In this episode, we discuss essential banking information for expats living in Costa Rica. And we cover topics such as opening bank accounts as non-residents, international money transfers, choosing the right bank, required documentation, currency management, and tax obligations. We hope to answer your questions for navigating the banking system in Costa Rica, ensuring a smoother transition for newcomers.
Takeaways
Banking in Costa Rica can be time-consuming and frustrating.
Non-residents can open bank accounts with proper documentation.
It’s crucial to have all necessary paperwork when visiting banks.
International money transfer options include WISE and wire transfers.
Avoid carrying large amounts of cash for safety reasons.
Choosing the right bank depends on personal or business needs.
Documentation required for bank accounts varies by bank and branch.
Clean, unmarked bills are essential for cash transactions.
Expats must continue to file taxes in their home country.