Closing out a DR bank account

234POSTS

16 hours ago

Hi all,

I have left the DR permanently and I need to close my Banco Santa Cruz savings account. Apparently I have to empty it completely ("ni un solo peso") before I can do that. It has <US$100 in it currently. I'll withdraw what I can via ATM card, but I can't think how to get rid of those last few pesos. I have Remitly but you can't use that to send *from* a DR bank. I'd happily give it to a DR charity if I could figure out how.

Does anyone have any suggestions on how to zero out this account without being physically present in the DR?

See also

Banking and finance in the Dominican Republic - Guide
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UncleBuck Serial expat

572POSTS

15 hours ago

@wondering9

If you find a worthy charity, simply do a bank transfer for the remaining amount. Should take care of your needs?

2 members reacted to this post

planner Dominican Republic Expert

17887POSTS

12 hours ago

@UncleBuck

That's a great idea!

Alfonso Ayala Active member

45POSTS

7 hours ago

Not sure if this applies to all banks in the Dominican Republic, but Banreservas and Scotiabank require you submit request to close account in person if you don't they just consider it a low or zero balance and keep tacking on fees. Check with your bank and make sure this doesn't apply to them.