Posted on August 27th, 2011 by Angela Passman
A U.S.-bound air passenger was found to be carrying nearly $10,000 in counterfeit $100 bills Wednesday, but he was allowed to leave after police confiscated the funny money. The incident took place at Juan Santamaría airport. The Policía Aeroportuaria of the Fuerza Pública said they found 95 fake bills in the pocket of the 34-year-old [...]
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Filed under: Leaving Costa Rica, Living in Costa Rica, Money in Costa Rica, Moving to Costa Rica, The Dark Side
Posted on February 28th, 2011 by Angela Passman
The U.S. Internal Revenue Service announced last week a new initiative to crack down on citizens who are hiding money offshore. The crackdown extends to those U.S. citizens who have control of overseas corporations, what the IRS calls an entity. Many expats in Costa Rica fall into that category if the total amount in bank [...]
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Filed under: Living in Costa Rica, Money in Costa Rica
Posted on February 3rd, 2008 by Angela Passman
IRS Winning friends among local bank officials! The sign of things to come: Banco Cuscatlan now requires citizens or resident aliens of the United States to fill out a W9 form for personal accounts at the firm’s banks in Costa Rica. Why? Because Citigroup bought Grupo Cuscatlan from Corporación UBC Internacional S.A. for $1.51 billion [...]
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Filed under: Banking in Costa Rica, Leaving Costa Rica, Living in Costa Rica, Money in Costa Rica, Moving to Costa Rica, The Dark Side, Working in Costa Rica
Posted on February 8th, 2007 by Angela Passman
Most banks have ATM machines (cajero automatico in Spanish); most are part of the country’s ATH (A Toda Hora) or Red Total networks and can accept international cards. Check with your home bank for transaction charges and if your PIN needs to be converted for use here. Most times it does not. Lines of epic [...]
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Filed under: Living in Costa Rica, Money in Costa Rica
