Where should I setup a bank account in Dominican Rep?
We asked expats in Dominican Rep what banks they use and there advice about banking. They advised...
"I am a retired expat. No I did not close my UK bank account but I open a new ones here: an US$ account and a DRpeso account. Not a lot of meaningful banking differences but a little more expensive," remarked another expat who made the move to Las Terrenas, Dominican Rep.
"Before retiring in the Dominican Republic, expats should research the cost of living in the area they plan to live in, as well as the availability of healthcare and other services. It is also important to familiarize oneself with the local culture and customs, as well as the language. Additionally, expats should ensure that they have the necessary visas and permits to live and work in the Dominican Republic. Finally, expats should consider the climate and geography of the area they plan to live in, as this can have a significant impact on their quality of life," explained one expat living in Dominican Rep.
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Other Questions:
- What should I pack when moving to the Dominican Republic?
- Where should I setup a bank account in the Dominican Republic?
- Will I be able to find a job in the Dominican Republic?
- What is life like in the Dominican Republic?
- What do expats in the Dominican Republic appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in the Dominican Republic?
- Is there a lot of diversity? Are people in the Dominican Republic accepting of differences?
- What are the schools in the Dominican Republic like?
- What are healthcare services like in the Dominican Republic?
- What are medical services in the Dominican Republic like?
- Are healthcare and health insurance expensive in the Dominican Republic?
- What are emergency services like in the Dominican Republic?
- Will I need to travel to see a specialist?
- Are common prescription medications available in the Dominican Republic?
- How are local medical facilities in the Dominican Republic?
- As a foreigner living in the Dominican Republic, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Where should I setup a bank account in Dominican Rep?
If you live in the Dominican Republic, newcomers to the Dominican Republic would love to hear your answer to this question.
About the Author
Betsy Burlingame is one of the founders of InternationalTravel.ai and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and InternationalTravel.ai, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.