Are you looking for ways to send money to Honduras from America? This guide will show you how.
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Compare money transfer services to Honduras
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With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:
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Work got Maribel Vasquez to the U.S. However, her parents and younger brother remain in Honduras. Since her brother is school age and her parents depend on her financially, she’ll have to send them money on a regular basis. She figures she can comfortably send around $1,000 every month.
Upon checking with her bank she finds out 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 1 | Money transfer service 2 | |
|---|---|---|
| Exchange rate | $1 = HNL 15.8651 | $1 = HNL 15.95783 |
| Transfer fee | $60 | $3.99 |
| Amount received for $1,000 | HNL 14,913.22 | HNL 15,894.00 |
| Transfer time | Instantly | 1 day |
| Transfer options | Cash pickup | Bank account |
| Difference of | HNL 980.78 |
Maribel chooses the second service provider for two reasons. While it lets her transfer money directly into her father’s Honduran bank account, he also stands to receive more money. Going forward, she decides to compare her options before each transfer.
How do I compare transfer companies when sending money to Honduras?
When sending money to Honduras, several aspects require your attention.
- Exchange rate and fees. It is important that you pay attention to both these aspects together. This is because a highly competitive exchange rate might come with a steep transfer fee. On the other hand, you may not get a good exchange rate through a service provider that does not charge any fees. An easy way to compare your options on this front is to look at how much money the 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, online or over the phone. Various 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 the recipient receives money directly into a Honduran bank account. Another is to collect transferred funds from a cash pickup location.
- Transfer options. Working with a company that lets you schedule recurring payments can work in your favor 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 limit orders.
- Turnaround time. Transfers that involve sending money to cash pickup locations tend to go through almost instantly. Turnaround time for transfers to Honduran bank accounts can vary significantly depending on the service provider you choose, from one to several days.
- Minimum limits. Some money transfer companies don’t let you send less than $500 or $1,000.
- Customer service. Good money transfer companies offer support over the phone, via chat and via email. If you see no more than an email address as a means to contact a service provider, you may want to move on to your next option.
How do I send money to Honduras from the U.S.?
You get to choose from a number of options when sending money to Honduras from the U.S.
- Banks. While using the services of a bank is possible to send money to Honduras, the process, in all likelihood, would involve a transfer fee. Sending a bank-issued money order, check or draft via mail is also an option.
- Non-banks. Non-banking businesses such as Western Union and MoneyGram let you send money to cash pickup locations in Honduras. Ones such as WorldRemit let you transfer funds to Honduran bank accounts. World First and OFX are both trusted partners of Finder.com and are offering Finder readers an exclusive deal of $0 in fees.
- PayPal. If you and the recipient have PayPal accounts, you can use its services to send money to Honduras from the U.S. You don’t have to pay any fees to open a PayPal account and the process takes little time.
Find a money transfer location near you
What are the steps to send money to Honduras?
The steps involved depend on the method you choose.
- Transferring to a bank account.
You’ll have to provide the recipient’s name, account number, bank’s name and bank’s SWIFT code. If you’re using a service provider other than your own bank, you’ll have to provide details of your bank account, debit card or credit card. You should get a reference number when you make the transfer. Use this to track the transfer’s progress at any time. - To a cash pickup location.
In this case you’ll have to provide the 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. The recipient needs this number to collect the transferred money.
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Cash pickup locations in Honduras
Tegucigalpa
Worldremit
BANCO ATLANTIDA S.A.
