However, if you send more than $150, they will charge a 6% fee.Ī flat fee of 50 pesos is charged for all domestic transfers below 1,000 pesos. This is a relatively high rate, as is typical for money transfers in small amounts. Transfer Feesįor international transfers, you will have to pay a flat fee of around $10 to send $150 or less. They are less transparent than most similar money transfer services, but their rates end up falling well within the average rates. Information on exchange rates offered by Caribe Express is harder to find. This is within the typical range charged by other financial institutions. Looking at a few of Caribe Express’s quotes, you can quickly see that their margin is approximately 1% above the mid-market rate. Rates may vary slightly depending on the currency or banking system. Like many money transfer providers, Caribe Express charges a small margin on top of the normal currency exchange rates. This is normal for a money transfer service. Caribe Express Exchange Rates and FeesĬaribe Express charges a mix of exchange rate margins and transfer fees. Let’s put the spotlight on Caribe Express and see what they have to offer you. On top of that, they have locations spread all throughout Santo Domingo and several other locations around the country. Their stand-out features include home delivery of remittance payments and cooperation with other online money transfer services. They aim to facilitate fast, affordable transfers between the Dominican Republic, the United States, Spain, and a few other Central American and Caribbean countries.Ĭaribe Express focuses both on remittances and one-off online payments. To support its mission, Caribe Express has a network of over 170 facilities across the Dominican Republic. The service is a part of a broader financial services company that offers document support as well. Caribe Express offers money transfer services within, to, and from, the Dominican Republic.
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