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Send money to Dominican Republic
USD
DOP|Updated recentlyMid-market 58.8338Cheapest todayof 10 providers
Paysend
Rate 58.4985 · Fee $1.99
You send
$1,000
Recipient gets
RD$58,382
RD$1,400 more than the most expensive provider · 0.57% markup vs mid-market
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money to Dominican Republic in May 2026 is Paysend, which delivers 58,382.08 DOP on a 1,000 USD transfer with a fee of $1.99 and an exchange rate of 58.4985. According to SendMoneyCompare's comparison of 10 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 1,443 DOP.
Last reviewed: by Awais Imran, Reviews Editor
↓
Rates are low right now
0th percentile
Based on 55 days of data (2026-03-18 to 2026-05-20)
Today's best
RD$5,827.82
InstaReM
55-day avg
1 USD = 59.39 DOP
Best rate
59.50
2026-03-28 · Ria Money Transfer
Worst rate
58.28
2026-05-20 · InstaReM
What is the cheapest way to send USD to DOP?
Sending $1,000 from to Dominican Republic. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 58.4985·Fee $1.99·0.57% markup
↓ 1.5% over 7dAvg: 59.06 DOP (-0.9% vs avg)Range: 58.50–59.38
1
58.4985
$1.99
RD$58,382.08
Rate 58.2808·Fee Free·0.94% markup
↓ 2.3% over 46dAvg: 59.27 DOP (-1.7% vs avg)Range: 58.28–60.19
2
58.2808
Free
RD$58,280.81
Rate 57.9984·Fee Free·1.42% markup
Most stable rate
→ 0.0% over 7dAvg: 58.00 DOPRange: 58.00–58.00
3
Under 3 minutes (95% of transfers)1.42% markup
Most stable rate
→ 0.0% over 7dAvg: 58.00 DOPRange: 58.00–58.00
57.9984
Free
RD$57,998.40
Rate 58.8456·Fee $17.43
↓ 2.1% over 55dAvg: 59.82 DOP (-1.6% vs avg)Range: 58.85–60.84
4
58.8456
$17.43
RD$57,819.93
Rate 57.8690·Fee $1.99·1.64% markup
↓ 0.9% over 7dAvg: 58.09 DOP (-0.4% vs avg)Range: 57.87–58.42
5
57.8690
$1.99
RD$57,753.81
Rate 57.6984·Fee $0.99·1.93% markup
Best rate 49 of 55 days
↓ 3.0% over 54dAvg: 59.34 DOP (-2.8% vs avg)Range: 57.70–59.50
6
Instant1.93% markup
Best rate 49 of 55 days
↓ 3.0% over 54dAvg: 59.34 DOP (-2.8% vs avg)Range: 57.70–59.50
57.6984
$0.99
RD$57,641.23
Rate 57.5513·Fee $0.99·2.18% markup
↓ 0.7% over 7dAvg: 57.90 DOP (-0.6% vs avg)Range: 57.56–58.00
7
57.5513
$0.99
RD$57,494.29
Rate 57.6336·Fee $2.49·2.04% markup
↓ 1.3% over 7dAvg: 58.03 DOP (-0.7% vs avg)Range: 57.63–58.40
8
57.6336
$2.49
RD$57,490.13
Rate 57.5571·Fee $4.99·2.17% markup
2.8% markup
↓ 1.5% over 7dAvg: 57.55 DOP (-0.6% vs avg)Range: 57.14–58.06
9
1-3.5 days2.17% markup
2.8% markup
↓ 1.5% over 7dAvg: 57.55 DOP (-0.6% vs avg)Range: 57.14–58.06
57.5571
$4.99
RD$57,269.94
Rate 56.9394·Fee Free·3.22% markup
↓ 8.5% over 55dAvg: 57.47 DOP (-5.8% vs avg)Range: 54.12–59.49
10
Minutes to 3 days3.22% markup
↓ 8.5% over 55dAvg: 57.47 DOP (-5.8% vs avg)Range: 54.12–59.49
56.9394
Free
RD$56,939.39
Potential savings: Choosing the best provider over the most expensive saves your recipient RD$1,442.69 on a $1,000 transfer.
