Banking in DR

StanR · 2017-03-28T17:24:38+02:00

Explore options for opening a Canadian dollar account with Santa Cruz bank in the Dominican Republic. Find user experiences and tips here.

StanR Serial expat

Member since 09 September 2015

StanRSerial expat28 March 2017 15:24:38

337

Is it possible to open a account with Santa Cruz bank in Canadian dollars. I am in Canada now and cannot reach the bank to ask. I have a account with that bank but a US dollars account and Peso account.
Thanks

Bob K VIP Member

Member since 25 June 2007

Bob KVIP Member29 March 2017 10:14:47

7675

I believe they only have USD and Peso accounts.

Bob K

planner Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert29 March 2017 10:45:42

17467

Agreed. I dont know any bank that has Canadian dollar accounts.

RAMDADDY Active member

Member since 16 October 2016

RAMDADDYActive member29 March 2017 12:04:42

Stan. you can send Canuck bucks. They will be converted into Pesos.
Not sure my comment helps.

StanR Serial expat

Member since 09 September 2015

StanRSerial expat29 March 2017 14:09:49

337

Thanks all for the info. I thought that this would be the case, just wanted confirmation.

thecolonel Banned

Member since 06 November 2015

thecolonelBanned29 March 2017 17:01:46

558

Stan, why not just have a Scotiabank accnt in canada, and withdraw here, with no charge?

StanR Serial expat

Member since 09 September 2015

StanRSerial expat29 March 2017 17:26:28

337

Actually I already have a Scotia acct in Canada. The issue I have is I will be聽 working in Mexico and I want to avoid sending my pay to a Canadian bank.

Bob K VIP Member

Member since 25 June 2007

Bob KVIP Member29 March 2017 19:10:05

7675

Maybe I am missing something here (very possible at my age) but I don't understand why an account here if you are in Mexico.聽 You do know the pesos in Mexico is a different currency then the Peso here?聽 Maybe I need more coffee

Bob K

StanR Serial expat

Member since 09 September 2015

StanRSerial expat29 March 2017 19:24:22

337

Yes Bob, have a coffee and connect the dots. Being a Canadian who has now made DR my country of residence for ___ _______ and is now working (not a resident of) in Mexico. Working for a Canadian company (CND $) sending my pay to ???.聽