Opening a Bank Account

Learn about the major banks in Costa Rica.

Banco Banex
Cuscatlán
Banco de San José
Banco Nacional
  Scotiabank
Interfin
BICSA
Banco de Costa Rica

BANCO BANEX

Personal Accounts   Initial Deposit and Minimum Balance
         
Checking Account:   $ Account   ¢ Account
Transactional   none*   none*
Classical   $1,000   ¢100,000
         
Savings Account:   none*   none*
         
    *Must maintain a minumum balance to write checks
         
Requirements:   1. Must have resided at least 6 months in Costa Rica.
2. Passport or Resident Visa or Costa Rican ID (cédula).
3. Letter of recommendation by a Costa Rican or a letter from the applicant's respective embassy.
     
Banex Personal Accounts have 2 Checking Accounts:  

Transactional - fee pf $1 or ¢250 (respective of the currency of the check) per check written.

Classical - up to 25 checks per month free. The penalty for not maintaining the minimum balance in this account is $10 for the USD account or ¢2,000 for the colón account.

     
Corporate Account:   Initial Deposit and Minimum Balance
         
Initial Deposit:
(No Minimum Balance)*
  $1,500   ¢250,000
*To write 50 checks        
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Carta de Constitución de la empressa.
3. Personeria Juridica (no más de tres meses de emitida.
4. Cédula Juridica.
         
Checkbooks:   Book of 25 checks   $3 (or ¢1,000)
    Limit on checks written per month:   none
         
Debit Cards:   free    
Online Banking        
Issues Credit Cards        
         
       

CUSCATLÁN

Personal Accounts   Initial Deposit and Minimum Balance
         
    $ Account   ¢ Account
Checking Account:   $300   ¢100,000
         
Savings Account:   $100   ¢5,000
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
     
Corporate Account:   Initial Deposit and Minimum Balance
         
Initial Deposit:
(No Minimum Balance)
  $500   ¢150,000
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Carta de Constitución de la empressa.
3. Personeria Juridica (no más de tres meses de emitida.
4. Cédula Juridica.
         
Checkbooks:   Book of 25 checks   ¢8,000
    Limit on checks written per month:   none
         
    Per Year    
Debit Cards:   free    
Savings Account:   ¢1,200    
No Web-based Online Banking.   Customers may purchase PC software to view their accounts online for $30    
Issues Credit Cards        
         
       

BANCO DE SAN JOSÉ

Personal Accounts:   Initial Deposit and Minimum Balance
         
Checking Account   $ Account   ¢ Account
Initial Deposit:   $250   ¢50,000
Minimum Balance   $250   ¢50,000
         
Savings Account        
Initial Deposit:   $250   ¢50,000
Minimum Balance:   $100   ¢25,000
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Reference from another bank.
     
Corporate Account:   Initial Deposit and Minimum Balance
         
Initial Deposit & Minimum Balance:   $250   ¢50,000
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Carta de Constitución de la empressa.
3. Personeria Juridica (no más de tres meses de emitida.
4. Cédula Juridica.
5. Reference from 2 other banks.
         
Checkbooks:   Book of 24 checks    
    Personal Account:   ¢1,250
    Corporate Account:   ¢750
    Limit on checks written per month:   Arranged with bank
         
Debit Cards:   free    
Online Banking        
Issues Credit Cards        
         
       

BANCO NACIONAL

Personal Accounts:   Initial Deposit and Minimum Balance
         
Checking Account   $ Account   ¢ Account
Initial Deposit:   $2,000   ¢300,000
Minimum Balance   $2,000   ¢300,000
         
Savings Account        
Initial Deposit:   $30   ¢3,000
Minimum Balance:   $30   ¢3,000
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Original telephone or utilities bill with the applicant's name.
3. Reference letters from 2 people who have accounts with BN.
     
Corporate Account:   Initial Deposit and Minimum Balance
         

Initial Deposit:
(No Minimim Balance)

  $2,000   ¢250,000
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Carta de Constitución de la empressa.
3. Personeria Juridica (no más de tres meses de emitida.
4. Cédula Juridica.
5. Original telephone or utilities bill with the applicant's name.
         
