Australia maintains largely positive relations with Central American nations, comprising of modest trade and political links. These regions cooperate on different multilateral issues, while continuing to build a relationship surrounding trade liberalisation. Australia is an extra-regional observer to the Central American Integration System (SICA), of which Honduras is a member. The Forum for East Asia - Latin America Cooperation (FEALAC) has 23 members, which include Australia and Honduras.
Send money to Honduras with WorldRemit
WorldRemit International Money Transfers
Send money online within minutes
Large range of destinations
Able to send to cash pickup locations
Send money to Honduras with WorldRemit
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply. An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
In 2014-2015, total trade of merchandise between these two countries stood at over $68 million. Trade in services during the same period accounted for an additional $3 million.
Compare Money Transfer Services
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Australia provided $100 million in development assistance to Latin America, which included 250 Australia Awards Scholarships. Of the 111 scholarships that went Central America’s way, Hondurans claimed 17.
Instances of people wanting to send money to Honduras from Australia are not uncommon. Go through this guide to find out which method suits you best.
Banks versus money transfer companies
Wok got Maribel Vasquez to Australia. However, her parents and younger brother remain in Honduras. Since her brother is of school going age and her parents depend on her financially, she’ll have to send them money on a regular basis. Give the affordability factor, 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 = HNL15.8651
$1 = HNL15.95783
Transfer fee
$60
$3.99
Amount received for $1,000
HNL14,913.22
HNL15,894.00
Transfer time
Instantly
1 day
Transfer options
Cash pickup
Bank account
Difference of
HNL980.78
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 transferring and receiving money via 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 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. Transfers that involve sending money to cash pickup centres 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 10 days or more.
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 to your next option.
How do I send money to Honduras from Australia?
You get to choose from a number of options when sending money to Honduras from Australia.
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, cheque 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. If you and the recipient have PayPal accounts, you can use its services to send money to Honduras from Australia. You don’t have to pay any fees to open a PayPal account and the process takes little time.
How do I receive money from Honduras in Australia?
If you wish to receive money from Honduras in Australia, you can choose from these options.
Banks. Provide the sender your Australian bank account details and receive the funds directly in your account. This can happen through a local Honduran bank or a money transfer company. Alternatively, you can get the sender to mail you a bank-issued cheque, money order or draft.
Non-banks. If you want to collect money from a cash pickup centre you can ask the sender to use the services of money transfer companies such as Western Union and MoneyGram. Both have a significant presence across Australia. Using the services of PayPal is also an option, provided you and the recipient have PayPal accounts. Once the money reaches your PayPal account, you can withdraw it in your bank account easily.
Dealing with losing your wallet when 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 get a friend or a family member to send you some money using the services of a money transfer company. If this is possible, identity a convenient cash pickup centre first.
Credit card cash advance. Existing American Express, Visa and Mastercard credit card holders can get emergency cash advances by visiting local participating financial institutions.
Travel insurance. The right kind of travel insurance can provide emergency money to deal with lost and misplaced luggage, flight cancellations as delays as well as unexpected medical expenses.
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. If you plan to collect a large sum, call ahead of time to confirm availability of funds. Here are some cash pick up centres in Honduras.
Western Union
Tegucigalpa
Banco De Los Trabajadores Tercer Nivel Citymall Local 31 Fte. Aeropuerto Toncontin Tegucigalpa +504-22380017 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 Tegucigalpa +504-22234239 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 +504-25578441 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 +504-25092020 Open 10am to 7pm, Monday to Saturday, 9am to 3pm, Sunday
MoneyGram
Tegucigalpa
Banco Atlantida Blvd Morazan Tegucigalpa +504-2321050 Open 9am to 4pm, Monday to Friday, 9am to 12pm, Saturday, closed on Sunday
HSBC Blvd Morazan Tegucigalpa +504-2323817 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 +504-25888032 Open 7am to 9:30pm, Monday to Sunday
Banco Ficohsa Zip Bufalo Carretera Salida A Tegucigalpa N.E. San Pedro Sula +504-25749293 Open 7:30am to 10pm, Monday to Sunday
Honduras has high levels of crime so you should exercise extreme caution when in 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. In case you’re the victim of an attack, not resisting is in your best interest, because attackers can injure or even kill you.
When travelling, stick to using reputable transport companies. Avoid travelling alone or at night.
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 initiate the transfer. Use this to track the transfer’s progress at any time.
To a cash pickup centre. 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.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
TorFX guarantees to match any competitor's exchange rate. Conditions apply. Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Better exchange rates for Finder customers. Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Feedback
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
