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How to send money to the Dominican Republic

Take advantage of low fees and competitive exchange rates when sending money to the Dominican Republic.

If you want to send money to family or friends in the Dominican Republic, you don’t want to waste time and money on a complicated process. Sending money from the United States to Santo Domingo or anywhere else in the Dominican Republic can be simple and affordable when you compare the transfer fees and exchange rates of several options to find the best deal.

WorldRemit International Money Transfers

WorldRemit International Money Transfers

Send money to 110+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

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  • Low upfront fees and exchange rates.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.

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    Ofx Logo

    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting
    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    USD 1 3 - 5 days - - Online, Phone, Bank Account to Bank Account, Cash Transfer No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

    Case Study
    Jerry and his wife, Amanda, own a successful supplier company in the mining sector. After some research on expanding operations overseas, the couple has decided that the Caribbean will be the next setup area for a distribution channel.

    Amanda had the responsibility of comparing the services of two money transfer providers. She used $1,000 USD for her comparisons. Her findings can be seen below.

    Money transfer company AMoney transfer company B
    Exchange rate1 USD = 32.95091 DOP1 USD = 31.62453 DOP
    Transfer fee10 USD50 USD
    Amount of DOP received for 1,000 USD32,950.91 DOP31,624.53 DOP
    Transfer time2 daysMinutes
    Transfer optionsOnline, PhoneAgent
    Difference in DOP+1326.38 DOP-1326.38 DOP
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    How do I compare transfer companies when transferring money between the Dominican Republic and the United States?

    • Exchange rates. When comparing exchange rates, take note that the rates are subject to change in a short amount of time. Therefore, compare the narrowed down list of companies at the last possible moment that you are deciding which to choose for the final step.
    • Pickup methods. Cash pickup can be sent to an agent location or in some cases to a home address. If money is sent to a bank account in a foreign currency it can save costs but create delays in sending time.
    • Fees. Fees range between variables like time, method and minimum or maximum amounts. Remember that low fees aren’t everything if it means sacrificing time, beneficial exchange rates, and customer service.
    • Turnaround time. Turnaround times for the available services range from minutes to days. Cash pickup is your best bet when it comes to emergency transfers.
    • Transfer methods. If you don’t have a lot of flexibility in time, agent or phone options will be difficult. Look for companies that allow you to not only book on the phone or through an agent, but also online with a personal account.
    • Transfer options. Regular payments, once-off payments, market orders and forward contracts.
    • Minimum/maximum transfer amounts. Typical minimum amounts are around $250 USD or less. Although a company can have a $0 USD minimum, keep in mind that it might also have a lower maximum and a limit on what you can send per day.
    • Customer service. How much help will be available if you hit a snag or have a question? Are the support hours convenient?

    Foreign exchange rates explained
    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. In September 2017, the US dollar was worth approximately 47 Dominican pesos. Like most countries, the Dominican Republic’s exchange rate is flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
    Currency exchange rate for the Dominican Republic

    Ways to send money to the Dominican Republic?

    • Bank transfers. Most major banks offer wire transfers to the Dominican Republic.
    • Money transfer providers. Online providers like TransferWise and WorldRemit can help you transfer money quickly and easily. World First and OFX are both trusted partners of Finder.com and are offering Finder readers an exclusive deal of $0 in fees.
    • Transfer companies with cash pickup. Providers like Western Union and MoneyGram offer this service — your recipient can sometimes pick up the cast within minutes.
    • PayPal. You can send money abroad using your PayPal account.

    Steps to send money to the Dominican Republic

    1. Choose a provider with the fees, rates and delivery speed you need.
    2. Register with the provider providing your name, address, contact information and date of birth. A valid photo ID will also be required.
    3. Provide your recipient’s name, address, contact details and bank account information if required.
    4. Enter the amount you want to transfer and complete your transaction. Save your tracking or receipt number to follow up on the progress of your transfer.
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    Are money transfers safe?

    When processed through a reputable provider, your funds are safely tracked until in the hands of your recipient. When sending money internationally, federal protections are in place that require banks, credit unions and money transfer companies to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.


    Same-day money transfers to the Dominican Republic

    If you ever need to send an emergency cash transfer to the Dominican Republic, remember that urgent transfers can be more expensive that standard ones. Fees rise and exchange rates often fall when you send an immediate transfer. Be sure to examine the full cost of your transfer before you send it.

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    Tips for picking up cash in the Dominican Republic
    Keep the following safety tips in mind if you ever pick up a cash transfer from an agent in the Dominican Republic:

    • Make sure your wallet and bag are secure.
    • Never leave your bag or wallet unattended in a public place.
    • Don’t carry around large sums of cash – deposit the funds with a bank as soon as you can.
    • Ask a friend to accompany you and act as a deterrent to thieves.
    • Don’t publicize your cash in front of strangers.

    Cash pickup locations in Dominican Republic

    Worldremit

    BANCO BHD LEON
    Address: Av. John F. Kennedy, Santo Domingo, Dominican Republic
    Hours: 9:00 AM – 9:00 PM
    Phone: +1 809-243-3232

    BANCO PROMERICA
    Address: Av Ing Roberto Pastoriza 420, Santo Domingo, Dominican Republic
    Hours: 9:00 AM – 5:00 PM
    Phone: +1 809-732-6006

    BANCO DE RESERVAS
    Address: Calle Porfirio Herrera, Santo Domingo, Dominican Republic Hours:
    8:00 AM – 5:00 PM
    Phone: +1 809-960-4000

    Moneygram

    BANCO DEL PROGRESO
    Address: Bella Vista Mall Loc 44A Santo Domingo
    Hours: 8:00 AM – 5:00 PM
    Phone: +1-809-5667171

    BANCO POPULAR DOMINICANO
    Address: Plaza Comercial Mega Centro Ave San Vicente De Paul ESQ CARR Santo Domingo
    Hours: 9:00 AM – 5:00 PM
    Phone: +1-809-5448974

    BANCO POPULAR DOMINICANO
    Address: C Juan Pablo Duarte Frente Al Banco Reservas Santo Domingo
    Hours: 8:00 AM – 3:00 PM
    Phone: +1-809-2405252

    Western Union

    BANCO MULTIPLE VIMENCA C POR
    Address: Av Abraham Lincoln Esq J F Ke Agora Mall Santo Domingo, Dn
    Hours: 9:00 AM – 9:00 PM
    Phone: +1-809-2007380

    FARMACIA METROPOLITANA S R L
    Address: Plaza Metropolitana, Local 110 Av. Jfk – Esq. Ortega Y Gasset Distrito Nacional, Santo Domingo
    Hours: 8:00 AM – 6:30 PM
    Phone: +1-809-2007380

    FARMACIA ROSANNA I R AND S
    Address: Carretera Sanchez No 105 Centro Comercia El Portal Atala Santo Domingo, Distrito Nacional 10115
    Hours: 7:00 AM – 10:00 PM
    Phone: +1-809-2007380

    Worldremit

    BANCO BHD LEON
    Address: La Vega 41000, Dominican Republic
    Hours: 8:00 AM – 4:00 PM
    Phone: +1 809-896-7000

    BANCO DEL PROGRESO
    Address: La Vega 41000, Dominican Republic
    Hours: 800 AM – 5:00 PM
    Phone: +1 809-573-2922

    Moneygram

    BANCO UNION – #O1006 – LA VEGA – CARIOC
    Address: Calle Padre Aadolfo ESQ. Juana Saltitopa NO. 202 La Vega
    Hours: 8:00AM – 5:00 PM
    Phone: +1-809-2421242

    BANRESERVAS – #050 – LA VEGA
    Address: C/Padre Adolfo No. 24 Centro De La Ciudad/. La Vega, 41000
    Hours: 8:00 AM – 10:00 PM
    Phone: +1-809-5732989

    BANCO BHD LEON – FERRE. JOSELITO #212
    Address: Av. Rivas ESQ. Chefito Batista La Vega, 41000
    Hours: 8:00 AM – 5:00 PM
    Phone: +1-809-4762000

    Western Union

    ALAVER
    Address: Ave. Rivas No.105 La Vega, La Vega
    Hours: 8:00 AM – 5:00 PM
    Phone: +1-809-2007380

    AGENTE DE REMESAS Y CAMBIO VIMENCA SA
    Address: Avenida Gregorio Rivas 183 La Vega Multicentro Sirena La Vega La Vega, La Vega 41000
    Hours: 8:00 AM – 9:00 PM
    Phone: +1-809-2007380

    LEONEL FERNANDEZ Y ASOCIADOS
    Address: Calle Padre Adolfo Esq Manuel Ubaldo G 34 La Vega, La Vega
    Hours: 8:00 AM – 6:00 PM
    Phone: +1-809-2007380

    Worldremit

    BANCO BHD SAN CRISTÓBAL
    Address: Av Constitución, San Cristóbal 91000, Dominican Republic
    Hours: 9:00 AM – 5:00 PM
    Phone: +1 809-528-6262

    BANCO DE RESERVAS
    Address: Av Constitución, San Cristóbal 91000, Dominican Republic
    Hours: 9:00 AM – 5:00 PM
    Phone: +1 849-854-4612

    BANCO DEL PROGRESO
    Address: Av Constitución, San Cristóbal 91000, Dominican Republic
    Hours: 8:30AM – 4:00 PM
    Phone: +1 809-528-5984

    Moneygram

    BANCO POPULAR DOMINICANO
    Address: C.M. Trinidad Sanchez 17 San
    Cristobal
    Hours: 8:00 AM – 3:00 PM
    Phone: +1-809-5445798

    BANCO POPULAR DOMINICANO
    Address: Ave Constitucion # 179 San Cristobal San Cristobal
    Hours: 8:30 AM – 3:00 PM
    Phone: +1-809-5284430

    BANRESERVAS – #083 – MULTIC LA SIRENA SA
    Address: Carr Sanchez KM 1 Madre Vieja Sur Aantigua San Cristobal, 91000
    Hours: 8:00 AM – 10:00 PM
    Phone: +1-809-5283772

    Western Union

    CARMELO GONZALEZ Y ASOC
    Address: Padre Ayala Esquina Ayala San Cristobal, San Cristobal
    Hours: 8:00 AM – 6:00 PM
    Phone: +1-809-2007380

    CARMELO GONZALEZ Y ASOC
    Address: Carretera Sanchez Madre Vieja Multicentro La Sirena San Cristobal, San Cristobal
    Hours: 9:00 AM – 9:00 PM
    Phone: +1-809-2007380

    CARMELO GONZALEZ AND ASOCIADOS
    Address: Carretera Sanchez #13 Supermercado Soamy San Cristobal, San Cristobal
    Hours: 9:00 AM – 6:00 PM
    Phone: +1-809-2007380

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