Find the Best Rated Providers to Send Money to the Dominican Republic
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
Find out how to send money to the Dominican Republic with the best rate in four easy steps
1. Check the DOP mid-market exchange rate against your own currency
Converting your money at the right moment can help you save money. We recommend our users to take advantage our smart exchange rate alerts to keep an eye on the evolution of the DOP exchange rate.
2.Make your choice among the 11 providers sending money to the Dominican Republic to find the best one.
Monito's comparison engine lists many money transfer companies to transfer money to the Dominican Republic, such as TransferWise, Western Union, MoneyGram, Xendpay, WorldRemit. Selecting the right money transfer provider from the available options is a sure way to save on costs.
3.Select the best provider based on your criteria
What is the most important for you? Overall cost, speed, customer ratings? Examine the pros and cons before making your choice.
4. Sign up and start your transaction with the service you selected
Go to the provider's website to register - be prepared to provide an ID document and/or a proof of adress - and get started with your 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