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Thread: Scotia Bank in Sosua Closed.

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    Scotia Bank in Sosua Closed.

    Just heard the the Scotia Bank in Sosua is closed.

    Can't find the link at the moment but can anyone one the ground confirm?

    Thanks.
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    Re: Scotia Bank in Sosua Closed.

    Yes confirmed it has closed. Cabarete branch still open.

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    Re: Scotia Bank in Sosua Closed.

    Thank you Sir.

    That' gonna suck for some BofA clients...
    Quote Originally Posted by WickedWillie View Post
    Yes confirmed it has closed. Cabarete branch still open.

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    Re: Scotia Bank in Sosua Closed.

    It's unusual for one of my Canadian banks to close like that.

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    Re: Scotia Bank in Sosua Closed.

    Is it? In Canada yes but outside of Canada, happens a lot. Think US expansion...


    It's just a branch that closed, it's not like they've completely pulled out. There's another one 15 minutes away in the next major town east.
    Quote Originally Posted by exoticspirit View Post
    It's unusual for one of my Canadian banks to close like that.

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    Re: Scotia Bank in Sosua Closed.

    Not sure wusup but there were plenty of times the ATM had no money...
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    Re: Scotia Bank in Sosua Closed.

    What is the current exchange rate now in the DR? Who is offering the best rate in sosua?

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    Re: Scotia Bank in Sosua Closed.

    Quote Originally Posted by vpchill View Post
    Not sure wusup but there were plenty of times the ATM had no money...
    I used the Scotia ATM almost every day on my last 3 week trip and only once was it out of money. I just read on DR1 that they are leaving the ATM in Sosua. This is good news for me as last year I switched to Scotia Bank in Canada mainly so I could withdraw money in Sosua without charges during the 3 months a year I spend there.
    Last edited by snoozer; 10-23-2012 at 01:31 AM.


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    Re: Scotia Bank in Sosua Closed.

    I don't see anything in news or on the website. Would anyone in DR ask for a response here:

    Contacte nuestro Departamento de Relaciones Públicas
    Correo Electrónico: mercadeord@scotiabank.com
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    Re: Scotia Bank in Sosua Closed.

    Quote Originally Posted by questner View Post
    I don't see anything in news or on the website. Would anyone in DR ask for a response here:

    Contacte nuestro Departamento de Relaciones Públicas
    Correo Electrónico: mercadeord@scotiabank.com
    Teléfono: (809) 545-8492
    What are you trying to ask them?

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    Re: Scotia Bank in Sosua Closed.

    Quote Originally Posted by snoozer View Post
    What are you trying to ask them?
    For a confirmation of a closure. Is it temporary or permanent? What will happen to clients files, will they get assigned to Cabarete or Puerto Plata branches? Is there any correspondence sent to clients? All general FAQ. Again, their website has nothing on this change. I've got some interest in the branch being there, also it means something to gauge what's going on in town.

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    Re: Scotia Bank in Sosua Closed.

    Quote Originally Posted by questner View Post
    For a confirmation of a closure. Is it temporary or permanent? What will happen to clients files, will they get assigned to Cabarete or Puerto Plata branches? Is there any correspondence sent to clients? All general FAQ. Again, their website has nothing on this change. I've got some interest in the branch being there, also it means something to gauge what's going on in town.
    There was a sign on the ATM a couple of weeks ago that said the branch was closing and that it would be absorbed into the Cabarete branch. I assume all accounts and files will be transferred to there. I think it was the least busy bank in town, probably due to its location and size.

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    Re: Scotia Bank in Sosua Closed.

    Quote Originally Posted by Siochana View Post
    Is it? In Canada yes but outside of Canada, happens a lot. Think US expansion...It's just a branch that closed, it's not like they've completely pulled out. There's another one 15 minutes away in the next major town east.

    And the people that work in the main office in Puerto Plata was tired of having to clean up the mess in the Sosua branch
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    Re: Scotia Bank in Sosua Closed.

    The Cabarete branch was recently renovated...

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    Re: Scotia Bank in Sosua Closed.

    The Bank of Nova Scotia in Canada and the International Division are different entities, no problems with insuring accounts etc. They have the same name but are individual.

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    Re: Scotia Bank in Sosua Closed.

    Quote Originally Posted by LJDMV View Post
    What is the current exchange rate now in the DR? Who is offering the best rate in sosua?
    It has gone up everyday.. Was 39.50 a day or two ago. WU and caribe express.. Not even worth getting change off the street with the rates going up daily.

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    Re: Scotia Bank in Sosua Closed.

    Quote Originally Posted by vpchill View Post
    Not sure wusup but there were plenty of times the ATM had no money...
    The ATM ran out of money, because it was a popular bank to use. The limit was 10,000 pesos in one transaction. Other banks have a much lower limit. Also, I trusted this bank because it was a Canadian bank.

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    Re: Scotia Bank in Sosua Closed.

    Quote Originally Posted by dquick View Post
    The ATM ran out of money, because it was a popular bank to use. The limit was 10,000 pesos in one transaction. Other banks have a much lower limit. Also, I trusted this bank because it was a Canadian bank.
    Also from my limited experience, my Bank of america card or ING Direct card didn't work at the Banco Popular

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    Re: Scotia Bank in Sosua Closed.

    That was the only bank I used. My Bank of America card would get rejected at most banks, including Banco Popular. I guess I will be taking more cash than usual my next trip.



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    Re: Scotia Bank in Sosua Closed.

    Confirmed the branch is closed. Clients move to Cabarete branch.

    For now the reliable ATM option is Progreso's ATM near Super Super. 10K DOP withdrawal with a receipt for a 120 peso ATM fee.

    Reminder: Bank Popular ATM is set to dispense cash from foreign accounts when one chooses 'Savings' option. Money still has to be drawn on your chequing one.

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