How to Send Money Overseas to Nepal Cheaply

transfer money to nepalHow to transfer money to Nepal without the high costs associated with banks.

Sending money between Canada and Nepal doesn’t need to be an expensive affair. Today, there are many different ways to transfer money between Nepal and Canada.

Whether you need to send money to family, friends or business partners, there are specialist transfer companies offering fast and cheap money sending services between the two nations. Even if you just need some emergency cash while you’re vacationing in Nepal, this guide will explain how to get a favourable exchange rate while avoiding high fees and slow transfer speeds.

Your options when sending money to Nepal

Rates last updated June 24th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
CAD 0.51
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Exclusive: World First International Money Transfers
CAD 250
1 day
Online, Phone
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
TransferWise International Money Transfers
CAD 2.50
1 - 2 days
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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Banks vs money transfer services – what is cheaper?

While most big Canadian banks will allow you to make money transfers to Nepal, most of them won’t actually offer you the ability to send the local currency of Nepalese rupees. This means you might have to send another currency, such as US dollars, which can be exchanged for Nepalese rupees by the receiving bank, or you may have to use the services of a specialist money transfer provider. Below is a comparison between two services that allow transfers from CAD to NPR.

Case study: Nischal’s family transfers

Nischal has recently moved to Canada to start a new life close to the mountains in the west coast. His parents and siblings are still in Nepal, and occasionally he likes to send them monetary gifts to help out with their living expenses and as birthday gifts.

Nischal has a Canadian bank account with one of the big five banks, however he realizes that he will pay high fees transferring money via his bank. Instead, he does some research to find out how much it will cost him to send CAD$1,000 via a specialist money transfer service.

Money Transfer Service 1Money Transfer Service 2
Exchange rate$1 CAD = 78.87 NPR$1 CAD = 79.14 NPR
Transfer feeCAD$14CAD$30
Amount received for $1000 CAD (in Nepalese rupees)NPR78,869NPR79, 144
Transfer time

Less than 24 hours

Transfer optionsCash pick-up (costs more) or bank transfer (priced above)Cash pick-up only
Difference of+ NPR279.00

As Nischal discovers, the difference between the two transfers is only NPR279, which is around CAD$3.50. Although the second transfer company allows him to send these extra dollars, the transaction will actually cost him double the price. This is why it’s important to compare both transaction fees and the exchange rates offered. However, Nischal can make his decision based on the urgency of the transaction. If he needs the money to arrive in just minutes, paying $15 extra may be worth it for him. If not, he is better off choosing the first company, where he will pay much lower fees and send only a couple of dollars less. Furthermore, this transaction will be sent online and will end up directly in a Nepalese bank account, ensuring his friends and family don’t have to travel to pick up the funds. In conclusion, both companies offer different services depending on the needs of Nischal and his recipient.

How do I compare transfer companies when transferring money to Nepal

When you send money between Canada and Nepal, you can compare transfer services by looking at:

  • Competitive exchange rates. Some transfer services will offer a competitive exchange rate but will charge higher transfer fees, whereas other services might give you a poorer exchange rate and charge minimal transfer fees. Some providers might offer no transfer fees if you send over a certain transfer amount, or they may reduce the fees if you send a larger amount of money. Keep this in mind when comparing services.
  • Convenient pick-up methods. Some transfer services will offer cash pick-up, which might be important if you’re sending the money to a travelling relative who needs emergency cash, or a relative who lives in Nepal and doesn’t have a bank account. Other methods might include bank account transfers.
  • Flexible transfer methods. Some services will allow you to transfer money online, over the phone or at specific branch locations, as is the case with MoneyGram and Western Union stores. Ensure you choose a service which has a convenient transfer method for you. Canada Post has many MoneyGram locations across the country.
  • Short transfer times. If you need to send funds in a hurry, you might want to compare services which allow cash pick-ups, as these can be sent almost immediately. Transfers to bank accounts usually take between one and five days depending on the service, so be sure to factor this in.
  • Low, minimum transfer amounts. While most transfer services have large maximum limits, some will have minimum transfer amounts, which can be as small as $1 or as large as $1000. Keep this in mind if you’re planning on making a small transfer.
  • Reliable customer service. If you’ll be using the service regularly and/or making regular transfers, it might be good to compare services with great customer service options. These include phone, email and live chat support options to help you along the way. Some companies will offer 24/7 support, while others may only be available a few days a week.

