Q COSTARICA — The Central Bank’s Board of Directors has unanimously approved a reform that caps Sinpe Móvil (SMS test message) transfers at ¢100,000 colones per day.
This move aims to cut down on fraud linked to these transfers, according to La Nación.
Read more: Learn to recognize a fake SINPE
Some banks have allowed Sinpe Móvil transfers greater than ¢10,000 and up to ¢500,000, while the customer is willing to pay a surcharge; however, the new rule will set a standard limit of ¢100,000 for everyone.
Read more: Hacienda will hunt for tax evaders with Sinpe Móvil
This change, says the Central Bank, is designed to boost user security in a system that processed 359 million transactions during the first half of 2025, 20% more than the 300 million recorded in the same period last year.
Just so you know, this change doesn’t impact the limits on Sinpe transfers—whether you’re moving money between your own accounts or to other banks.
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