The Dominican Republic is located on the Caribbean island of Hispaniola, with Haiti bordering the nation to the West, and the tropical climate and beautiful beaches make this a popular tourist destination. The capital city of Dominican Republic is Santo Domingo, which is considered the industrial, commercial and financial nucleus of the country. The country’s official currency is the Dominican Peso (DOP $) but in some places the US Dollar is also accepted. However, generally you will receive a better rate when paying locally using Pesos and we would encourage all customers sending money from United States to Dominican Republic to use DOP rather than USD as it is more widely accepted by local banks and money transfer agents.
When considering how to send money Dominican Republic from United States there are some key aspects of the transfer to consider.
The cheapest provider we found is WorldRemit at % Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using WorldRemit when transferring USD to DOP.
This means that by using WorldRemit for online money transfers to Dominican Republic from United States, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access WorldRemit for any reason, our comparison engine has found also to be very good options when sending USD – DOP.
This recommendation was updated one minute ago.
In order to avoid high fees, you should consider the cheapest way to send from United States to Dominican Republic.
WorldRemit has been determined by our comparison engine to be currently offering you the cheapest rates possible.
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When sending money from United States to Dominican Republic, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, WorldRemit is the fastest way to send USD – DOP.
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
To avoid high fees you can opt to use an online money transfer provider such as WorldRemit to pay for your transfer to Dominican Republic.
With WorldRemit you can send money online to Dominican Republic using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Bank and wire transfers are the most common ways of sending money Dominican Republic as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use WorldRemit to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Dominican Republic. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Dominican Republic.
When sending money to Dominican Republic from United States using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as WorldRemit.
Before sending money to Dominican Republic from United States, you should consider the following:
This one’s easy. Simply use our comparison table above to find the best provider to send USD to DOP.
After that it’s just a process of making your transfer via the following steps:
Your recipient has a few methods available to receive your money in Dominican Republic. These will vary between providers, but it is possible to find services that will:
If your recipient is going to collect or have the money delivered to them in Dominican Republic, then they will usually need the following:
The amount of DOP you can receive from United States will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of DOP that can be received in Dominican Republic or sent from United States before making your transfer.
April is a journalist and Content Editor for MoneyTransfers.com. Over the last decade she has written for a range of online and print publications. Having lived overseas in Canada and Vietnam, April hopes to see more of the world as soon as possible, with Japan at the top of her travel list. She enjoys writing about forex trends and the future of banking.