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. First thing to know is that USD is readily accepted in Costa Rica. We will go into more details below.
**Please check our Costa Rica COVID-19 post for latest information and our tips for Costa Rica COVID-19 Travel**
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. The first quarter of 2022, it was around 620 to 1. Now in June 2022, it is around 680 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.
Don’t get scammed: There are still some places that may try to use a 500 to 1 exchange rate. This will make you lose out a LOT! This used to work many years ago when the exchange rate was very close to 500 CRC to 1 USD but that is NO longer applicable.
Make sure to always calculate the exchange rate when using USD because some locals may try to pull a fast one with the exchange rate and still use 500 to 1. If they give your change back using the 500 to 1 rate, you will be losing money! More on this in a bit.
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 in 2022, they will begin phasing out the paper/cotton bills and switch over to plastic. They will start phasing out the larger bills first and then over the next 6 months, phase out the rest.
Is USD accepted in Costa Rica?
Yes, Costa Rica does accept US dollars. This is because Costa Rica is a touristic country with United States citizens as their main tourists. Additionally, many American companies have headquarters in Costa Rica.
For this reason, tours and hotels are quoted in USD. Some restaurant menus list prices in USD (common in touristic areas). And thanks to the increasing exchange rate, locals get more Costa Rican colones if they are paid in USD. For example, if you tip 5,000 colones it’s only about $8 compared to a $10 bill.
Because of this, you do not necessarily need 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 what you plan to do in Costa Rica and where you are going in Costa Rica. Credit cards are accepted in Costa Rica nearly everywhere in the country so you don’t have to bring a ton of cash. However, it is always good to have some cash on hand.
Keep in mind that some businesses may not accept credit cards. Common places where credit cards may not be accepted are Osa Peninsula, Drake Bay, Bijagua, Santa Teresa, Samara and Tamarindo.
For a one week Costa Rica trip, I recommend to bring a round $300 dollars in US dollars cash per person. Then, exchange about $100 USD to Costa Rican colones when you first arrive. 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.
Our personal recommendation for using US dollars in Costa Rica: Bring small bills
It is very hard to break 50s and 100s USD in Costa Rica unless you go to the bank or a casino. Pretty much no other business will accept 50s and 100s USD. So bring mostly fives, tens and twentys.
Also make sure all the bills are in good 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 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 Liberia International and San Jose International Airport have a currency exchange after immigration. You don’t get the best exchange rate so if you can wait until the bank, I 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 money.
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 USD are accepted in the touristic destinations in Costa Rica, there are some places 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 USD. 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 the Central Valley cities or rural areas, you should use Costa Rica currency.
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, USD or colones at the bus station.
Toll booths: Use colones as it’s quoted in colones. They accept US dollars and credit cards though but it’s just easier to pay in CRC. If you use USD, they do not use a good exchange rate so best with CRC or credit card.
Tipping: You can tip in either colones or dollars.
Can I Pay in Colones for Something Quoted in US Dollars if I Want to?
Yes. If you are quoted something in USD, you can always pay for it in Costa Rican colones. I know that the exchange rate for CAD and USD isn’t favorable for Canadians so it’s better for Canadians to pay in Costa Rican colones instead of USD.
Just tell the business you want to pay in colones and ask them how much you owe them. Make sure to confirm the rate they give you.
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 usually is able to exchange currencies other than USD.
There is a currency exchange at San Jose and Liberia Airport that takes Euros, GBP, etc. In case you don’t have any USD beforehand and no bank in your home country has Costa Rican colones, we recommend you to exchange at the airport to get some Costa Rican colones to start with.
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?
Nearly all credit cards are accepted in Costa Rica. 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.
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 around $15 USD. So 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
Haydn says
Hi, Thanks for this article, and for your entire blog! 🙂 I have a question please – if I have a lot of Colones left over when I’m leaving CR (flying from San Jose to Houston) can I exchange them back to USD? Is it easier/better to do this in San Jose or in USA?
