To send a bank transfer to the Dominican Republic with MAJORITY, give your recipient's name, their Dominican bank, and their DOP account number in the app.
Quick answer
A bank transfer moves US dollars from your account directly into your recipient's Dominican peso (DOP) account at a Dominican bank or savings-and-loan association. You will need your recipient's full name as it appears on the account, the institution that holds the account (such as BanReservas, Banco BHD, Banco Popular Dominicano, or one of the asociaciones), and their account number. Once you confirm the amount and exchange rate in the app, transfers land at the receiving institution in 30 minutes to 5 business days, and most are instant after your first successful transaction.
What you need to know
- A bank transfer deposits DOP directly into your recipient's account at a Dominican institution such as BanReservas, Banco BHD, Banco Popular Dominicano, Banco Santa Cruz, Banesco Banco Múltiple, The Bank of Nova Scotia, or one of the savings-and-loan associations such as Asociación Cibao or Asociación Popular.
- You enter the recipient's full name (as it appears on the account), pick the receiving institution from the in-app dropdown, and enter the local DOP account number.
- The receive currency is the Dominican peso (DOP), and the live USD-to-DOP exchange rate plus the DOP amount your recipient will receive are shown in the app before you confirm.
- Documented delivery time is 30 minutes to 5 business days; after your first successful transaction, most Dominican Republic transfers are instant.
- Your recipient typically has their cédula (Cédula de Identidad y Electoral) on file at their Dominican institution; you do not enter the cédula in the MAJORITY app, but the institution may use it to match the inbound deposit to the right account.
- Bank transfers are included in the membership at $0 per transfer; the membership itself is $5.99 per month.
What you need before you start
A bank transfer to the Dominican Republic is a 3-input process: who is receiving, where the money is going, and how much you are sending. Before you open the app, gather the following from your recipient:
- Full name on the account. The recipient's name must match the account holder name exactly as the Dominican bank or asociación has it on file. A mismatched name is the most common reason a transfer is held or returned.
- Receiving institution. The Dominican bank or savings-and-loan association that holds the account, such as BanReservas, Banco BHD, Banco Popular Dominicano, Banco Santa Cruz, or Asociación La Nacional. The supported institutions appear in a dropdown when you set up the recipient.
- Account number at that institution. Your recipient can find their account number in their bank's mobile app, on a recent bank statement, or by asking a teller at their branch. The account number routes the deposit to the correct account at the receiving institution.
- Your government-issued ID on file. Your verified ID is required as the sender. Once your account is opened, this step is done and does not need to be repeated for each transfer.
If the recipient is unsure which institution holds their account or whether their account is set up to receive international USD-to-DOP deposits, ask them to confirm with their branch before you confirm the transfer.
Dominican institutions supported for bank transfers
Direct deposits are supported to most major Dominican banks and to the savings-and-loan associations (asociaciones de ahorros y préstamos). The list below covers the institutions named in the in-app recipient dropdown and the supporting help article on sending money to the Dominican Republic.
| Institution type | Examples |
|---|---|
| Major commercial banks | BanReservas (Banco de Reservas de la R.D.), Banco BHD, Banco Popular Dominicano, Banco Santa Cruz, Banesco Banco Múltiple, The Bank of Nova Scotia |
| Smaller multiple banks | Banco Múltiple Promerica, Banco Múltiple Ademi, Banco Vimenca, Banco Agrícola de la R.D. |
| Savings-and-credit banks | Banco de Ahorro y Crédito Adopem, Banco de Ahorro y Crédito Fondesa (Banfondesa), Banco de Ahorro y Crédito Fihogar |
| Savings-and-loan associations | Asociación Cibao, Asociación Popular, Asociación La Nacional, Asociación Mocana, Asociación Duarte, Asociación La Vega Real, Asociación Peravia |
The app shows the current full list when you add a recipient. If your recipient's institution is not in the list, ask whether they hold an account at one of the named partners, or consider sending via mobile wallet to the BHD Wallet (Billet) or via cash pickup at Caribe Express, BanReservas, or Banco BHD branches.
Step-by-step: send a bank transfer to the Dominican Republic
The whole process happens inside the app. The process below is the standard path for a first-time bank transfer to a new recipient.
- Open the app and tap Send money.
- Select Dominican Republic as the destination country.
- Select Bank transfer as the delivery method. The alternatives are mobile wallet to the BHD Wallet (Billet) and cash pickup at Caribe Express, BanReservas, or Banco BHD branches.
- Add your recipient. Enter their full name, select their Dominican institution from the dropdown (BanReservas, Banco BHD, Banco Popular Dominicano, an asociación, or another supported partner), and enter their account number. Save the recipient so you can reuse the details next time.
- Enter the USD amount you want to send. The app immediately shows the current USD-to-DOP exchange rate and the exact DOP amount your recipient will receive.
- Review the transfer summary. Confirm the recipient name, the institution, the account number, the USD amount, the DOP amount, the exchange rate, and the estimated delivery time before tapping confirm.
- Authenticate with your PIN or biometrics and submit the transfer.
- Track the transfer on the activity screen. A notification arrives when the funds are released and another when they are deposited to your recipient's Dominican account.
If anything looks off in the summary screen, do not confirm. Tap back, fix the detail, and review again. A returned transfer because of an incorrect account number or mismatched name can take several business days to resolve.
How long a Dominican Republic bank transfer takes
The documented delivery range for a bank transfer is 30 minutes to 5 business days. After your first successful transaction, most Dominican Republic transfers are instant, and the estimated delivery time for your specific send is shown in the app before you confirm.
A few things can push delivery toward the longer end of the range:
- First transfer to a new recipient. Some receiving institutions apply an additional compliance check on the first inbound transfer to a recipient, which is one reason later transfers are typically faster.
