½ûÂþÌìÌÃ

Menu
½ûÂþÌìÌÃ
Search
Magazine
Search

Best way to transfer money from US to Dominican bank account

wondering9

Any insights or opinions on the best way to transfer money from a US to a Dominican bank account?


I've seen Remitly recommended here and I think that's what I'll end up going with, but I was curious about other options, especially Wise and Xe.


My favorite (but of course fallible) AI engine, Claude.ai, says that Remitly is especially well established in the DR, would folks here agree?


Is the bank (mine is BSC for now) likely to have a preference / should I ask them?


I can live with a few days' delay if necessary and it won't be huge amounts, just enough to cover routine expenses and satisfy the residency requirement. Customer service is a high priority. (I'm currently trying to sort out a Bill Pay snafu with my US credit union, and it's really bringing home how much you need to count on people when you can't go in in person!) I gather the bigger/better-known transfer apps are all pretty similar on the security front, right?


All clues welcome.

Thanks.

See also

Banking and finance in the Dominican RepublicUSD CONVERSION TO RD PesosInternational Wires from Banco Santa CruzBANK FEES BANCO POPULARCan you deposit a US check into a Dominican bank account?
CHRISTOPHER DAVID56

@wondering9

I use Paysend and Ulink, instant transfers, extremely low transfer fees.  I DM'd you with more details.

Papito NL

I use the Western Union app. Foreign bank>Dom bank. Also low fees and fast transfers.

planner

I receive transfers on a regular basis from Remitly and it seems to work well

Semiretired

I write myself a check from my US bank dollar account to the DR bank dollar account. No fees, but between a 7 and 15 day wait.

Costa Norte

Great thread, I never thought about using Remitly or some of the other suggestions others made.  I’ll have to look into trying them.


For me I initiate online bank wires from my US bank for payment into my Dominican account.  The transfer is instant and the funds are normally available for use the day of.


There’s usually a small wire fee required, but that’s been my go to method for the past 2 and a half years.

Stacy ST

Remitly is good for smaller amounts, but they have a limit to how much money you can send (both weekly and monthly).  Check with your bank to see if you can sign up for wire transfers.  That's what I did (I have Regions).  It didn't cost me anything to add it to my account, and I can do a wire anytime for as much money as I want (well, we all know there is a $10K limit before they notify Uncle Sam so I usually do not send more then that unless I have a legitimate reason to give to the IRS if they come calling).

Bank accounts for expats
Discover the best international banks to manage your money securely.
planner

Wise works very well from US to DR.  The fee depends on the amount.  First transfer takes a few days, after that 24 to 48 hours