Sammi says
Yes you can do it in Costa Rica as in the US, I’m not sure if it’s common for banks to carry CRC
Alanna says
I love your blog, is so inclusive and informative!
I was wondering if there was a recommended bank to exchange money in Liberia. I looked but all of them seem..not highly recommended based on the reviews. Or between the Liberia airport and La Fortuna.
Thanks 🙂
Sammi says
You can go to any of the local banks like BCR, Banco Nacional, or there is a Scotia bank
Tara says
Can you give advice about tipping? What is reasonable to tip taxis, car service, and at restaurants?
Sammi says
Sure, please check this post: how much to tip in Costa Rica.
Molly McRae says
Do most grocery stores/ restaurants/shops that accept credit cards accept debit cards as well?
Thanks!
Sammi says
Yes
Isabella says
Hii, thanks for this info it’s super useful! I read on another blog you can withdraw USD from Costa Rican ATMS, but this sounds a bit strange considering their currency is Colones. Is this true?
Thanks in advance for your intel!
Sammi says
That is correct, you can choose to take out USD or CRC because USD is readily accepted and used in Costa Rica
sammy says
Hello, I have booked some accommodation and tours online using a Visa Debit card that I wasn’t planning on taking on holiday with me. Would this be an issue?
Would I need to prove pre-payment showing them the card I have paid with?
Thank you for your help!
Sammy
Sammi says
Yes most places will ask you to present the card you used to pay for the reservation.
Bruce Campbell says
You mentioned that they are phasing out paper currency in 2022. We are spending 2 weeks in Costa Rica in February 2022. I was planing on taking some paper Colones with me. Will they still be accepted?
Sammi says
It will depend which ones you have, they’re going to phase out the bigger bills first like the 20,000 but you can go to the bank and exchange your paper for the plastic ones
Josh says
There are some banks in San Jose that will exchange the old bills. Also, for now it is only the paper 20 mil bill that has been removed from circulation.
Two_4_Exploring says
Great blog.
One thing to watch out for is if you are using your credit card and you are given the option to pay in USD rather than the foreign currency. You can be hit with a currency conversion fee and they are separate from foreign transaction fees which are often waived by premium credit cards, but not so with the currency conversion fee. The currency conversion fee is “justified” as a service fee for making your life easier by presenting the cost in your native currency. And usually it will note something like “exchange base + 4%” which means they are charging you 4% to convert the local currency into USD. Technically the vendor is required to inform you of this charge.
Jeff Crookston says
My Citi Costco Visa credit card does not charge a foreign transaction fee. If the exchange rate is around ¢620 and a restaurant tells me that the cost of a meal is either ¢6.200 or $10 and then gives me the option to run the card in colones or dollars, why would it matter which I choose?
Sammi says
In that case if there’s no foreign transaction fee or exchange rate fee, it’s really up to you but if you charge in dollars just check they’re using the correct exchange rate if the menu prices are in colones.
Stewart says
That’s right. People can be scammed when asked if they want to pay in dollars or colones for that very reason.
The best CC I have found are those issued by Pen Fed credit union. No transaction fees and no cash advance fees when using ATM’s in CR(at least at BNCR) where I usually go.
Sandy O says
Hello, We are Canadian so would it be better to have credit card transactions charged in colones? I am wondering if we asked to be charged in USD if that would mean we would be paying the conversion fee from colones to USD – and then again from USD to Canadian $$? thank you
Sammi says
You can ask them to charge you card in Costa Rican colones.
Katie Agren says
So if my hotel asks me to pay in colones vs US dollars for my bill. Which is the better deal, or will they make it even either way? I will be paying with credit card.
Sammi says
If you are from the US, USD is better, that way you won’t get charged an exchange rate or international fee (if your credit card has these) and if the hotel quotes you in USD, its better in USD.
Jenny says
This blog is my go-to for planning my trip to CR. Thanks. We usually get local currency from airport ATMs when traveling. Is there any advantage or disadvantage to getting CR currency from the ATM vs exchanging money at the bank?
Sammi says
Not to my knowledge, you could do either but ATMS do have limits and in some areas, the ATM may not always have money.
