Find out how to make a money transfer to the Dominican Republic at the most competitive cost in four easy steps
Although the evolution of the exchange rate is unpredictable, it is a good idea to follow it to optimize how many the recipient will get. You should take advantage smart alerts to monitor the DOP mid-market rate against your currency.
Based on which criteria will make your choice? Exchange rate and fees, time for the money to arrive, user ratings? Evaluate the pros and cons before selecting the provider.
You may also want to take into account the pay-in and pay-out options. Credit cards, debit cards or a bank transfer are the most common payment methods to send money to the Dominican Republic online. At the other end, in Dominican Republic, you often have to decide if you want the amount in DOP to be transferred to your recipient's account or available for pick-up in cash at an agent location.
Now, simply sign up on the money transfer provider's online portal (you normally have to upload documents to confirm your identity), and configure your money transfer to the Dominican Republic.