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 to and receiving money from Nepal doesn’t need to be an expensive affair. Today, there are many different ways to transfer money between Nepal and Australia for a variety of reasons.

Sending or receiving money from Nepal can be cheap. There are many different ways to transfer funds between Nepal and Australia no matter what your reason. If you regularly do business between the countries, send money back to relatives living in Nepal or just need some emergency cash while you're on a holiday in Nepal this guide will explain how to do it while avoiding fees and getting a favourable exchange rate.

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Send money overseas in at least 140 currencies.

  • Minimum transfer amount: $1,000
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Your options when sending money to Nepal

Rates last updated October 19th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Agent
TorFX guarantees to match any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

WorldFirst International Money Transfers
AUD 2,000
1 day
Online, Phone, Bank Account to Bank Account
Great rates and $0 transfer fees for Finder customers. Access live rates, currency converter and market updates via the WorldFirst Money Transfer mobile app.
Exclusive: Instarem International Money Transfers
AUD 200
1 - 2 days
Online, Phone
Exclusive: finder customers receive $15 off their first transaction. T&Cs apply.
InstaRem offers simple and quick international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction, plus finder customers receive $15 off first transfer (T&Cs apply).
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: Which is cheaper?

While most Australian banks will allow you to make money transfers to Nepal, most of them won’t actually offer you the ability to send Nepalese Rupees, meaning you might have to send another currency which can be exchanged for Nepalese Rupees by the receiving bank, or you you may have to use a dedicated money transfer service. Here’s a comparison between two services who allow transfers from AUD to NPR.

Nischal’s family transfers

Nischal has recently moved to Australia to start a new life close to the beach. 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 an Australian bank account with one of the big four banks, so he does some research to find out how much he would receive for sending over $1,000 AUD.

Money Transfer Service 1Money Transfer Service 2
Exchange rate1 AUD = 83.96 NPR1 AUD = 82.96 NPR
Transfer fee13.99 AUD9 AUD
Amount received for $1000 AUD (in Nepalese Rupees)83,965 NPR82,958.09 NPR
Transfer time

Cash pick up - almost immediately

Bank transfer - 1 - 3 working days

10 minutes
Transfer optionsCash pickup, bank transferCash pickup
Difference of+ 1006.91 NPR

As Nischal sees, the difference between the two transfers in terms of options, exchange rates and transfer fees can add up, especially as he’s planning on conducting at least two more of these transfers throughout the year. Nischal would need to think about whether the 1006.91 NPR difference is worth the difference in turnaround time.

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How do I compare transfer companies when transferring money to Nepal

When you do send money over, 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 over a certain transfer amount, or reduced fees the larger the transfer amount. Keep this in mind when comparing.
  • Convenient pick up methods. Some transfer services will offer cash pickup, 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 who 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 kiosks, as is the case with MoneyGram and 7-Eleven stores. Ensure you choose a service which has a convenient transfer method for you.
  • Short transfer times. If you need to send funds in a hurry, you might want to compare services which allow cash pickup, 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 AUD or as large as $1000 AUD. 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 good customer service options. These include phone, email and live chat support to help you along the way.
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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 Australia and made available within 1ten minutes. You can 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 organise 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 most cases you’ll have to provide proof of the emergency, including police reports and more if theft occurred. Always check the insurance Product Disclosure Statements (PDS) before travelling to ensure you’ll be covered.
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Cash pickup locations in Nepal

Below are some of the cash pickup locations available to those sending money via MoneyGram and Western Union. Ensure you call up or visit the location prior to receiving your cash to ensure they have enough 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 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 Department of Foreign Affairs and Trade (DFAT) states 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 always visit the DFAT website for updates and information regarding safety and security.

What documents do I need in order 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.

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

  • Contact details
  • Address
  • Date of birth
  • Driver’s Licence number

Once you conduct a transfer, you’ll usually receive documentation, and depending on the service, a trackable receipt so you know at what stage in the transfer your money is at.

Sending money to Nepal from Australia isn't difficult and doesn't need to be expensive if you conduct the proper research. Always view and take into account all of your options before choosing one method.

International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers. Transfer any amount from $250 upwards. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldFirst International Money Transfers

Great rates and $0 transfer fees for Finder customers. Access live rates, currency converter and market updates via the WorldFirst Money Transfer mobile app.

FC Exchange International Money Transfers

FC Exchange will match any competitor's exchange rates. Conditions apply. No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

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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?

    • finder Customer Care
      LouJune 23, 2016Staff

      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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