Best way to send money to Honduras | Finder Canada

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Send money to Honduras

Compare fees and exchange rates to get the best deal on your next money transfer to Honduras.

Have you been looking for easy and fast ways to send money between Canada and the central American nation of Honduras? Although some Canadian banks will send money to Honduras, they tend to charge high fees, give poor exchange rates and take days to send the funds.

On the other hand, specialist money transfer services send large sums of money around the world every day. These services are able to offer customers lower fees, better exchange rates and faster transfer speeds.

If you are looking to save time and money when sending funds between Canada and Honduras, read on to find out which factors you should compare.

Compare money transfer services below

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 19.08 HNL
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
CAD 10 Within an hour CAD 1.99 18.965 HNL
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
CAD 0 Within an hour CAD 3.99 19.099 HNL
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Case study - Banks versus money transfer companies

Maribel is moving to Canada for work. However, her parents and younger brother remain in Honduras. Since her family depend on her financially, she’ll have to send them money on a regular basis. Maribel figures she can comfortably send around $1,000 Canadian dollars every month.

Upon checking with her Canadian bank, she finds out that it does not transfer funds to Honduras, given that the Honduran lempira is an exotic currency. When she compares money transfer companies using the Internet, this is what she finds.

Money transfer service 1Money transfer service 2
Exchange rateCAD$1 = 17.85 HNLCAD$1 = 18.22 HNL
Transfer feeCAD$4CAD$40
Amount received for CAD$1,00017,854.00 HNL18,225.54 HNL
Transfer timeOne dayMinutes
Transfer optionsBank deposit or cash pickupCash pickup only
Difference of+ 371.54 HNL

Maribel chooses the first service provider, even though her parents will receive less money. She chooses it because the fee is cheaper than the amount she would save if she chose the second company due to their better exchange rate (but more expensive fees). Secondly, the first company allows her to send the money directly to her parents bank account.

Today’s exchange rate CAD to HNL

How do I compare transfer companies when sending and receiving money via Honduras?

When sending money to Honduras, several factors require your attention. These include:

  • Exchange rate and fees. It is important that you pay attention to both of these factors together. This is because a highly competitive exchange rate might come with a high transfer fee. On the other hand, you may not get a good exchange rate through a service provider that does not charge high fees. This is demonstrated in the case study above. An easy way to compare these factors is to look at how much money your recipient stands to receive.
  • Ways to send money. If your bank allows electronic fund transfers to Honduras you may be able to initiate the process in person at a branch, online or over the phone. Various specialist money transfer companies let you send money to Honduras online. Some have stores and kiosks that you can visit to send money in person and some let you go through the process over the phone as well.
  • Ways to receive money. One option is that your recipient receives money directly into their bank account. Another option is to collect transferred funds from a cash pickup centre.
  • Transfer options. Working with a company that lets you make regular scheduled payments can work in your favour if you plan to send money regularly. This way, you won’t have to go through the entire process before each transfer. If you wish to benefit by fluctuations in the foreign exchange market, you can look for businesses that offer forward contracts and market orders.
  • Turnaround time. Cash pickup transfers can generally be picked up by your recipient within just minutes. The turnaround time for transfers to Honduran bank accounts can vary significantly depending on the service provider you choose. The transfer time can be from one to ten days or more.
  • Minimum limits. Some money transfer companies don’t let you send less than $500 or $1,000 Canadian dollars. Other companies will have small limits, around $5 or less.
  • Customer service. Good money transfer companies offer support over the phone, via online chat and via email. Some will even have branches where you can seek help in person. If you see no more than an email address as a means to contact a service provider, you may want to move to your next option. Always choose a reputable company to handle your money.

How do I send money to Honduras from Canada?

There are a couple of ways to send money to Honduras from Canada.

  • Banks. While using the services of a bank is possible to send money to Honduras, the process, in all likelihood, will involve a pricy transfer fee. Sending a bank-issued money order, cheque or draft via mail is also an option, however this is the slowest way to send money overseas.
  • Non-banks. Non-banking businesses, like Western Union and MoneyGram, let you send money to cash pickup locations in Honduras. Specialist companies like WorldRemit let you transfer funds to Honduran bank accounts, and also allow for cash pickups. If you and your recipient have PayPal accounts, you can use its online services to send money to Honduras from Canada. You don’t have to pay any fees to open a PayPal account and the process takes very little time.

How do I receive money from Honduras in Canada?

