HNL

HNL is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of Honduras.

Besides this limitation, this currency is considered to be complex (multiple information to be provided and complex processing).

Besides the standard information, the full name (written out in full, without initials, abbreviations or acronyms) is mandatory.

A Tax ID number is mandatory and should be provided in the remittance information. It consists of the Tarjeta de Identidad (13 digits) for individuals and the Registro Tributario Nacional (RTN + 14 digits) for corporates.

The type of account is also mandatory and should be mentioned in the remittance information. It can be either "cuenta corriente" (checking account) or "cuenta de ahorro" (saving account).

A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

In addition, a series of limitation applies:

• Individual to individual payments are not supported

• Payments from corporations to individuals must be pre-cleared before processing. Please contact your account manager for further informations.

• Capital injection payments are not supported

To consult the Technical Guidelines of this currency, click here