collapse, etc. Baninter went down in 2003 leaving a debt of 55 billion pesos, Mejia decided to repay those with large sums invested (his supporters/family etc) & voila one of the reasons for the economic mess we're in today. Subsequently, other banks were found to be having "difficulties".jcarn said:
I would keep bank deposits in the DR very small especially if you are depositing US Dollars. Baninter was the biggest bank in the country that failed because of a major fraud. The government bailed them out for the most part and is suffering because of it. Other banks in the DR were/are in trouble also. Just because it is CitiBank from the US if there is problems here in the DR like there were in Argentina and Ecuador before that you will NOT be protected.jcarn said:
Scott