Here is all you need to know about handling money in Costa Rica when it comes to local Costa Rican currency, exchanging money and using USD in Costa Rica.
We will go into more details below and we will also talk about how to pay for things if you are Canadian.
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Costa Rica Currency
The Costa Rica currency is the colon (colones plural), named after Christopher Columbus. The Costa Rican currency symbol is ₡, a c with two lines across.
Costa Rica Colon to USD Exchange Rates
The Costa Rica currency exchange rate changes constantly and it can change day to day. What was the exchange rate yesterday, may not be the rate it is used today.
What the exchange rate was this morning, may not be what it is in the evening!
The exchange rate is approximately 500 CRC to 1 USD.
Additionally, the exchange rate is not the same in every bank or financial institution since the colón is not bound to the Central Bank of Costa Rica devaluations.
Since 2006, exchange rates posted by the Central Bank are used as a reference. Costa Rica money exchange rates change daily due to this reason.
Costa Rican Currency Bills and Coins
Colones bills come in 1000, 2000, 5000, 10000, 20000 and 50000. The coins come in 5, 10, 25, 50 100 and 500.
Interesting fact: The 1000 colones bill (red) has the national animal which is the white-tailed deer.
Now bills are all made of plastic substrate, cotton bills are no longer accepted in circulation.
Is USD accepted in Costa Rica?
First thing to know is that US dollars are readily accepted in Costa Rica. This is because Costa Rica is a touristic country with United States citizens as their main tourists and many American companies have headquarters in Costa Rica.
For this reason, tours and hotels are quoted in USD. Some restaurant menus even list prices in USD (common in touristic areas).
Because of this, you do not absolutely have to exchange money before traveling to Costa Rica if you already have US dollars. However, there are some exceptions which I will talk about below.
How Much Cash Should I Bring to Costa Rica?
This depends on how long you will be in Costa Rica, what you plan to do in Costa Rica and where you are going in Costa Rica.
Credit cards are accepted nearly everywhere in Costa Rica so you don’t have to bring a ton of cash. However, you do need to have some cash with you.
This is because there are many businesses that don’t accept credit cards. Common places where credit cards may not be accepted are Osa Peninsula, Tortuguero, Drake Bay, Bijagua, Santa Teresa, Samara and Tamarindo.
For a one week Costa Rica trip, I recommend to bring around $300 dollars in US dollars cash per person to begin with. Then, exchange about $100 USD to Costa Rican colones when you first arrive at the bank or supermarket.
If you need to exchange more, you can do it later on because you don’t necessarily need to go to a bank to exchange money in Costa Rica.
To get more cash, you can go to any ATM to withdraw cash.
Our personal recommendation for using US dollars in Costa Rica: Bring small bills
Bring fives, tens and twentys bills only. It is very hard, almost impossible to break 50s and 100s USD in Costa Rica unless you go to the bank or a casino.
Also make sure all the bills are in perfect condition – no rips, tears, misprints, stains, super wrinkled bills.
Costa Rica is very strict on this and they will not accept any bill with a flaw. I once received a $20 bill from the Costa Rican bank ATM that had a tiny folding misprint and no one would take it except the bank… even though I got it from an ATM IN Costa Rica.
Where Can I Exchange Money in Costa Rica?
For the best exchanges rates in Costa Rica, go to the bank. You can exchange currency in Costa Rica at any of the banks like Banco Nacional, BCR, Scotiabank, etc.
To exchange money in Costa Rica, it is required to bring your original passport.
You can also exchange currency at the airport in Costa Rica. Both the Guanacaste and San Jose International Airport have a currency exchange after immigration. They take other currencies than USD such as Euro and CAD. The exchange rate is so poor though. If you can wait until the bank or supermarket, I definitely would.
Hotels can also exchange Costa Rica currency for you. However this is not every hotel. Usually only the big chain hotels like Marriotts or Hiltons can exchange USD.
You can exchange Costa Rican currency at the supermarket, gas stations or restaurants. If you pay in USD, they will give you your change back in colones. Just make sure to check the exchange rate as they should post a sign somewhere the exchange rate they use.
Should I Use Dollars or Colones in Costa Rica?
Even though US dollars are accepted in the touristic destinations in Costa Rica, there are some instances where it is more favorable to use one or the other.
Pay in USD when things are quoted in USD. These are things like tours, private/shared shuttles, hotels, etc. Usually the more expensive products in tourism. This is the best currency to use in Costa Rica for these kinds of things.
