FAQ About Sending Money to the Dominican Republic

• What's the cheapest way to send money to the Dominican Republic?

  The cheapest way to send money to the Dominican Republic is through an online provider. Among the 8 available, Remitly was most often the cheapest provider (in 69.9% of the searches on Monito.com in the past 3 months).

• What are the best providers to send money to the Dominican Republic?

  Here are the providers that were the most often the cheapest in the comparisons of the past 3 months on Monito.com:

  • Remitly (cheapest in 69.9% of the searches)
  • Paysend (cheapest in 15.5% of the searches)
  • Wise (cheapest in 5.7% of the searches)
• How much does it cost to send money to the Dominican Republic?

  If you send money with the cheapest available provider, the total cost of a transfer to DOP was 1.2% of the transfer amount (including all fees and exchange rates) over the past month. Of course, this figure will vary based on the sending country, the pay-in and pay-out options

  In contrast, the cost of the most expensive option was 5.3% on average.

• What is the cost of making an international transfer to the Dominican Republic using my bank?

  The average total cost (including hidden exchange rate markups) of making a transfer to the Dominican Republic with banks compared by Monito.com during the past months was 18.4% of the transfer amount. This is 15.7x more expensive than sending money with the cheapest online provider alternative.

• Is Western Union good for sending money to the Dominican Republic?

  Western Union is a popular provider with the biggest agent location network. The average cost of online money transfers to the Dominican Republic with Western Union* is 0.6% of the amount you send, whereas the cheapest online services have an average cost of 1.2%. Remitly is the provider that is most often the cheapest for money transfers to a cash pick-up location in the Dominican Republic.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest cash pick-up provider in the Dominican Republic?

  Over the past three months, the provider that was most often the cheapest for cash pick-up transfers in the Dominican Republic was Remitly, with an average cost of 0.3% of the amount you send (which includes fees and exchange rate margins).
  
  The average total cost to send to a bank account rather than a pick-up location during the same period was 1.3%. Remitly was the provider most often the cheapest for transfers to bank accounts in the Dominican Republic.

• What is the fastest option to send money to the Dominican Republic?

  The provider that was most often the fastest on Monito's comparisons over the last three3 months was Remitly (average fastest transfer time: Same day)