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Monday, February 2, 2009

Fast Ways to Send Money to the Dominican Republic

By Chloe Banks

There are numerous ways to send money to the Dominican Republic. The costs of these services vary, as do the level of security provided for the transfer of funds and amount of time it takes for the money to arrive.

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.

In instances like this it may be easiest to send money using an online service such as ATM Cash, which allows you to send money 24/7 from your computer.

Another way to ensure a quick transfer of money to the Dominican Republic is ensuring the recipient has an ATM or debit card. If the recipient is someone trusted, it's often useful for them to have a bank card linked to your checking or savings account.

As long as your are comfortable with the cardholder having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine. For situations where you do not want the recipient to have unlimited access to the money, a pre-paid debit card is another way to go. It works just like an ATM card except that it is loaded with a specific amount of money.

Once that money has been withdrawn, the cardholder has no access to funds unless the person sending money refills the pre-paid card. The PIN number is given to the cardholder by the person sending money, so a phone call to notify the recipient that money has been added to the card is all it would require to gain access to the funds.

Another way to send money quickly is by opening an account with a bank that has branches in both the Dominican Republic and the U.S. This will 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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