How to Send Money from the US to the Dominican Republic
While most of your financial transactions likely take place within the US, there will come a time when you need to do business elsewhere, such as the Dominican Republic. Sharing money between friends or businesses in the US is never a problem, but when it comes to sending money internationally, finding a quick and inexpensive tool can be challenging, especially if you’re in a time crunch.
Thankfully, you do have a few options. Instead of sending a check in the mail and crossing your fingers that it gets there, or instead of sending money through some shady money website, you need to make smart decisions. Use the following tools to send money between the US and Dominican Republic and rest assured that you’ll spend less and receive peace of mind.
ShareMoney is a website that allows you to send money online from the US to the Dominican Republic quickly and cheaply. You can send up to $3,000 for less than $4, which is extremely cheap. Plus, the website is very easy to use, so you don’t have to waste an entire day filling out forms or trying to figure out how to use it. ShareMoney partners with banks throughout the world, so you can send money directly to the bank account of someone in the Dominican Republic with ease.
Western Union has been transferring money between countries for a long time. Because of their reputation, you can rest assured that your money will be transferred to your recipient with care. Western Union doesn’t charge much to transfer money either, so you don’t have to worry about wasting money on fees. Plus, they have locations throughout the world, so you can easily send money no matter where you are.
PayPal is a great tool to use when looking to send money between countries. The website is very easy to use, so you can send money to whomever you wish in less than five minutes. You will need a PayPal account in order to send money, and your recipient will need one in order to receive it. Plus, depending on the type of account you have, you may be able to send this money for free. What makes PayPal a great tool is that money is available quickly, so there’s no need to wait to access the money once it’s been sent.
Chances are you have a currency exchange near your home, and these facilities are capable of sending money to the Dominican Republic. The fees associated with wiring money will vary based on your location, but you can count on them to be rather reasonable. Working with the currency exchange also allows you to speak with a representative in person, so you can have your questions answered in a timely fashion.
Most people forget about the other services that their bank offers. Although it may not be available at all banks, you should still check with your own financial institution to see if they offer wire transfers to other countries. Sometimes this service may be free depending on the type of accounts you hold with the bank. Make sure to stop by your local branch to see if this is something you can do. Working with your own bank may give you peace of mind that your money is in good hands.
Technology makes things so simple nowadays. Peruse through the apps on your smartphone or tablet and see if there are wire transfer apps that are appealing to you. TransferWise Money Transfer, Xoom Money Transfer, and Square Cash are just a few of the options you’ll find. Each of these has their own pros and cons, so be sure to do some research before deciding on which one to use.
Transferring money between the US and the Dominican Republic doesn’t need to be an expensive challenge. Instead, take some time to review the tools and resources above to make the best decision for your needs. It also wouldn’t hurt to test a few different options out to see which one you’re the most comfortable with too. Once you’ve found your favorite, you can send money between the US and the Dominican Republic quickly and cheaply.