What do you need to know to open a Dominican bank account?

Moving to a foreign country mostly also requires the step to open a bank account. Here is some information that you need to know for opening an account in the Dominican Republic.

The one bank we can recommend is called Banco Popular. They require the following documents for opening a saving or checking account:

1. A copy of your identity

2. A document showing your income. Either a reference letter from the company you are working for or a copy of your payroll from the last 3 months or a bank statement.

3. The minimum account to open a US$ Dollar account is $500.00 and the minimum account for the RD$ Peso account is RD$500.00

In Spanish: 

Requisitos Productos Requisitos Cuentas Corrientes personales:

Copia de la cédula de identidad

Documento que justifique los ingresos (carta de referencia laboral o copia de los últimos tres (3) estados de la cuenta nómina en otra entidad financiera)

Depósito mínimo de apertura para la cuenta en Pesos es RD$500.00 y la cuenta en Dollares es $500.00

Completar la declaración de cliente sobre el Convenio de Productos y Servicios