What you should know
The largest commercial bank in the Dominican Republic, Banreservas, opened a representative office in New York on Thursday, the first in the United States. The opening comes after a little more than the announcement that the New York Department of Financial Services approved the license for the Reserve Bank of the Dominican Republic, or Banreservas, to open a representative office in New York. Banreservas is the largest commercial bank in the Dominican Republic and offers a wide range of core banking services and financial products, including remittance services. Banreservas joins more than 120 foreign and wholesale banking institutions with assets of more than $2.7 billion that have been licensed by the Department of Financial Services. The approval of this representative office, located in Upper Manhattan at 2420 Amsterdam Avenue, near the so-called zone Little Dominican Republic, places Banreservas in the global financial epicenter and strengthens the deep economic ties between the state of New York and the Dominican Republic.
NEW YORK — The largest commercial bank in the Dominican Republic, Banreservas, opened a representative office in New York on Thursday, the first in the United States.
The opening comes after a little more than the announcement that the New York Department of Financial Services approved the license for the Reserve Bank of the Dominican Republic, or Banreservas, to open a representative office in New York. Banreservas is the largest commercial bank in the Dominican Republic and offers a wide range of core banking services and financial products, including remittance services.
Banreservas joins more than 120 foreign and wholesale banking institutions with assets of more than $2.7 billion that have been licensed by the Department of Financial Services. The approval of this representative office, located in Upper Manhattan at 2420 Amsterdam Avenue, near the so-called zone Little Dominican Republic, places Banreservas in the global financial epicenter and strengthens the deep economic ties between the state of New York and the Dominican Republic.
The office serves as a hub for building community and business connections between the Dominican Republic and New York City.
“We came to New York to make you feel closer to your island, because wherever there is a Dominican, we will be there with our hearts,” Banreservas wrote on its Twitter account.
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We came to New York to make you feel closer to your island, because wherever there is a Dominican, we will be there with them♥️.
We are waiting for you in our new Representative Office in New York!
For more information, go tohttps://t.co/yTgUAKb7TJ
— Banreservas (@BanreservasRD) September 21, 2023
“New York would not be New York without our Dominican community,” Governor Hochul said a month ago. “Today and every day, I am very grateful to the Dominican community for their work to make New York State a better place and I will continue to work to ensure that New York remains a great place for Dominican-Americans to call home” .
“Since I joined the Department of Financial Services, we have worked hard to strengthen New York’s position as the financial capital of the world by developing long-standing partnerships with global regulators and attracting more businesses to the state. “I am proud to welcome Banreservas, the largest bank in the Dominican Republic, to New York by approving its first office in the United States,” said New York State Department of Financial Services Superintendent Adrienne A Harris.
Here we answer the details of the bank.
Where is the first representative office of Banreservas in Manhattan?
In Upper Manhattan: 2420 Amsterdam Avenue, New York, NY 10033. It is located near the so-called area Little Dominican Republic and from the bridge Washington Bridge.
What services will the bank provide?
Savings Account (DOP/USD) (Individual and legal person) Mortgage loans (Individual and legal person) Referral to the Contact Center Assistance for entering online banking (TuBanco / Banreservas App) Affiliated Remittances See more
We reach the countries! You can now visit us at our new Representative Office in New York City, where you can enjoy the following products and services:
•Procedure for opening a Savings Account in pesos and dollars and a Mortgage Loan* pic.twitter.com/Ox03XcANyE
— Banreservas (@BanreservasRD) September 21, 2023
The representative office will provide specific services, so it will not have available:
Cashier area or ATMs. Reception of documents for collection. Example: cash, checks, etc. will not be accepted. Financial intermediation operations. Example: deposits, withdrawals, payments, etc.
How can I make an appointment or contact the bank
You can schedule an appointment here.
Visit the representative office to receive advice regarding the process of requesting products and services: 2420 Amsterdam Avenue, New York, NY 10033. Email: contacto@banreservas.com Telephone number: +333-456-2922
What is a representative office
It is an information and processing office, which has the objective of providing products and services to connect and relate to individuals and legal entities in New York that have economic interests in the Dominican Republic.
Who can go to the bank
Dominicans with a valid identity document and residence document. Dominican expatriates with valid documents. Foreigners with economic interest in the Dominican Republic.
Where can I find more information
2023-09-21 18:31:32
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