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
The Dominican Republic received over $9 billion in remittances in 2023, largely from the large Dominican diaspora in New York, New Jersey, Florida, and Spain. Remittances represent nearly 8% of Dominican GDP. Caribe Express and Vimenca are major domestic cash payout networks, while most major US-based providers also support direct bank deposits to Dominican banks.
- Caribe Express is the Dominican Republic's leading domestic money transfer and cash pickup network, partnered with Western Union and several international providers. Vimenca is another key operator with hundreds of agents.
- Banco Popular Dominicano (BPD), Banreservas, and BHD León are the primary banks for receiving SWIFT transfers. Most providers support direct deposit to DOP or USD accounts.
- The DOP (Dominican peso) has shown gradual depreciation against USD historically (roughly 5–7% annually). Rate comparison is important as providers mark up differently on this volatility.
- The Banco Central de la República Dominicana (BCRD) regulates all foreign exchange. There are no limits on personal inbound remittances.
- Western Union has the deepest cash pickup network in the Dominican Republic with thousands of agent locations across all provinces, including rural coastal and mountain communities.
Which provider offers the best USD to DOP rate?
Paysend
4.3Exchange rate
58.4985
Fee
$1.99
Recipient gets
RD$58,382.08
Speed
2 days
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the to Dominican Republic route.
Cheapest transfer
Paysend
Delivers the most DOP for your money
Fastest transfer
TapTap Send
Delivers in Under 3 minutes (95% of transfers)
Cash pickup
MoneyGram
Widest cash pickup network
Bank transfer
Paysend
Best rate for bank deposit to Dominican Republic
How to send money to Dominican Republic
Sending money to Dominican Republic is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much USD you want to send, compare providers above, and pick the one offering the best DOP amount for your transfer to Dominican Republic.
Step 2
Add your recipient
Enter your recipient's details in Dominican Republic — you'll need their bank account number. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit typically takes 1–2 business days.
What you need to send money to Dominican Republic
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's full legal name as it appears on their cedula (national ID)
Bank account number
Dominican bank account number (typically 10–20 digits depending on the bank)
Example: 12345678901234567890
Bank name
Name of the recipient's bank (e.g. Banco Popular, Banreservas, BHD Leon)
Cedula number
Optional11-digit national identity card number required for cash pickup
Example: 00112345678
Note: The Dominican Republic does not use the IBAN system. Each bank has its own account number format. The cedula (national ID card) is essential for cash pickup transactions and may be required for bank deposit verification.
Transfer examples: USD to DOP
See how much your recipient would get for common transfer amounts.
