As a democracy in the middle of globalization, Costa Rica has already revamped its banking laws to build a presentable, modern and safe infrastructure, which supports the real estate activity and the investments.
At present, Costa Rica has a Central Bank, three government-owned banks, 19 private commercial banks, one government-owned mortgage bank and various private finance companies. Government-owned banks in Costa Rica are the Banco Nacional, Banco de Costa Rica and Banco Credito Agricola. These all have branches throughout the country and the monies deposited with them are guaranteed by the government. Many of the private banks are affiliated to major international banks, and are governed by the same rules as the government banks. Most private banks are mainly located in the major metropolitan area of the Central Valley.
All banks have checking and savings accounts kept in U.S. Dollars or Costa Rican Colones. Many also offer debit and credit cards, subject to requirements, and most have automated teller machines to facilitate banking after business hours.
The Costa Rican authorities cooperate with international agencies and governments, especially the United States, in reporting information to prevent money laundering.