Banking in Honduras has improved dramatically over the past few years with the introduction of competition from international banks.
The long standing Honduras banks, such as Banco Atlantida and Banco de Pais, are still conducting business, with many improved services.
Banks in Honduras
Click the banks logos for online options such as money transfers, balances, and credit card requests.
|( Bancos de Honduras )|
Banking in Honduras
If you are new to banking in Honduras, there are a few differences of which you will need to be aware. We suggest you take a few moments to read the articles from ‘blogs’ of foreigners living in Honduras, and their experiences transacting with Honduras banks. A few moments now could save you a lot of time and money at the bank later.
Information and Advice
All Honduras banks offer accounts in U.S. dollars and Honduran Lempiras. Although the exchange rate has been stable for more than a year, it’s best to maintain accounts in both currencies. Some companies, such as cell phone, cable, and others, bill in U.S. dollars and charge a different exchange rate if you pay in Lempiras.
If you have monthly income from the U.S., have it sent to a U.S.
account from which you can write checks and have online access.
Write a check from your U.S. account and deposit it to your Honduras bank account. You’ll need to plan ahead because the cash won’t be available for at least 3 weeks, but you’ll save a lot of money on bank transfer fees, or courier services. Mailing checks from the U.S. through regular mail is out of the question.
Before opening an account in any of the Honduras banks read, their brochure or internet site to find out what services are offered. Do not rely on what the clerk will tell you. Not all banks have online access or the ability to accept payments for utilities or government-related things, such as taxes or car registrations. It is not unusual to have to withdraw money from one bank and physically take it to another bank to make a payment, which can mean an hour or more in each bank. Checks will not be accepted. Don’t even think about sending a payment through the mail – this is Honduras.
Ensure that your joint accounts at the Honduras banks are properly set up or you will find that your husband or wife cannot replace a debit card or order checks without your permission. Don’t take the clerk’s word for it. Verify it with a supervisor. Set up online banking access for your Honduran account. Transfers between accounts (dollars to Lempiras, Lempiras to checking) can be made online, but be sure to print out a copy of any dollar conversions to take to the bank to get official divisas if you need them for your residency requirements. (And don’t believe the clerks when you are told that they don’t give divisas for online transactions, it is required by law.)
Utilities, cell phone bills, and car registrations can be paid online. Since bills are rarely sent and the mail is unreliable, online banking is the best way to keep up with these bills. Payments to third parties who have accounts at Honduras banks can be made online as well.
Get an ATM debit card. Five years ago only some of the gas stations and larger stores accepted debit cards. Now more and more stores and some smaller restaurants are accepting them. An ATM card is not only more convenient, it is much safer than carrying around wads of cash. Just be sure to ask if there is an extra charge; some stores add anywhere from 3% to 10% for the privilege of using a card. Online banking and an ATM card will greatly limit your need to actually go into any of the Honduras banks.
When you do have to go in person, try to plan your trip for Monday through Thursday, but not on the 15th or end of the month. Don’t go at lunch time because invariably the only person who can help you will be at lunch.
Keep your American credit cards and pay the monthly bills online with your U.S. account. Honduran credit card companies charge
monthly interest and service charges totaling approximately 60% annually. Yes, 60%, you read that right! Don’t expect to be able to pay by check anywhere. If you have been doing business with someone for awhile, you may be able to write a check, but most one-time or large purchases will require a cash payment or a direct bank deposit to the person’s account. If you do make a direct deposit to someone’s account, be sure to get a legible copy of the receipt. And finally, save your debit card receipts and check your accounts and balance them monthly with a calculator. In the Honduras accounting systems, debits do not have to equal credits.
If you are thinking of converting your U.S. Dollars or other currencies to Honduran Lempiras, visit and bookmark the Lempira currency converter .
SWIFT Codes for Honduras Banks
SWIFT code is a standard format of Bank Identifier Codes (BIC) and it is a unique identification code for a particular bank.
These BIC codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the BIC codes for exchanging other messages between them.
The SWIFT code consists of 8 or 11 characters. When an 8-digit code is given, it refers to the primary office.
- First 4 characters – bank code (only letters)
- Next 2 characters – ISO 3166-1 alpha-2 country code (only letters)
- Next 2 characters – location code (letters and digits) (passive participant will have “1″ in the second character)
- Last 3 characters – branch code, optional (Use an’X’ to replace the “*” in the bank codes below [for primary office]).
