Send Money To Nepal

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Nepal Flag
Nepal
NPR
1 USD equals
117.644 NPR
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to Nepal

      How To Step Icon
      Step 1
      Research before registering
      Research before registering
      Review and compare the best alternatives as many companies send money to Nepal.
      Once you make a selection, register as an individual or a business.
      Sign up typically includes details from a valid form of identity.
      How To Step Icon
      Step 2
      Examine exchange rates before finalizing the transfer
      Examine exchange rates before finalizing the transfer
      Look for any recent fluctuations in NPR exchange rates against your home currency.
      Inform the amount you wish to transfer to get a rate quote from your service provider. 
      Finalize the transfer by accepting the quote.
      Your service provider will also ask for the recipient's local bank account details.
      How To Step Icon
      Step 3
      Make payment, wait for transfer to process
      Make payment, wait for transfer to process
      Depending on the service provider you select, you may get to make your payment using different methods.
      The process of transferring money to Nepal begins after your payment reaches your service provider.
      You are typically notified about the estimated processing time in advance. Tracking your transfer is usually easy, either through online updates or via notifications.

      Currency Symbol and Swift Codes

      The Nepali rupee (NPR) has been the official currency of Nepal since 1932. One rupee is divided into 100 paisa. The Nepali rupee was pegged to the Indian rupee at the rate of NPR 1.45 = INR 1 until 1994. Since then, it has been pegged at NRP 1.60 = INR 1.

      If you want to transfer money to a Nepali bank account, make sure you have the receiving bank’s SWIFT close at hand. Given below are SWIFT codes on some of the leading banks in Nepal.

      BANKBRANCHSWIFT CODE
      Standard Chartered Bank NepalKathmanduSCBLNPKAXXX
      Nepal SBI BankKathmanduNSBINPKAXXX
      Everest BankKathmanduEVBLNPKAXXX
      Nepal Investment BankKathmanduNIBLNPKTXXX

       

      Case Study

      Steve had been in Nepal for more than a year and things had been moving fine until he met with a road accident. His treatment required more money than he could afford, so he decided to get some help from his brother who lived in the United States. Steve’s brother ran a quick comparison of a leading American bank and a top money transfer company before carrying out the transfer, and this is what he found.

       BANKMONEY TRANSFER SERVICE
      Exchange rate$1 = NPR 103.1644$1 = NPR 107.1313
      Transfer fee$25$0
      Amount received for $2,500NPR 255,331.89NPR 267,828.25
      Transfer time2 to 6 days1 to 2 days
      Transfer optionsBank accountBank account
      Difference of NPR 12,496.36

      Steve’s brother used the money transfer company because it resulted in Steve getting a little extra money, and it also got to him sooner than it might have through the bank.

       

      Cash Pickup Locations in Nepal

      Leading overseas money transfer companies such as Western Union, WorldRemit, MoneyGram, Ria, and Azimo have extensive agent locations in Nepal. You may use the services of such companies if you want to carry out your money transfer to Nepal quickly.

      WESTERN UNION IN NEPAL 
      Muktinath Bikas Bank, Branch Office Ka Ma Pa Na 13, Kathmandu Plaza, KathmanduShubham International Enterprises, Balkhu 17, Kathmandu
      Om Development Bank, Pokhara Mentropolitan City 19, Lamachour Chowk, PokharaOm Development Bank, Nagdanda Vdc 2, Nagdanda, Pokhara
      MONEYGRAM IN NEPAL 
      Citizens Bank International, Kapan Area, KathmanduSakar Investment Company, House No-35 SA Pepsicola Road, Kathmandu
      Shangri-la Development Bank, Birauta Chowk-17, PokharaMuktinath Bikas Bank, Salyan VDC-9 Nayapul, Pokhara

       

      Safety Tips for Picking Up Cash in Nepal

      Levels of violent crimes in Nepal are low. However, instances of petty crimes such as bag snatching and pickpocketing tend to take place around areas frequented by tourists, at airports, and in buses. The risk of robberies and assaults increases after dark, especially in poorly lit areas. Remain vary of walking around at night, particularly if you are alone.

      Try not to carry large amounts of cash, and keep your valuables in a hotel safe when possible. Do not leave your drink unattended and do not accept drinks from strangers.

       

      What Information Do I Need to Transfer Money to Nepal?

      The method you choose to send money to Nepal has a bearing in the information you need.

      • Transfer to a bank account. The information you need to keep handy includes the recipient’s name and bank account number as well as the receiving bank’s name and SWIFT code.
      • Transfer to a cash pickup center. Along with the recipient’s complete name, you will also need the location of a suitable cash pickup center. To collect the transferred money, the recipient will need to present an acceptable form if ID and a reference number.

       

      Regulations When Transferring Money To and From Nepal

      The Nepal Rastra Bank, through the Nepal Rastra Bank Act, 2058 (2002), regulates the overseas money transfer industry in Nepal. It is also responsible for maintaining the stability of and developing the country’s banking and financial system.

      Banks and financial institutions are required to submit specific particulars of transactions if payments or remittances made by an individual exceed NPR 1 million per day, or if an individual exchanges more than NPR 500,000 in one day.

      Convert USD to NPR

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      NPR
      Sending money online through specialist money transfer companies.

      Expect to receive between NPRs11646.75 and NPRs11717.33 when sending money from USD to NPR at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately NPRs11176.17, not including additional banking fees. That is an average saving of NPRs505.87.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

      Money Transfer Guides

      How to Send Money from PayPal to TransferWise
      September 7, 2020

      Below, you will find a guide on how to send money from PayPal to the TransferWise Borderless Account. You will …

      Save Money Transferring Funds In or Out of International Escrow
      September 7, 2020
      Problem Definition

      You are selling something through an international Escrow service and the option to send to your country is through …

      What Is the Difference Between IBAN and SWIFT?
      September 7, 2020

      Banks and other financial institutions make use of different kinds of identification numbers for a variety of reasons. Your bank …

      A Guide to Buying Property Overseas
      September 7, 2020

      According to data released by the United Nations in the International Migration Report 2017, there are around 258 million people …

      A Guide to Handling International Payroll
      September 7, 2020

      Managing international payroll can be time consuming and challenging, and if often comes at a cost. Making cross-border payroll payments …

      A Guide to Minimizing Foreign Exchange Risk
      September 7, 2020

      A significant number of individuals and businesses now make international money transfers for an assortment of reasons. For instance, while …