Bank Account Number
The Dominican Republic uses bank account numbers for domestic transfers, processed through the SIPARD (Sistema de Pagos y Liquidación de la República Dominicana). The Banco Central de la República Dominicana (BCRD) oversees the national payment infrastructure.
At a glance
Country
Dominican Republic
Identifier
SIPARD
Format
Bank code + account number
Used for
Domestic transfers
Format breakdown
0010
Bank Code
1–4
Institution identifier (BCRD assigned)
01
Account Type
5–6
Account type code (savings, checking)
0123456789
Account Number
7–16
Customer account number
How SIPARD works
Each bank has an assigned institution code. Domestic transfers require the bank code and account number. SIPARD handles both high-value real-time gross settlement (LBTR) and low-value batch payments through its ACH subsystem.
Where to find yours
In your Internet Banking portal, on bank statements, or by requesting the information at any branch. Mobile apps from major banks also display your account details.
Payment systems in Dominican Republic
| System | Speed | Description |
|---|---|---|
| LBTR | Real-time | Liquidación Bruta en Tiempo Real — real-time gross settlement for high-value transfers |
| ACH-RD | Same day | Automated clearing house for batch processing of low-value payments |
| SIPARD | Same day | National payment system encompassing all interbank payment and settlement services |
Major banks in Dominican Republic
Good to know
Banreservas is a state-owned bank and one of the largest in the Dominican Republic.
The DOP (Dominican Peso) is the local currency, but many banks offer dual-currency accounts.
LBTR transfers are immediate but may carry higher fees than ACH-RD batch transfers.
Related tools
Other countries
Frequently asked questions
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