Costa Rica Currency: Everything You Need to Know

Costa Rica is a dream destination for many visitors, known for its lush rainforests, beautiful beaches, and incredible wildlife. But before you embark on your trip, it’s important to understand Costa Rica’s currency and how money works in the country. Max, who grew up in Costa Rica and still has family living there, has firsthand experience navigating the local financial system. Whether you’re wondering if US dollars are widely accepted, how to get the best exchange rates, or what to expect when using Costa Rican banknotes, this guide has you covered.

What is the Currency of Costa Rica?

The official currency of Costa Rica is the Costa Rican colon (plural: colones), abbreviated as CRC and represented by the symbol ₡. However, US dollars are widely accepted, especially in tourist areas such as San José, Manuel Antonio, Tamarindo, and La Fortuna.

Costa Rican Banknotes and Coins

Costa Rican banknotes come in different sizes and colors, making them easy to distinguish. The denominations available include:

• ₡ 1,000 – Features a monkey and the rainforest.
• ₡ 2,000 – Depicts a parasol mushroom and a beach scene.
• ₡ 5,000 – Displays a bromelia flower and a jaguar.
• ₡ 10,000 – Shows a rabbit stroking (tapir) and the rainforest.
• ₡ 20,000 – Features Aunt Panchita, a famous Costa Rican author.
• ₡ 50,000 – Portrays Cristóbal Colon (Christopher Columbus) and the Caribbean coast.

Coins come in ₡ 5, ₡ 10, ₡ 25, ₡ 50, ₡ 100, ₡ 500 denominations. These are useful for small purchases like street food or bus fares.

Can You Use US Dollars in Costa Rica?

Yes! Many businesses, hotels, and restaurants accept US dollars (USD). However, colones are the preferred currency, and you might get a better value when paying in the local currency.

• Dollars are widely accepted in tourist areas but may not be in rural regions.
• Businesses often give change in colones, even if you pay in dollars.
• It’s best to carry smaller bills ($1, $5, $10, $20) as larger bills ($50, $100) may not be accepted due to security reasons.
• Some locations may provide poor exchange rates if you pay in USD, so always check first.

Exchange Rates and Where to Exchange Money

The exchange rate between colones and US dollars fluctuates but generally hovers around 500-600 CRC per 1 USD. You can check the latest rates at banks, currency exchange services, or online.

Where to Get the Best Rates

• Banks (Banco Nacional, Banco de Costa Rica, Banco Popular) – Offer the best rates but require passport identification and may have long wait times.
• ATMs – Convenient but often charge foreign transaction fees. Use official ATMs inside banks for security.
• Hotels and Tourist Businesses – Often exchange dollars but at a lower rate than banks.
• Currency Exchange Booths – Available in airports and tourist hubs, but rates vary.

Additional Exchange Tips

• Some businesses set their own exchange rates, so always confirm before making a purchase.
• Carry both colones and dollars to ensure flexibility in different settings.
• Avoid exchanging money with street vendors, as counterfeit bills are a risk.

Tips for Using Money in Costa Rica

• Use smaller bills – Bills larger than ₡ 10,000 can be difficult to break, especially in small businesses.
• Carry cash – While many places accept credit cards, some rural areas and small vendors prefer cash.
• Watch out for fees – Some businesses charge an extra 3-5% fee for credit card transactions.
• ATMs dispense both colones and USD – Choose wisely depending on your needs.
• Use a travel-friendly credit card – Opt for one that does not charge foreign transaction fees.
• Consider prepaid travel cards – These can help with budgeting and prevent overspending.

Tipping Customs in Costa Rica

Tipping is not mandatory but appreciated in Costa Rica. Here’s what to expect:

• Restaurants – A 10% service charge is usually included in the bill, but you can add extra for great service.
• Hotels – Bellhops ($1-2 per bag), housekeeping ($1-5 per night), concierge (optional).
• Tour Guides – $5-20 per person, depending on the tour length and quality.
• Taxi Drivers – Not required but rounding up the fare is common.
• Spa and wellness services – A 10-15% tip is customary.
• Private drivers – Typically $10-20 per day, depending on the service provided.

How to Avoid Common Money Mistakes

• Be cautious with street money exchanges – Stick to official banks and ATMs to avoid scams.
• Always count your change – Some businesses might try to shortchange tourists.
• Have a mix of payment options – Carry cash, credit/debit cards, and a backup source of funds.
• Avoid carrying large amounts of cash – For security reasons, withdraw only what you need.
• Inform your bank of your travel plans – This prevents unnecessary card blocks due to foreign transactions.

Using Credit and Debit Cards in Costa Rica

Credit and debit cards are widely accepted in major cities, hotels, restaurants, and supermarkets. However, some rural areas and small businesses may only take cash.

• Visa and MasterCard are the most accepted.
• AMEX and Discover may not be as widely accepted.
• Always check if a business charges additional fees for card transactions.
• Use chip-enabled cards for added security.

Final Thoughts on Costa Rican Currency

Understanding money in Costa Rica ensures a smooth travel experience. While US dollars are widely accepted, it’s worth noting that using Costa Rican colones may provide better value. Be mindful of exchange rates, foreign transaction fees, and security tips when handling cash. Whether you’re dining at restaurants, paying for hotels, or shopping for souvenirs, being prepared will make your trip stress-free!

By planning ahead and knowing what to expect, you can spend wisely, avoid common pitfalls, and enjoy your Costa Rican adventure without financial worries.

Have you traveled to Costa Rica? What was your experience with Costa Rica’s currency? Let us know in the comments!