Saturday, January 17, 2009

Tips on Sending Money to the Dominican Republic

By Chloe Banks

There are numerous ways to send money to the Dominican Republic. The costs of these services vary, as do the level of security provided for the transfer of funds and amount of time it takes for the money to arrive.

Sometimes the amount of time it takes to send the money is the most important factor. In this instance it is important to know what options you have when sending money to the Dominican Republic. The most pressing thing to remember is to prepare now to have everything in place for a transfer.

In instances like this it may be easiest to send money using an online service such as ATM Cash, which allows you to send money 24/7 from your computer.

Another way to ensure a quick transfer of money to the Dominican Republic is ensuring the recipient has an ATM or debit card. If the recipient is someone trusted, it's often useful for them to have a bank card linked to your checking or savings account.

As long as your are comfortable with the cardholder having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine. For situations where you do not want the recipient to have unlimited access to the money, a pre-paid debit card is another way to go. It works just like an ATM card except that it is loaded with a specific amount of money.

Once you have refilled the pre-paid debit card the cardholder will have access to the funds. The PIN number is given to the recipient so a phone call to notify that the money has been added is all that is required to gain access to the money.

Opening an account with a bank that has branches in both the Dominican Republic and the U.S. will also help facilitate easier transfers.

The above are some steps to ensure that money to the Dominican Republic arrives quickly when you need it.

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