Address: Boulevard Centroamerica, Tegucigalpa, Honduras
Hours: 9:00 AM – 4:30 PM
Phone: +504-2280-0000
FICOHSA
Address: Tegucigalpa, Honduras
Hours: 10:00 AM – 7:00 PM
Phone: +504-2280-1000
BANCO ATLANTIDA
Address: Boulevard Morazan, Tegucigalpa, Honduras
Hours: 9:00 AM – 4:00 PM
Phone: +504-2280-1010
Moneygram
ELEKTRA – #880
Address: Zona Beln Boulevard Salida A Olancho Col. Santa F. Tegucigalpa MDC. Tegucigalpa
Hours: 6:00 AM – 10:00 PM
Phone: +504-2230344
BANCO FICOHSA – #179 – AG. SAN MIGUEL
Address: Entre 6 y 7a Calle Comayaguela; Contiguo al Puente Carias
Contiguo al Puente Carias Tegucigalpa
Hours: 7:30 AM – 10:00 PM
Phone: +504-22396410
BANCO DE OCCIDENTE – #442 – AGENCIA METR
Address: Comayaguela M. D. C. BLVR Fuerzas Armadas Centro Comercial Metromall Comayaguela, FM1100
Hours: 8:00 AM – 7:30 PM
Phone: +504-22904100
Western Union
LAFISE
Address: Rapicentro Sanaa, Santa Monica Boulevard Centroamerica Tegucigalpa, Francisco Morazan
Hours: 8:00 AM – 5:00 PM
Phone: +504-22374000
LAFISE
Address: Centro Comercial Plaza Miraflores Segundo Nivel Tegucigalpa, Francisco Morazan 3325
Hours: 10:00 AM – 6:00 PM
Phone: +504-22321944
CIRCLE K
Address: Col Miraflores Centro Com Santa Monica Contiguo Gasolinera Uno Tegucigalpa, Francisco Morazan
Hours: Open 24 Hours
Phone: +504-22900500
San Pedro Sula
Worldremit
BANCO ATLANTIDA
Address: Autopista a Puerto, San Pedro Sula 21101, Honduras
Hours: 9:00 AM – 4:30 PM
Phone: +504-9779-9163
BANCO FICOHSA
Address: 16 Ave. S.O., Barrio Suyapa, 5-6 Avenida Circunvalacion, San Pedro Sula 21104, Honduras
Hours: 9:00 AM – 4:00 PM
Phone: +504-2557-4499
BANCO FICOHSA
Address: Contiguo a Pizza Hut,, CA-13, San Pedro Sula, Honduras
Hours: 10:00 AM – 7:00 PM
Phone: +504-2552-5350
Moneygram
BANCO ATLANTIDA
Address: Direc General De Transito Col Satelite SPS San Pedro Sula
Hours: 8:00AM – 5:00 PM
Phone: +504-5800000
BANCO ATLANTIDA
Address: FTE Parque Paz Barahona San Pedro Sula
Hours: 8:00 AM – 8:30 PM
Phone: +504-5530107
BANCO FICOHSA – #161
Address: AVE. 3era San Pedro Sula Edificio Aguas De San Pedro Barrio Las Palmas 13 San Pedro Sula
Hours: 7:30 AM – 10:00 PM
Phone: +504-2396410
Western Union
ODEF FINANCIERA S A
Address: Bo San Fernando Centro Comercia? Mall Megaplaza San Pedro Sula, Cortes
Hours: 10:00 AM – 7:00 PM
Phone: +504-25502115
ODEF FINANCIERA S A
Address: Colonia Alameda 4 Calle 13 Y 14 Avenida Edificio 1314 San Pedro Sula, Cortes
Hours: 8:00 AM – 4:30 PM
Phone: +504-25640700
TIENDA LADY LEE
Address: Centro Comercial Megaplaza San Pedro Sula, Cortes
Hours: 9:00 AM – 8:00 PM
Phone: +504-25451919
Choloma
Worldremit
BANCO ATLANTIDA
Address: Choloma, Honduras
Hours: 8:00 AM – 4:00 PM
Phone: +504-6693911
BANCO FICOHSA CENTRO CHOLOMA
Address: Choloma, Honduras
Hours: 9:00 AM – 4:00 PM
Phone: +504-25801000
Moneygram
ELEKTRA – #777 – CHOLOMA
Address: Linea Ferrea 3RA. AVE. 1RA. Y 2DA. Calle Choloma Cortes. Choloma
Hours: 6:00 AM – 10:00 PM
Phone: +504-6692083
HSBC
Address: Parque Industrial Inhdelva Choloma
Hours: 8:30 AM – 5:30 PM
Phone: +504-6691440
BANCO AZTECA – #6414 – CHOLOMA – CECOPO
Address: Choloma Col Los Profesionales Choloma
Hours: 6:00 AM – 10:00 PM
Phone: +504-96550059
Western Union
4A14 CHOROTEGA VENTANILLA DICKIES
Address: Parque Industrial Zip San Miguel Vi Rio Choloma, Cortez
Hours: 8:00 AM – 4:00 PM
Phone: +504-94533501
ODEF FINANCIERA S A
Address: Barrio La Curva, Calle Principal 1 Cuadra Al Sur De Superm La Gran Villa Choloma, Cortes
Hours: 8:00 AM – 4:30 PM
Phone: +504-26690336
2B02 COOMPOL CHOLOMA
Address: Mall Las Americas Local Lc20 Carretera De San Pedro Sula Ha Choloma, Cortes
Hours: 10:00 AM – 6:00 PM
Phone: +504-26040806
