How to Send Money to Nepal: Best Ways to Transfer Money Online

Sending money to Nepal from abroad has never been easier, thanks to the numerous online money transfer services available. These services provide a convenient, fast, and secure way to send remittances to your loved ones in Nepal. In this article, we will explore the best options for transferring money online to Nepal, including Western Union, Remitly, and Xoom by PayPal.

Each of these services offers unique features and benefits, making it essential to compare them to find the one that best suits your needs. Whether you prioritize speed, cost-effectiveness, or a variety of delivery options, there is a service that can meet your requirements for sending money to Nepal.

Using Western Union to Transfer Money to Nepal

Western Union is a well-established and trusted name in the money transfer industry, with over 160 years of experience. They offer a variety of options for sending money to Nepal, including online transfers, mobile app transfers, and in-person transfers at agent locations. With Western Union, you can send money for cash pickup at over 12,000 locations across Nepal, including cities like Kathmandu and Bharatpur.

To send money using Western Union, you’ll need to provide the receiver’s name, contact number, and a valid government-issued ID. The sender will receive a unique Money Transfer Control Number (MTCN), which the receiver will need to collect the funds. Western Union also allows you to send money directly to a bank account in Nepal, providing added convenience for your recipient.

Sending Money to Nepal with Remitly

Remitly is a popular online money transfer service that offers competitive exchange rates and low fees for sending money to Nepal. They provide a range of delivery options, including bank deposit, mobile money, and cash pickup. Remitly has partnered with several banks and mobile wallet providers in Nepal, such as eSewa and NIC Asia Bank, to ensure swift and secure transfers.

One of the standout features of Remitly is their new customer offer, which provides a special exchange rate and waives fees on the first transfer. This can result in significant savings for those sending money to Nepal for the first time. Additionally, Remitly offers a user-friendly website and mobile app, making it easy to send money anytime, anywhere.

Transferring Funds to Nepal via Xoom by PayPal

Xoom, a PayPal service, is another excellent option for sending money online to Nepal. With Xoom, you can send money for cash pickup, mobile wallet deposit, or bank deposit to various locations and banks in Nepal, such as Prabhu, Ria, eSewa, Everest Bank, and Nabil Bank. Xoom offers competitive exchange rates and low transaction fees, making it an affordable choice for sending money to Nepal.

As a PayPal service, Xoom benefits from the trust and security associated with one of the world’s largest online payment platforms. They offer a user-friendly website and mobile app, allowing you to send money conveniently from your computer or smartphone. Xoom also provides a money-back guarantee, ensuring that your money reaches its intended recipient or you receive a full refund.

Comparing Costs and Exchange Rates

When sending money to Nepal, it’s crucial to compare the costs and exchange rates offered by different money transfer services to ensure you’re getting the best value for your money. Exchange rates can fluctuate daily, and transfer fees can vary depending on the amount you’re sending, the payment method, and the delivery option you choose.

To help you make an informed decision, we’ll take a closer look at the exchange rates and fees offered by Western Union, Remitly, and Xoom for sending money to Nepal.

Western Union Exchange Rates and Fees

Western Union offers competitive exchange rates for sending money to Nepal, with rates varying depending on the payment method and delivery option selected. For example, as of April 2023, the exchange rate for sending USD to NPR via bank transfer is 1 USD = 133.53 NPR.

In terms of fees, Western Union charges a transfer fee that varies based on the amount sent and the payment method used. However, they often run promotions offering $0 fees for first-time customers, providing an excellent opportunity to save on your initial transfer.

Remitly’s Pricing for Transfers to Nepal

Remitly is known for its competitive exchange rates and low fees when sending money to Nepal. As of April 2023, the exchange rate for sending USD to NPR through Remitly is 1 USD = 133.53 NPR, which is on par with Western Union’s rate.

Remitly’s transfer fees are generally lower than those of its competitors, with fees starting at just $3.99 for transfers up to $500. They also offer a new customer promotion, waiving fees on the first transfer, allowing you to save even more money.

Xoom Money Transfer Costs and Rates

Xoom, a PayPal service, offers competitive exchange rates and fees for sending money to Nepal. As of April 2023, the exchange rate for sending EUR to NPR through Xoom is 1 EUR = 140.0436 NPR.

Xoom charges a transaction fee of 2.99 EUR for transfers to Nepal, which is relatively low compared to other services. They also offer a promotional exchange rate for new customers sending up to 1000 EUR until December 31, 2022, providing an excellent opportunity to save on your first transfer.

Steps to Send Money Online to Nepal

Sending money online to Nepal is a simple and straightforward process, regardless of which money transfer service you choose. In this section, we’ll walk you through the steps involved in sending money using Western Union, Remitly, and Xoom.

While the exact process may vary slightly between services, the general steps remain the same: creating an account, entering the transfer amount, providing recipient details, selecting a payment method, and confirming the transfer.

Sending Money with the Western Union App and Website

Create a Western Union account or log in to your existing account.
Enter the amount you wish to send and select Nepal as the destination country.
Choose your preferred delivery method (cash pickup, bank transfer, or mobile wallet).
Provide your recipient’s details, including their name, contact information, and bank account details (if applicable).
Select your payment method (credit card, debit card, or bank transfer).
Review the transaction details and confirm the transfer.
Keep the tracking number for your reference and to share with your recipient.

