Money Transfer Costs in Costa Rica

Direct Credit transactions remain the cheapest option for transferring funds between different banks to third parties.

Tuesday, January 12, 2016

The fees charged by banks for transfer of funds to third parties by electronic means range from $1.4 to $5 in Costa Rica.

While a transfer by Direct Credit (CCD) - those that are credited until after 10 pm- is less than $1, there are transfers at counters that can cost up to $10, and wire transfers that are up to $5.

CRHoy.com reports that "... the commission is at the discretion of the banks. What is collected is used to maintain the infrastructure of the National Payment System (IPNS). The commissions charged by banks also vary according to the means of payment, that is to say, if the transfer is done electronic or at a counter, the latter being more expensive. "

See full information on fees and commissions of the Central Bank of Costa Rica.

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