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dmoney
07-20-2012, 02:34 PM
this question is for the STI frequent travelers. i will be landing in STI next month (my first time). Is there a place to exchange money inside the airport or close to the airport?

i will be taking the metro to get to sosua. I only want to change about 20-30 dollars to cover the taxi and the metro fee.

Some might say why not pay them in dollars. In my experience it is better to pay in the countries currency. I find that you are less likely to be ripped off (there is always chance of course).


For those thinking of using your bank back home... DON'T. i called mine today (PNC) to see if i could get a few pesos just to get me by. They told me that i need to exchange a miminum of $250 (ok cool no problem) but then i ask her what rates would i be getting. I knew they would not give me the current market rate of $1 to 39 pesos, they need their cut of course:lol: (i was thinking 36 or 37). She tells me 34 :2up:.

So i decline. I have not exchanged at the airport in the DR before but something tells me its more than 34. Especially $250 worth.


Anyways hopefully someone can help

Thanks in advance

Irie
07-20-2012, 02:41 PM
Can't help you on this one as I've never been through there before.

If you know you are going to return to the DR at some point in the future, just make sure you bring a few pesos back with you. I usually bring 3000 to 5000 back with me on each trip. This way if I get in at an odd hour, I don't have to worry about "starter" money.

uncle ruckus
07-20-2012, 03:04 PM
this question is for the STI frequent travelers. i will be landing in STI next month (my first time). Is there a place to exchange money inside the airport or close to the airport?



I know there's an ATM, but I haven't seen a change booth. You're going to have to take a taxi anyway. Have the taxi stop at Supermercado Central or any bank before dropping you off at the Metro stop. You pay the taxi when you get to the destination and Central is less than a 5 minute drive from the Metro.

gulfmariner
07-20-2012, 03:59 PM
Pretty sure there is a cambio near baggage pick up , no idea of hours of operation ..

El-Rey
07-20-2012, 04:01 PM
In the airport they only give 36 or 37 if Im not mistaken. Best to hit up atm

DCIronman
07-20-2012, 04:09 PM
What time are you getting in? Your available options will depend upon this? There is a bank at STI. But it will be closed if you come in really late.

And PNC is giving you 34 to 1? Hmm. That weird because my new travel account is with PNC. And I like them because they don't have ATM fees. The only chance I've had to use that account, though, was on my last trip to Medellin. And I'm positive that they gave me the exact going rate. But ATMS in Medellin are far and away better than the ones anywhere in the DR because the first thing they do with any transaction is tell you what exchange rate you're getting (at least the ones on Poblado Ave. do). I've yet to find an ATM in the DR that does that.

Banco Popular, as well as most of the other major banks, always gives me the exact going conversion rate. And I trust the banks more than I do your average neighborhood cambio.

There's also a brand new La Sirena close to the airport. And there are banks and ATMs inside. But it closes way before
Supermercado Central does. And if you're coming in really late (2-3am), there will be putas at Supermercado Central getting food and hanging out.:corky:

DCIronman
07-20-2012, 04:12 PM
In the airport they only give 36 or 37 if Im not mistaken. Best to hit up atm

Do you mean the currency exchange counter at the airport, or the bank at the airport?

The exchange kiosk will rip you off horribly. But you should be fine at the bank/ATM.

Rubicon
07-20-2012, 04:20 PM
I don't recall seeing a Cambio either but, in all honesty, I've never looked for one as I've always had several thousand pesos upon arrival.

As far as the taxis are concerned, I've been quoted $20.00 (veinte dolares) on several occasions, and I then correct them with seis ciento pesos, and they agree. I look Dominican and can speak the limited Spanish I do speak well, so that might be what covers me.

dmoney
07-20-2012, 04:28 PM
What time are you getting in? Your available options will depend upon this? There is a bank at STI. But it will be closed if you come in really late.

And PNC is giving you 34 to 1? Hmm. That weird because my new travel account is with PNC. And I like them because they don't have ATM fees. The only chance I've had to use that account, though, was on my last trip to Medellin. And I'm positive that they gave me the exact going rate. But ATMS in Medellin are far and away better than the ones anywhere in the DR because the first thing they do with any transaction is tell you what exchange rate you're getting (at least the ones on Poblado Ave. do). I've yet to find an ATM in the DR that does that.

Banco Popular, as well as most of the other major banks, always gives me the exact going conversion rate. And I trust the banks more than I do your average neighborhood cambio.

There's also a brand new La Sirena close to the airport. And there are banks and ATMs inside. But it closes way before
Supermercado Central does. And if you're coming in really late (2-3am), there will be putas at Supermercado Central getting food and hanging out.:corky:

i arrive at noon. i am thinking of just stopping at the supermercado central for change. like i said i only need a little bit (just need to pay the taxi and metro). I will do the rest of my exchanging in the WU in sosua.

