Hi everyone! I’m Dominican, currently living abroad in Europe, and I’m preparing to buy an apartment in the Dominican Republic in the future.
About a year ago, I opened a USD account with BHD specifically for this purpose, so I could gradually save money toward the purchase.
Since I live in Europe, my income and bank accounts here are in euros. My plan would be to transfer money from my European bank account or Wise and have the funds arrive in USD directly into my BHD USD account.
I’m mainly looking to hear from people who have actually gone through this process, especially with larger transfers.
For example, if I were to transfer $25,000–$30,000 USD, what has your experience been with BHD? Did they place any limits on the transfer, hold the funds, block the account, or ask for additional documentation?
I contacted BHD by email, but the response I received was very general and didn’t really answer my specific situation. They gave me information about certain banks in the US and Europe, but my bank wasn’t listed. When I asked for clarification, they told me I needed to call.
Before I spend time calling and potentially receiving the same general information, I wanted to ask here:
For those of you living abroad who have transferred larger amounts of money into your BHD USD account:
What documents did BHD ask you to provide to prove the source of the funds?
Did they ask for an employment letter, payslips, bank statements, tax documents, etc.?
Do they accept documents in English, or do they require them to be translated into Spanish?
Did you have to notify BHD before making the transfer?
If the transfer was held or your account was temporarily restricted, how did BHD contact you?
Did they contact you by email, phone, or through another method?
If you live outside the Dominican Republic, how were you able to communicate with them and provide the requested documents?
Is there a direct phone number, email, or specific department that you can contact from abroad if there is an issue with the transfer or account?
I’m trying to prepare everything in advance, employment letter, payslips, bank statements, proof of source of funds, etc. so that if I make a transfer of $25K–$30K, I’m prepared in case they need documentation or verification.
I’d really appreciate hearing about your actual experience with BHD, especially from Dominicans living abroad who have transferred significant amounts into their USD accounts.
Thank you so much in advance! 🙏