How to send money to Costa Rica
Learn how to send money to Costa Rica at the lowest cost in a few easy steps
1. Check the CRC mid-market exchange rate against your own currency
Transfering money on a favorable day means more money arrives. Monitor the Costa Rican colon rate and convert your money when the rate is at its highest level of the past days.
2. Make your choice among the 8 providers available to send money to Costa Rica to find the best deal.
Monito's comparison engine lists many providers able to send money to Costa Rica, such as TransferWise, Western Union, MoneyGram, Xendpay, WorldRemit. Using the best service from the available options is the best way to save on fees and exchange rate.
3. Pick the best money transfer company for your needs
Are you looking for the service with the lowest price, the faster transfer time, highest score among customer reviews, or the best compromise.
In addition, you may want to pay attention to the payment solution and pay-out options. Providers often give you the choice to pay by transferring the money from your bank account or by debit or credit cards. In Costa Rica, you often have to decide if you want the money to be deposited on a local bank account or received in cash (from an agent location).
4. Sign up and start your transfer with the money transfer provider you selected
Go to the money transfer provider's homepage to sign up (you most of the time have to provide some documents to prove your identity), and provide the details of your money transfer to Costa Rica.