The complying with is general information about Banking and also Money in Costa Rica that we feel may be beneficial to your group during your time right here with united state in Costa Rica.

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Basic Guidelines

NO TRAVELERS CHECKS

Do not carry Traveler’s Checks! nobody accepts lock in Costa Rica, not also the banks.

BRING small BILLS

Counterfeiting is common in central American countries. For this reason, us recommend that you bring smaller bills v you because that day come day needs. Many small businesses will certainly not accept united state bills over $20 in value. In addition, torn, worn, or defaced bills are typically refused in Costa Rica.

MAKE her MONEY ACCESIBLE.

Consult your financial institution before traveling to Costa Rica to stop potential “stop payments” on credit and also ATM cards that may result when your financial institution sees unforeseen transactions originating from a international country.

AVOID money CHANGERS

Do not usage the money changers at the airports. Vast fees apply, and also since united state Dollars are widely accepted here, the is no necessary. Furthermore, you can pull Costa Rican Colones the end of the ATMs anytime you need them.

AVOID TAXES through CASH.

Most regularly there is a 15% handling fee or sales tax applied when utilizing your significant Credit Cards in Costa Rica. Girlfriend may additionally be topic to added fees from your financial institution or map carrier earlier in the states. In countless instances in Costa Rica you have the right to avoid the extr sales taxes by payment in cash.


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PLAN ACCORDINGLY

ATMs – over there are plenty of Banks and also ATMs in Costa Rica whereby you can easily pull both united state Dollars and also Costa Rican Colones out together needed. ATMs close at 10:00pm, therefore please arrangement accordingly. The mean transaction fees from American banks for the use of a Costa Rican ATM is between 1-5%. Please examine with your bank for more information.

CASH IS KING

Raise your minimum daily withdrawal limit. In Costa Rica, cash is king – make certain that friend have access to the money you require through the ATMs and also banks here.

REGARDING TIPPING:

It is customary to tip drivers and service industry workers 15-20% that the solutions rendered. Tipping is, the course, voluntary and should be based on the service you receive. In the situation of restaurants, a conventional 10% organization fee is commonly included to the bill. If this is the case, it will certainly be pointed out on the menu or plainly marked ~ above a sign in the restaurant window or in ~ the register. If you room uncertain, ask her server or host/hostess for much more details. Adding second 10% is typical when receiving great service.


Understanding Costa Rica Money

Costa Rican money is referred to as the Colon. Often when you salary in USD for an item or service, you will certainly be provided Colones in change. The “Rule that 2” is a an excellent way to know the money here. Because that instance:

500 Colones – COIN MONEY = $1 USD1,000 Colones – document MONEY (Locally dubbed 1 Mil) = $2 USD2,000 Colones (2 Mil) file MONEY = $4 USD5,000 Colones (5 Mil) document MONEY = $10 USD10,000 Colones (10 Mil) document MONEY = $20 USD150,000 Colones = $300 USD

A straightforward formula is to use the an initial digit you check out on the invoice or coin, multiply by 2, and then fall the last 3 0’s to know what you have in Dollars.

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If friend have any kind of questions, please contact your certified dealer or the Adventure tourism Office, and we will certainly be happy to help you with any kind of of her questions about Costa Rica money.