Tag: Banking & Money

Dec 26 2017

Change Your Name Before Moving To Costa Rica, by Rob Evans

One thing no one tells you before you move to Costa Rica is that your name is important: all your IDs and documents must have the same name (no abbreviations or nicknames), spelled the same way to make things easier. Costa Rica is a little bureaucratic and still uses paper documentation, so any anomaly can …

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Aug 23 2017

Banking in Costa Rica: Our Experience, by Rob Evans

In January of 2014, we attended the monthly seminar offered by the Association of Residents of Costa Rica (ARCR). As members of ARCR, we learned that we qualified for ARCR assistance in opening an account at Banco Nacional (BN) for a fee of $20. After hearing about so many problems experienced by other expats, I …

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Feb 26 2017

Invest Your Savings in Coopenae

Updated February 26, 2017 Why invest in Coopenae? Audited by Fitch Ratings (auditor of banks worldwide) from which we got excellent ratings (AA-): expectation of very low risk; risk differs very little from the highest possible ratings (see below for details). Extensively monitored and controlled, just like other public and private banks in Costa Rica, …

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Apr 17 2015

Great News for Potential Investors in Costa Rican Certificates of Deposit!

Many of you have asked us for information about our investments in Certificates of Deposit (CD). Until now, the bad news has been that you must be a legal resident of Costa Rica in order to open a bank account of any kind in Costa Rica; in fact, you needed to have your actual cédula (residency card). …

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Jun 05 2014

Questions and Answers: Healthcare and Banking

If you are thinking about moving to Costa Rica (or anywhere unfamiliar, for that matter), you have lots of questions and are searching for the answers. We get a lot of questions here at Retire for Less in Costa Rica, and often, we get the same questions more than once. Here are this month’s questions: Greg …

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May 08 2014

Bank Interest Rates for Term Deposits in Costa Rica

costa rica cost of living

Published by the Costa Rica Star on March 10, 2014. Used with permission. UPDATE: please click here for more information about Coopenae in Costa Rica. Thank you to Asdrubal Zamora Corrales for the additional insights and information. Last week, the banking interest rate in Costa Rica dropped to its lowest level since July 2008. The “tasa basica …

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May 08 2014

Questions and Answers: Investing in Certificates of Deposits and Avoiding Bank Fees

If you are thinking about moving to Costa Rica (or anywhere unfamiliar, for that matter), you have lots of questions and are searching for the answers. We get a lot of questions here at Retire for Less in Costa Rica, and often, we get the same questions more than once. Here are this month’s questions: Don …

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Dec 27 2013

Banking and Funding Your Life in Costa Rica at 9.50%

(Updated 7/2/2014) Whenever we speak at a conference, we try to answer the top three questions people ask us: What’s Your Cost of Living? What Do You Do for Health Care? What Do You Do All Day? Cost of living and health care are pretty straight forward,  requiring little creativity. Since people from North America …

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Oct 29 2013

Trusted U.S. Tax Prep & Business Consulting Services

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Oct 27 2013

Questions and Answers: Converting Money Into Colones

If you are thinking about moving to Costa Rica (or anywhere unfamiliar, for that matter), you have lots of questions and are searching for the answers. We get a lot of questions here at Retire for Less in Costa Rica, and often, we get the same questions more than once. So we’re starting a new …

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Permanent link to this article: http://retireforlessincostarica.com/questions-and-answers-converting-money-into-colones/