| One of the most important parts of re-locating | | | | To open an account in any of the above |
| anywhere is having a bank account, somewhere | | | | institutions you will be required to provide a |
| you are able to deposit, send and withdraw | | | | reference letter from a bank where you have an |
| money from. | | | | existing account, a personal/commercial |
| In the Dominican Republic there are numerous | | | | reference, a copy of your passport and currency |
| banking institutions, all of which are backed by the | | | | - the usual minimum amounts for opening an |
| central bank, which means that your money will | | | | account are US$200, EUR200 and RD$5,000. |
| always be safe. | | | | There are also some banks which now offer |
| In the Dominican Republic you can open an | | | | online banking services, which means you don't |
| account in the local currency, Dominican Peso | | | | have to wait in line to be served, yay! |
| (RD$), American Dollars (US$) or Euros (EUR). | | | | For more information on opening a bank account |
| These are the names of some of the banks in | | | | in the DR talk to Tay, he will be able to assist you |
| the Dominican Republic. | | | | with bank accounts, certificates, credit cards and |
| Banco Popular | | | | other bank related matters in the Dominican |
| Banco De Reservas | | | | Republic. Considered a safe banking system, the |
| Banco Leon | | | | DR banks are all backed by the central bank, |
| Banco Del Progresso | | | | where you can obtain high interest rates for your |
| Banco Santa Cruz | | | | pesos. When considering a life changing move, |
| Banco BHD | | | | think about the DR, still the cheapest in the |
| Scotiabank | | | | Caribbean yet still one of the least discovered |
| Citibank | | | | places to visit. |