Im an american. Can i save money if i open an honduran bank account with my dollars?

I was wondering if i got a honduran bank account and i put some money in a honduran bank account would i be able to save money if i get money out of the honduran bank account rather than getting money out of an atm. Also note that i am planning on being in honduras for months.


Would i be better off putting some money in a honduran bank account? My bank also said they get 2 percent of the exchange rate what does that mean?|||Yes Antonio, you can save money by opening an account here. As I have already mentioned in response to your other questions, you can open a Lempira account quite easily which will pay you a little interest and you will not have to pay ATM fees. As far as the two percent of the exchange rate, remember banks are in business to make money. If I put dollars in my Honduran Lemp account I get the standard exchange rate of 18.895 per dollar. If I need to buy dollars from that same Lemp account I get a lesser exchange rate plus pay a fee for the exchange. Still better than exchanging money with business's or with the street money exchangers.