Cheapes, best way to send money to Dom Rep

AimHigh · #1 10-28-2009, 06:44 PM

Which way is the best way to send money to the DR. There are some places that charge you a low fee to send the money but they kill you with the exchange rate. I'm sure that there are many places out there but which one gives you the best bang for your money.

pedrochemical · #2 10-28-2009, 06:46 PM

Where from?

AimHigh · #3 10-28-2009, 06:57 PM

Quote:

Originally Posted by pedrochemical

Where from?

I live in the USA

pedrochemical · #4 10-28-2009, 07:18 PM

Well this might or might not work then...
Western Union was always expensive and only for use in an emergency - I have been charged around 9% normally - but receiving cash from the U.K. online I have been getting charged 0.4% and the exchange rate (from sterling to US$) was the same as the spot price quoted on the ForEx markets.
Bloody incredible!
For 1000 pounds sterling last week I received 1627US$ including all charges - and it is instant.

You must stipulate that the cash is to arrive in US$. The Western Union office here will try to talk you out of it, but persevere, take the US$ and get them changed at your leisure if you need to.
I guess you will not even have an exchange rate fee if you are sending US$ anyway.

By the way, beware ScotiaBank in the D.R!!! They have lost my transfer money twice and taken weeks to find it again.