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Find the best providers to send money to the Dominican Republic

How to send money to the Dominican Republic

Find out how to make a money transfer to the Dominican Republic at the most competitive cost in four easy steps

1. Make sure the Dominican peso conversion rate is favorable

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.

2. Select the best deal by comparing all the available companies.

Monito lists 7 providers able to send money to the Dominican Republic, such as Azimo, WorldRemit, Xoom, Western Union, Transfast. Get the most of your transfer by comparing all your options and go with the most competitive option for your upcoming money transfer.

3. Choose the best option that suits your needs

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.

4. Sign up and start your money transfer with the money transfer provider of your choice

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.

Best rated providers to send money to the Dominican Republic

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