The money goes directly into their bank account in Dominican pesos, with no pickup trip required. From there, your recipient can use it for bills, purchases, savings, card spending, or everyday expenses.
This guide covers how to send money to Banreservas or BHD from the US with MoneyGram. The process is similar across both banks, but a few details are important to get right.
Both options are well supported in the Dominican Republic. The best choice depends on what your recipient needs.
Cash pickup at Caribe Express, BHD Home Delivery, Banco Unión, or Banco Múltiple Ademi is often fast and available within minutes. It can be a good choice when your recipient prefers cash for groceries, transportation, or everyday spending.
Bank transfer to a Banreservas or BHD account may be the better option when your recipient wants the money in their account for bills, savings, debit card use, or future transfers. It can also be more practical for larger amounts.
If you’re not sure, ask your recipient how they’d like to receive the money. The best option is usually the one that’s easiest for them.
Enter the name exactly as it appears on the bank account. Dominican names often include two surnames, such as “Juan Carlos Pérez Ramírez.” If both surnames appear on the account, include both when sending.
You’ll need the full Banreservas or BHD account number. Your recipient can find it on a recent statement, in their bank’s mobile app, or by asking at a branch. Use the full number, not a shortened version.
Dominican banks distinguish between savings accounts, or cuentas de ahorros, and checking/current accounts, or cuentas corrientes. MoneyGram may ask which type of account you’re sending to. Most personal accounts are savings accounts, but ask your recipient to confirm.
Open the MoneyGram® app or visit MoneyGram.com. Create a profile if you’re new, using your basic personal details and a valid US government ID. If you’ve sent before, log in.
Enter the amount you want to send. Choose the Dominican Republic as the destination and direct to bank as the delivery method. Select Banreservas or BHD from the bank list.
Before you confirm, you’ll see the exchange rate, if applicable, fee, estimated timing, and exact amount that will arrive in Dominican pesos or US dollars.
USD Currency Requirement: Receiving bank account must be a USD based account.
DOP Currency Requirement: Receiving bank account must be a DOP based account.
Enter your recipient’s full legal name, including both surnames if they appear on the account. Then enter the account number and account type. Double-check the account number before you continue.
Pay with a US bank account, debit card, or credit card. Review the transfer summary and confirm. Save your 8-digit reference number so you can track the transfer.
Note: When using a credit card, your credit card company may charge a cash advance fee and interest charges.
Banreservas also referred to as Banco de Reservas de la República Dominicana is one of the largest banks in the Dominican Republic, serving personal and business customers across the country. Many recipients use Banreservas accounts for everyday banking, bill payments, savings, debit card spending, and transfers through the bank’s app.
If you’re sending to Banreservas, use the full account number exactly as it appears in your recipient’s app or statement.
BHD is another major bank in the Dominican Republic and was historically known as BHD León. The bank offers savings and checking accounts, along with digital banking tools for everyday use.
BHD can appear as both a direct to bank option and a cash pickup partner through BHD Home Delivery. Make sure you choose the delivery method that works best for your loved ones. If they need money in their BHD account, choose BHD under direct to bank. If they want to collect cash, choose the cash pickup option.
Bank transfers depend on the receiving bank’s processing schedule. A transfer sent during Dominican banking hours may clear faster than one sent over a weekend or Dominican banking holiday.
MoneyGram shows the expected delivery time for your specific transfer during setup. Once the transfer is on its way, you can track it in the MoneyGram app.
The total cost includes the transfer fee and the exchange rate from USD to Dominican pesos. Both vary based on the amount you send, how you pay, and timing.
Before you confirm, MoneyGram shows the fee, rate, estimated timing, and exact amount that will arrive. New MoneyGram customers can send their first transfer with no fee.
This is one of the most common reasons a bank transfer may be held or returned. Ask your recipient to send the number directly from their bank app or statement so you can enter it exactly.
Dominican bank accounts often include both paternal and maternal surnames. Use the full name as it appears on the account.
BHD can appear as a bank transfer option and a cash pickup option. Choose the one your recipient wants. Bank transfer and cash pickup use different details.
Check MoneyGram tracking first. If the transfer shows as complete but your recipient does not see it, ask them to refresh their bank app and check recent transactions. If the funds still do not appear, contact MoneyGram customer service with the reference number.
Yes. Most personal Banreservas accounts are savings accounts and may be eligible to receive international transfers.
You can send to a BHD bank account or choose BHD Home Delivery as a cash pickup option. They are different delivery methods, so choose the one your recipient prefers.
Banreservas’s SWIFT code is commonly listed as BRRDDOSDXXX. You typically will not need it for a MoneyGram transfer because MoneyGram uses the account details entered during setup. SWIFT codes are more common for direct wire transfers from a bank.
Ordinary family remittances are generally not treated as taxable income for the recipient, but large or recurring transfers may have reporting requirements. Your recipient should contact a qualified Dominican tax advisor if this applies.
Yes. The bank historically known as BHD León now operates under the BHD name. The institution, accounts, and account numbers remain connected to the same bank.
