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Wednesday, January 28, 2009

Tips on Sending Money to the Dominican Republic

By Chloe Banks

There are a variety of ways to send money quickly to the Dominican Republic. The level of security, cost and amount of time it takes for money to arrive differ for each service.

In case of an emergency, a person sending money to the Dominican Republic may need to make the money available as quick as possible. It is important to know what options might work best when time is the most important factor in making a money transfer. The most important thing to remember is not to panic, but to prepare now to have everything in place to initiate a transfer when necessary.

Often sending money online is easiest and quickest way to get money to El Salvador. Services such as ATM Cash allow you to send money 24/7 from your computer.

Another way to insure that the recipient in the Dominican Republic will have access to money quickly is to make sure that they have an ATM or debit card in their possession. If the recipient is a member of your family or someone trustworthy, it may be useful for them to have a bank card linked to your savings or checking account.

If you are comfortable with the cardholder having access to your account at all time, they can have a card and PIN number to access cash through an ATM machine. If you do not want the recipient to have access to money at all times, a pre-paid debit card is a good solution. 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 steps are some ways that will help ensure that money arrives quickly when you need it.

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