Want to send money to the Dominican Republic? Thinking about a wire to transfer money to the Dominican Republic? Before you visit your bank to do it, be sure to check out the wire transfer fees. You might get a shock just what the charges will be and depending on the amount, it might be better to send the money by other methods.
What can make it more costly is in addition to your financial institution adding a fee for sending the money to a bank in the Dominican Republic, the recipient getting the transfer of funds will most likely incur a fee from their bank. One way to minimise the possibilty of this charge is to send the international wire transfer in the currency of their account.
To initiate a bank wire transfer to the Dominican Republic, you will possibly require a SWIFT code. These are different codes for each financial institution and based on a number of things including the country and individual bank.
SWIFT Country Code
Central Bank Name
Banco Central de la Republica Dominicana
Dominican Republic Peso