If you are looking to transfer money to Costa Rica then it is likely you will be looking for a cheap and convenient way to make your transfer. If so, the ideal solution would be to make you money transfer through Xendpay as we offer a great exchange rate for the Costa Rican Colon and allow you to transfer money cheaply online 24/7 from any location.
You have a number of options open to you when you need to transfer money to Costa Rica and which one you pick will depend on your circumstances. It may be that you are transferring your pension, need to pay mortgage instalments on a property or that you are transfer money to friends and family in Costa Rica; whatever your situation, make sure you read up on the possible options before jumping in.
A high street bank is an obvious option to check out when you first decide that you need to transfer money to Costa Rica. If your recipient has an account with Scotia Bank or Banco Cuscalan, for example, then transferring Costa Rican Colon through a bank should be quite simple.
However, you shouldn’t expect a particularly competitive currency exchange rate on your transfer. The per-transfer fees usually added to the service will also bump up your costs and eat in to the actual amount of colons you can transfer to Costa Rica.
Unfortunately Money Sending Bureaus are similarly expensive, although they do provide a convenient way to transfer money to Costa Rica if your recipient does not have access to a bank account.
If you want to avoid these high costs then it might be worth considering using a foreign exchange specialist like Xendpay as we help to reduce the costs of transferring money. We offer a very competitive currency exchange rate on the Colon and also provide you with a fee-free service, which is particularly useful if you need to transfer money to Costa Rica on a regular basis.