How to transfer money to Banco De Reservas, Dominican Republic

Banreservas

Banco De Reservas, also known as BanReservas, is the largest bank in the Dominican Republic. It provides personal and business banking solutions in the Dominican Republic and processes international remittances for more than two million Dominicans who live abroad and are sending money home.

With so many Dominicans now living in the US and Europe, we’ve partnered with Banco De Reservas to make it faster, easier and cheaper to send money home to the Dominican Republic.

Send money to the Dominican Republic with WorldRemit

With WorldRemit, you can send money to the Dominican Republic online. All it takes is a few seconds to create a free account and then you can make 24/7 remittances using any device.

There are two ways to send money to Banco De Reservas in the Dominican Republic. You can use our bank deposit service to send money directly to the checking and savings accounts of your family and friends. Or, if you really need to transfer money very fast, our cash pickup service is perfect. It can be used to send money that can be collected in cash from any branch of Banco De Reservas within minutes.

Make a bank transfer to Banco De Reservas in the Dominican Republic

All you need is your recipient’s full name as it appears on their bank statement, their address and their bank account details (bank name, account type and account number) to make a bank transfer to a Banco De Reservas account. Once the transfer is complete, the funds will usually be credited on the same working day.

  1. Select the ‘Bank Transfer’ service in the calculator at the top of this page
  2. Select the payout-network (choose whether to send to a US Dollar (USD) or Dominican Peso (DOP) account)
  3. Enter the amount you want to send
  4. You’ll see our exchange rate and low fee upfront
  5. Click the ‘Send Money’ button
  6. Choose your payment method and pay online
  7. We’ll send you and your recipient SMS and email notifications once the funds have been credited

The maximum limit for bank transfers to Banco De Reservas accounts is DOP 153,000 (approximately USD 3,000).

Send money for cash pickup to Banco De Reservas in the Dominican Republic

You can also send money to Banco De Reservas using our cash pickup service. Once you complete the transfer on our website or our app, the cash will be available to collect from any branch of Banco De Reservas, usually within minutes. All you need to do is:

  1. Select the ‘Cash Pickup’ tab on this page
  2. Choose ‘Banco De Reservas’ as the payout-network
  3. Enter the amount you want to send
  4. Click the ‘Send Money’ button
  5. Choose your payment method and pay online
  6. You and your recipient will be sent SMS and email notifications once the transfer is made and the cash is ready to collect

To collect the cash, your recipient must quote “BTS” and the 11-digit transfer number we’ll send you by SMS and show one form of government-issued ID (passport, national ID card or driving licence).

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