5 Steps to Safely Send Money to Nepal

With 3.5 million Nepalese living abroad, remittances to Nepal have only increased over recent years, totaling over 24% of the country’s GDP or just over $8 billion US Dollars (USD) in 2020. This money comes from people like you: people who left Nepal, work hard, and want to return some of that money to loved ones living in Nepal.

As of 2020, the average transfer fee for an international remittance was 7%, which amounts to tens of billions of dollars on an annual basis.

If you’re looking for a secure and straightforward way to send money to Nepal, consider Remitly. It is reliable, easy to use, safe, and offers low fees.

Remitly helps you convert your GBP, USD, and EUR into Nepalese Rupees (NPR) and send them to Nepal. With the transparent pricing structure and bank-level security, you can rest easy knowing your money is in good hands.

In this article, we will cover how to send money to Nepal with Remitly and common FAQs.

Send Money to Nepal

Why Should I Use Remitly To Send Money to Nepal?

Remitly helps you send more of your hard-earned money to Nepal by offering low fees and competitive exchange rates. Quick delivery and high levels of security bring you peace of mind.

The pricing structure for sending money to Nepal is simple with no hidden fees.

Send Money to Nepal in 5 Easy Steps

Sending money to your loved ones with Remitly is simple. The first step, if you haven’t done so already, download the app.

  1. Select Nepal as your destination country.
  2. Enter the amount you wish to send.
  3. Select your preferred delivery methods, such as bank deposit, cash pickup, or mobile money (also called a mobile wallet).
  4. Enter all the necessary recipient details, including the recipient’s name, bank account number, and phone number. The required information will vary depending on your selected delivery method.
  5. Add your payment methods such as your credit card or debit card.

Remitly may ask for additional documentation depending on the amount you send or if we’re unable to verify your identity.

With Remitly, Which Banks/Providers Can I Send Money To?

As of this writing, these are some of the financial institutions in Nepal where you can send money with Remitly. For the full list, check the app or the website.

  • Bank of Kathmandu
  • NIC Asia Bank
  • Nabil Bank
  • Nepal Investment Bank
  • Siddhartha Bank
  • Nepal Remit
  • GME Remittance
  • NCC Bank
  • NMB Bank

Send Money to Nepal

How Much Money Can I Send to Nepal With Remitly?

To ensure top-quality customer service while adhering to strict security standards and international regulations, Remitly has implemented sending limits, and these limits apply when you first open your Remitly account.

For customers who send money to Nepal from the United States, as of writing, the initial sending limits with Remitly are:

  • $2,999 in 24 hours
  • $10,000 in 30 days
  • $18,000 in 180 days

If you need to transfer amounts beyond this, Remitly will ask you for more information. For more information about raising your transfer limits, check out details here.

Additional sending limits may apply depending upon your choice of payout partner or receiving location.

How Much Does It Cost To Send Money to Nepal With Remitly?

Please check the Remitly app or website to see the latest transfer fees and currency exchange rates.

As of this writing, transfer fees to Nepal if the recipient receives money in NPR are:

  • If you’re a U.S. customer, Express transfers are USD $3.99 and Economy transfers are USD $1.99.
  • For customers in Canada, Express transfers are CAD $3.99 and Economy transfers are CAD $2.99.
  • For those in Australia, Express transfers are AUD $2.99 AUD and Economy transfers are AUD $1.99.
  • If you’re living in the United Kingdom, transfers are GBP £0.99.

Wonder how much 1 USD can exchange for the Nepalese Rupee (NPR)? Check out Remitly’s website for the most current exchange rates.

Is It Safe To Send Money to Nepal With Remitly?

Millions of people around the globe trust Remitly because of the secure and smooth money transfer service experience we provide. You can learn more about how Remitly goes above and beyond to keep your information and money safe.

Remitly uses multiple levels of security so you can send money home with peace of mind. Your data is protected 24 hours a day through fraud monitoring and encryption. For more information about our security, please visit here.

You and your recipients can track the transfers in real-time and receive notifications, so you won’t have to worry about where the money is. If you have questions throughout the process, we offer help 24/7.

You can have peace of mind that the money you’ve worked hard to earn will safely get to its destination.

More About Nepal

Nepal, a landlocked country located between India and China, has a rich history and culture set amongst one of the most dramatic landscapes in the world. Nepal is home to 29.14 million people, with a majority of people living in the capital city of Kathmandu.

There are smaller urban centers, Biratnagar, Nepalganj, and Birganj located along the border with India. The majority of the population lives in villages or small market towns. Tourism represents a small, but expanding industry in Nepal and is mainly confined to the Kathmandu Valley and around Mount Everest.

The official language of Nepal is Nepali and is spoken by about 45 percent of the population, followed by Maithili (11.7%), Bhojpuri (5.9%), Tamang (5.8%), Tharu (5.1%), Newari (3.2%), Bajjika (2.9%), Magar (2.9%) and then all other languages, which comprise around 17.6%. The vast majority of the population is Hindu, although there is a small percentage that follows Buddhism and other religious faiths.

Nepal remained relatively isolated from the rest of the world until a revolt in 1950 restored the monarchy in 1951. Nepal gained admission to the United Nations in 1955. In 1991, the kingdom established a multiparty parliamentary system. In 2008, after a period of violence and turbulence with a strong Maoist insurgency, the monarchy in Nepal was dissolved and declared a democratic republic.

The Nepalese Rupee (NPR) was introduced in 1932 when it replaced the Nepalese mohar.

Due to its history of political isolation, Nepal remains one of the least developed countries in the region and many Nepalese rely on remittances sent from those living abroad. The number of those leaving Nepal for work is increasing every year. Malaysia is the main destination country for Nepali migrants, closely followed by Qatar, Saudi Arabia, UAE, and Kuwait.

Further reading: How to Send Money to eSewa in Nepal in 5 Easy Steps

The Online Money Transfer App That Helps You Send Money to Nepal

Remitly makes international money transfers faster, easier, more transparent, and more affordable. Since 2011, over five million people have used our secure mobile app to send money with peace of mind.

New customers can get a special offer on their first transfer. Check out Trustpilot to see what other customers like about Remitly.

Visit the homepage, download our app or check out our Help Center to get started.

You May Also Like