Checkbooks:   Book of 40 checks   $5
    Limit on checks written per month:   none
         
Debit Cards:   $7.50   ¢2,500
Online Banking        
Credit Cards:   No annual fees    
         
       

SCOTIABANK

Personal Accounts:   Initial Deposit and Minimum Balance
         
Checking Account   $ Account   ¢ Account
Initial Deposit:   $500   ¢50,000
Minimum Balance   none   none
         
Savings Account        
Initial Deposit:   $100   ¢5,000
Minimum Balance:   none   none
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Reference from 2 other banks.
     
Corporate Account:   Initial Deposit and Minimum Balance
         

Initial Deposit:
(No Minimim Balance)

  $500   ¢100,000
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Carta de Constitución de la empressa.
3. Personeria Juridica (no más de tres meses de emitida.
4. Cédula Juridica.
5. Reference from 2 other banks.
         
Checkbooks:   Book of 25 checks   ¢1,000
    Limit on checks written per month*:   8 in conjunction with bank card use
         
Bank Cards:   8 transactions a month:
(in conjunction with checks written)*
  ¢600
    Additional 20 transactions a month:   ¢500
         
    *To avoid additional charges, bank card transactions and number of checks written per month combined cannot exceed 8.
         
       

INTERFIN

 

 

Personal Accounts:   Initial Deposit and Minimum Balance
         
Checking Account   $ Account   ¢ Account
Initial Deposit:   $1,000   ¢75,000
Minimum Balance   none   none
         
Savings Account        
Initial Deposit:   $100   ¢10,000
Minimum Balance:   none   none
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Reference letters from 2 other banks.
3. Proof of income.
4. Passport-size photograph of applicant.
     
Corporate Account:   Initial Deposit and Minimum Balance
         

Initial Deposit:
(No Minimim Balance)

  $2,000   ¢100,000
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Carta de Constitución de la empressa.
3. Personeria Juridica (no más de tres meses de emitida.
4. Cédula Juridica.
5. Reference from 2 other banks.
6. Company has been in business for at least 1 year.
7. Must be registered in the Public Registry (Registro Público).
         
Checkbooks:   Book of 25 checks   $3
    Limit on checks written per month:   25
    Fee after the limit:   $1 per check
         
Debit Cards:   free    
    Lost or stolen cards:   ¢1,000
    Damaged cards:   ¢500
         
Online Banking        
Issues Credit Cards        
         
       

BICSA

Personal Accounts:   Initial Deposit and Minimum Balance
         
Checking Account   $ Account   ¢ Account
Initial Deposit:   $1,000   ¢200,000
Minimum Balance   $1,000   ¢250,000
         
Savings Account        
Initial Deposit:   $1,000   none
Minimum Balance:   $5,000   none
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Reference from another 2 banks.
     
Corporate Account:   Initial Deposit and Minimum Balance
         

Initial Deposit:

  $1,500   ¢500,000
Minimim Balance:   $1,500   ¢500,000
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Carta de Constitución de la empressa.
3. Personeria Juridica (no más de tres meses de emitida.
4. Cédula Juridica.
         
Checkbooks:   Book of 25 checks   $5
    Limit on checks written per month:   none
         
No Debit Cards        
Online Banking        
Issues Credit Cards        
         
       

BANCO DE COSTA RICA

 

 

 

Personal Accounts:   Initial Deposit and Minimum Balance
         
Checking Account   $ Account   ¢ Account
Initial Deposit:   $500   ¢50,000
Minimum Balance   none   none
         
Savings Account        
Initial Deposit:   $100   ¢10,000
Minimum Balance:   none   none
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Reference from another bank.
     
Corporate Account:   Initial Deposit and Minimum Balance
         

Initial Deposit:

  $500   ¢50,000
Minimim Balance:   none   none
         
Requirements:   1. Passport or Resident Visa or Costa Rican ID (cédula).
2. Carta de Constitución de la empressa.
3. Personeria Juridica (no más de tres meses de emitida.
4. Cédula Juridica.
         
Checkbooks:   Book of 25 checks   $3
    Limit on checks written per month:   none
         
Free Debit Cards        
Online Banking        
Issues Credit Cards        
         
       

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Retiring in Costa Rica

Costa Rica Retirement - Banco

Learn about the major banks in Costa Rica.

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