The Central Bank of the Dominican Republic maintains responsibility for the printing and issuance of currency, and the regulation of the nation's banking ~ monetary system. . The country's monetary board, which is supervised by the Governor of the Central Bank, directly determines monetary and foreign exchange policies.
Automatic Transfer Service - ATS. DEFINITION of 'Automatic Transfer Service - ATS'. A banking service offered to customers that has both a general and specific meaning. On a general level, it can mean any automatic transfer of funds between customer accounts.
The term debit card is generally used to differentiate the product from a credit card. A debit card makes a purchase with the money in the holder's checking account while a credit card purchase creates a loan obligation. There are two kinds of debit transactions â Visa and POS. Visa debit transactions â A Visa Debit Card is accepted for purchases almost everywhere Visa Credit Cards are accepted, only the money comes out of your checking account. You can even make purchases over the Internet or by phone.