Almost all Nepalese go abroad to earn a living, save money, and send some money home. Those international airports are a dream for every traveler. When sending money to Nepal, we sometimes get confused about the best method or how to go about it. You will find ” How to send money online to Nepal?”
During international money transfers, there are several factors to consider, including the following:
- Exchange Rates
- Transfer Fees,
- Security, and
- Speed of Transfer
Sending money to Nepal can be done in theses ways.
5 Ways to Send Money Online to Nepal
Young Nepalese living abroad, particularly in the United States, use World Remit as their preferred method of sending money. This is a money transfer service provider that promoted digital remittances.
The World Remit service provides competitive exchange rates, has no hidden fees, and charges a low transaction fee. One of the best features is that you can see the charges right away!
Additionally, the receiver receives the money instantly in cash from the agent location or receives a deposit straight into their bank account within 24 hours.
Additionally, you should know that you can deposit up to USD 5,000 per bank transfer.
With the cash pick-up option, you can send up to NPR 300,000 at a time. Every day, you may transfer upwards of NPR 1,000,000.
The name Western Union is familiar to most people. In remittances across borders it has earned a reputation as a global leader.
Cash can be collected instantly at any agent location in Nepal for up to USD 5,000 per transfer! Using a debit or credit card enables the recipient to receive money instantly.
The beneficiary in Nepal receives your online bank transfer in about 4 days if you send money from your online bank account.
More than 30 years ago, Moneygram began serving immigrants. Moneygram is the second-largest money transfer provider in the world. There are approximately 3,47,000 agent offices in 3,477 countries as part of their global network.
Sending money to Nepal can cost as much as USD 6,000 through Moneygram.
Money can be sent to Nepal through Xoom, a PayPal affiliate. Nepal Investment Bank, Himalayan Bank, Prabhu Bank, and Laxmi Bank are a few of the banks that have collaborated with the company in the past.
You can send USD 9,000 per transfer with Xoom to Nepalese in the USA! Transfers are simple as well. Bank accounts, debit cards, and credit cards are all accepted for instant money transfers to Nepal.
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The following company specializes in sending money to Asian countries. With InstantReM, you can send money overseas fast, safely, and cheaply.
With instaReM, you can instantly send small sums of money with no commission and a zero-margin FX rate.
A nominal fee of between 0.25% and 1% is charged.
Each time you transfer money, you’ll also earn loyalty points that can be redeemed for rewards.
Nepalese remittances can be heartbreaking if they are unreliable. Here is a list of potential options that we hope will assist you in making your choice.