ATM's are a great option to get your cash while in Dominican Republic. Just be aware of where and when you use them, as in any country you find yourself. If you only have one card and this is your only way to receive money I would use caution. Many machines are not in the best working order and can eat your card (if you can locate a swipe instead of an insert card ATM machine it is a little safer). If you do decide to take money from a credit card think about entering a bank to do this just to be on the safe side. Use the machine inside the bank or better yet go to the teller and let her get the money out for you, make sure you have your passport with you when doing any bank transaction.             

In Colonial Zone the is a swipe machine located inside Pollo Rey on Calle El Conde.

Here is a list of some of the banks in the country. For some of the banks web sites go to our links page.

ATH Dominicana, Banco BHD, Banco Central de la Republica Dominicana, Banco Mercantil, Scotiabank,    Banco de Reservas, Banco Popular, Banco Agricola, Banco Global, Banco del Progreso, Banco FiduciarioCitibank, Banco BHD, Banco Osaka, Banco Metropolitano        

Picture of the Dominican Peso thanks to wikipedia.org

When paying with larger bills establishments will either rub the bill on something to see if the ink will smear or hold it under a light to look for the water markings. Counterfeiting bills is a big problem in Dominican Republic.

It is best when visiting local establishments to have smaller bills. Most businesses do not have small change and will go to no great effort to make change for you so small bills are defiantly a good thing to have. In some smaller stores they will give you a Chicklet or Halls candy as change if they do not have the correct amount. Do be aware of your change and what you are charged for an item. More information and helps about money in Dominican Republic.

Very rarely will you receive "menudo" (change) when purchasing anything. The smallest coin you will normally receive is 1 peso (in the form of a coin). Many establishments will NOT take bills that are torn or in very bad shape so when you receive money do make sure it is in decent shape (most Colmados will take older money) without pen marks and such.

*NOTE*  I have exchange rate tools from 2 different companies as each gives a slightly different exchange rate. This is the same as exchange houses and banks.Each could have slightly different rates so check around if you have time for the best rates. These exchange rate calculators are good tools to use for a general idea of the exchange rates.

Banks here in Dominican Republic ,in general, are the same as in USA. Most banks one can open an account in Dominican Pesos (DOP) or US Dollars (USD) and other money types as well. Just remember that in Dominican Republic the money in the bank is not insured like in USA (FDIC) and if the bank does collapse, as one did in the recent past, you could lose some cash. Credit cards here can also be had but Dominican Republic has some of the highest incidences of credit card theft in the world. So just be aware.

This is a great tool for finding the exchange rate in Dominican Republic and almost any other country where you might want to visit.

Money / Peso | Picture of Dominican Peso | ATM's | Pre Paid Credit Card | Banks | Investment opportunity Dominican Republic | Exchange Rates | Rush a Passport

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detailed descriptions of the Dominican pesos.

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When your traveling or at home a pre paid credit card might just be the right choice. This way if your card is stolen or lost your main accounts will not be wiped out. Put how much money you need on the card and don't worry.

Dominican Republic does have a very high rate of credit card fraud and thievery.

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The Dominican Peso or Peso Oro is the base currency of the Dominican Republic. The "$" sign is used with "RD$" One peso is worth 100 centavos ("cents").

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Our complete exchange rate tool.