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Guide to Banks in Honduras
Use Honduran banks for trading and investingHonduran banks are located in most areas of the country and require citizens from abroad to present a passport to open a bank account. Banks accept funds in US dollars or the local currency, Honduran lempiras. Although there are a limited number of international banks in Honduras, many private banks are prepared to handle investment and foreign trade issues for your business banking.
As you look into opening a bank account in Honduras, remember to do the following:
1. Assess investment opportunities provided by banks in Honduras.
2. Take advantage of favorable investment terms offered by the CAFTA.
3. Review services offered by international banks for foreigners.
Action Steps
The best contacts and resources to help you get it done
Coordinate investment opportunities with services from Honduran banks
Educate yourself on the economy of Honduras, foreign exchange rates, currency and regulations for foreigners banking and running a business in the country.
I recommend:
FDI.net offers investment guides and market research to aid in investing and choosing Honduran banks. BuyUSA.gov provides guidance from industry specialist to assist business firms entering the Honduran market. Understand the exchange rate based on your country of origin using the currency converter from Inter-American Development Bank.
Register for services through CAFTA to access banks in Honduras
US businesses interested in importing, exporting and trade in Honduras benefit from the attractive investment terms of the CAFTA. Choose investments before opening a banking account in Honduras.
I recommend:
Invest in Honduras offers services to investors and lists the top reasons to invest in the region. Sign up with the Honduran National Business Council offers access to banks and other investment resources in Honduras.
Review options offered by foreign banks in Honduras
There are only a few foreign banks in the country. However, they represent larger reputable financial institutions capable of offering services in and out of the country.
I recommend:
US based Citibank operates in Honduras through subsidiary Banco de Honduras, and has served business clients in the area since 1965. HSBC Honduras has a branch in the capital, Tegucigalpa.
Tips & Tactics
Helpful advice for making the most of this Guide- Florida is geographically close to Honduras. Banks in Miami and throughout Florida are experienced in dealing with trade and investing in the country.
