SWIFT/BIC codes in Dominican Republic

Dominican Republic: banks and their SWIFT/BIC codes

This overview covers 191 banks and other institutions in Dominican Republic. Every code identifies a bank or a specific branch or department, so a payment from abroad reaches the right place.

Choose the bank below to see the head office code and its other codes along with tips for payments to and from that bank. The rest of this page covers how the codes work, the cost of transfers and the checks worth doing before a payment.

Banco Central de la Republica Dominicana and its SWIFT codes

In our directory, Banco Central de la Republica Dominicana holds the largest number of SWIFT/BIC codes in Dominican Republic. The head office of Banco Central de la Republica Dominicana uses BCRDDOSXXXX.

Practice differs in whether they register branch codes – a high count is not a measure of size. Unless a branch code is given, BCRDDOSXXXX is fine for a payment to Banco Central de la Republica Dominicana.

Why a transfer to Dominican Republic needs a SWIFT code

Because Dominican Republic does not belong to SEPA, a transfer from abroad is usually sent as a SWIFT payment. That means the payment always needs the BIC of the receiving bank, together with the account number or IBAN.

In some countries, the account is identified by a local account number rather than an IBAN and sometimes a local routing or branch code. Check with the recipient exactly which details their bank requires for incoming international payments. SWIFT payments can pass through correspondent banks.

How reliable is this list?

The best place to find the right code remains paperwork issued by the bank. An incorrect BIC can cause a delay, a returned payment or additional charges, so compare it with the list on this page.

The directory on GoldexPay draws on publicly available sources and is updated regularly. Banks reorganise, close branches and retire codes. For a payment of any size, confirm the code with the recipient. We are a comparison service for money transfers and not part of any bank listed here.

Be wary of payment requests containing changed bank details, especially when they come by email. A real SWIFT code says nothing about who owns the account: criminals use real codes too.

Sending money to Dominican Republic for less

When you transfer money to Dominican Republic via your bank, the stated fee is only part of what you pay. On top of the fee, correspondent banks may deduct a charge, and when the money is converted the bank usually applies a rate below the real market rate.

The real cost is often in the rate, not in the fee: banks convert at a rate with a margin built in. Check the bank’s rate with the mid-market rate.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a bank – mostly thanks to the exchange rate. On GoldexPay you can compare the amount that arrives in Dominican Republic with different services.

How SWIFT codes from Dominican Republic are built

A BIC is 8 or 11 characters long. First comes a four-letter bank code, then two letters for the country and a two-character location code.

You can recognise a bank code from Dominican Republic by letters five and six. When those two letters do not match Dominican Republic, you are looking at a bank in another country – worth double-checking.

The long version adds three characters for a branch – XXX stands for the head office. Use a branch code just if the recipient’s bank asks for it.

Receiving money in Dominican Republic from abroad

For an international payment into a Dominican Republic account, the sender needs not just the BIC. That means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code of your bank and usually your postal address.

The code of your bank appears in our list, yet the version on your own statement or in your banking app is leading. You can include your bank’s name and city, since some payment forms ask for it.

Expect that the incoming amount is below what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. On invoices, state who bears the costs, so nobody is left short.

Transfer times to Dominican Republic

How fast money arrives in Dominican Republic depends on a few things: the currency, how many intermediary banks are involved, cut-off times and time zones. Bank holidays in Dominican Republic or in the sending country can add extra days to the journey.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every payment gets a unique transaction reference, the UETR. Keep the payment confirmation – you will need it if something goes wrong.