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Central Bank To Replace SINPE With IBAN For Interbank Transfers

The Central Bank announced it will end the SINPE (Sistema Nacional de Pagos Electrónicos) transfers format by the end of the year, when all financial entities must apply the International Bank Account Number (IBAN). Starting on January 1, 2019, the 17 digit SINPE client account...

Costa Rica Bank Scam – Don’t Be ‘CLAVE(D)’

This is the story of my friend. I'll call him Daniel not to embarrass him, although he was the first to admit to me he was an idiot. He is not. He is a prominent businessman in Costa Rica. He just got caught up...

Costa Rica Starts Bank Account Renumbering

Q COSTA RICA - Sunday, January 22 will see the start of the process to replace the 17-digit customer 'cuenta cliente" (account numbers) with the global standard International Bank Account Number (IBAN), which will facilitate interbank transactions at the national and international level. The Central...