Course · 3 × $49
Dominican Banking for Foreigners: USD and Pesos
Learn how to open and run US dollar and peso accounts in the Dominican Republic as a foreigner: the documents banks are required to ask for, the real fees at each major bank, and how to avoid the mistakes that send you back to the branch.
15 lessons5 modules
What you'll learn
Dominican Banking Regulations and Account Structures
01- Superintendencia de Bancos Rules for Non-Citizens3 min
- Choosing Between Savings and Checking in USD and DOP4 min
- Mapping Fees, Conversion Spreads, and Inflow Limits4 min
The Non-Resident Compliance Dossier
02- Drafting an Acceptable Home Bank Reference Letter4 min
- Apostille Requirements and Certified Judicial Translations4 min
- Documenting Clean Source of Wealth for Non-Residents3 min
Selecting Your Institution: Popular, Banreservas, and BHD
03- Banco Popular vs. Banreservas for International Wires4 min
- BHD León and Scotiabank Policies on Foreign Currency Accounts3 min
- Branch Selection: Why Location Dictates Your Approval Odds4 min
In-Branch Execution and the Manager Interview
04- Setting the Appointment and Branch Day Conduct3 min
- Spanish Vocabulary and Phrasing for Platform Officers3 min
- Testing Token Activation and Telebanco Before Leaving the Branch4 min
Funding, SWIFT Wires, and Account Preservation
05- Routing International Wires Through US Intermediary Banks4 min
- Converting Currency and Using Local Automated Teller Machines4 min
- Responding to Sudden AML Source-of-Funds Information Requests3 min
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