Bennett Marcel says
Hi there, this is an awesome place for information. Am I correct to assume that using a visa in Costa Rica and paying in USD would not cause an international currency fee? My chase visa charges 3% but my discover charges 0%. If the original transaction is in USD I would think there would be no fee.
Thanks is advance
Sammi says
My visa credit cards doesn’t charge any international fees or exchange rates, not sure about Discover. I would use your Visa as much as possible anyways since Discover is not readily accepted compared to visa in Costa Rica.
Dianne L Callahan says
Also watch the old currency. We were given a 2000 Colones bill in change. We gave it to a musician as a tip. He wouldn’t take it saying it wasn’t worth anything!
Karen says
Im going to meet a friend in CR and want to confirm the rate before I go. She paid $160 USD for 67,000. Is this good?
Sammi says
67,000 colones and $160 USD? That is too much USD. 67,000 colones is around $117 USD.
Thomas Keith says
No, not that good. You bought 419 CRC for each US dollar. The current exchange rate according to Morningstar is 613 CRC for each US dollar. But it is rare to find a place to exchange for the rate as posted according to Morningstar. For many years the rate has routinely been greater than 500 CRC for each dollar, but currently, Banco de Costa Rica in Costa Rica is 606 CRC for each dollar. Other banks (looking at it another way) are buying USD for 609 CRC. CXI Currency Exchange which is a US company with brick and mortar locations will sell you 557 CRC for each US dollar.
Abhishek Yada says
Nice, was it an easy process at the bank. Did you have to wait in long lines or was it challenging to communicate in English with bank officials.
Sammi says
Not all bank tellers know English so when you go, you can ask if there is an English speaking teller.
Chris says
Three weeks ago I exchanged euros without any problems.
The money changer at the airport in Jan Jose gave me – as expected – a lousy rate of 534 colones per euro. Next day I went into the first bank around the corner of my hotel which happened to be a Scotiabank and they gave me 617 colones per euro, which was almost the advertised offical exchange rate by the National Bank of Costa Rica of 619 colones per euro for that day.
Barb says
Is there an ATM in or near Montezuma? We’re spending a week there in March… I haven’t been to CR in more than 20 years. I spent several months there that time, but this info has helped me prepare for how different it will be! (Last time I had travelers checks… that’s how long it’s been)
Sammi says
I would go to the bank and ATM in Cobano, the main town near Montezuma. I have heard that the ATM in Montezuma is commonly out of money.
Stephen Yourth says
Is the exchange rate from the ATM the same as the exchange rate of the bank @ the time u get ur cash?
yeison says
Hello Stephen,
Thank you for your comments, yes the exchange rate of any ATM machine is the official one by the bank.
Dan says
I went to a bank’s atm machine to get 20000 colones from my Canadian bank account and the fees were outrageous. In total I ended up paying about $10 in fees… $3 ATM fee from my bank and the rest in the CR bank’s fees. We brought Canadian cash with us and I tried exchanging at 2 banks, but neither would take it. I was told Banco Nacional will but have yet to try that.
Sammi says
You can also try ScotiaBank, I found Scotiabank tends to take more foreign currency other than USD.
Bethany says
This is very helpful information! We’re heading down there in a week and have enough cash in good condition, but can you specify about the folds? I tend to carry my money in a wallet that requires I fold it in half — should I avoid folding at all and keep the cash flat in an envelope?
Sammi says
Hi Bethany, sorry I should have been more clear in the post. The bill can’t have any misfolds which is a misprint. It is OK if your bills are folded in half or thirds from your wallet, just make sure there are no rips, tears, stains, any misprints or if it’s super duper wrinkled and folded like a ton of times and it’s about to rip. But normal wallet folds with clean bills are fine.
rob koene says
I’m staying Jaco for a month. where would mud baths or hot springs be close to my location?
Sammi says
There are some hot springs down by Dominical (1.5 hours from Quepos), as for mud baths the ones we know of are mostly up in Guanacaste.