Emergency cash transfers to Nepal

If you’ve lost your wallet and require emergency cash in Nepal, there are a few methods you can use to get some sent to you.

  • A transfer service with cash pick-up options. Companies like Western Union and MoneyGram allow you to pick up cash from designated locations (mentioned in the section below). This can be sent from Canada and made available within 10 minutes for pick-up in Nepal. You can also have money sent to you online using the transfer service’s website.
  • Emergency cash through your credit card company. Some credit card companies will give you a small amount of funds if your card is reported as lost or stolen. This cash is designed to help you pay for essentials in the time taken for your bank to send you a replacement card. To organize this, contact your bank using their dedicated card theft/loss phone line.
  • Travel insurance. Your travel insurance plan might provide you with emergency cash in the event of a medical emergency, theft or other circumstances. In many cases, you’ll have to provide proof of the emergency, including police reports and more if theft occurred. Al ways check the insurance product disclosure statements before travelling to ensure you’ll be covered. Always ensure that you understand your coverage.

Cash pick-up locations in Nepal

Below are some of the cash pick-up locations available to those sending money via MoneyGram and Western Union. Ensure you call or visit the location prior to receiving your cash to ensure they have enough cash on hand. When going to pick up cash at a money transfer service, you’ll usually have to provide your reference number, details of the transfer, and some valid photo identification, so ensure you bring your passport.

Western Union


  • Bank of Asia Nepal
    Branch Office Ka Ma Na Pa,
    Ward No 33, Dilibazar
    Open from 9:15am to 6:15pm Monday to Sunday
  • Bank of Kathmandu
    Branch Office Ka Ma Na Pa,
    Ward No 10, New Baneshwor
    Open 10am to 5pm everyday except Saturday


  • Agricultural Development Bank
    Branch Office Pokhara Municipality,
    Ward No 9, Newroad Kaski
    Open 9:15am to 6:15pm Monday to Sunday
  • H and B Development Bank
    Branch Office Pokhara Municipality,
    Ward No 10, Rambazar
    Open 9:15am to 6:15pm Monday to Sunday



  • Everest Bank Maitidevi
    Near Seto Pul
    Open 9am to 5pm Monday to Sunday
  • Nic Asia – Thankot
    Thankot – 8 Thankot Buspark
    Open 8am to 6pm Monday to Friday and SundayOpen 10am to 12:30pm Saturday


  • Nepal Bangladesh Bank
    BP Marga Chiple Dhunga Pokhara Kaski
    Open 9:30am to 5pm Monday to Friday, and SundaysOpen 12am to 12am Saturday
  • Civil Bank
    Sabhagriha Chowk Phewa Marg
    Open 8am to 6pm Monday to Sunday

Tips for picking up cash in Nepal

The Government of Canada advises that travellers visiting Nepal should exercise a high degree of caution. You should closely monitor your belongings and security, and know that local strikes can occur without notice, meaning the businesses you’re hoping to pick up money from may be closed. Ensure you don’t pick up cash alone and try to avoid public transportation with large amounts of cash.

What documents do I need to send money to Nepal?

Your reason for sending money to Nepal will dictate your next steps. If you want to send money via any of the services mentioned above, you’ll generally need to open an account first. This will likely be completed online.

To do this, you’ll usually need to supply your:

  • Contact details
  • Address
  • Date of birth
  • Driver’s Licence number or valid photo ID

Once you conduct a transfer, you’ll usually receive documentation, and depending on the service, a receipt with a tracking number, so you can monitor the progress of your transaction.

Sending money to Nepal from Canada isn’t difficult and doesn’t need to be expensive if you spend some time doing research. Always view and take into account all of your options before choosing one method.

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2 Responses

  1. Default Gravatar
    SteveJune 23, 2016

    Is there branch or place in Pokhara in Nepal.
    Were on your site do I find this information?

    • Default Gravatar
      June 23, 2016

      Hi Steve,

      Thanks for your comment.

      In the above page, we have listed the different cash pickup locations in Pokhara, depending on the money transfer company that you will use.


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