MONEY:

Understanding currency exchange, when to use cash or cards, and how to avoid money mistakes can help you save and travel smoothly. This guide covers everything you need to manage your money wisely in the Dominican Republic.

What Currency is Used in the Dominican Republic?

The official currency of the Dominican Republic is the Dominican Peso (DOP). However, U.S. dollars (USD) are widely accepted in tourist areas, hotels, and many businesses. Some places also accept Euros, but it’s less common.

Exchange Rate

Cash vs. Credit Cards: What’s Best?

  • Cash is king for small purchases, taxis, and local markets.

    Always carry some cash (preferably small bills) for transportation, tipping, and local businesses.

  • Credit cards (Visa and MasterCard) are widely accepted in hotels, restaurants, and major stores.

    American Express is accepted in fewer places.

  • Be cautious when using credit cards: When using a credit card in restaurants, ask for the machine to be brought to your table instead of handing over your card.

  • Some businesses charge an extra fee for card payments, so ask before using your card.

Best Way to Get Cash in the Dominican Republic

  • ATMs in the Dominican Republic only dispense Dominican Pesos and are widely available in cities and tourist areas.

  • Use ATMs located inside banks for security and lower fees. Be aware of daily withdrawal limits. Keep your ATM receipts in case of any issues with your bank.

  • The largest banks include:

    • BanReservas: The largest bank in the country, owned by the state

    • Banco Popular Dominicano: The largest private bank in the Dominican Republic

    • Scotiabank: This international bank offers easy access to money through ATMs, and it’s a reliable option for tourists from Canada.

    • Banco BHD León: Another large Dominican bank.

  • You can only get U.S. dollars in cash from banks in the Dominican Republic. To withdraw or exchange money, you must bring your passport.

  • Avoid using street money changers to prevent scams.

  • Check with your bank about foreign transaction fees before using your debit card.

Where to Exchange Money

  • Exchange money at banks, and official exchange offices ("casas de cambio") for the best rates.

    Avoid exchanging money at the airport, as rates are usually poor.

    Some resorts offer currency exchange, but rates may not be the best.

  • Best Casas de Cambio in the Dominican Republic

    1. Agente de Cambio Quezada – Reliable exchange house with competitive rates in Santo Domingo and Punta Cana.

    2. Caribe Express – A major money exchange and remittance service with locations nationwide.

    3. Data Vimenca – Trusted exchange service, part of Western Union, with locations across the country.

  • Always count your money before leaving the exchange office to avoid being shortchanged. Some exchange offices offer better rates for larger amounts, so ask before exchanging.

Can You Use U.S. Dollars in the Dominican Republic?

Yes, but not everywhere. Tourist areas, hotels, and many restaurants accept U.S. dollars,

  • Keep in mind that the exchange rate might not always be in your favor. For a better rate, consider converting to pesos for small purchases or shopping outside the main tourist areas.

  • Be aware of currency confusion—some dishonest vendors may try to give back change in pesos instead of dollars (if you paid in USD) at an unfavorable rate.

  • Tip: Use Viator for your tours and activities in the Dominican Republic and pay in U.S. Dollars.

  • Did You Know? In the Dominican Republic, big-ticket items like cars and real estate are often purchased in U.S. Dollars instead of pesos! This is a reflection of how important the USD is in the local economy.

Tipping in the Dominican Republic

  • Restaurants: include usally a 10% service charge, but an extra tip of 5-10% is appreciated.

  • Taxis and tour guides: No set rule, but a 10% tip is appreciated.

  • Hotel staff: $2-$5 per service (bellhops, housekeeping, concierge).

  • Bars: Tip 10% if service is not included.

  • Airport baggage handlers: $2-$5 per bag.

  • Read more about tipping in this blog post

How Much Money Should You Bring to the Dominican Republic?

This depends on your travel style. Here’s a rough estimate:

  • Budget travelers: $30-$50 per day (local food, public transport, budget stays).

  • Mid-range travelers: $75-$150 per day (nicer restaurants, activities, comfortable hotels).

  • Luxury travelers: $200+ per day (resorts, fine dining, private tours).

  • Excursion and tour costs: Guided tours and activities can range from $50-$250 per person, so plan accordingly. Book your tours online before travel to safe time and money

  • Souvenirs: Handmade crafts, rum, and cigars can cost anywhere from $10 to $100+. Learn more about souvenir shopping

Apple Pay and Digital Payments in the Dominican Republic

Apple Pay, Google Pay, and Samsung Pay are not widely accepted in the Dominican Republic. Most local businesses, taxis, and markets do not support contactless payments, so always carry cash or a physical credit/debit card.

However, some large hotels, supermarkets and international chains may accept Apple Pay. Always ask before assuming you can use it. If you rely on digital payments, bring a physical card as a backup.

How to Send Money to the Dominican Republic

If you need to send or receive money (Cash Pickup or Bank Deposit), here are the best options:

  • Western Union – Instant cash pickup at thousands of locations.

  • MoneyGram – Similar to Western Union, widely available.

  • Remitly – Send money online for bank deposits or cash pickup.

  • Xoom (by PayPal) – Quick transfers to banks or pickup locations.

  • Wise (formerly TransferWise) – Sends money directly to Dominican bank accounts with great exchange rates.

  • Revolut – Good for international transfers if the recipient has a local bank account

  • Always compare fees and exchange rates before sending money—some services charge hidden fees in the exchange rate

Common Money Scams to Avoid

  • Overcharging tourists: Always check prices before paying. Read more

  • Fake currency: Only accept change in official banknotes.

  • Credit card skimming: Use ATMs at banks, not on the street.

  • Taxi scams: Agree on a price before getting in, or use ride-sharing apps where available.

  • Shortchanging: Always count your change carefully after making a purchase.

  • Fake tour operators: Only book excursions with reputable companies. Learn more about booking excursions safely

Conclusion

✅ Bring a mix of cash and cards.

✅ Use bank ATMs for cash withdrawals.

✅ Exchange money at official locations for the best rates.

✅ Carry small bills for tipping and small purchases.

✅ Be aware of scams and hidden fees.

✅ Keep a copy of your bank's contact information in case of card issues.

Need a Secure Travel Wallet?

To keep your documents and money safe, here are some great travel wallets and accessories:

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