Find the Best Rated Providers to Send Money to the Dominican Republic

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Find the Best Rated Providers to Send Money to the Dominican Republic

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Our real-time comparison engine finds the cheapest providers for your transfer to the Dominican Republic, you save on fees and exchange rates. That way, more money arrives.

How to send money to the Dominican Republic

Learn how to transfer money to the Dominican Republic at the lowest cost in four easy steps

1. Make sure the Dominican peso exchange rate is interesting

Although the currency market is unpredictable, it is a good idea to stay on top of it in order to optimize how many Dominican pesos the recipient of your transfer will receive. You should take advantage exchange rate email alerts to keep an eye on the evolution of the mid-market.

2. Compare the 26 services available to send money to the Dominican Republic and find the best option.

Monito lists quite a few money transfer companies to transfer money to the Dominican Republic, such as Wise, Remitly, Revolut, Azimo, N26. Going with the right money transfer provider from the more than 26 available options is the best way to save on fees and exchange rate.

3. Select the best provider for your personal needs

Select the money transfer service with the most competitive pricing, the shortest transfer time, best customer ratings, or a good compromise.

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

Go to the money transfer provider's website to sign up - be ready to provide an ID and/or a proof of adress - and set upyour transfer.

How to Send Money to the Dominican Republic

Thousands of people like you send money back to the Dominican Republic every week. With over two million Dominicans living outside the Dominican Republic, everyone needs an easy and inexpensive way to send pesos or dollars back home to benefit family, friends and others.

Banks in neither your adopted country nor the Dominican Republic have the best fees or exchange rates for converting money into pesos. That’s why it’s vital to compare all of your options for sending money back to the Dominican Republic so your pesos can go further. Whether you want to make a one-off currency transfer or you need to send money regularly, we can help you find the best options.

People from the Dominican Republic send around $6 billion back home each year, that’s an average of $3,000 each. Our research shows that most people overspend by up to five percent on their transfers, so using a lower-cost provider could save Dominicans up to $30 million collectively, or up to $150 individually, every year.

If you use a bank or PayPal to transfer money, you could easily overpay. We make it easy to compare the best-value options for money transfer, or select one of our recommended currency providers.

I Want to Transfer Money to the Dominican Republic, but Which Provider Should I Use?

There are plenty of options for sending money back to the Dominican Republic. Here on Monito we cover all the popular specialist money transfer providers and banks for converting your money into pesos and sending it home.

We know there are lots of ways to transfer currency to the Dominican Republic, which is why we compare all of the most popular options side-by-side so you can make an informed choice. The best money transfer provider for you will depend on several areas like the exchange rate they offer, how much you are sending, where you are sending from, the currency you are exchanging into pesos and several other factors.

We take all of those details into account when recommending the best way to send money to the Dominican Republic. We’ll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending money to the Dominican Republic from the US, Spain, Puerto Rico or Haiti.

The Cheapest and Best Ways to Send Pesos to the Dominican Republic

There are several good options for currency exchange, depending on how the person you’re sending money to wants to get access to their pesos.

Sending Less Than $300 in Pesos to a Bank Account in the Dominican Republic

If you want to send money to a bank account in the Dominican Republic, we recommend using a specialist currency provider. If you’re transferring under $300 or equivalent, your best options include WorldRemit, Transfast and Xoom. You can find links to them elsewhere on this page.

Sending More Than $300 in Pesos to a Bank Account in the Dominican Republic

If you’re sending more than $300, we recommend Pangea, Azimo and WorldRemit.

Banks that You Can Transfer Pesos to in the Dominican Republic

You can normally arrange to send pesos to any of the following banks: Central Bank of the Dominican Republic, Banco Popular Dominicano, Banco del Progreso, Banco Unión and BanReservas.

Cash Pick-Up Locations in the Dominican Republic

Some of these banks are also popular locations for picking up pesos that you have transferred. If the beneficiary wants to collect pesos as cash in the Dominican Republic without going through a bank, then providers like WorldRemit, Transfast or MoneyGram are good options.  

If you have any questions about sending pesos to the Dominican Republic, we’re happy to help, get in touch with us now.

Save over 7,000 pesos a year when sending money to family, friends or businesses in the Dominican Republic

  • Central Bank of the Dominican Republic
  • Banco Popular Dominicano
  • Banco del Progreso
  • Banco Unión
  • BanReservas

Compare all available providers before your next transfer to the Dominican Republic

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Questions you may have about your transfers to the Dominican Republic

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn more about Monito
  • Monito is Trusted by 15+ Millions Users across the globe.

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Affiliate Disclosure
Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.