Banking Terms

Banking Terms in Costa Rica

account…………………………………………………………………. la cuenta
application………………………………………………………………. solicitud
ATM………………………………………………………….cajero automático
bank…………………………………………………………………………….. el banco
bank book…………………………………………………..la libreta de depósitos
fixed………………………………………………………………………………fijo
balance……………………………………………………………………….. saldo
bill ……………………………………………………………………………………billete
bond …………………………………………………………………………………..bono
cash ……………………………………………………………………dinero en efectivo
to cash……………………………………………………………………cobrar, cambiar
cashier, teller ………………………………………………………………..cajero/a
change………………………………………………………………………………cambio
to change…………………………………………………………………cambiar
check………………………………………………………………………………cheque
check book……………………………………………………………… la chequera
checking account………………………………………………. cuenta corriente
coin…………………………………………………………………………moneda
compound interest……………………………………………. interés compuesto
credit card…………………………………………………… tarjeta de crédito
customer…………………………………………………………………………cliente
debit…………………………………………………………………………..débito
debit card …………………………………………………………….tarjeta de débito
debt………………………………………………………………………….. deuda
deposit…………………………………………………………………………..depósito
deposit slip……………………………………………………..hoja de depósito
to deposit…………………………………………………………………….depositar
dollar………………………………………………………………………………..dólar
draft……………………………………………………………….. giro bancario
endorso………………………………………………………………………….endorse
to endorse……………………………………………………………….endorsar
foreign exchange …………………………………………………………divisas
income ……………………………………………………………………………ingresos
Saving Money in Costa Rica 155
insured …………………………………………………………………………asegurado
interest ……………………………………………………………………………..interés
interest rate …………………………………………………………….tasa de interés
invest ……………………………………………………………………………….invertir
line………………………………………………………………………………. fila
loan……………………………………………………………………………. préstamo
manager…………………………………………………………………….gerente
money……………………………………………………………… dinero/plata
money order…………………………………………………….giro baancario
mortgage………………………………………………………………… hipoteca
to mortage…………………………………………………………………..hipotecar
payment…………………………………………………………………. pago, abono
to pay…………………………………………………………………………pagar
pay off debts………………………………………………… saldar las deudas
profit………………………………………………………………………….ganancia
receipt………………………………………………………………………..recibo
safe…………………………………………………………………….. caja fuerte
salary……………………………………………………………….sueldo/salario
savings………………………………………………………………………ahorros
savings bank……………………………………………………….. caja de ahorros
savings account………………………………………………. cuenta de ahorros
to save……………………………………………………………………..ahorrar
securities………………………………………………………………………….valores
stock, share…………………………………………………………………….. acción
tax………………………………………………………………………… impuesto
taxable…………………………………………….gravable, sujeto a impuesto
to tax……………………………………………………………………….. gravar
teller’s window…………………………………………………. la ventanilla
traveler’s check…………………………………………….. cheque de viajero
withdraw ……………………………………………………. retirar, sacar dinero
withdrawl………………………………………………………………………… retiro
withdrawl……………………………………………………. slip hoja de retiro
to withdraw……………………………………………………………………. retirar
vault………………………………………………………………………………. bóveda

If you have a Costa Rican corporation, you may also open a local
corporate checking account, or cuenta corriente empresarial. You’ll have
to provide the following: passport or cédula (Costa Rican ID), the name
of the corporation or personería jurídica, proof that it is active, a letter
from the person who has general power of attorney of your corporation
authorizing who can sign on the account, along with their ID numbers,
and an initial deposit of about $1,000 for an account in local currency or
$2,000 for a local dollar account.

International dollar checking accounts are offered through BAC.
Individuals and corporations may open these accounts, but specific
requirements must be met. Check with the bank of your choice.

Most banks are normally open from 8 a.m. to 5 p.m., Monday through
Friday. Two branches of the Banco Nacional in downtown San José open
at 7:30 a.m. Branch offices at most malls don‘t open until the mall opens.
More and more banks are open on Saturdays and a few even on Sundays.
Mutual de Alajuela has a service called SERVICAJA. Some of its branches
are open after regular banking hours, on Saturdays, Sundays and holidays.

Warning: Never plan to do any banking on the second or last Friday of
the month; this is payday for most Costa Rican workers and lines sometimes
extend outside the bank.

The state banks are also very crowded after holidays and on Monday
and Friday mornings. It is always best to get to the bank at least a half-hour
before it opens to get a good place in line. Bring some good reading material,
since the lines often move at a snail’s pace.

Comments are closed.