How to Safely Send Money to Banco Ficohsa in Honduras in 4 Easy Steps

Last updated on February 21st, 2024 at 02:46 pm

Looking for a better way to send money home to Honduras? If you are one of the thousands of Hondurans working abroad, you aren’t alone.

Remitly is an app that gives you a better way to send money home.

We make it easier and more affordable to send cash to Honduras. We work with several banks across Honduras to make sending remittances simple and stress-free.

One popular choice is to send money as a bank deposit or cash pickup.

Send Money to Ficohsa in Honduras in 4 Easy Steps

Sending money with Remitly is easy—just remember to download the app first. Once you create an account, it only takes a few minutes to send your first transfer:

  1. Let us know how much you want to send.
  2. Choose your delivery method—“Bank Deposit,” “Debit Card Deposit,” or “Cash Pickup.”
  3. Enter your recipient’s name, address, and bank account number if you send money as a bank deposit. If you add their phone number, your recipient can also get SMS updates.
  4. Add your payment method.

After you click “send,” you can relax and track your transfer from the app—this way, you never have to wonder when your money will arrive.

Why Should I Use Remitly to Send Money to Ficohsa?

Millions of users around the world use Remitly to send money home to family and friends. Not only do we offer competitive exchange rates for the Honduran lempira, but we also offer simple pricing based on your preferred delivery speed. That way, you never have to guess how much your transfer will cost.

How Quickly Will my Money Arrive at Ficohsa?

If the money is needed ASAP, you can choose to have it arrive within minutes in most cases for a flat fee. We offer a lower rate if you can wait 3 to 5 days.

Regardless of your delivery option, you will always get all the benefits of Remitly. This includes a secure network, a 24/7 chat line in Spanish and English, and the ability to track your transfer.

How Much Money Can I Send to Ficohsa with Remitly?

We have a spending limit to start complying with international regulations and security measures. To increase your limit, you need to submit some extra paperwork. It takes little time, and increasing your limit is free.

You can send the following amounts after signing up:

Initial Sending Limits with Remitly
In 24 hours $2,999
In 30 days $10,000
In 180 days $18,000

As you continue to send money to Honduras, you can provide us with additional information to potentially raise these limits.

Is it Safe to Send Money to Ficohsa with Remitly?

Remitly is super safe and secure. With a full team of data security experts, we work hard to ensure we have the highest protection standards. This includes verifying all accounts and transfers and using bank-level encryption.

If you have an issue with your transfer, there’s no need to worry. You’ll get your money back.

Honduras Money Transfer FAQs

As you can see, Remitly is committed to simplifying transfers to your loved ones in Honduras by offering convenient ways for them to access cash and allowing you to initiate transactions with just a few taps. We protect your personal information and offer our services with low fees to help you save.

If you have lingering questions about transferring cash to Honduras, read on for answers.

How do I pay when I send a money transfer?

With Remitly, you have a few ways that you can fund transfers.

One option is to debit the funds from your bank account by providing us with your routing and account numbers. You can also pay via Visa and MasterCard credit cards and debit cards.

Depending on where you live, you may have access to other payment options, such as Google Pay, Apple Pay, and Maestro cards. Visit this page to review all the ways you can fund transfers.

How will my loved ones receive money from my transfer?

How your loved one will receive the cash you send is up to you. Your options include cash pickup, bank, or debit card deposits.

What other major banks in Honduras can I send a money transfer to?

We work with several banks in Honduras, including Banco Atlantida, Banco de Occidente, Banural, Elektra, and Banco Azteca. Check out the app for a complete listing.

Will I pay a fee for the money transfer?

Our new customers save big when they download the app, sign up for an account, and make their initial transfer, as we waive the first fees.

After that, the price is $1.99 plus 1.25% of the amount sent with our economy service. The cost for our express service is $3.99 plus 1.25% of the amount sent (rates are subject to change—consult the app for the latest fee information).

When will funds reach my loved one’s bank account when I transfer money?

When funded with your credit or debit card, express transactions usually arrive within minutes. Economy transactions typically take 3 to 5 business days.

What information do I need to send money to Honduras?

To send money to Honduras, you will need to provide:

  • Recipient’s full name as it appears on their photo ID
  • Recipient’s address as it appears on their photo ID
  • Recipient’s phone number

If you’re requesting a bank deposit or debit card deposit, you will also need to enter the recipient’s banking information or debit card number into the app.

How do I track the transaction?

For tracking, log into the app and tap your transaction history. Locate the transaction on the list for up-to-date information. Depending on your preferences, we’ll also send you updates about the transaction via email, text, or app notifications.

What if I need to cancel a transaction?

As long as your loved one hasn’t received the proceeds from the transaction yet, you can typically request a cancellation. To do so:

  1. Sign in to Remitly.
  2. Select the transaction you need to cancel.
  3. Scroll to the bottom and tap Cancel Transfer.
  4. Choose “Yes” to confirm the cancellation.
  5. Provide the reason for the cancellation.
  6. Select “Submit.”

Once the transaction has been canceled, we will refund you the amount sent and any fees you paid.

More About Banco Ficohsa

The groundwork for the modern Ficohsa Bank began in 1991 as a commercial enterprise. In 1992, the Ficohsa Casa de Cambio became the first exchange authorized in Honduras.

In 1994, the institution opened its doors to personal banking.

Ficohsa now offers many financial products, including personal savings accounts, debit and credit cards, and entrepreneurial banking. Founded and based in Tegucigalpa, Ficohsa Financial Group now operates throughout Central America, including Guatemala and Nicaragua.

Next Steps

Remittances are crucial to nearly 17% of households in Honduras. And 88% of that money is used for daily household expenses.

But sending money home to Honduras isn’t always easy. Many people working abroad find their hard-earned money disappearing into high exchange rates and fees. Also, it can be stressful if you aren’t sure when your money will arrive.