At the beginning of each year, many people look for ways to start saving money. Banco de Costa Rica (BCR) has introduced several digital tools designed to make saving easier and more accessible for its customers.
Customers can now open an Automatic Savings account, create an Electronic Envelope, or set up a Certificate of Deposit (CDP) using their mobile phone or computer. These products are available through the BCR Mobile App and the bank’s online platform at www.bancobcr.com.
With Electronic Envelopes, clients can transfer funds from their main account into a separate envelope, managing both the amount and timing of transfers as they wish. Funds can be deposited or withdrawn at any time without schedule restrictions. Clients also have the option to automate deposits into these envelopes through BCR’s Virtual Office.
The Automatic Savings tool allows customers to set up regular deductions from either their savings or checking accounts. The chosen amount is transferred automatically over a defined period. This product accrues interest on the saved balance and does not require an opening fee. Customers can create multiple automatic savings plans according to their needs. At the end of the agreed term, both principal and interest are returned to the client’s account.
Electronic Certificates of Deposit (CDPs) provide another way for individuals and businesses to invest funds for a fixed period at a predetermined rate. Upon maturity, both principal and interest are deposited back into the selected account.
BCR also offers a variable-rate CDP known as Certificado de Depósito a Plazo Variable (Tasa TRI). This product assigns an interest rate that adjusts every three months based on the Interbank Reference Rate (TRI). After each quarter, current rates are checked and applied for calculating future interest payments until maturity.
To use these services, customers must access BCR’s official digital channels: either via its app or website. For further assistance about how these products work, clients may contact BCR’s support center by phone at 2211-1111 or WhatsApp at 2211-1135.
“Electronic Envelopes, Automatic Savings, and CDPs are products that clients can use and customize independently directly on our website,” stated BCR in its announcement. “The Bank will not request confidential information or access codes by phone or through additional software installation when subscribing to Envelopes.”
These tools aim to encourage more people in Costa Rica to adopt consistent saving habits using secure online banking options.
