Top Caribbean recipient — Remittance importance to the Dominican economy
| Provider | Total Fee | Fee % | Speed |
|---|---|---|---|
| Instarem | $11.56 | 1.16% | Varies |
| Wise | $23.60 | 2.36% | ~7 business days |
| Remitly | $29.50 | 2.95% | Minutes |
| Xoom | $35.53 | 3.55% | Varies |
As of July 2026, Instarem offers the lowest all-in cost on the USD-to-DOP corridor at roughly 1.16% of the transfer amount — about half the cost of the next-cheapest alternative. Always check the live comparison tool since relative pricing between providers shifts.
Remitly's live quote showed delivery in just minutes for certain funding methods — the fastest of the four tracked providers. Wise, by contrast, showed roughly seven business days on this corridor. Instarem and Xoom delivery times depend on the funding method.
Not currently. There is no licensed local exchange offering a compliant DOP off-ramp that meets RemitRoutes' data-integrity standard, so this corridor is traditional-only for now.
Some providers may support cash pickup at partner locations in addition to bank deposit. Confirm availability for your recipient's specific city with your chosen provider before sending.
Sending money as a personal gift or family support is not taxable in the US up to $18,000 per recipient per year (2026 gift tax annual exclusion). Consult a tax advisor if your transfer is tied to property, investment, or business activity.
Compare live rates across 370+ corridors on RemitRoutes · methodology.