Planning a trip to Costa Rica? Understanding the local currency and how to access cash is essential for a smooth travel experience. In this guide, we’ll cover everything you need to know about Costa Rica’s currency, using ATMs, and tips for handling money like a pro.
Costa Rica’s Currency: The Costa Rican Colón
The official currency of Costa Rica is the Costa Rican Colón (CRC), named after Christopher Columbus, known as Cristóbal Colón in Spanish. The symbol for the colón is ₡, and it’s subdivided into 100 céntimos. Commonly used coins include denominations of ₡10, ₡25, ₡50, ₡100, and ₡500, while banknotes are available in ₡1,000, ₡2,000, ₡5,000, ₡10,000, and ₡20,000. While US dollars are widely accepted in tourist areas, it’s a good idea to have colones for smaller purchases, local markets, and transportation.
Credit Cards in Costa Rica
While Costa Rica is generally a safe country for tourists, it’s important to stay vigilant when it comes to financial transactions. Credit card fraud, though rare, can happen. Always keep an eye on your card and never hand it over to someone who might take it out of your sight (e.g., at restaurants or shops). Additionally, monitor your bank statements regularly and report any suspicious charges to your bank immediately.
Tips for using credit cards in Costa Rica
Credit cards are widely accepted in Costa Rica, especially in tourist areas. Here’s what to keep in mind:
- Accepted Cards: Visa and Mastercard are the most widely accepted. American Express and Discover are less common.
- Foreign Transaction Fees: Check with your bank to see if they charge fees for international transactions. Some cards offer no foreign transaction fees, which can save you money.
- Small Purchases: Some smaller shops and local vendors may only accept cash, so it’s always good to have colones on hand.
Using ATMs in Costa Rica
ATMs are widely available in urban areas and tourist destinations across Costa Rica. They dispense cash in colones and sometimes in US dollars. It’s advisable to inform your home bank about your travel plans to ensure your card functions properly abroad and to inquire about any foreign transaction fees. Additionally, carrying some cash is prudent, as smaller establishments in rural areas may not accept cards.
Tips for using an ATM in Costa Rica
ATMs are the easiest and most convenient way to access cash in Costa Rica. Here’s what you should know:
- ATM Availability: ATMs are widely available in cities, tourist areas, and even small towns. Look for machines labeled “Banco Nacional” or “BAC San José” for reliable service.
- Fees: Most ATMs charge a small fee for withdrawals (around 2,000–5,000 CRC). Check with your bank to see if they reimburse international ATM fees.
- Daily Limits: ATM withdrawal limits vary but are typically around 100,000–200,000 CRC per day. Plan accordingly if you need larger amounts.
- Safety Tips:
- Use ATMs located inside banks or secure areas to avoid skimming devices.
- Cover the keypad when entering your PIN.
- Carry only the cash you need for the day and leave the rest in a secure location.
Acceptance of US Dollars
US dollars (USD) are widely accepted throughout Costa Rica, especially in tourist areas. However, it’s recommended to carry smaller denominations, as larger bills may not be accepted or could pose challenges in receiving change. While USD is commonly used, transactions are often rounded, and change is typically given in colones, which might result in less favorable exchange rates.
Checking Current Exchange Rates
For the most accurate and up-to-date exchange rates, refer to the Central Bank of Costa Rica’s official website. As of March 10, 2025, the exchange rates are:
- Purchase USD: ₡499.65
- Sale USD: ₡508.44
Regularly checking these rates can help you make informed decisions when exchanging money or making purchases.
My Experience with Currency in Costa Rica
During my first trip to Costa Rica, I found that having both colones and US dollars was beneficial. In major cities like San José, most establishments accepted credit cards, and ATMs were readily available. However, in more remote areas, cash was king, and smaller vendors preferred colones. I also noticed that while USD was accepted, prices were sometimes rounded up, making payments slightly more expensive. Therefore, carrying local currency ensured smoother transactions and better value. Now years living in Costa Rica, I know that my first impressions were correct. I rather not move from home without cash because often without it it is impossible to buy anything.
Costa Rica’s Currency – Tips for Travelers
- Carry Small Bills: Whether in colones or USD, having smaller denominations facilitates easier transactions, especially in local markets or with street vendors.
- Use ATMs Wisely: Opt for ATMs located within bank premises for added security, and be aware of any withdrawal fees your home bank might charge.
- Stay Informed: Exchange rates can fluctuate, so regularly check the Central Bank’s website to ensure you’re getting a fair rate.
By familiarizing yourself with Costa Rica’s Currency and payment practices, you can navigate Costa Rica with confidence and fully enjoy all the experiences this beautiful country has to offer.
