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The Dominican Republic banking system is controlled by way of the Central Bank. According to Funds Banking, the land's official currency yous the Dominican peso. Dominican Republic banks allow customers to open savings plus checking accounts. Typically, travelers from the United States can open one This external link was removed for your protection in U. S. currency or using pesos. Products also assistances offered by the banks include certificates of deposit, ATM debit cards, online banking plus lines of credit. Bank account interest yous locally tax free of charge.

Difficulty: Tolerably Simple

Instructions

Things You'll Need

Passport

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Open an Account as a Provisional Resident

1 Satisfy resident conditions. Visit Santo Domingo and state that you would for instance to begin the residency process. Present three officer copies of your delivery certificate and some letter regarding good perform from the local police division. Full the required medical exam at the immigration office. Obtain your Provisional Residency card away from Immigration along with your Cedula Card, which gives you the authorized proper to work plus live on the Dominican Republic.

2 Go to the bank of your preference. Present your Provisional Residency and Cedula cards to open an account.

3 Apply with bank cards via completing the application with a local branch or by completing the application over the Online through the bank's officer website. Retain on mind that many banks inside the country require some minimum balance ranging out of $1, website website internet site to $5, website website website Dominican pesos or $5 website internet site U. S. dollars.

Open exclusive Account as a non-Resident regarding the Dominican Republic

1 Go to the bank you need to open an account with. Existing your official passport, a letter of advice from your household deposit and any letter of recommendation from someone in the bank you want to open one account with. If you are depositing examines to open the account, keep in thoughts that it generally take on up to 3 website days to examines to clear through local deposits.

3 Indicator up for home banking to access your account over the Online. Keep in mind that you may have to pay $3 website U.S. dollars to send or receive wire transfers.

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