- Weekend or public holiday. Some receiving institutions post foreign-currency conversions only on Dominican business days, even when the sending side completes around the clock.
- Mismatched recipient details. A name that does not match the account, an incorrect account number, or a closed account triggers a manual review and can delay or return the transfer.
- Asociaciones vs. major banks. Deposits to the largest commercial banks (BanReservas, Banco BHD, Banco Popular Dominicano) typically post fastest; smaller asociaciones can take longer because of their interbank settlement schedules.
The in-app estimated delivery time is the most accurate number for your specific transfer. It accounts for the receiving institution, the time of day, and any holiday in either country.
What it costs to send a bank transfer to the Dominican Republic
A bank transfer to the Dominican Republic through the membership has two cost components: the monthly membership and the exchange rate.
- The monthly membership is $5.99 per month. It includes unlimited international money transfers in supported countries, including the Dominican Republic, at $0 per transfer regardless of delivery method.
- The exchange rate is the rate at which your US dollars convert to Dominican pesos at the time you confirm the transfer. The rate and the resulting DOP amount appear in the app before you submit, so you can decide based on the actual number your recipient will receive.
There is no per-transfer fee on bank transfers to the Dominican Republic at the member tier, and there is no separate charge for sending to a major bank vs. an asociación. The Dominican receiving institution typically does not deduct a fee on local-currency (DOP) deposits, though policies vary by institution.
What to do next
- Confirm with your recipient that they want a bank deposit (vs. cash pickup at Caribe Express or a deposit to the BHD Wallet), and ask them to send you their full account-holder name, the Dominican institution name, and their account number.
- Open the app, tap Send money, select Dominican Republic, and choose Bank transfer.
- Add the recipient with the details from step 1, enter the USD amount, review the rate and DOP total, and confirm.
- Save the recipient. After the first successful transfer, subsequent sends are a 2-tap process and most arrive instantly.
How MAJORITY can help
MAJORITY is a financial membership for migrants in the US that includes money transfers to more than 30 countries, including the Dominican Republic. Bank transfers to the Dominican Republic land in your recipient's account at most major Dominican banks and savings-and-loan associations, with the exchange rate and estimated delivery time shown in the app before you confirm. There is no per-transfer fee at the member tier, and the membership is $5.99 per month.
Frequently asked questions
What does my recipient need to receive a bank transfer in the Dominican Republic?
Your recipient needs an account at a Dominican institution such as BanReservas, Banco BHD, Banco Popular Dominicano, Banco Santa Cruz, Banesco Banco Múltiple, The Bank of Nova Scotia, or one of the savings-and-loan associations (Asociación Cibao, Asociación Popular, Asociación La Nacional, and others). You enter their full account-holder name, the receiving institution, and their account number when you set up the transfer. The receiving institution typically has the recipient's cédula on file to match deposits to the right account.
Which Dominican banks and asociaciones are supported for bank transfers?
Bank transfers are supported to most major Dominican institutions, including BanReservas, Banco BHD, Banco Popular Dominicano, Banco Santa Cruz, Banco Múltiple Promerica, Banco Múltiple Ademi, Banco Vimenca, Banco Agrícola de la R.D., Banco de Ahorro y Crédito Adopem, Banco de Ahorro y Crédito Fondesa (Banfondesa), Banco de Ahorro y Crédito Fihogar, Banesco Banco Múltiple, The Bank of Nova Scotia, and the asociaciones de ahorros y préstamos (Asociación Cibao, Asociación Popular, Asociación La Nacional, Asociación Mocana, Asociación Duarte, Asociación La Vega Real, and Asociación Peravia). The full list is shown in the app when you add a recipient.
How long does a bank transfer to the Dominican Republic take?
The documented delivery time is 30 minutes to 5 business days, depending on the receiving institution. After your first successful transaction, most Dominican Republic transfers are instant, and the in-app estimate is the most accurate number for your specific transfer.
Is there a fee to send a bank transfer to the Dominican Republic?
There is no per-transfer fee on bank transfers to the Dominican Republic at the member tier. The monthly membership is $5.99 and includes unlimited bank, mobile wallet, and cash pickup transfers to the Dominican Republic. The exchange rate at the time of the transfer applies, and both the rate and the DOP amount appear in the app before you confirm.
Do I need my recipient's cédula to send a bank transfer to the Dominican Republic?
No. You do not enter the Dominican cédula in the MAJORITY app to send a bank transfer; you enter the recipient's full name, their institution, and their account number. The receiving Dominican institution typically already has the recipient's cédula on file and uses it on its side to match the inbound deposit to the correct account.
What ID do I need to send an international bank transfer from the US?
To open an account and send international transfers, you need an international government-issued ID such as a passport or, where applicable, an ID issued by your country of citizenship. No US Social Security Number is required. Once the account is open, the verified ID is on file and no additional ID is required for each transfer.
What happens if I enter the wrong account number or name?
If the account number points to a closed or non-existent account, the transfer is typically held and returned to your balance after the receiving institution rejects it. If the name does not match the account holder on file, the transfer is held for manual review. In both cases, contact support through the app to resolve and reissue the transfer.
Disclosures
The MAJORITY app facilitates banking services through Axiom Bank, N.A. ("Axiom"), Member FDIC. The funds deposited in the account held at Axiom, Member FDIC, are FDIC-insured on a pass-through basis up to $250,000 per depositor in the event Axiom fails and subject to the satisfaction of certain conditions. Non-deposit products or services such as money transfers and telecom services are not FDIC-insured.
MAJORITY Visa® Debit Card is issued by Axiom Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc.