Bank ~ ?

[JANET/NJ]

Hi Everyone,
is it possible to open a bank account in DR from the US--- like online and just do a money transfer.
if not, what is the most trustworthy bank that i should use in the DR, and will it give me access to it from the US.

thanks in advance for your help

[RV429]

No, it is not possible.

[Drro]

You need to be here in the DR to open an account. However, once open you can access their website and move money between your accounts.

I use two banks here, Banco Santa Cruz and Banco Leon where I have two accounts, one with US Dollars, and a debit card that has pesos on it.

[JaraChica]

Can you transfer money from a US bank to a DR bank?

[windeguy]

Can you transfer money from a US bank to a DR bank?

Yes, using a wire transfer from the US bank to the DR Bank. The charge is around $40 for most US banks and there is sometimes a smaller charge to accept the transfer at the DR bank