BACUCRSJ

Payment Instructions

General instructions for international payments to banks in COSTA RIKA: To make cross-border payments to Costa Rica, ensure the following:

• Obtain the required bank information from the Beneficiary including SWIFT BIC, IBAN, tax ID number, and the beneficiary bank address.
• For the Ordering Customer (SWIFT MT103 F50), include account number, full name (no initials), and address. Use of initials may delay funds.
• For the Beneficiary Customer (SWIFT MT103 F59), include the account number (IBAN), full name (no initials), address, and tax ID number. The account number must be a 17-digit 'Cuenta Cliente'. Example: 12345678912345.
• The Cedula Juridica (9-12 digit tax ID) must be included to avoid payment delays.
• Include the SWIFT BIC with branch identifier, full name, and address of the beneficiary bank.
• There are no specific bank clearing codes, but SWIFT BIC is key for routing payments.

IBAN: Yes, IBAN is required for beneficiaries in Costa Rica. The structure is CR2!n3!n14!n, totaling 22 characters. Example: 'CR9876512345678912345'.

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks of THE BANK OF NOVA SCOTIA (COSTA RICA) S.A. (FORMERLY BANCO CITIBANK DE COSTA RICA S.A.) for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from THE BANK OF NOVA SCOTIA (COSTA RICA) S.A. (FORMERLY BANCO CITIBANK DE COSTA RICA S.A.), you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

Disclaimers

We are doing our best to demystify cross-border payments, however TrackMySwift is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive a safe advise. Country-specific payment instructions have been prepared based on Global Wires Payments Formatting Requirements Guide from J.P.Morgan.