Foreign Remittance Calculator
Calculate costs for sending money to Nepal from abroad.
Calculate Remittance
Remittance Details
Amount to send—
Transfer fee—
Total you pay—
Recipient receives (NPR)—
Effective exchange rate—
Understanding remittance costs
When sending money abroad, there are two main costs: transfer fees and exchange rate markup.
Popular remittance services to Nepal:
• Banks (Slow, high fees: 3-5%, 3-5 days)
• IME, Prabhu Money Transfer (Fast, moderate fees: 1-3%, same day)
• Wise, Remitly, WorldRemit (Online, low fees: 0.5-2%, 1-2 days)
• Western Union, MoneyGram (Fast, higher fees: 2-5%, instant-1 day)
Tip: Compare both the fee AND exchange rate. Some services advertise low fees but have poor exchange rates.
• Banks (Slow, high fees: 3-5%, 3-5 days)
• IME, Prabhu Money Transfer (Fast, moderate fees: 1-3%, same day)
• Wise, Remitly, WorldRemit (Online, low fees: 0.5-2%, 1-2 days)
• Western Union, MoneyGram (Fast, higher fees: 2-5%, instant-1 day)
Tip: Compare both the fee AND exchange rate. Some services advertise low fees but have poor exchange rates.
FAQs
What's the best way to send money to Nepal?
For large amounts: Banks or Wise (best rates). For quick small amounts: IME, Prabhu, or MoneyGram. Compare rates on each transfer.
How long does remittance take?
Instant to 5 days depending on service. Banks: 3-5 days. Money transfer companies: Same day to 2 days. Online services: 1-3 days.
Is there a limit on remittance to Nepal?
No limit for remittance received in Nepal. Nepal Rastra Bank tracks transactions over USD 10,000 for tax purposes.
Do I need to pay tax on remittance?
Generally no. Family support and gifts are not taxable. Income from abroad may be taxable depending on source.
Which has better rates: banks or money transfer?
Money transfer services usually have better rates and lower fees than traditional banks.