What Is The Money In Costa Rica

Basic Guidelines

NO TRAVELERS CHECKS

Do not bring Traveler's Checks! No one accepts them in Costa Rica, not even the banks.

BRING SMALL BILLS

Counterfeiting is common in Central American countries. For this reason, we recommend that you bring smaller bills with you for day to day needs. Many small businesses will not accept US bills over $20 in value. In addition, torn, worn, or defaced bills are commonly refused in Costa Rica.

MAKE YOUR MONEY ACCESIBLE.

Consult your bank before traveling to Costa Rica to avoid potential "stop payments" on credit and ATM cards that may result when your bank sees unexpected transactions originating from a foreign country.

AVOID CURRENCY CHANGERS

Do not use the money changers at the airports. Huge fees apply, and since US Dollars are widely accepted here, it is not necessary. Furthermore, you can pull Costa Rican Colones out of the ATMs whenever you need them.

AVOID TAXES WITH CASH.

Most often there is a 15% processing fee or sales tax applied when using your Major Credit Cards in Costa Rica. You may also be subject to additional fees from your bank or card carrier back in the states. In many instances in Costa Rica you can avoid the additional sales tax by paying in cash.

PLAN ACCORDINGLY

ATMs – There are numerous Banks and ATMs in Costa Rica where you can easily pull both US Dollars and Costa Rican Colones out as needed. ATMs close at 10:00pm, so please plan accordingly. The average transaction fee from American Banks for the use of a Costa Rican ATM is between 1-5%. Please check with your bank for more information.

CASH IS KING

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

REGARDING TIPPING:

It is customary to tip drivers and service industry workers 15-20% of the services rendered. Tipping is, of course, voluntary and should be based on the service you receive. In the case of restaurants, a standard 10% service fee is commonly added to the bill. If this is the case, it will be pointed out on the menu or clearly marked on a sign in the restaurant window or at the register. If you are uncertain, ask your server or host/hostess for more details. Adding an additional 10% is common when receiving good service.