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Best Ways to Send Money Online to Nepal

Updated on April 09, 2020 12:40 pm
Money Transfer Companies to Send money to Nepal

There are several ways of sending money to Nepal. We have compiled a list here.  In this article, we will cover the best and cheapest way to send money online to Nepal.

Historically, more than 50% of Nepalese working abroad used informal channels to send money home due to very high fees on formal channels. However, in the age of digitalization, the statistics are in favor of all the hardworking Nepalese, who have left home to provide better lives for their loved ones.

According to the World Bank report, the cost of remitting to Nepal is lower than the global average of 7.01%. With almost an end to the erstwhile prevailing digital divide, Nepal today stands at least at an arm's length from the rest of the world.


There are few factors to consider while sending money online; exchange rates, transfer fees, security, and the speed of transfer.

  • Xoom

This PayPal Company is one of the fastest ways of sending money to Nepal. They have collaborated with Nepal Investment Bank, Himalayan Bank, Prabhu bank, Laxmi Bank and many more to facilitate instant bank deposits. They cover major remittance corridors like USA, Canada, and the UK and have cash pickups locations across 4600 locations covering Mechi to Mekhali. With Xoom, Nepalese in the USA can opt to send money using their bank accounts, debit card, or credit card. The recipients in Nepal can receive the funds instantly in their bank accounts, by instant cash pick up, or choose a one-day deposit option. The maximum amount you can send online to Nepal through Xoom is USD 9,000 per transfer.

Nestled in London, it also covers major corridors and is a very popular choice amongst the tech-savvy consumers. It is one of the first money transfer service provider to focus heavily on digital remittances. Offering low transaction fees, zero hidden fees and competitive exchange rates, which are shown upfront to the sender. Nepalese in the US can send money safe online without leaving their homes or offices, and the recipients in Nepal will receive the money instantly via cash pick up at agent locations in Nepal, or money will be deposited in their bank accounts within 24 hours. For bank deposits, you can send up to USD 5,000 per transfer, while for cash pick-up option, there is a maximum amount of NPR 300,000, which can be received by a beneficiary per transfer, and a total of NPR 1,000,000 a beneficiary per day.

Founded in Singapore in 2014, InstaReM offers fast, safe, and a cheap way of sending money overseas, especially to the Asian Countries. InstaReM works on a Zero-Margin FX rate and charges a low commission rather than charging a fixed rate. It is a popular choice for transferring a small amount of money instantly. It is a new entrant in the industry winning the hearts of many customers by being one of the cheapest ways of sending money to Nepal. They charge a nominal fee, which ranges typically between 0.25% to 1% of the amount being transferred and also offers the most competitive exchange rates in the industry. You can also earn loyalty points with each transfer and redeem them against your transactions.

ThamelRemit is an online platform to send money from the USA to Nepal. The Banking Channel supporting ThamelRemit is Siddhartha Bank Ltd, one of the fastest growing banks in Nepal and a trusted name for years. Nepalese can send up to USD 10,000 per transaction through ACH transfer and their recipients will receive Nepalese rupee in their local bank accounts within 48 hours of transfer. It offers zero transfer fees and competitive exchange rates. Thamel Remit is a popular choice for recipients in Kathmandu valley. Family maintenance, purchase of property, investments, and transfers to NPR accounts are the kinds of payments that you can make through ThamelRemit.

Moneydart is one of the largest US-based money remittance companies founded in 1996 in New York and is powered by the UAE exchange. MoneyDart offers competitive exchange rates and zero transfer fees. Recently, UAE Exchange in association with Bank of Kathmandu launched FLASHremit to provide the customers with the convenience of sending money from any part of the world and crediting the recipient's bank account in Nepal in real-time.

  • Western Union

A global leader in cross-border remittances, Western Union has served millions of expatriates around the world. Nepalese can send up to USD 5,000 per transfer to Nepal and the recipients can pick up cash in minutes in any agent locations in Nepal if you are sending money using a debit card or credit card. If you send money from your online bank account, it will take 4 days to before the money gets delivered to your beneficiary in Nepal. Nepalese immigrants can also send money by cash through Western Union's 42,000 agent locations in the US and the money will reach Nepal in minutes.

Moneygram is the second largest provider of money transfers in the world and serving the immigrants for more than 3 decades since it was formed. The company operates in more than 200 countries with a global network of about 347,000 agent offices and serving the immigrants for more than 3 decades since it was formed. Through Moneygram online, Nepalese immigrants in the USA can send money up to USD 6,000 per transfer or choose to pay in cash through Moneygram's more than 30,000 outlet locations across the US. The recipients in Nepal can receive the money through cash pick-up and the money usually reaches the recipients in Nepal within minutes of transfer.

Based in Seattle, Remitly is focused on delivering a promise to provide low transaction fees and swift payment overseas transfers. Located in the tech hub, Remitly wants to do away with antiquated ways of sending money through their proprietary global transfer network described as "easy-to-use mobile app". Pay zero fees when you send money to Nepal for the first time. Users can send money by using a debit card, credit card, or through online bank transfer and depending on where the recipient lives, they may have multiple options on how to receive money including bank transfer, cash pick up, or even home delivery. With Remitly, the sender can choose between the express method of transfer with slightly higher fees, or choose the economy way and pay low fees for their money transfer from the USA to Nepal.

Ria has over 30 years' experience and has consistently ranked number one because it is one of the cheapest, fastest, and the safest way to send money and offering great exchange rates. With a worldwide agent network of 350,000 locations in 149 countries, Ria continues to help immigrants through world-class money transfer. Ria also offers bill payment, mobile top-ups, prepaid debit cards, check, and money orders. For sending money from the USA to Nepal, Nepalese can send up to USD 2,999 per transfer using their online bank accounts, credit card, or debit card and the recipient in Nepal will receive the money either through bank deposit or cash pick up at agent locations. Remitters in the US can also choose to pay in cash by visiting Ria agent locations in the US if they need to send a higher amount. The fastest way to send is by using debit or credit card, whereas it takes about four days to transfer the money from the USA to Nepal if you will use your bank account.

Licensed and authorized by Nepal Rashtra Bank, Muncha Money Transfer is a quick, secure and cost-effective way of sending money to anyone in Nepal from 50 states in the US. Muncha Money Transfer aims to provide quality service at an affordable price. Currently, it offers ACH pay mode and Nepalese in the US can send up to USD 10,000 per transaction, while the recipients in Nepal will receive Nepalese rupee in their bank accounts. Normally it takes about 48 hours for the money to get credited to the receivers' account in Nepal once the funds are cleared in the US. Muncha Money Transfer offers the first transaction at zero fees.

Small World FS is one of the world's leading payment providers offering a secure, fast and inexpensive way to send and receive money anywhere in the world. Nepalese in the USA can send money to Nepal easily and securely using online bank transfers or by using their debit cards. Small World has a very large payout network and the beneficiary in Nepal will receive the money on the same day or within 48 hours via cash pick-up or by bank deposit in Nepalese rupee. You can send up USD 9,999 per online transfer and USD 2,499 for each ACH transaction to Nepal.

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