No matter how much we plan, we never seem to take the right amount of money on vacation with us. But have no fear! This guide to the best banks in Cabarete will ensure you don’t go broke while on vacation in Cabarete, Dominican Republic!
Before we get into bank locations and options, here are some top tips for using local banks to withdraw or exchange money:
- Don’t forget your passport. Banks require that you present your passport when withdrawing or exchanging money.
- Many of the banks have ATMs located outside. However, we always suggest making your withdrawal from inside the bank. Mostly for security reasons, but many ATM’s have a limit, typically $10,000RD. Going inside allows you to withdraw more in one visit and you only have to pay the withdrawal fee once.
- Almost everything in Cabarete is priced in Dominican Pesos, with a small percentage priced in US Dollars. Whichever currency is posted, both Dominican Pesos and US Dollars are accepted in most places. Inside the bank, you can request Pesos or Dollars.
- Some may feel the language barrier can make going inside the bank a bit daunting, but most banks have an English speaker available upon request. Simply ask, “¿Hablas Ingles?” This question (Do you speak English?) should do the trick. You could also embrace the language barrier by learning a few key words in Spanish and writing down the amount if you’re not sure how to say it. The staff are helpful and understand that not everyone in Cabarete speaks fluent Spanish. But you’ll surely earn brownie points for trying and might even learn a few new words in the process!
Banco Popular
Located at the start of town next to the Belgium Bakery (their pastries are one of our weaknesses), Banco Popular is open Monday to Friday 9 am-5 pm, Saturday 9 am-1 pm, and closed on Sundays.
Scotia Bank
Recognizable by a large red sign, Scotia Bank is situated at the far end of town opposite Lax and Ojos on the roadside and is an easy one to spot. Its opening times are Monday to Friday 9 am – 5 pm, and closed on Saturday and Sunday.
Banco BHD
Slightly smaller than aforementioned, Banco BHD is handily located at the entrance to Cabarete Palm Beach Condos at the beginning of the alleyway to the beach. This one is the closest to us and is less than a minute walk. Talk about convenient! It is open Monday to Friday 9 am-5 pm, Saturday 9 am-1 pm, and closed on Sundays.
Banco Santa Cruz
Banco Santa Cruz is found in the plaza in front of Ocean One and can be recognized by its bright blue sign. It’s easy to spot while driving into the town from Sosua direction but can be a little tricky to spot from the other direction since it is tucked away in the corner. Opening times are Monday to Friday 9 am-6 pm, Saturday 9 am-1 pm, and closed on Sunday.
Banreservas
Located at Janet’s Supermarket, the main supermarket at the east end of town past Mojitos. Banreservas is open Monday to Friday 9 am-5 pm, Saturday 9 am-1 pm, and closed on Sundays.
All of these banks are located within close distance of our condos. If you’re not sure of where they are, feel free to pop into reception, and we’ll happily point you in the right direction or organize transport for you.
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