As for the PNC i was referring to ordering a currency exchange not the atm. The take $250 out of your account to order you $250 worth of pesos. You get to pick it up within 4 days.

i would rather be ripped off my airline exchange for only 20-30 bucks than have the bank rip me off for $250. Plus based on what you said the airline rate is more than what the bank lady quoted me.

DCIronman
07-20-2012, 04:49 PM
i arrive at noon. i am thinking of just stopping at the supermercado central for change. like i said i only need a little bit (just need to pay the taxi and metro). I will do the rest of my exchanging in the WU in sosua.

As for the PNC i was referring to ordering a currency exchange not the atm. The take $250 out of your account to order you $250 worth of pesos. You get to pick it up within 4 days.

i would rather be ripped off my airline exchange for only 20-30 bucks than have the bank rip me off for $250. Plus based on what you said the airline rate is more than what the bank lady quoted me.
Do what is more convenient for you. But you won't get any better rate at Western Union, than you will at a bank. Which will be open when you arrive.

officemgr
07-20-2012, 04:54 PM
there is a banco popular there. atm and mini branch/exchange

tarzan
07-20-2012, 08:36 PM
I notice you're from NJ, if you're in the newark area and want to meet for a drink, I can change you some.

GREEKFREAK
07-20-2012, 08:53 PM
As soon as you leave the airport there's a money exchange place directly outside. The rates are very reasonable... Almost true to the actual rate..

uncle ruckus
07-20-2012, 10:08 PM
As soon as you leave the airport there's a money exchange place directly outside. The rates are very reasonable... Almost true to the actual rate..


I must be in the same boat as Rubicon. I must have missed the bank and cambio booth sinc e I'm more focused on finding whoever is picking me up. The only thing I remember is the duty free at the luggage carousel and the booths between the two exits.

DCIronman
07-20-2012, 10:14 PM
I must be in the same boat as Rubicon. I must have missed the bank and cambio booth sinc e I'm more focused on finding whoever is picking me up. The only thing I remember is the duty free at the luggage carousel and the booths between the two exits.

I dunno about the cambio (never use them). But the Bank is right outside. I always use the ATM there.

GREEKFREAK
07-20-2012, 10:16 PM
I must be in the same boat as Rubicon. I must have missed the bank and cambio booth sinc e I'm more focused on finding whoever is picking me up. The only thing I remember is the duty free at the luggage carousel and the booths between the two exits.


I am 110 percent positive that it's directly outside when u get out on the left hand side... Connected to the airport... I was just there last April.. to answer your Direct message .. Your fine .. And the rate was like 37 as well

GREEKFREAK
07-20-2012, 10:18 PM
I dunno about the cambio (never use them). But the Bank is right outside. I always use the ATM there.

It might just be a bank then. I couldn't tell the difference maybe

DCIronman
07-21-2012, 01:04 AM
Do what is more convenient for you. But you won't get any better rate at Western Union, than you will at a bank. Which will be open when you arrive.


www.xe.com has the DOP at 39.00 per dollar. And Banco Popular RD's website currently has the DOP listed at 39.16 per dollar. So that's the rate you'll get at it's banks and ATMs.

dquick
07-21-2012, 04:32 AM
In the airport they only give 36 or 37 if Im not mistaken. Best to hit up atm

Agreed. I use ATMs all the time and there is one in STI. ATM is the way to go, but there are a couple of things you should check.

1. Call your bank and find out what the fee is for using a foriegn ATM. Some banks have a high fee attached to this.

2. Make sure you tell your bank about your trip to the DR. Banks will cut off ATM cards after one use as well, unless you report the trip to them.

3. Make sure your ATM pin is 4 digits. 6 digit pins may give you problems in other countries.

theheights718
07-21-2012, 08:33 AM
quick question...

if you take cash into the banks out there...how much do they charge for exchanging the money for you? Or do you have to have an account with that bank?

My bank charges crazy international ATM rates so I only use cash and always exchange when I am in town at the cambios or WU.

TNT72
07-21-2012, 11:41 AM
quick question...

if you take cash into the banks out there...how much do they charge for exchanging the money for you? Or do you have to have an account with that bank?

My bank charges crazy international ATM rates so I only use cash and always exchange when I am in town at the cambios or WU.

Banks won't charge you anything to exchane US cash to pesos. You just need to remember to take your passport. I do it every once in a while.

BigLongBeach
07-21-2012, 02:13 PM
Agreed. I use ATMs all the time and there is one in STI. ATM is the way to go, but there are a couple of things you should check.

1. Call your bank and find out what the fee is for using a foriegn ATM. Some banks have a high fee attached to this.

2. Make sure you tell your bank about your trip to the DR. Banks will cut off ATM cards after one use as well, unless you report the trip to them.

3. Make sure your ATM pin is 4 digits. 6 digit pins may give you problems in other countries.

ATM is the way to go but...
ATMs run out of money too. Carry $50-$100 in small bills. You need to know the exchange rate. If they charge to 500rd give them $15 do you want to worry $1.80 on your vacation. Be open to spending a few extra dollars while you settle in.