Dominican Republic Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.

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  Money in the Dominican Republic

  Currency & opening an account

  If you’re planning on living in the Dominican Republic, it’s worth thinking about opening a bank account. In this guide we’ll try to make your introduction to Dominican money and banking that little bit simpler.  

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  Dominican Republic banking

  Services, ATMs & opening hours

  Banking services and ATMs are generally as up-to-date as in most developed countries, though be careful of card fraud.

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  Currency exchange & money transfers

  Moving money in the Dominican Republic

  Whether you need to change cash or transfer money from abroad, you have several options in the Dominican Republic. Below we’ve detailed the most preferable ones.

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  Taxes & insurance

  What can expats expect to pay?

  If you’re working as an expat in the Dominican Republic, you will be required to pay taxes - though not always straight away.

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