Send $500
ProviderFeeReceives
InstaReM
58.28 · 1-3 business days
Paysend
58.50 · 2 days
TapTap Send
58.00 · Under 3 minutes (95% of transfers)
Wise
58.85 · 144 hours
MoneyGram
57.87 · 0-1 days
Ria Money Transfer
57.70 · Instant
ProviderFeeRateReceivesSpeed
InstaReMFree58.28RD$29,1401-3 business days
Paysend$1.9958.50RD$29,1332 days
TapTap SendFree58.00RD$28,999Under 3 minutes (95% of transfers)
Wise$8.2658.85RD$28,937144 hours
MoneyGram$1.9957.87RD$28,8190-1 days
Ria Money Transfer$0.9957.70RD$28,792Instant
Send $1,000
ProviderFeeReceives
Paysend
58.50 · 2 days
InstaReM
58.28 · 1-3 business days
TapTap Send
58.00 · Under 3 minutes (95% of transfers)
Wise
58.85 · 144 hours
MoneyGram
57.87 · 0-1 days
Ria Money Transfer
57.70 · Instant
ProviderFeeRateReceivesSpeed
Paysend$1.9958.50RD$58,3822 days
InstaReMFree58.28RD$58,2811-3 business days
TapTap SendFree58.00RD$57,998Under 3 minutes (95% of transfers)
Wise$17.4358.85RD$57,820144 hours
MoneyGram$1.9957.87RD$57,7540-1 days
Ria Money Transfer$0.9957.70RD$57,641Instant
Send $5,000
ProviderFeeReceives
Wise
58.85 · 144 hours
Paysend
58.50 · 2 days
InstaReM
58.28 · 1-3 business days
TapTap Send
58.00 · Under 3 minutes (95% of transfers)
MoneyGram
57.87 · 0-1 days
Ria Money Transfer
57.70 · Instant
ProviderFeeRateReceivesSpeed
Wise$8.2658.85RD$293,742144 hours
Paysend$1.9958.50RD$292,3762 days
InstaReMFree58.28RD$291,4041-3 business days
TapTap SendFree58.00RD$289,992Under 3 minutes (95% of transfers)
MoneyGram$1.9957.87RD$289,2300-1 days
Ria Money Transfer$0.9957.70RD$288,435Instant
How much does it cost to send money from to Dominican Republic?
Transfer fees to Dominican Republic vary by provider and how you pay. Specialist services charge RD$0–10 per transfer, while banks charge $25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total DOP your recipient receives.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically $0–$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (58.8338).
Ways to send money to Dominican Republic
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
Cash pickup is extremely popular in the Dominican Republic. The country has a massive diaspora in the United States (especially New York), and remittances are a critical part of the economy. Bank deposits are growing as financial inclusion improves.
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Google Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
How can my recipient receive money in Dominican Republic?
Your recipient in Dominican Republic can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit
1–2 business days
Direct transfer to Dominican bank accounts. The standard method for banked recipients.
RemitlyWorldRemitWestern UnionMoneyGram
Cash Pickup
Minutes
Collect cash from agent locations across the Dominican Republic — very popular method given the large diaspora in the US.
Western UnionMoneyGramRia Money TransferRemitly
Home Delivery
Same day to 2 days
Cash delivered to the recipient's doorstep in major Dominican cities including Santo Domingo and Santiago.
Remitly
What are the transfer limits and regulations for Dominican Republic?
Important rules and requirements to know before sending money to Dominican Republic.
Regulatory body
Superintendencia de Bancos de la Republica Dominicana
Inbound transfer limits
No cap on incoming remittances — remittances are a major source of foreign exchange
Documentation you may need
- Sender's government-issued photo ID
- Recipient's cedula for cash pickup
- Source of funds documentation for large amounts
Important things to know
- The Dominican Republic receives over $10 billion annually in remittances, primarily from the US.
- The Dominican peso (DOP) has experienced gradual depreciation — compare exchange rates carefully.
- Cash pickup is the most widely used method, with agent locations in every major town.
- Some providers offer deposit directly to popular Dominican banks within minutes.
How long does it take to send money to Dominican Republic?
Most transfers to Dominican Republic arrive within 1–2 business days with specialist providers. Mobile wallet and cash pickup options are often available within minutes. Bank deposits typically take 1–3 business days.
FastExpress delivery
- TapTap SendUnder 3 minutes (95% of transfers)
- Ria Money TransferInstant
- BOSS MoneyInstant
- Xoom (PayPal)Minutes to 3 days
Standard delivery
- Paysend2 days
- InstaReM1-3 business days
- Wise144 hours
- MoneyGram0-1 days
- Western Union0-8 days
Popular banks in Dominican Republic
These are the most commonly used banks for receiving international transfers in Dominican Republic.
