Changing Money
One of the most common questions travelers ask themselves is whether or not to change money before getting to Costa Rica. This day and age, practically everyone traveling has a credit card. Usually, hotels will accept credit cards, at least for the first night. If you plan on traveling by the shuttle bus provided by the hotel instead of public transportation, usually the service is arranged beforehand and if not, they actually charge in dollars! Airport taxi services usually accept credit cards and/or dollars as well.dollars. Airport taxi services accept credit cards and/or dollars. So, I wouldn’t worry too much about bringing local currency.
The next concern is what method and where. Here are a few important tips you should take into consideration when exchanging your money.
In Costa Rica, the only place you should exchange money is in a BANK. Not only will you get the best rates, but you’re guaranteed the money you came for and will not get scammed. Also, be sure to bring a passport when going to exchange money.
NOTE : Canadians can change Canadian money and get the best exchange rates at Scotiabank.
NEVER change money with people on the streets. ATMs are plentiful and you’ll get the best rates, however, you’ll still be paying the small ATM fee.
Take out only what you need. Travelers checks don’t work well here, as very few places accept them these days. Fewer places give good rates, plus they charge 1-2% on top of it, and most banks will want you to deposit the check in an account that you won’t have here for about a month before you could even get the money.
Cash is king in Costa Rica. Some places will charge you 8% for credit card usages. Plus, whenever you go out, ask for the cash (Efectivo) discount, and chances are you’ll get 5-10% off. This can be done anywhere from tour operators, to hotels, to restaurants to pharmacies.
If you go to a local market, local currency goes much further than the dollar. You stand out less and feel more comfortable.
Be sure not to carry to much cash on you, and always keep it on you.
By Diana Wilson
