1st, Are you getting paid weekly, from the U.S.?
If So
I work for a U.S. company.
A small portion of my pay-check is paid in pesos, every 2 weeks, just like most of the workers get paid here.
My U.S. portion is in dollars, every week, direct deposit. I take advantage of the U.S. tax exemption for that part. ( I would rather not get into the details on this, you can easily find out on you own)
Citi-Bank in the U.S., Open an account, register for on-line banking.
I personally have 2 accounts.
1st account, direct deposit for my pay-check. The ATM Cards for this account, are with my folks back home.
2nd account, I transfer On-line, from the 1st account to the 2nd account, Only what I need for the week. I use my Citi-Bank DEBIT charge card, at ATM’s, charge at cash registers, and so-on, for the 2nd account.
I am limited to cash available in the 2nd account, in case of fraud or theft, on-line transfers are instantaneous from 1 account to the other. Yes I pay the ATM fees here, but I am not paying Cash Advance Fees, at CitiBank, it’s a debit to the cash in the account. They do require a minimum to open one. CitiBank uses the U.S. dollar to D.R. Peso value printed in the Wall Street journal.
At the ATM's, I can take up to $1000. U.S. dollars a day, IF THE CASH IS IN THE ACCOUNT, this is not a credit card.
CitiBank in the D.R., there are 3 branches in the Capital, FORGET ABOUT THEM.
The have the name, but most times, they cannot help with banking issue’s.
I also have Dollar and Pesos account’s with Banco Popular
Cut and pasted from
DR1 FORUMS
LIVING
Post: Moving to the DR, our story
On this Board
Hope this helps!
Tim H.
|
(10)
income taxes