BankSWIFT/BICNotes
Banco Popular Dominicano
BABORDO1XXX
Banreservas
BRESDOSD
Banco BHD Leon
BHDLDOSD
Scotiabank Dominican Republic
NABORDO1XXX
Banco Santa Cruz
BSCRDOSD
Asociacion Popular de Ahorros y Prestamos
APAPORDO
USD to DOP Exchange Rate History
Daily best exchange rates from top providers over the last 55 days. Rates shown are for sending $100.
| Date | Xoom (PayPal) | Wise | __mid Market__ | Ria Money Transfer | InstaReM |
|---|---|---|---|---|---|
| Trend | |||||
| May 20 | 54.1209 | 58.8470✓ | 58.0000 | 57.7000 | 58.2782 |
| May 19 | 54.1702 | 58.9500✓ | 58.0000 | 57.8100 | 58.5799 |
| May 18 | 54.5849 | 59.4355✓ | 58.0000 | 58.3700 | 58.9840 |
| May 17 | 54.6391 | 59.4405✓ | 58.0000 | 58.3700 | 58.7951 |
| May 16 | 54.6391 | 59.4405✓ | 59.1186 | 58.3700 | 58.7951 |
| May 15 | 54.7458 | 59.4650✓ | 59.3819 | 58.5700 | 59.1360 |
| May 14 | 54.7330 | 59.4330✓ | 59.3819 | 58.5700 | 58.8335 |
| May 13 | 54.4808 | 59.2730 | 59.5000✓ | 59.5000✓ | 58.4078 |
| May 12 | 54.2856 | 59.0080 | 59.5000✓ | 59.5000✓ | 58.4770 |
| May 11 | 54.4091 | 59.2255 | 59.5000✓ | 59.5000✓ | 58.6659 |
| May 10 | 54.4091 | 59.2255 | 59.5000✓ | 59.5000✓ | 58.6659 |
| May 9 | 54.4091 | 59.2255 | 59.5000✓ | 59.5000✓ | 58.6659 |
| May 8 | 54.5796 | 59.3635 | 59.5000✓ | 59.5000✓ | 58.8946 |
| May 7 | 54.6085 | 59.3835 | 59.5000✓ | 59.5000✓ | 58.9611 |
| May 6 | 54.6640 | 59.4840 | 59.5000✓ | 59.5000✓ | 59.0218 |
| May 5 | 54.6935 | 59.5055✓ | 59.5000 | 59.5000 | 59.0322 |
| May 4 | 58.0824 | 59.4105 | 59.5000✓ | 59.5000✓ | 58.9144 |
| May 3 | 58.1943 | 59.5250✓ | 59.5000 | 59.5000 | 58.9144 |
| May 2 | 58.1943 | 59.5250✓ | 59.5000 | 59.5000 | 58.9144 |
| May 1 | 58.2046 | 59.5355✓ | 59.5000 | 59.5000 | 59.1406 |
| Apr 30 | 58.2921 | 59.6250✓ | 59.5000 | 59.5000 | — |
| Apr 29 | 58.1455 | 59.4750 | 59.5000✓ | 59.5000✓ | — |
| Apr 28 | 58.0501 | 59.3005 | 59.5000✓ | 59.5000✓ | — |
| Apr 27 | 57.9695 | 59.2945 | 59.5000✓ | 59.5000✓ | — |
| Apr 26 | 57.9695 | 59.2945 | 59.5000✓ | 59.5000✓ | — |
| Apr 25 | 57.9695 | 59.2945 | 59.5000✓ | 59.5000✓ | — |
| Apr 24 | 58.2173 | 59.5055✓ | 59.5000 | 59.5000 | — |
| Apr 23 | 58.2870 | 59.6490✓ | 59.5000 | 59.5000 | — |
| Apr 22 | 58.3840 | 59.7450✓ | 59.5000 | 59.5000 | — |
| Apr 21 | 58.6826 | 59.9575✓ | 59.5000 | 59.5000 | 59.3816 |
| Apr 20 | 58.8675 | 59.9710✓ | 59.5000 | 59.5000 | 59.3950 |
| Apr 19 | 58.8709 | 60.2540✓ | 59.5000 | 59.5000 | 59.6752 |
| Apr 18 | 58.8709 | 60.2540✓ | 59.5000 | 59.5000 | 59.6752 |
| Apr 17 | 58.7433 | 60.2865✓ | 59.5000 | 59.5000 | 59.7074 |
| Apr 16 | 58.6218 | 60.1560✓ | 59.5000 | 59.5000 | 59.4375 |
| Apr 15 | 58.4828 | 59.8950✓ | 59.5000 | 59.5000 | 58.8945 |
