Where should I setup a bank account in Dominican Rep?
We asked expats in Dominican Rep what banks they use and there advice about banking. They advised...
"I am a retired expat. No I did not close my UK bank account but I open a new ones here: an US$ account and a DRpeso account. Not a lot of meaningful banking differences but a little more expensive," mentioned another expat when asked about moving to Las Terrenas, Dominican Rep.
"Before retiring in the Dominican Republic, expats should research the cost of living in the area they plan to live in, as well as the availability of healthcare and other services. It is also important to familiarize oneself with the local culture and customs, as well as the language. Additionally, expats should ensure that they have the necessary visas and permits to live and work in the Dominican Republic. Finally, expats should consider the climate and geography of the area they plan to live in, as this can have a significant impact on their quality of life," commented one expat who made the move to Dominican Rep.
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Traveling Mailbox serves thousands of travelers, expats, digital nomads, businesses, individuals and others in over 47 Countries by scanning their postal mail so they can view it online anywhere in the world. They provide customer service 7 days a week so if you need assistance, it is just a phone call away. Traveling Mailbox works with Evernote, Bill.com and Dropbox. And, there are Traveling Mailbox apps available for iOS and Android devices.
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Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What do I need to know before retiring in the Dominican Republic?
- How do I meet people in the Dominican Republic?
- What is life like in the Dominican Republic?
- Is there a lot of crime in the Dominican Republic?
- Is there a lot of diversity? Are people in the Dominican Republic accepting of differences?
- What are the schools in the Dominican Republic like?
- Is the cost of living in the Dominican Republic high?
- What advice do you have for expats having a baby in the Dominican Republic?
- What are healthcare services like in the Dominican Republic?
- Is the cost of living in the Dominican Republic high?
- What type of recreational facilities are in the Dominican Republic?
- What is the weather like in the Dominican Republic?
- Are there good restaurants in the Dominican Republic?
- Where will I buy groceries and do other shopping in the Dominican Republic?
- What are the visa & residency requirements in the Dominican Republic?
- Are healthcare and health insurance expensive in the Dominican Republic?
- What do I need to know when buying property in the Dominican Republic?
- Are foreigners allowed to own property in the Dominican Republic?
- What appliances are typically included in a rental?
Where should I setup a bank account in Dominican Rep?
If you live in the Dominican Republic, newcomers to the Dominican Republic would love to hear your answer to this question.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.