Best banking options in the Dominican republic

Greetings all, was informed by my attorney that I will need to open a bank account upon applying for residency visa. Any suggestions on the best institution?

I have found that banco Santa Cruze, especially here in Sosua/Cabarete do a great job with expats opening an account.  We have had an account there for over 12 years.

Bob K

Depends where you are and what you need. Some banks have way more ATM s and others have better online banking.

Personally I like scotiabank and banco popular and I really dislike banca reserva!!!

Thanks to both planner and Bob. You guys have been the best in assisting in the process !

Well as I have said before I can only tell you what has worked for me, your circumstances may be different.  Banco Popular by far over Scotia or  Ban Reservas.  Banco Popular is more "user friendly" and requires less documentation.  Also I found that english speakers are more prevalent in Banco Popular.  In my case a bank reference, employment reference or salary validation.  It also helps to have a Dominican address.   I have had my account here for more than 12 years.

Good luck,

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