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11-18-2005, 08:50 AM
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Bronze
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Join Date: Nov 2005
Posts: 2
(10)
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Exchanging money
Is Canadian Money a good way to travel with for exchanging in the DR or would you suggest Us Money? I will be staying at the Bahia Principe in San Juan over the xmas holidays. Any help is appreciated thankyou.
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11-18-2005, 09:20 AM
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Gold
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Join Date: Jan 2002
Posts: 690
(32)
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Use the Atm's
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11-18-2005, 09:23 AM
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Gold
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Join Date: Jan 2002
Posts: 7,208
(45)
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If you use money, US dollars better than Canadian because more in demand.
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11-18-2005, 09:23 AM
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Gold
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Join Date: Jul 2002
Posts: 2,439
(141)
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Come down with US$ or use ATM card
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11-18-2005, 10:00 AM
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Grande Pollo en Boca Chica
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Join Date: Jan 2002
Posts: 4,827
(10)
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Bring US, skip the ATM's with their high fees from your bank back at home and exchange outside the hotel as they tend to give poor exchange rates.
Never buy at the airport BEFORE you leave as the rates and fees are criminal, and don't excahnge more than you need as if you get home with some extra pesos, the rates at the airport when you land are even more criminal.
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11-18-2005, 01:41 PM
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Gold
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Join Date: Jan 2003
Posts: 1,241
(82)
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ATM cards
Be careful using an ATM card in the DR, a couple of years ago when I was in the there I used my ATM card several times. When I got home I found over $600 worth of unauthorized withdrawals.
Another person who I met on that trip had the same thing happen to him.
The bottom line is, the banks in the DR do not operate under the same set of rules as in the developed world.
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11-18-2005, 02:04 PM
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Gold
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Join Date: Jan 2004
Posts: 2,610
(10)
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Quote:
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Originally Posted by CyaBye3015
Be careful using an ATM card in the DR, a couple of years ago when I was in the there I used my ATM card several times. When I got home I found over $600 worth of unauthorized withdrawals.
Another person who I met on that trip had the same thing happen to him.
The bottom line is, the banks in the DR do not operate under the same set of rules as in the developed world.
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The majority of these cases occur when people use private ATMs located on the street or in small stores. As I won't use a private ATM located in a bodega in NY City, I won't use one here. I haven't heard of any problems when using an ATM at one of the local major banks such as Banco Popular. In fact, Dominican Society has become even more dependant on ATMs than the US. The majority of Dominican employers pay their payroll through direct depost into ATM (cash card) accounts.
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11-18-2005, 02:07 PM
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Gold
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Join Date: Jan 2003
Posts: 1,241
(82)
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Quote:
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Originally Posted by HOWMAR
The majority of these cases occur when people use private ATMs located on the street or in small stores. As I won't use a private ATM located in a bodega in NY City, I won't use one here. I haven't heard of any problems when using an ATM at one of the local major banks such as Banco Popular. In fact, Dominican Society has become even more dependant on ATMs than the US. The majority of Dominican employers pay their payroll through direct depost into ATM (cash card) accounts.
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LMAO,
Banco Popular is where both of us got took!!!!
Do a search
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11-18-2005, 02:18 PM
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Gold
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Join Date: Jan 2003
Posts: 1,241
(82)
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Check this thread out
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11-18-2005, 02:24 PM
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Gold
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Join Date: Jan 2004
Posts: 2,610
(10)
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Quote:
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Originally Posted by CyaBye3015
LMAO,
Banco Popular is where both of us got took!!!!
Do a search
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If you are referring to: More ATM Fraud with Banco Popular - Naco, SD
It is a must read. Who would be so imprudent to provide their PIN after a machine ate their card.
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