FOREIGN TRADE PRODUCTS

PAYMENT ORDERS


Payment Orders Received

We receive transfers through our correspondent banks to make payments to beneficiaries, by means of deposits in the accounts we handle or to deliver them by means of a bank draft which can be cashed in any of our windows.

Payment Orders Sent

We send transfers by cable or by means of the SWIFT electronic system connected on line with our correspondents to contact the beneficiaries of the same.

Benefits

  • Agility, Security and Confidentiality in your transfers.
Requirements.

  • To be a Customer of the bank.
Further Information

To obtain further information on Payment Orders – Private Banking, write us at this email and one of our executives will communicate with you.

FUND TRANSFERS


Payment Orders Received

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.

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.

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, German Marks, etc.)

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.
EXPORTATION COLLECTION

Through this method, BICSA carries out collection procedures with the shipping documents for the exports made, offering for this service the following commissions:

Clean Collection
Rate: 0.50% of the amount Minimum: US$25.00, Maximum: US$100.00
Payment by Telex: US$20.00
IMPORTATION COLLECTION

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, offering for this service, the following commissions:

Documentary Collection of Importation
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


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.

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.
Modes

  • On Demand: When the shipping documents, as well as any other document requested by the importer, have been presented. The confirming bank pays immediately.

  • On terms: Against the delivery of shipping documents which the exporter sends to the bank, the bank delivers a document which obliges the payment of the value of the letter of credit in a pre-determined period.

  • Stand-By: At the request of the purchaser, the bank guarantees compliance of obligations contracted by the purchaser to the favor of a beneficiary. In case of non-compliance, the payment will be made upon the presentation of the documents required by the purchaser. This mode is more versatile and can guarantee any type of transaction as a purchase or sale of products and services. In addition, it can guarantee several transactions in a determined period with less costs in relation to the letters of credit and exportation and importation.

Rates

  • Request the information from the International Department about the rates.
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.