What It Costs to Send Money to Dominican Republic from the US
In the 2024 Q3 World Bank Remittance Prices Worldwide quarterly survey, sending USD 200 from the United States to the Dominican Republic carried a median total cost of 5.13% and an average total cost of 7.41% of the amount sent. Total cost in this survey combines two components: the explicit transfer fee charged by the provider and the exchange-rate margin, which is the difference between the mid-market rate and the rate actually applied to the transaction.
Across the 27 providers surveyed in that 2024 Q3 snapshot, total costs ranged from a low of -1.98% to a high of 22.50%, illustrating substantial variation within the corridor. The cheapest surveyed provider in that specific survey period was Walmart2World. Because this reflects a dated quarterly survey, provider pricing may have changed since that data was collected.
Costs within this corridor can differ depending on how the sender funds the transfer (for example, bank account versus debit or credit card), how the recipient receives the funds, and the amount being sent. The World Bank updates its Remittance Prices Worldwide data quarterly. The per-provider table below presents the individual figures as recorded in the 2024 Q3 survey and should be read as dated survey quotes rather than current live pricing.
Surveyed providers (2024 Q3)
| Provider | Type | Pay-out | Speed (surveyed) | Total cost, $200 | Total cost, $500 |
|---|---|---|---|---|---|
| Walmart2World | Bank | Agent | Less than one hour | -1.98% | -1.98% |
| Ria | MTO | Agent | 3-5 days | 0.95% | 0.58% |
| Walmart2World | Bank | Internet | Less than one hour | 1.00% | 1.00% |
| Ria | MTO | Agent | Less than one hour | 2.50% | — |
| Viamericas | MTO | Agent | Less than one hour | 2.75% | 1.10% |
| Ria | MTO | Agent | Less than one hour | 3.00% | — |
| Remesas Pujols | MTO | Agent | Same day | 3.50% | 3.00% |
| Remesas Pujols | MTO | Agent | Same day | 3.92% | 3.42% |
| Vigo | MTO | Agent | Less than one hour | 4.00% | 1.60% |
| Ria | MTO | Agent | Less than one hour | 4.32% | — |
| Ria | MTO | Agent | Less than one hour | 4.49% | — |
| Ria | MTO | Agent | 3-5 days | 4.74% | 3.24% |
| Cibao | MTO | Agent | Less than one hour | 5.00% | 4.00% |
| Pangea | MTO | Internet | Less than one hour | 5.13% | 3.64% |
Total cost = transfer fee + exchange-rate margin, as a percent of the amount sent, at the two surveyed send amounts ($200 / $500). Surveyed prices, not live quotes.
Estimate your transfer cost →Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org (CC BY 4.0). Figures are from the 2024 Q3 survey — surveyed prices, not live quotes.