Use Costa Rican colones for smaller priced items quoted in colones. These are supermarkets, souvenir stores, farmers markets, street vendors, taxis, buses, gas stations and toll booths.
That way you don’t need to worry about losing out on the exchange rate or having to calculate to the exact colon if you use US dollars.
But like mentioned earlier, you can pay in US dollars at big supermarkets or gas stations and they will give you back Costa Rican colones.
If visiting anywhere outside main tourist destinations, use CRC.
And lastly, if you visit during low season like September or October, some businesses will give extra discounts if you pay in cash.
Other Places to Pay in Colones
Public buses: the buses that you pay when you get on in San Jose do not accept any currency except Costa Rican colones.
Cross country public buses like San Jose to Liberia or Puerto Viejo have to be paid in advance via credit card or cash (USD or CRC) at the bus station.
Toll booths: Use colones as it’s quoted in colones. They accept US dollars but they do not use a good exchange rate.
Tipping: You can tip in either colones or dollars. Local currency preferred.
Can I Pay in Colones for Something Quoted in US Dollars if I Want to?
Sometimes. It depends on the company. Some may, some may not. You will need to ask. However, the standard currency in tourism is the USD.
To check the official exchange rate of the day, it is called “tipo de cambio” and you can check official exchange rates in the link.
Can I Use Canadian Dollars or Euros in Costa Rica?
Canadian dollars, Euros, or any other sort of foreign currency besides USD are not accepted in Costa Rica.
Not all banks accept or exchange Canadian dollars or Euros either, very few do. Scotiabank and sometimes Banco Nacional usually are able e to exchange currencies other than USD.
When you are in Costa Rica, pay with credit card for as many things quoted in CRC so then it will convert directly from CRC – CAD using the exchange rate from the Central Bank of Canada. Make sure you have a credit card (Visa is the most widely accepted) that doesn’t have any foreign transaction fees.
ATM Use
You can find ATMs throughout Costa Rica. They are in English and Spanish and you can withdraw both Costa Rican currency and USD.
All banks have an ATM and they are available 24/7. We recommend to withdraw money during the day and be cautious of people hovering about.
Take great care of protecting your PIN and do not forget to remove your card when finished.
What Credit Cards are Accepted in Costa Rica?
These major credit cards are accepted in Costa Rica: Visa, Mastercard and American Express. The exception is American Express which is accepted only in certain places, so make sure to have a Visa handy.
Visa is the most widely accepted credit card in Costa Rica. Discover card is not accepted in Costa Rica, I have never seen any business establishment accept it.
Important Things to Look Out For When Paying with Credit Card
ALWAYS know which currency you are paying in when using credit/debit card! Why? Sometimes the vendor will ask you which currency you want to pay in: Costa Rican colones or USD.
Make sure to tell them which currency and check the machine before entering your PIN number or pressing the yes button.
However, not all vendors will ask you. The vendor may instead enter the amount to charge in colones instead of USD and that’s a HUGE difference.
So instead of being charged $10 USD, they charge you 10,000 Costa Rican colones which is ~$20 USD. Always ask and make sure you know which currency you’re being charged in!
Debit Cards in Costa Rica
I used my debit card for a couple of years in Costa Rica. However, I don’t recommend it since there isn’t as much protection for debit cards as there is for credit cards.
Furthermore, car rental companies don’t normally take debit cards since the deposit takes 1-3 months to return compared to 72 hours for credit card.
If they do accept it, they’ll have you sign a waiver saying you understand that the using debit card requires a longer time to return the deposit as it’s a “real cash transaction.”
Credit cards offer more security and protection in case it gets stolen, so I recommend to use a credit card in Costa Rica.
Read more Costa Rica travel tips below!
Tips for traveling in Costa Rica on a budget
1 week Costa Rica travel expenses wrap up
How much things cost in Costa Rica
Costa Rica Vacation Checklist
- First time to Costa Rica? Read our First Time in Costa Rica guide.
- Not sure how to move around Costa Rica? Read our How to Get Around Costa Rica guide to find the best transportation method for you.
- Click the link to get our detailed Costa Rica Packing List so you know what essential items to bring.
- Check our Costa Rica destinations map and Costa Rica restaurant map
- Do not forget to purchase Travel Insurance for your trip to Costa Rica.
- Stay connected by purchasing a prepaid SIM Card in Costa Rica.
- Save money with Mytanfeet Deals for tours and hotels and our Costa Rica Car Rental Discount.
