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Home › Forums › Costa Rica Living Forum › Banking
So Scott, or any one else ,How dose one deal with paying the bills living in C/R on a pension. If the banks cant do there job. The pension money has to travel via wire to a C/R bank some how. Or fly to the usa and bring back cash??
The banks obviously do a very basic job and you simply can’t function without banks but don’t expect any kind of professional and timely service.
Scott Oliver – Founder
WeLOveCostaRica.com
Direct deposit your pension in a US bank of your choosing and then withdraw the funds in CR using your ATM card. No wire fees, a small currency exchange fee depending on your bank… and no ATM fee here. It’s a simple approach which will keep your money semi-secure in the US but allow you to access it here in CR to pay your bills without the banking issues arising that are currently creating such a problem for folks.
I even set up a separate US based checking account and had 2 ATM cards issued, one of which I gave to my caretaker should I need to transfer money to CR for expenses when I’m not here. I can get on the computer from anywhere in the world, transfer money into that account, send him an e-mail (or call him) and tell him the money is there for him to withdraw. It’s worked perfectly thus far.
I usually withdraw enough for three months worth of house utility bills and deposit it in my CoopeMex account from which they automatically pay my ICE (Elec/Phone/Cell) and my AYA bill. Seems to be working for me. If your bank in CR gives you a problem with the deposits you can always withdraw the cash from your ATM account and the pay your bills directly… or even prepay them for a few months at a time to avoid the monthly hassle.
Perhaps some other folks can share their ideas…
Edited on Jul 03, 2009 09:30
Scott
Would you consider the safety deposit boxes in Banks safe?
Stan
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