Live SWIFT codes are for partners who are “actively” connected to the SWIFT network. There are additional codes used for manual transactions. These additional codes are for the “passive” participants.
The registrations of SWIFT Codes are handled by the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”). Their headquarters is located in La Hulpe, Belgium.
Below are the SWIFT codes for all banks in Honduras. These SWIFT codes are for the active participants connected to the SWIFT network. The passive participant’s codes are excluded.
|Honduras Bank||Location||Swift Code|
|BANCO CENTRAL DE HONDURAS||TEGUCIGALPA||BCEHHNTE***|
|BANCO CENTROAMERICANO DE INTEGRACION ECONOMICA||TEGUCIGALPA||BCIEHNTE***|
|BANCO CONTINENTAL, S.A.||DANLI||CSPSHNTE0TD|
|BANCO CONTINENTAL, S.A.||LA CEIBA||CSPSHNTE0TC|
|BANCO CONTINENTAL, S.A.||SAN PEDRO SULA||CSPSHNTE***|
|BANCO CONTINENTAL, S.A.||TEGUCIGALPA||CSPSHNTE0TE|
|BANCO CUSCATLAN DE HONDURAS||TEGUCIGALPA||BACUHNTE***|
|BANCO DE AMERICA CENTRAL HONDURAS, S.A.(BAC BAMER)||TEGUCIGALPA||BMILHNTE***|
|BANCO DE OCCIDENTE S.A.||SAN PEDRO SULA||BOCCHNTESPS|
|BANCO DE OCCIDENTE S.A.||SANTA ROSA DE COPAN||BOCCHNTESRC|
|BANCO DE OCCIDENTE S.A.||SANTA ROSA DE COPAN||BOCCHNTE***|
|BANCO DE OCCIDENTE S.A.||TEGUCIGALPA||BOCCHNTETGU|
|BANCO DEL PAIS,S.A.||SAN PEDRO SULA||PISAHNTE***|
|BANCO FINANCIERA CENTROAMERICANA S.A. FICENSA||TEGUCIGALPA||CABFHNTE***|
|BANCO FINANCIERA COMERCIAL HONDURENA S.A. (BANCO FICOHSA)||TEGUCIGALPA||FCOHHNTE***|
|BANCO PROCREDIT HONDURAS S.A.||TEGUCIGALPA||PRCBHNTE***|
|HSBC HONDURAS, S.A.||TEGUCIGALPA||BGAHHNTE***|
Honduras Banks Background Information
Banco Atlántida is the leading company of the largest independent financial group in Honduras, serving individual consumers as well as small and large enterprises with a full range of banking and financial services. With the use of innovative technology and world-class standards, the bank provides over 400,000 customers with industry-leading products and services, and offers unparalleled convenience in Honduras, through the largest network of branches in the country.
Bancopopular was formerly named Bancovelo, and offers credit to urban and rural markets, and to customers that do not have regular access to banks, mostly small and mid-sized companies with small annual revenues.
The National Bank for Agricultural Development, BANADESA, began as the National Development Bank (known formerly as BANAFOM). It was created on February 16, 1950, and began operating in July of 1950. The main goal of BANADESA is to channel financial resources for the development of production and productivity in agriculture, livestock, and other activities related to such production.
BAC trades on the Central American stock exchange, provides personal banking, corporate banking and flexible lending for small and medium enterprises (SME’s). Personal banking includes checking accounts, savings accounts, and loans. BAC offers corporate clients checking accounts, loans, and international services. BAC is one of a series of subsidiaries located in Mexico, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama. BAC Honduras is a member of Bac Credomatic Network, a regional network with more than 50 years of experience in Central America, with over 700 branches in Remittances in the region and a wide range of modern services with a service attitude and a strong and respected management team. We are proud and satisfied with this leadership, and to offer higher profits and unrestricted support for economic and social development.
BAC Credomatic Network is a group with locations in Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica and Panama. Credomatic offers a wide range of banking, payment cards, and credit and debit cards. Credomatic also offers credit cards in Mexico. In the banking area, Credomatic offers savings accounts, checking accounts, term deposits, loans – both personal and business, securities brokerage, credit guarantees, mortgage loans, direct payments to suppliers, form services, money transfers, and ATMs, among other services. In the area of credit and debit cards, Credomatic issues brands such as Visa, Mastercard, and American Express.