Kristen says
Another credit card scam to add to your list…
We live in CR and recently played tourist with some friends in Manuel Antonio. My friends wanted to shop for souvenir gifts. My husband and I went along for the journey. A very charismatic, flamboyant man guilted us into his shop. Made us his best friend, told us he accepts credit cards and enthusiastically helped us around the store. It was chaotic but came off as enthusiasm. We like to support locals so we thought what the heck…we’ll get a shirt each. We were quoted prices in dollars ($12 for the tank top, $23 for the shirt) then he continued the enthusiasm as his sister rang us up for 36,000 colones. I’m trying to do the math in my head (I live here too so I’m used to the exchange rate and all that), he continued being a strong distraction so that I wouldn’t catch on to the scam. It wasn’t until we were driving north that it finally came back to me…36,000?! We paid $63 for some cheesy shirts are you kidding me?
Luckily, I know I can dispute the charge with my credit card and get the money back. How many tourists leave that shop (or shops…not sure how many shops run this scam) and not realize what transpired? The shop is Souvenirs Patty- that is how it appears on our credit card statement.
Sammi says
Yikes so sorry to hear that!! Thanks for sharing your experience and feedback though, it’s a good thing to warn tourists about!
Carla says
Hi I’ve relied on your blog for planning our trip to CR…thank-you! So informative and helpful!!!
Sammi says
Hi Carla, we are very happy to hear that! We hope you have a great time!
Greg says
Thanks for all the great advice. We are in the planning stages for a trip to Costa Rica next March.
We are looking in the Dominical/Uvita area. Thanks for all the info so far.
Lewis says
Your blog is the best, and we’re renting our SUV through you for our trip at the end of May 2019. You mention making sure you don’t get scammed on the exchange rate. If the math is not done correctly, do I just point it out to the cashier. It’s hard to imagine arguing at the check out.
Sammi says
Thank you for the kind words 🙂
Yes, make sure to check the current exchange rate and you find they didn’t calculate it right, point it out to them immediately. We’ve even pulled out the calculator on our phone and calculated it ourselves to make sure it was correct. Check if they posted what the exchange rate they use is, most supermarkets and gas stations do, but if you go to a small one or a more rural area, right now it is around 588 CRC to 1 USD.
Brad says
Hi, Can I exchange from colones to USD before leaving Costa Rica
Sammi says
Yes definitely, you can go to any bank or at the airport to exchange. Bank is a bit better.
Bonny & Joe Hillebet says
Hi Sammi and Yeison,
We are finally 2 weeks away from our trip to Costa Rica, and thanks to all your help, we are down to figuring out how many colognes we will need. Question for today: Is gas paid in colognes, dollars, or can it be paid with credit card, even? We are going to be arriving March 4, and leaving March 20, and will be driving from San Jose to Vera Blanca, to Monteverde, to Carara area, then San Isidro General area, then Savegre, San Gerardo de Dota, and back to San Jose during that time, spending 2-3 nights in each area. We are really excited about it, and all your information has been outstanding. We are renting our car thru your website, too. Thank-you so much.
Sammi says
Hi Bonny, you an read all about getting gas here: Costa Rica gas stations 🙂
Diane says
Thank you for the very informative information, I have really enjoyed reading your blog. We are headed to CR in a week and were planning to take a small amount of USD and withdraw as we need from the ATM. The exchange rate to purchase Colones in Canada is less favourable. Are the ATMs readily available? We land in Liberia and head to La Fortuna and would likely want to with draw some local currency in the first couple of days.
Sammi says
Hi Diane, ATM’s are readily available in Costa Rica and you will find ATM’s that are 24 hours. There is a currency exchange at the airport but keep in mind that most banks in Costa Rica don’t exchange Canadian dollars, only some of them do so to be sure, I would withdraw colones at the airport just in case.
Diane says
Thank you Sammi,
Our intention would be to leave our Canadian money at home. Please confirm, If we are using our Canadian ATM card, at all machines we would have the option to withdraw Colones or USD, have I understood this correctly? Do you know if they convert Canadian to Colones directly, or do they convert from CAD to USD and then to Colones?
