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Send money to Nepal

Here's how to send a quick, affordable and secure money transfer to Nepal.

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From Pokhara to Kathmandu, find out what money transfer services can help you out.

In this guide, we’ll go through how you can get the most out of your transfer, plus all the tips and tricks to make sending money to Nepal a breeze.

Send money to Nepal with TransferWise

以透明的匯率,低收費及低最低金額的網上服務作匯款。
TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.

  • 受政府監管
  • 支援超過45+種貨幣
  • 使用中端市場匯率
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Compare money transfer services for Nepal

Use the interactive table below to see what your transfer will look like with each of the providers. You can compare minimum transfer amounts, fees and the exchange rate that each service offers.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 60 1 day HKD 0.00 14.865 NPR
148,652
Skrill能令你輕鬆匯款至多個熱門目的地,可是要留意其加上的手續費。 Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees. Go to site Show details
USD 1 Within an hour HKD 20.00 14.862 NPR
148,325
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務,。 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
USD 10 1 - 2 days HKD 320.00 14.922 NPR
144,444
以透明的匯率,低收費及低最低金額的網上服務作匯款。 TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 50 1 day HKD 35.00 14.922 NPR
148,697
快捷又簡單的國際匯款服務,大部分匯款收取固定的0.5%手續費。部分貨幣更不設保證金率。 InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
GBP 5,000 1 - 2 days HKD 0.00 14.698 NPR
146,981
可匯款至20+個國家,無手續費。 CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What’s the best way to send money to Nepal?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Nepal. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like TransferWise and InstaRem specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Nepalese bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram and Western Union allow you to transfer cash for pickup at a local branch in Nepal — often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees.

Banks

Nepalese Rupees are a popular currency, your local bank may be able to exchange them. If your bank supports Nepalese Rupee, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Nepal.

Let’s crunch the numbers: Sending $10,000 to Nepal

Let’s say you need to send $10,000 to family in Nepal. Here’s what you might face as far as fees and exchange rates as of 9 Jan, 2021.

Digital money transfer serviceCash transferBank transfer
Fee60.00 HKD8.00 HKD65.00 HKD + additional correspondent bank fees
Exchange rate1.00 HKD = 15.0922 NPR1.00 HKD = 14.9473 NPR1.00 HKD = 14.40576 NPR
Transfer speed1-2 dayMinutes2-5 days
Amount received150,016.47 NPR149,353.64 NPR143,121.23 NPR
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in Nepal. If you go with the cash transfer service, your recipient ends up with 6,895.24 NPR more than the bank offers. The cash option will also get your money there the fastest, often in a few minutes or less.

What are the other ways that I can send money to Nepal?

  • Bank transfers. Many major HK banks will allow you to send money to Nepal.
  • Money transfer providers. Providers like WorldRemit and TransferWise can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from Hong Kong to Nepal.
  • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or Hong Kong Post.

How to send money to Nepal through an online service

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their Nepalese bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Nepal. Some money transfer providers send a text or email when your transfer is complete.

How to get the most out of your money transfer to Nepal

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Nepal to best meet your needs:

  • Exchange rates. The HKD-NPR relationship fluctuates often, so using a service that allows you to lock-in exchange prices may help you save money down the line if the Nepalese Rupee rises against Hong Kong dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger HKD-NPR exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of Nepalese Rupee you’re sending to Nepal.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Nepal.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a Nepalese bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to Nepal

When urgency trumps cost to get your money to Nepal quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Nepal without a bank account

Cash transfer services can help you if you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Nepal’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Nepal’s exchange rate is flexible compared to the HK dollar. Because both are relatively stable, the HKD-NPR relationship typically doesn’t make sharp movements. Factors that influence the exchange rate include interest rates, economic stability and inflation.

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Updated: 25 Feb 2021 19:25:50 UTC

Documents needed for sending to and receiving money in Nepal

To send money to Nepal from Hong Kong, you’ll need a government-issued ID and other documents, while documents needed to pick up money in Nepal may be different by company.

Documents to send money from Nepal

To send money from Hong Kong to Nepal, you’ll need documentation and details that include:

  • Identification. Most services require a driver’s license, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number, Nepalese bank account and routing number.

Documents to receive money in Nepal

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Nepalese Passport, Nepalese ID or similar official ID may be required to pick up your transfer..
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

Bottom line

Sending your hard-earned money to Nepal shouldn’t cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country-specific guides the next time you need to make a transfer.

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