Question 1

What is the cheapest way to send money to Nepal?

Accepted Answer

The cheapest option depends on the total cost: the transfer fee plus the exchange-rate margin. A provider with zero fee but a poor rate can cost more than one with a small fee and a near-market rate. Compare the actual NPR your family receives, not just the headline fee.

Question 2

Is remittance to Nepal taxed?

Accepted Answer

Money received from abroad by an individual in Nepal is generally not taxed as income for the recipient. Banks may ask the purpose of large transfers for compliance, but ordinary family remittance is not subject to income tax. Confirm current rules with your bank.

Question 3

How long does a remittance to Nepal take?

Accepted Answer

Digital transfers to a Nepali bank account or wallet often arrive within minutes to a few hours. Bank-to-bank wires can take 1-3 business days. Cash pickup through agents is usually near-instant once the sender pays.

Question 4

Why is the exchange rate I get lower than the NRB rate?

Accepted Answer

NRB publishes a reference exchange rate, but remittance providers add a margin (spread) to it and may also charge a fee. The gap between the NRB rate and your rate is the real cost of the transfer, on top of any stated fee.

Question 5

Can I receive remittance in US dollars in Nepal?

Accepted Answer

Most inward remittance is converted to Nepali rupees on arrival. Some banks offer USD accounts for eligible customers, but everyday remittance to family is normally paid out in NPR.

Question 6

Which services can I use to send money to Nepal?

Accepted Answer

Common options include Wise, IME Remit, Western Union, and bank wire transfers, plus regional services from Gulf countries and Malaysia where many Nepali workers are based. Compare the amount received before choosing.

From	Provider	Rate (NPR)	Fee	Recipient gets
USD	Remitly	151.26	USD 0.00	NPR 1,51,260
USD	Instarem	150.50	USD 0.00	NPR 1,50,497
USD	Western Union	150.47	USD 1.99	NPR 1,50,170
USD	Wise	151.94	USD 18.21	NPR 1,49,178
USD	Xoom	147.67	USD 4.99	NPR 1,46,929
GBP	Instarem	201.39	GBP 0.00	NPR 2,01,392
GBP	Remitly	201.50	GBP 0.99	NPR 2,01,301
GBP	Wise	202.49	GBP 12.44	NPR 1,99,971
GBP	Western Union	199.63	GBP 0.50	NPR 1,99,534
GBP	Skrill	198.44	GBP 0.00	NPR 1,98,436
GBP	Xoom	197.74	GBP 0.00	NPR 1,97,737
EUR	Instarem	169.66	EUR 0.00	NPR 1,69,655
EUR	Remitly	169.83	EUR 2.99	NPR 1,69,322
EUR	Wise	170.76	EUR 13.66	NPR 1,68,430
EUR	Skrill	167.35	EUR 0.00	NPR 1,67,349
EUR	Xoom	166.75	EUR 0.00	NPR 1,66,748
EUR	Western Union	166.27	EUR 1.99	NPR 1,65,942
AUD	Remitly	105.03	AUD 0.99	NPR 1,04,926
AUD	Instarem	105.45	AUD 9.50	NPR 1,04,452
AUD	Wise	105.54	AUD 13.36	NPR 1,04,131
AUD	Xoom	103.23	AUD 0.00	NPR 1,03,230
AUD	Western Union	103.10	AUD 0.99	NPR 1,03,001
MYR	Wise	37.21	MYR 22.74	NPR 36,363
JPY	Instarem	0.96	JPY 0.00	NPR 957
JPY	Wise	0.96	JPY 302.00	NPR 671
CAD	Instarem	106.58	CAD 0.00	NPR 1,06,579
CAD	Remitly	105.93	CAD 0.00	NPR 1,05,930
CAD	Wise	107.47	CAD 15.50	NPR 1,05,799
CAD	Xoom	103.68	CAD 0.00	NPR 1,03,680

How much will your family receive?

Best rate by corridor

All providers, ranked by what lands

Send smarter