Sending money to Nepal, whether to support loved ones or manage personal finances, should be easy, secure, and cost-effective. With a trusted provider like Remitly, you can convert currencies like USD, GBP, and EUR into Nepalese Rupees (NPR) and ensure the funds reach their destination safely.
This guide walks you through an easy, step-by-step process to send money to Nepal while answering common questions about costs, security, and delivery options.
Why Choose Remitly to Send Money to Nepal?
When it comes to transferring money internationally, Remitly stands out for its reliability, competitive exchange rates, and low fees. Our secure platform ensures your money stays safe while your recipients get the most value. With fast delivery options and a transparent fee structure, you’ll avoid hidden charges and find peace of mind knowing exactly how much you’re sending and what your family will receive.
Key Reasons to Use Remitly
- Transparent Fees: With simple pricing, you’ll know upfront what you’re paying for your transfer.
- Competitive Exchange Rates: Make your hard-earned money go further with excellent rates for USD to NPR (and other currencies).
- Secure Transfers: Our bank-level encryption keeps your transactions safe while delivering funds quickly.
How to Send Money to Nepal in 5 Steps
Here’s how to send money to Nepal with Remitly in just five easy steps:
1. Download the Remitly App and Set Up Your Account
Before transferring money, download the Remitly app on your smartphone or visit the website. If you’re a new user, create an account by entering basic personal details and setting a secure password.
Tip: To expedite the setup, have your ID handy for account verification.
2. Choose Nepal as the Destination
Once set up, select Nepal as your recipient’s country. Based on your preference, you can also choose which currency the recipient will receive their funds in (e.g., NPR).
3. Select a Delivery Method
Remitly offers various delivery options depending on your recipient’s preferences:
- Bank Deposit: Send funds directly to your recipient’s bank account at one of Remitly’s trusted partner banks.
- Cash Pickup: Choose cash pickup, available at thousands of partnered locations, including grocery stores, remittance agents, and bank counters.
- Digital Wallet: Transfer funds straight to mobile money apps for cashless expenses.
4. Enter Recipient Information
Input the recipient’s details, which may include their full name, phone number, and bank account details. Accuracy is key to avoid delays.
5. Confirm Payment and Send
Review the transfer details, select your payment method (e.g., debit card, credit card, or bank account), and click “Send.” After submitting the transaction, you’ll receive a tracking number to monitor the transfer status in real time.
Trustworthy Banks and Providers in Nepal
You can send money with Remitly to several major financial institutions in Nepal. Some common options include:
- Bank of Kathmandu
- Nabil Bank
- NIC Asia Bank
- Nepal Investment Bank
- Siddhartha Bank
For a comprehensive list of partner banks and locations, visit the Remitly app or website.
FAQs about Sending Money to Nepal
What are the transfer limits?
Remitly imposes sending limits for account security and regulatory compliance. If you need to send large amounts, you may be required to verify additional personal details.
How do I ensure my details are secure?
Your safety is a priority. Remitly employs multiple layers of security, including encryption and two-factor authentication. Data protection measures ensure your personal and financial information stays secure 24/7.
How long does a transfer to Nepal take?
- Express Transfers: Arrive in minutes when funded with a debit or credit card.
- Economy Transfers: Take 3–5 business days, as they’re typically funded by a bank account.
Can I track my transfer?
Yes! You and your recipient can track the transfer in real time through the app, helping you stay informed at every step.
Is cash pickup a good option in Nepal?
Cash pickups are ideal if your recipient does not have a bank account. Popular locations for cash pickups include small markets and banks, ensuring easy access in both urban and rural areas.
Understanding Nepal’s Economy and Remittance Needs
Did you know that remittances account for over 24% of Nepal’s GDP? With more than 3.5 million Nepalese working overseas, these funds play a crucial role in supporting families and boosting the national economy. Remittances help cover household expenses, education fees, and healthcare costs.
Most Nepalese recipients live in rural villages, while others are in small cities like Kathmandu, Biratnagar, or Nepalganj. Sending money via apps like Remitly ensures these funds reach their destinations safely and quickly, fostering economic stability and resilience.