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," wrote a member who made the move to Las Terrenas, Dominican Rep.

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"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," explained one expat living in Dominican Rep.

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 the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat 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.