Among our transfers from the United States, bank deposit went from 33.4% to 53.1% of transactions. Cash is still an important option for families.
When you send money to the Dominican Republic, how it is received matters too. A transfer can arrive in a bank account or be collected in cash, and the choice should match what the person on the other end needs.
At Sharemoney, we handle transfers from the United States, and we looked at how our customers’ transactions are distributed across those options. Comparing 2023 with January-August 2026 shows a gradual change: bank deposits, including instant ones, came to represent more than half of our transfers to the country.
Bank deposit gains ground among our customers
While the bank share rose from 33.4% to 53.1%, cash collection fell from 66.6% to 46.9%. That last category includes counter pickup, home delivery and ATMs. Cash stopped being the majority option in 2025.
The change happened with a practically stable sender profile. Age bands varied by less than one percentage point, and most active senders in a given year had already sent money before. That adds relevant context: a larger bank share can coexist with a customer base of similar ages.
What each transfer needs still matters
Cash still holds almost half of transactions. From the experience shared by Abel Coss, Co-Founder of Sharemoney, how quickly the money is needed influences the choice. On our platform, cash is usually shown as available in minutes, while a bank deposit can take longer. The estimate shown for each transfer is the reference to check.
We also see differences in transfer size: over the period analyzed, the average amount of transfers to a bank account was higher than that of transfers collected at a counter. In the earlier years the ratio was close to double, while in the most recent months the difference was smaller.
That contrast helps show that the two methods serve different kinds of transfers; the average does not reveal, on its own, what the money will be used for.
Choose with the person receiving it in mind
Before sending, agree with your recipient on how it is most practical for them to receive the money. Review the available options, the estimated delivery time, the fee, the exchange rate and the amount they will receive. If you need help during the process, our support team can guide you during service hours.
Explore your options for sending money to the Dominican Republic.
About the data: transactions by Sharemoney customers from the United States to the Dominican Republic, excluding cancelled and refunded transfers. The shares compare full-year 2023 with January-August 2026 and are calculated by transaction count, not dollar value. They describe our customer base, not the country’s remittance market as a whole. The aggregate changes do not identify which individuals changed method.