If you wish to receive money from Honduras in Canada, you can choose from these options:

  • Banks. Provide the sender with your Canadian bank account details and receive the funds directly into your bank account. Alternatively, you can have the sender mail you a bank-issued cheque, money order or draft. Also known as “snail mail”, this is the slowest way to send money overseas.
  • Non-banks. If you want to collect money from a cash pickup centre, you can ask the sender to use the services of a money transfer companies like Western Union or MoneyGram. Both have a significant presence across Canada. Using the services of PayPal is also an option, provided both you and your recipient have PayPal accounts. Once the money reaches your PayPal account, you can withdraw it into your bank account easily. Additionally, you can have the money sent to you via a specialist money transfer service like WorldRemit.

Emergency cash transfers in Honduras

Dealing with losing your wallet or having your cash stolen in Honduras can be daunting. Start by reporting your credit and debit cards as lost or stolen without wasting any time. Next, you can think about getting emergency money in these ways:

  • Cash pickup. This is an easy option if you’re lucky enough to have a friend or a family member send you some money using the services of a money transfer company. If this is possible, identify a convenient cash pickup centre first and let them know the address. MoneyGram and Western Union can both transfer the funds and have them available for pickup just minutes later.
  • Credit card cash advance. Existing American Express, Visa and MasterCard credit card holders can get emergency cash advances by visiting local participating financial institutions. The money you receive will be added to your credit card balance.
  • Travel insurance. The right kind of travel insurance can provide emergency money to deal with lost and misplaced luggage, flight cancellations and delays as well as unexpected medical expenses. Never travel without insurance.

Western Union / MoneyGram branches in Honduras

Western Union and MoneyGram have a number of cash pickup centres in Honduras. When visiting any of these centres to collect cash, make sure you take an acceptable form of ID such as your passport or driver’s license with you, as well as the transfer reference number. If you plan to collect a large sum of money, call ahead to confirm the availability of the funds. Here are some cash pick up centres in Honduras.

Western Union


  • Banco De Los Trabajadores
    Tercer Nivel Citymall Local 31
    Fte. Aeropuerto Toncontin
    Open 10am to 7pm, Monday to Saturday, 11am to 4pm, Sunday
  • Banco Popular
    Col Santa Fe Boulevard Del Norte
    Contiguo A Punto Farma Y Banco Ficohsa
    Open 9am to 4pm, Monday to Friday, 9am to 12pm, Saturday, closed on Sunday

San Pedro Sula

  • Banco De Los Trabajadores
    Interior City Mall
    Ave Circunvalacion
    San Pedro Sula
    Open 10am to 7pm, Monday to Friday, 10am to 6pm, Saturday, 11am to 4pm, Sunday
  • Banpais
    Supermercado La Antorcha Noroe
    Km 2 Blvd Hacia Armenta
    San Pedro Sula
    Open 10am to 7pm, Monday to Saturday, 9am to 3pm, Sunday



  • Banco Atlantida
    Blvd Morazan
    Open 9am to 4pm, Monday to Friday, 9am to 12pm, Saturday, closed on Sunday
  • HSBC
    Blvd Morazan
    Open 9am to 5pm, Monday to Friday, closed on Saturday and Sunday

San Pedro Sula

  • El Gallo Mas Gallo – Calpules
    Desvio A Hotel Villanuria.
    Autopista Salida Lima 27 Calle
    San Pedro Sula
    Open 7am to 9:30pm, Monday to Sunday
  • Banco Ficohsa
    Zip Bufalo Carretera Salida A Tegucigalpa
    San Pedro Sula
    Open 7:30am to 10pm, Monday to Sunday

Tips for picking up cash in Honduras

Honduras has high levels of crime so you should exercise extreme caution when visiting this country. Instances of foreigners becoming targets of violent crime are not uncommon, especially in and around San Pedro Sula, Tegucigalpa, Trujillo, Tela, the Copan ruins and on the ferry from La Ceiba to the Bay Islands.

Avoid discussing travel plans in public places because this can lead to someone following and targeting you. When travelling, stick to using reputable transport companies. Avoid travelling alone or at night.

What are the steps to send money to Honduras?

The steps involved depend on the method you choose.

  1. Transferring to a bank account. You’ll have to provide your recipient’s name, account number, their bank’s name and address and the bank’s SWIFT/BIC code. If you’re using a specialist transfer company, you’ll have to provide details of your bank account, debit card or credit card in order to pay. You should get a reference number when you initiate the transfer. Use this to track the transfer’s progress at any time. You can also use this reference number if you have any issues and need to contact customer service.
  2. Transferring to a cash pickup centre. In this case, you’ll have to provide your recipient’s name and a desired cash pickup location. To make the payment, you’ll have to provide your bank account, debit card or credit card details. Once you send money, you should get a reference number. Your recipient needs this number to collect the transferred money. They will also need a valid ID to pick up funds.

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