Need to wire money to Costa Rica? Are you considering a wire to transfer the money to Costa Rica? Before you ask your financial institution to organise it, make sure you check out the wire transfer fees. You may get a shock the amount the fees and charges will be and depending on the amount, it might be better to have a look at the alternatives to forward the money by other methods.
What can make it more expensive is in addition to your financial institution adding a fee for sending the money to a bank in Costa Rica, the person receiving the funds may also incur a fee from the bank at their end. One way to minimise the likelihood of the charge is to remit the international wire transfer in the currency of their bank account.
To process a bank wire transfer to Costa Rica, you might need a SWIFT code. These are unique for each bank and based on a number of things such as the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Banco Central de Costa Rica
Costa Rican Colon