- Thread starter chico bill
- Start date
Wire Transfers becoming problematic
Indeed they did for 10 years. Now you will be hard pressed to find a bank or brokerage in the US that will send funds to your DR Bank.
Start preparing to stand in line and Western Union ?
That's all I do for sums over $200 because I have no bank here. If you time it right, it's not that bad. Also as an old fart, you goto the head of the line.
It's not that hard. Both Ameritrade and ETrade will wire money here as well as Wells Fargo and Bank of America. I'm sure there are others. Why do you think it will get harder and US banks won't want to wire money here?
I just transferred from my B of A account to Banreserva last night......Notified by Banreserva this morning that money is here. I do this every month. Don't understand the problem you're having
Was that accomplished straight from BoA to Reservas w/o any intermediary bank?
Did you do it from the BoA website directly or did you call this in to a BoA rep?
Spoke to B of A on the phone yesterday morning. They are the ones that explained it was the result of the newest implementation of Dodd-Frank, signed way back when Obama was president. I guess this was a ticking bomb that just went off.
Schwab bank won't do it.
Chase won't.
Merrill Edge won't
Vanguard won't.
I heard Wells Fargo won't, although I have not personally tried.
Whoever gets a US bank to do a wire transfer since mid-December please speak up. Maybe some banks have a way around?
Maybe online banks like Chime or Ally will?
It may be BanReservas has established exchange rates and fees that is reported back to B of A to comply with Dodd Frank.
I do not want to reopen a Ban Reservas account - they are too crowded.
But Banco Santa Cruz is blocked.
What did B of A charge you to transfer? Was it $30 or $45 and what did Ban Reservas charge?
Use Transferwise, problem solved.
PayPal to BPD stopped working for me 2 months ago. Finally had enough with Banco Popular.
I receive my money via PayPal, send it to Transferwise (takes 1 day, not sure because of PP or the US bank TW is using). Once arrived in my TW account I send it to my BHD US account where it arrives the same day (anything between 3 and 10 hours).
PayPal to BPD stopped working for me 2 months ago. Finally had enough with Banco Popular.
I receive my money via PayPal, send it to Transferwise (takes 1 day, not sure because of PP or the US bank TW is using). Once arrived in my TW account I send it to my BHD US account where it arrives the same day (anything between 3 and 10 hours).
I tried again this morning from B of A and while it lets you chose your recipient (myself) and enter the amount, when it gets to the bottom line for sending the "continue button" is greyed out and you are not able to proceed to the complete transaction page as before.
Now it may work for others at other banks (other than Santa Cruz), if so, I would like to here from those who are transferring money from US banks (or brokerages) and to which banks in DR.
I may need to open an account another bank or just switch banks - but I have liked Santa Cruz for several years
Now it may work for others at other banks (other than Santa Cruz), if so, I would like to here from those who are transferring money from US banks (or brokerages) and to which banks in DR.
I may need to open an account another bank or just switch banks - but I have liked Santa Cruz for several years
Why? The central bank reported yesterday highest USD reserves in known history.
I posted this before. I wire money all the time from my Ameritrade brokerage account to BSC.
Not sure what your total amount needed is, but, I assumed you can take out $1000 a day with Charles Schwab debt card, no fee, fair exchange rate. Of course if you need a LOT of money it's a big pain, but I hope to try it this month, for the first time, to take out a few $1000 withdrawals.