Thank you
Diane
Sammi says
Hi Diane, that is correct all ATMS give you the option to withdraw colones or USD. I would think Canadian to colones would be just straight Canadian to Colones.
les says
With respect to exchanging money in CR, specifically Samara where we just spent January, the two local banks have no issue exchanging your Can for Colones and for a good rate as well.
We received the same exchange rate as available in the money exchange locations in Malls and better than at our Can bank.
All that is needed is to take your passport with you.
Clarice says
Thanks for all your helpful information
Heidi says
Do you know which if any banks in Playas Del Coco will exchange Canadian dollars? Last time in CR I had no issue exchanging at the Scotia Bank in Jaco but I see there is no Scotia Bank in Coco. Would much prefer to not have to get USD here in Canada before we leave and have to exchange twice.
Sammi says
None that I know of. There is a Scotia Bank in Liberia though, in the Santa Rosa Plaza.
Robin says
I am from UK and I got fees everywhere when I withdraw from ATM…
Just heard about one mobile application Fairswap to exchange cash.
Widely, you can post your need in foreign currency and if there is someone nearby facing the reverse need, then he can contact you and you will meet him and make the swap.
Could be a good way to change before travelling or get rid of some leftover after holidays.
Patsy says
So impressed with your blog! I’ve never seen another website about Costa Rica with so much info that is up to date and accurate and truly helpful. I’ve traveled to Costa Rica several times and have still picked up some great tips from your blog as I prepare for another visit. One question — do you have any info on moving to Costa Rica? I’ve wanted to do this for years and am now in process of gathering info on the specifics. My trip in 2 weeks is to visit potential areas to live. I would really appreciate any ideas or recommendations you may have. Thanks so much and keep up the great job!! You guys have the best job in the world! Enjoy.
Sammi says
Hi Patsy, thanks for your kind words! We just try to do our best to put as much helpful and up to date info as possible! As for moving to Costa Rica, that is a huuuuge topic so it depends on what you’re asking about (living, making money, daily expenses, finding rent, buying, etc.) and it depends on what stage of life you are at – single, retired, family, etc. I haven’t written any posts on it just because it’s such a big topic but my best advice is to first figure out how you’ll make money if you’re not retired because it’s incredibly hard to get a job in Costa Rica and the living wages are way lower so depending on your lifestyle, a lot of people don’t live here permanently because they can’t get a job or make/have enough money to keep living the lifestyle they want in Costa Rica. Good luck!
Sandy kolp says
Just want to tell you your site was very useful with our trip to Costa Rica this April. Had a great time and saw lots of animals. Keep up the good work. Sandy Kolp
Sammi says
Hi Sandy, I’m so glad to hear that and that you guys had a great time in Costa Rica! Thanks for reading!
Shahla Foote says
I found information you previded very helpful ! I’m leaving for Costa Rica some times next month and can use all the info comes my way .
Thank You ☺️
Sammi says
Hi Shahla! I’m happy to hear the information is useful! We hope you have a wonderful time and you can find a lot of information on this page: Costa Rica information
Jennifer Grundy says
Thank you for these tips.
Some restaurants give a price in colones and usd . Usually at the even dividend. C6000 IS 12.00
C10000 IS 20.00 ETC.
Is it cheaper to pay in colones?
Sorry, I’m slow in the numbers depth
Sammi says
Hi Jennifer, they need to change that because it’s not accurate. 10,000 colones is not $20, it’s around $17 so I would pay in colones, you’ll be losing money with dollars if that’s how they are going to charge.
Dong says
It’s good to know that one can withdraw both Colones and Dollars from the ATM. But which is a better deal? I am thinking that dollars may not needs currency conversion.
Sammi says
Either one is fine since the bank will use the accurate currency exchange rate for that day and it does also depend on your own bank if they have an exchange fee.
Lori says
Thank you for all of this info! I’m heading to Costa Rica later this month and this post was very handy. 🙂
Sammi says
You’re welcome, glad it was useful and have a great time!