There are two types of banks in Costa Rica: Those owned by the state and private banks. Deposits are insured by the former and not by the latter. The only real disadvantage to public banks is that at times the lines and waits seem to be longer than at the private banks. I have accounts [...]
Source: http://www.liveincostarica.com/blog/2011/12/retirees-will-be-pleased-to-know-there-money-is-very-safe-with-banco-nacional.html
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