Collections
COLLECTIONS
CLEAN OR DOCUMENTARY COLLECTION
The Collection Service is a method of payment that uses the presentation of any obligation, promissory note, bills of exchange, shipping documents or other title of values, in order that said document be paid or accepted. All commissions and expenses are paid by the client.
In this area, the service of sale of any type of European currency is given (Yens, Euros, pound sterling, etc.).
Modalities
- Exportation collections: Through this method, BICSA carries out collection procedures with the shipping documents for the exports made.
- Importation collections: Through this method, BICSA carries out the presentation of shipping documents for importations done to local purchasers, receiving them from banks and suppliers of any part of the world.
| Rate: | 0.50% of the amount Minimum: US$25.00, Maximum: US$100.00 |
| payment by Telex: | US$20.00 |
| Rate: | 0.50% of the amount Minimum: US$25.00, Maximum: US$100.00 |
| Payment by telex: | US$15.00 |
| Notification of Overpayment: | US$10.00 |
Benefits
- Wide experience in the handling of foreign trade operations
- Security.
- Prompt and personal attention.
- Low costs.
- Additional financing in the case of obtaining a Line of Credit
Requirements
- Legal capacity that was issued not more than one month ago and is authenticated by a Notary.
Further information
To obtain further information on Clean and Documentary Collection – Private Banking, write us at this email and one of our executives will communicate with you.
Fund Transfers
FUND TRANSFERS
Practically since its founding, BICSA has established and maintained a strong relationship with the international banking community, which has allowed us to have the capacity to offer international financial services in any part of the world.
BICSA offers service of banking transfer abroad through the SWIFT System, an efficient, secure and trustworthy electronic private communication system that connects to more than 5,000 financial institution in more than 120 countries. For transactions within Costa Rica, BICSA offers the SINPE System (Interbank System for Negotiations and Electronic Payments ) of the Central Bank of Costa Rica.
BICSA has an extensive network of correspondent banks, which permits us to go directly to the bank of the beneficiary, thus minimizing the cost to our clients.
- Internal Transfers. You can transfer funds from one account to another account in your own name within BICSA.
- External Transfers. Those transfers of money that must be paid to beneficiaries within and outside the country.
- Transfers to Third Parties. Those transfers which must be paid to beneficiaries that have an account at BICSA.
Benefits
- Access to your account to make inquiries and transfers via our Online Banking 24 hours a day and from anywhere in the world.
Requirements
- Be a bank customer.
Further information
To obtain further information on Fund Transfers – Private Banking, write us at this email and one of our executives will communicate with you.
Documentary Credit
DOCUMENTARY CREDIT
The Documentary Credit Service is a method of payment by means of which one can cover the purchase of good and services. In this type of service, the bank acts on behalf of the purchaser, guaranteeing the seller the payment of a sum of money in an established period in the commercial operation, against the reception of shipping or service documents, which comply with the terms and conditions established by the buyer.
Benefits
- Our operations are carried using the SWIFT system.
- Flexibility, for its great diversity of types of commercial operations and services, as much local as international.
- Additional financing that BICSA offers if such is necessary for the specific operation, which allows your company to minimize cash flow.
- Peace of mind, because of the guarantee that the participation of BICSA lends to the transaction.
- The Documentary Credit gives a guarantee to the seller, because a bank is involved in the commercial operation.
- This is a completely flexible instrument, which adapts itself to the conditions of the commercial operation or services.
Requirements
- A qualified credit line in order to open Documents of Credit.
- A request to open a Letter of Credit which can be obtained on the Internet.
Further information
To obtain further information on Letters of Credit – Private Banking, write us at this email and one of our executives will communicate with you.
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