Donna says
Hello,
We are traveling to Costa Rica soon. We both have separate mastercards but with the same bank. At times, the 2 step verification can be an issue, even with the bank being aware that we are travelling. Would you recommend also getting a prepaid credit card just to be on the safe side and if it was a mastercard prepaid with no foreign exchange fees, would it be as accepted as a regular mastercard?
Sammi says
If you have set up that you’re traveling your bank should be aware of that, and normal transactions should be OK, they might flag large amounts. You can set up to get texts to confirm purchases, just make sure you are able to use your original phone number whether it’s an international plan or Wifi calls/texts, I have that for a couple of my US credit cards. I do not know about prepaid credit cards, but you can also just bring cash as it’s widely accepted here, USD and CRC.
Michael Kato says
Thank you Mytanfeet! Hands down the most informative spot to get much of what you need to know when traveling in Costa Rica both in the blog and via their Youtube vids. I booked a rental car from a local company (Adobe Rent A Car) through Mytanfeet and was super easy and convenient. Both the rental company and the Mytanfeet team were wonderful ppl to deal with. Can’t say that about any other major airport rental company I’ve dealt with in the past.
Sammi says
Hi Michael, you are very welcome and we’re glad you had a good experience with Adobe and we hope oyu had a great time in Costa Rica!
Henrietta de Veer says
We are hiking El Camino de Costa Rica from 1/21/25 to 2/5/25. We are in a small group led by Urritrek. Urritrek recommends bringing $450 but in colones since we will not have access to ATMS or banks for 15 days. We are extremely concerned about carrying the reams of colones required once converted from dollars and have no idea what denominations are appropriate on the trail. The trek is paid for in terms of where we are staying and meals, and the cash is meant for sundries, any extras and tips. What would you recommend?
Sammi says
Hi Henrietta, I would get a variety of denominations but try to get mostly 10 and 5 denominations. You can get a few 20s. To get the 5s and smaller deoniminations, you will need to go to a bank as the ATM will give you 20s mostly. 20s can work too if you make a bigger purchase, but for tips and sundries, it is best to have small denominations.
Mark says
We are going to Costa Rica for the first time. We will be staying for 3 weeks in Monteverde, La Fortuna, Montezuema and Manuel Antonio.
What is the best way to get cash (colones) so we don’t have to carry a large amount of US $ in cash the entire time?
Can we bring travelers checks and exchange at banks?
Sammi says
You can go to the bank to take out cash (bring your original passport)
Kassay says
I understand the USD bills need to be in almost perfect condition, does the same go for colones? Thank you!
Sammi says
Yes the same as well, no rips, tears, etc. etc. And now they are not accepting the old cotton bills, only the new plastic ones (just in case you have the old bills)
Susan says
Just adding that we have “discovered” that Discover is not accepted here in Costa Rica. That is my daughter’s credit card and she can’t use it – no one takes it.
Taka says
Are there pros/cons to using cash (in colones) versus Credit Card? I was planning on using a credit card as much as possible (Visa) for convenience, but not sure if it would typically cost more or less that way versus using cash in colones.
Sammi says
Make sure you have a credit card that doesn’t charge a foreign transaction fee, right now the CRC is actually stronger than the USD but you would have to see what exchange rate your bank uses if they have to convert CRC – USD. Some places may give a discount for paying in cash versus credit card, because with cash, they don’t have to pay the credit card fee.
Elly says
I am Canadian. I am getting a USD canadian credit card. Is it better to use the Canadian currency credit card or USD
Sammi says
It will be better to use USD as USD is accepted here, Canadian currency is not accepted here but if you’re paying with credit card you can tell them to charge you in local currency (CRC) as I believe the exchange rate is better than going CAD – USD
Tom says
Hi,
Great blog, thanks for all the info!
We were very pleasantly surprised/impressed with the level of card acceptance in CR.
We prefer to pay all-digital and I can share our 3 Weeks’ travel experience (San Jose, la Fortuna, Coco, Monteverde, Jaco, Quesos): we initially exchanged 20 USD to colones, prepared to having to use more cash throughout the trip – but it wasnt the case, we just donated the remaining change at SJO. We managed to pay literally everywhere by credit card (Amex/Mastercard): hotels, restaurants, shops, trips, tickets, tours, toll booths, car rental etc. Even the random Sodas along the road all accepted card, so did all mini markets. One notable exception: the road toll booth getting to SJO airport (c 275 in cash).
Cheers,
Tom