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Receiving Money from Abroad

 

Do you plan on having money from abroad sent to you in Costa Rica? Perhaps the cheapest and easiest way to get money are the ATM machines available at almost all banks and supermarkets.

Western Union in Costa Rica boasts that they offer the fastest money transfers in the country. Call Western Union at 1-800-777-7777 or 283-6336, or e-mail: bvib@western-union.co.cr for additional information, or go to one of their local agencies in San José, Liberia, San Isidro de El General, Puntarenas or other parts of the country. You'll have to show some form of valid identification to pick up your money. Moneygram 1-800-328-5678, 295-9595, http://www.moneygram. com, offers similar services.

One of the safest ways to receive money while visiting or residing in Costa Rica is to have an international money order or any other type of important merchandise or document shipped to you by one of the worldwide courier services, such as DHL or UPS. Letters and small packages usually take about two working days (Monday to Friday) to reach Costa Rica from the United States or Canada.

Many worldwide air couriers have offices in San José, such as DHL (290-3010), Federal Express (255-4567), UPS (257-7447), TNT (233-5678), Jetex (293-5838) and Skynet (232-5678). The latter two are probably the cheapest options. Until recently, Costa Rica's postal service, Correos de Costa Rica, was the slowest and least safe option. Its non-priority mail was too slow to even consider as a valid option. The Costa Rican postal service does offer priority mail service; call 253-3375 or 800-900-2000 or e-mail: pacc_prioritymail@ correos.go.cr. Priority mail (certificado) supposedly takes 12 days to reach any destination in the United States and three weeks for Europe and the rest of the world. Rates are very affordable at about $5.35 per kilo and $4.75 for each additional kilo.

However, Correos de Costa Rica just inaugurated EMS Courier, a national and international courier service with 127 offices throughout the country. It hopes to compete with private courier companies. You may contact them at 221-2136, fax: 221-1737 or
e-mail: ems@correos.go.cr.

U.S. banks can wire money to banks in Costa Rica. This method is safe, but can be slow at times, as many bureaucratic delays can develop while waiting for checks to clear. You are also charged a fee for the transfer. We had a money order sent from England to our account in the Banco Nacional de Costa Rica and didn't experience much delay or any problems. Once we followed the correct procedure our money arrived promptly.

To wire money you will have to use eight-letter codes to your local bank's eight-letter SWIFT account:

Banco Banex S.A. San Jose ............................BXBACRSJ265951
Banco BAC San Jose ......................................BSNJCRSJ363642
Banco BCT S.A. San Jose .............................. CCIOCRSJ396508
Banco Cuscatlan de Costa Rica San Jose ....... BACUCRSJ392460
Banco de Costa Rica San Jose ........................ BCRICRSJ019339
Banco Interfin S.A. San Jose .......................... INTECRSJ185480
Banco Internacional de Costa Rica San Jose .. COSRCRSJ393955
Banco Lafise, S.A. San Jose ................................BCCECRSJN/A
Banco Nacional de Costa Rica San Jose ........ BNCRCRSJ019462
BCT Bank International San Jose .................. CCIOCRSJ396508
Scotia Bank de Costa Rica San Jose .............. NOSCCRSJ394833

The Costa Rican postal service is planning to start a money order service allowing money orders to be sent from the United States to Costa Rica. This service promises to be much faster and more economical than getting money wired to your bank in Costa Rica.

You can always have a trustworthy friend or relative bring you up to $10,000 when they come to Costa Rica.

Automatic teller machines (ATMs) are found all over the country. You can't transfer money directly but can get cash advances from one of your credit or debit cards. Use of ATMs, along with cashing a personal check are perhaps the fastest ways to get money. Another safe way to have checks sent to you is through one of the private mail services we list in the next section. The worst way to send money is through the regular mail. People report that many checks have been lost or stolen. Postal thieves are very sophisticated in Costa Rica and may work with some unscrupulous black market money changers. The postal system has received numerous complaints and has promised to do something about them.

If you need to file a complaint about lost or stolen mail, go to Correo de Costa Rica's complaint department (Departamento de Reclamaciones) in downtown San José on Avenida 6, between Calles 17 and 19. If you live outside San José, you can file a complaint at any local post office and it will be forwarded to San José.

If you still choose to use the regular mail system after reading the above, be sure to have your checks or money orders sent to you in secure, non-transparent manila envelopes ones that can't be seen through when held up to a light.

A rash of postal thefts has prompted more and more people to use the private-mail companies, which offer a variety of postal related services.

From "The New Golden Door to retirement and Living in Costa Rica" by Christopher Howard.
ALL RIGHTS RESERVED. No part of this article may be reproduced without written permission of the authors and copyright owner.
 

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