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Understanding cash pickup services to Honduras

While many countries are still enduring the aftermath of the worldwide recession, countries have often relied on their natural resources to make it through. Honduras, for example, doesn’t have a great deal of industry, but thanks to its rich supply of natural resources – particularly coffee and bananas – it’s been able to weather often trying financial difficulties.

Remittances, meanwhile, have also helped the nation improve economically, as many within the country rely on family who send money from overseas.

One of the quickest ways of doing this is by scheduling a cash pickup. With 628 pickup locations – including Banco Atlantida, Ficohsa, BAC Honduras, Banadesa and several others – the money is usually available within 15 minutes of being sent with Xoom.

Money can be sent using Xoom in small amounts or large ones, and for as little as $4.99, nearly $3,000 can be transferred, with fees only slightly higher if paying by credit card.

Hondurans can also take advantage of extended operation hours at many locations, as places like Elektra are open from 8 a.m. to 8 p.m. every day of the week – including Sunday – while Farmacia Siman stays open til 9 p.m. on the weekdays and closes at 6 p.m. on the weekend. Additionally, the pickup locations are distributed throughout Honduras, spanning as far north as La Ceiba, to the southern locale of Choluteca.

With cash pickup services, Honduran families can afford to live a bit more comfortably as they provide the emotional support to their loved ones who are working on their behalf in the U.S. and other countries around the world.

Read more from Money Transfer, Xoom Envios

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