Transferring Money to Nepal Online via Remitly

Sign up for a Remitly account or log in to your existing account.
Enter the amount you want to send and select Nepal as the receiving country.
Choose your preferred delivery method (bank deposit, mobile wallet, or cash pickup).
Provide your recipient’s details, including their name, contact information, and bank account or mobile wallet details (if applicable).
Select your payment method (bank transfer, credit card, or debit card).
Review the transaction details and confirm the transfer.
Track your transfer online and notify your recipient of the transaction details.

Using Xoom to Send Money from the Web and Mobile App

Create a Xoom account or log in to your existing account.
Enter the amount you wish to send and select Nepal as the destination country.
Choose your preferred delivery method (cash pickup, bank deposit, or mobile wallet).
Provide your recipient’s details, including their name, contact information, and bank account or mobile wallet details (if applicable).
Select your payment method (PayPal balance, bank account, credit card, or debit card).
Review the transaction details and confirm the transfer.
Track your transfer online and share the transaction details with your recipient.

Delivery Options for Money Transfers to Nepal

When sending money to Nepal, it’s essential to consider the various delivery options available to ensure that your recipient receives the funds in the most convenient way possible. The three main delivery methods for money transfers to Nepal are cash pickup, bank deposit, and mobile wallet deposit.

In this section, we’ll explore the delivery options offered by Western Union, Remitly, and Xoom, helping you choose the best method for your needs.

Western Union Cash Pickup and Bank Deposit in Nepal

Western Union offers two primary delivery options for sending money to Nepal: cash pickup and bank deposit. With cash pickup, your recipient can collect the funds in person at any of the 12,000+ Western Union agent locations across Nepal, including cities like Kathmandu and Bharatpur. This option is ideal for those who prefer to receive cash or don’t have access to a bank account.

For added convenience, Western Union also allows you to send money directly to a recipient’s bank account in Nepal. This option is suitable for those who prefer not to handle cash or want the funds deposited directly into their account.

Remitly’s Delivery Options: Bank Deposit, Mobile Money, Cash Pickup

Remitly provides a range of delivery options for sending money to Nepal, including bank deposit, mobile money, and cash pickup. With the bank deposit option, you can send funds directly to your recipient’s account at various Nepali banks, such as NIC Asia Bank and Everest Bank.

Remitly also supports mobile money transfers through popular mobile wallet providers like eSewa, allowing your recipient to access funds using their mobile device. For those who prefer cash, Remitly offers cash pickup at numerous locations across Nepal.

Xoom’s Supported Delivery Methods for Nepal

Xoom offers several delivery options for sending money to Nepal, including cash pickup, bank deposit, and mobile wallet deposit. With cash pickup, your recipient can collect the funds at various locations, such as Prabhu and Ria.

Xoom also supports bank deposits to major Nepali banks, including Everest Bank and Nabil Bank, allowing your recipient to access the funds through their bank account. Additionally, Xoom enables mobile wallet deposits to popular providers like eSewa, offering a convenient and secure way for your recipient to receive money on their mobile device.

Safety and Customer Support

When sending money online to Nepal, the safety and security of your funds and personal information are of utmost importance. It’s crucial to choose a money transfer service that prioritizes security and offers reliable customer support.

In this section, we’ll discuss the security measures and customer support offered by Western Union, Remitly, and Xoom, helping you make an informed decision when selecting a money transfer provider.

Western Union’s Commitment to Secure Transfers

Western Union takes the security of your money transfers seriously. They employ advanced encryption technology to protect your personal and financial information during transactions. Additionally, Western Union has implemented a multi-layered approach to security, including fraud detection and prevention measures, to ensure the safety of your funds.

In terms of customer support, Western Union offers assistance through various channels, including phone, email, and live chat. Their support team is available 24/7 to address any concerns or questions you may have regarding your money transfers to Nepal.

Remitly’s Approach to Transfer Security and Customer Support

Remitly prioritizes the security of your money transfers and personal information. They use industry-standard encryption to protect your data and employ a multi-level security system to prevent unauthorized access to your account. Remitly also monitors transactions for suspicious activity and works diligently to prevent fraud.

When it comes to customer support, Remitly offers 24/7 assistance through phone, email, and live chat. Their knowledgeable support team is available to help you with any issues or inquiries related to your money transfers to Nepal, ensuring a smooth and hassle-free experience.

Xoom’s Security Measures and PayPal-Backed Guarantee

As a PayPal service, Xoom benefits from the robust security measures and expertise of one of the world’s largest online payment platforms. Xoom employs advanced encryption technology to safeguard your personal and financial information during transactions. They also have a dedicated team that monitors transfers for suspicious activity and works to prevent fraud.

Xoom offers a money-back guarantee, ensuring that your money reaches its intended recipient or you receive a full refund. In terms of customer support, Xoom provides assistance through phone, email, and live chat. Their support team is available to help you with any questions or concerns you may have regarding your money transfers to Nepal.

See also:

Best Ways to Send Money to Nepal Online