Money Transfer Issue

I use Xoom to transfer from Account in US to my account in DR and do not have any issues unless its a large amount .

So do l just trying to see if the government is coming up with some new rules.

banks use the 90 day on passport stamp, i had to get a new one to open acct at banco de leon per agent.

@Gman123 i used remitly and banco popular I've been in country since October 2022 no issues with eith

I usually just keep checks from USA bank account and deposit in DR scotiabank account , no fees just wait 12 days for check to post in account. Saves money unless you need funds immediately.

@Gman123 I transfer money from Bank of America to banco de Reserva  I have gone to bank here and take large amounts to finish my pool and all the bank does for security reason is look at my passport pic page to verify name and passport number sence is what I used to open bank account. But they have never look at the stamp and i been here since November 25 2022.

hope this helps.

rich

I thought the passport stamp only came into play when you were opening an account. As Rich said, since that initial opening of the account, our bank has never looked at anything other than the picture page of our passports.

I also bank at Banco de Reserva ,   And they look at the passport # to make sure it’s on the account and also to make sure it current  ( date expiration ) , I’ve never seen them look for a. Stamp……

what are the highest interest rates most banks give? Does anyone know that? ball park figure is fine.

@Andrew Roy Check the banks' websites for the latest rates. It depends on the product. Also, we try to keep threads on track, and this one is about bank transfers and passport requirements.

@ddmcghee sorry, im new here. moving to RD in two days. I have been visiting every 3 months for 5 years. Stay normally in playa dorado 3 weeks every time.

but was just wondering. Wanted a baseline. But i understand. perdon.

Welcome to the forums Andrew.   There is a pinned thread for introductions, we would love to know more about you.

There are a number of threads you can review for  more info on a variety of subjects!  Anything you need  just ask in the threads as you review them. If you cannot find what you are looking for,  open a new thread and we can all help you!