Guide to sending money to the Dominican Republic

21 Oct 2020 - Category: Blog /
Money transfer to the Dominican Republic

In recent weeks, remittances to the Dominican Republic have increased considerably. Infact, according to August data, last month the amount of money sent was 22.5% higherthan last year. And if we look at the amount of money sent throughout the year, the percentageis 7% higher, recovering from the drop in remittances during the lockdown months of the worstweeks of the pandemic.

In this situation, it is normal for Dominicans to wonder what the best way is to sendmoney to the Dominican Republic. Are they required to pay in cash in stores? Is there away of making the transfer from home? Is my recipient required to have a bank accountin order to collect the money?

To answer these and other questions, we have created this post that, we hope, willclarify all your doubts when sending money to the Dominican Republic.

Physical stores, agents or online: its your choice

When it comes to sending money to the Dominican Republic, there are all kinds ofpreferences. Some users prefer to visit a physical store or an agent to make their moneytransfers because it gives them greater security. Others, however, prefer the convenienceof being able to make the transfer from home.In both cases, Small World offers a solution tailor-made to the needs of its users. If youwant to make the transfer through one of our stores we advise you to visit our website tolocate the store closest to your home.

You will be able to locate all our stores, all overthe world. Also, remember that its not only in our physical offices that you can make atransfer. You also have our entire network of agents at your disposal.

If, on the contrary, you prefer the comfort of your own home, we offer you two options: one, through our website, where you can make your transfer after creating an accountwith us.

And option number two, if youre addicted to handheld devices, is our cell phone app.Available for both Android and iPhone devices, it comes with all the security protocolsto ensure that you can make your money transfer to the Dominican Republic with thegreatest possible security.

How can I pay for my money transfer to the Dominican Republic?

When it comes to sending us the money you want to transfer to the DominicanRepublic, we have several options available. If you want to send money through ourwebsite or cell phone app, you can use any Visa card or MasterCard. But you must beartwo major requirements in mind: firstly, that the card has to be in your name. Andsecondly, that it has to have been issued in the country from which you want to sendyour money to the Dominican Republic.

If you don't have a credit card, you can always make a transfer to our bank account. Butyou must keep in mind that we will not be able to start processing the order until wevereceived the money in our account.

If you don't have a credit card or bank account, you can visit any of our stores or agentsand send money by making a cash payment.

How can my beneficiary collect the money in the Dominican Republic?

When it comes to sending money to the Dominican Republic, you have differentpayment methods available to process your order. Many people prefer to send money sothat their beneficiary can collect it in cash at one of the points available in the country. In the Dominican Republic, we have more than 1,900 payment points distributed throughout the country where the money you want to send can be collected. We operatewith major partners including Banco Unin, Banreservas and Banco BHD Len.

If your recipient has a bank account, you can also select the option to have the moneytransferred directly to their account. The bank deposit option is one of the mostconvenient, but dont worry if your recipient doesnt have an account. You can alsochoose to have the money delivered directly to their home so that they dont even haveto leave the house, now that in these times of pandemic it has become so important toreduce travel as much as possible.

Lastly, you can also choose a telephone top-up as a payment method, so that the moneyis delivered directly to them in local currency.

Welcome gift for your first money transfer to the Dominican Republic

If what youve read meets your needs and youd like to try making money transfers tothe Dominican Republic, weve got good news for you. All users who start to maketransfers with us are offered the first transfer free of charge. But keep in mind that inorder to benefit from this promotion you must make the transfer via our online channel.

In order to apply this offer to your transfer, you dont require a promotional code. Thecommission fee will be automatically deducted from the order.

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