Do You Need to Send Money to Costa Rica?

Information verified correct on February 24th, 2017

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Find out how you can save yourself a lot of money when sending an international transfer from the U.S. to Costa Rica.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Costa Rica  doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get the most Costa Rican colóns for your dollar.

Compare Money Transfer Services

Rates last updated February 24th, 2017

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
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  • Regular overseas payments
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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 500 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Use promo code FREE to ... Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
Payoneer International Money Transfers
Ideal for worldwide business payments ... Ideal for worldwide business payments to more than 200 countries and 150 currencies.
USD 20
Online
Rates are always
changing, click to check
your price today
Go to site More
RIA Money Transfer
No fees for bank account ... No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries.
3 - 5 days
Online
Rates are always
changing, click to check
your price today
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HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Moneycorp Exchange Experts
Full-service specialist offering competitive exchange ... Full-service specialist offering competitive exchange rates on personal international money transfers.
USD 50 1 day
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
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changing, click to check
your price today
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Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
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changing, click to check
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How do international money transfers work?

An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Costa Rica. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.

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Banks versus money transfer companies

We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major U.S. banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.

You can often save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. This translates to big savings for you.

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Case study: Jon Sends Money to Costa Rica

Jon’s daughter Kelly is on vacation in Costa Rica when, after one too many shopping sprees, she runs out of money. She calls home to ask her dad for a quick transfer of $1,000, which Jon agrees to send right away. But rather than settle for the quite disappointing exchange rate offered by his bank, Jon compares the services of two specialist money transfer companies in an effort to find a more cost-effective transfer solution.

Money transfer company 1Money transfer company 2
Exchange rate$1 USD = $543.25 CRC$1 USD = $545.822 CRC
Transfer fee$5$10
Transfer methodOnline transferOnline transfer
Processing timeWithin an hour2 days
Amount received$543,245 CRC$545,812 CRC

Even though the second transfer company charges double the fee of the first, Jon will still be able to send his daughter 2,567 CRC more because of the second transfer company’s superior exchange rate..

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How do I compare transfer companies when sending money to Costa Rica?

  • Exchange rates. How do the company’s exchange rates compare to those of other transfer providers?
  • Transfer fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
  • Transfer methods. Will you be able to place transfers online, over the phone or by visiting a branch? Is there a mobile app available so you can send transfers from just about anywhere?
  • Transfer options. Check to see whether the company offers a range of transfer options to provide increased flexibility and convenience. For example, can you set up a recurring transfer in advance?
  • Minimum and maximum limits. What are the company’s minimum and maximum limits for each transaction? Do they suit your needs?
  • Processing times. How long will your recipient need to wait until they can access the funds you send?
  • Pickup options. Will the money be deposited straight into your beneficiary’s bank account, or will they be able to collect the transfer in cash?
  • Customer service. How will you be able to access customer service and during what hours is support available?
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Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

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What are my options for sending money to Costa Rica from the U.S.?

  • Bank transfers. Bank-to-bank transfers may cost more than other options but they are a secure way to send money to Costa Rica.
  • Online money transfer providers. A reliable online money transfer company can offer fast and cost-effective transactions.
  • Money transfer companies with cash pickup options. MoneyGram and Western Union are the world’s two largest providers of this service.
  • PayPal. PayPal offers secure international money transfers to many destinations around the world.
  • Checks. International checks can be obtained from U.S. banks and then sent overseas.
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Find a money transfer location near youBack to top

What are the steps to send money to Costa Rica?

  • Sign up for an account. The first step in the process is to register for a free account. This is usually done online and you will need to provide your name, contact details and proof of ID.
  • Enter transaction details. Next, provide information about who you are sending the money to and where they live. You will also need to specify the amount you are sending and the transfer currency.
  • Finalize your transfer. The final step is to review the details and cost of your transfer before submitting your transfer request. Many companies offer an online tracking option so you can monitor the progress of your funds.
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Tips for picking up cash in Costa Rica

  • Confirm an agent’s location and hours of operation before you visit.
  • Only pick up cash in an area where you feel safe.
  • Ask a friend to go along with you to collect the funds.
  • Don’t display the money in front of strangers or carry it around for any longer than is necessary.

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US International Money Transfers Offers

Learn about our information service
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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