| Apr 14 | 58.4214 | 59.6905✓ | 59.5000 | 59.5000 | 59.0933 |
| Apr 13 | 58.4166 | 59.8145✓ | 59.5000 | 59.5000 | 59.0243 |
| Apr 12 | 58.5538 | 59.9550✓ | 59.5000 | 59.5000 | 59.1629 |
| Apr 11 | 58.5538 | 59.9550✓ | 59.5000 | 59.5000 | 59.1629 |
| Apr 10 | 58.7535 | 59.9735✓ | 59.5000 | 59.5000 | 59.6599 |
| Apr 9 | 59.2535 | 60.4500✓ | 59.5000 | 59.5000 | 60.0873 |
| Apr 8 | 59.2657 | 60.6500✓ | 59.5000 | 59.5000 | 59.8885 |
| Apr 7 | 59.4229 | 60.7690✓ | 59.5000 | 59.5000 | 60.1788 |
| Apr 6 | 59.4529 | 60.7205✓ | 59.5000 | 59.5000 | 60.1867 |
| Apr 5 | 59.4350 | 60.7210✓ | 59.5000 | 59.5000 | 60.1867 |
| Apr 4 | 59.4350 | 60.7210✓ | 59.5000 | 59.5000 | 60.1867 |
| Apr 3 | 59.4897 | 60.7220✓ | 59.5000 | 59.5000 | 60.0376 |
| Apr 2 | 59.4027 | 60.8375✓ | 59.5000 | 59.5000 | 60.1867 |
| Apr 1 | 59.0863 | 60.6050✓ | 59.5000 | 59.5000 | 59.8984 |
| Mar 31 | 59.0469 | 60.4445✓ | 59.5000 | 59.5000 | 59.6887 |
| Mar 30 | 58.9229 | 60.5255✓ | 59.5000 | 59.5000 | 59.3816 |
| Mar 29 | 58.8023 | 60.4630✓ | 59.5000 | 59.5000 | 59.1629 |
| Mar 28 | 58.7491 | 60.4105✓ | 59.5000 | 59.5000 | 59.2143 |
| Mar 18 | 59.1278 | 60.0975✓ | 60.0975✓ | — | 59.6305 |
Common questions about sending money from to Dominican Republic
What is the cheapest way to send money to the Dominican Republic?
Remitly, Ria, and Wise are typically the cheapest for USD-to-DOP bank transfers. Western Union and MoneyGram are competitive for cash pickup delivery. On a $500 transfer, differences between providers can be DOP 500–2,000. Always compare total DOP received, as the exchange rate markup is the biggest cost variable.
How long does a transfer to the Dominican Republic take?
Cash pickup through Caribe Express or Vimenca is available within minutes. Bank deposits via Remitly or Wise arrive within 1–2 business days. Western Union mobile and digital delivery to Dominican banks can be same-day for transfers sent before a daily cut-off.
What bank details are needed to send money to the Dominican Republic?
You need the recipient's account number, full name, and the bank's SWIFT code. Key SWIFT codes: Banco Popular Dominicano (BPDODOSD), Banreservas (BRDOMASD), BHD León (BHDLDOMM). Dominican accounts can be in DOP or USD — confirm with your recipient which currency they prefer to receive in.
Are remittances taxed in the Dominican Republic?
No income tax applies to personal inbound remittances in the Dominican Republic. The DGII (tax authority) does not classify family support transfers as taxable income. Large commercial transfers may be scrutinised, but personal remittances are explicitly protected as an economic lifeline.
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