5 Best Way to transfer money from the UK to Nepal?

5 Best Way to transfer money from the UK to Nepal?


Okay, let’s admit it, it’s not easier choosing a remittance company to transfer money to Nepal, every one of them might sound convincing in their own ways. Transferring remittance from the UK to Nepal can become a hassle, with many companies hefty amount of fees just to transfer a little amount. Even there are some charging you with hidden fees and taking a long time to transfer. So, to avoid all that I have listed the best 5 remittance companies where you can transfer money to Nepal conveniently:

World Remit 

WorldRemit Logo
  • Bank Transfer
    • Transfer Time: Same Day
    • Fees: 0.99 GBP
  • Cash Pickup
    • Transfer Time: Within Minutes
    • Fees: 0.99 GBP
  • Airtime Topup
    • Transfer Time: Within Minutes
    • Fees: 0.00 GBP

Exchange Rate (As of Sept 21):1.00 GBP = 150.68 Nepalese Rupee (NPR)

World Remit is probably the best of all remittance services out there. With world remit, you can send directly to the bank account in banks like NIC ASIA Bank, Standard Chartered, Lumbini Bikas Bank, NMB Bank, Sanima Bank, Nepal SBI Bank, NIBL, Everest Bank, and Bank of Kathmandu. With cash pickup, you can pick up from NIC ASIA Bank, Samsara Remit, and Citizens Bank. With airtime transfer, there is no fee you can top-up balance in Ncell and NTC.

Azimo

Azimo logo
  • Bank Transfer
    • Transfer Time: 24hrs
    • Fees: 0.99 GBP
  • Cash Pickup
    • Transfer Time: Same Day
    • Fees: 0.99 GBP
  • Mobile Topup
    • Transfer Time: Instant
    • Fees: 0.00 GBP

Exchange Rate (As of Sept 21):1.00 GBP = 146.15937 Nepalese Rupee (NPR)

With Azimo, you can transfer directly to any bank account in Nepal. It will take 24 hrs to deliver your money and then you can receive it in your bank account from any bank in Nepal. And you can do a cash pickup transfer with same-day delivery with pickup locations at CG Money Remit Pvt. Ltd. You can also do 24 hr delivery with SWIFT and 30 mins delivery to Mobile wallet in Nepal. Like world remit, you can also do mobile top-up.

Skrill

Skrill Money Transfer
  • Bank Transfer
    • Transfer Time: Up to 2 days
    • Fees: 0.00 GBP
  • ESEWA
    • Transfer Time: Instant
    • Fees: 0.00 GBP

Exchange Rate (As of Sept 21):1.00 GBP = 150.68 Nepalese Rupee (NPR)

Skrill Money Transfer is probably the only money transfer with no transfer fee. With Skrill, you can deliver directly to a bank account which will take up to 2 days to deliver. But you can do instant delivery to the eSewa account of the beneficiary. With the Skrill app, you can also access your money wherever you are 24/7.

Remitly

Remitly Money transfer
  • Express 
    • Transfer Time: Within Minutes
    • Fees: 1.99 GBP
    • Pay with Debit or Credit Card
  • Economy
    • Transfer Time: 3 to 5 days
    • Fees: 0.99 GBP
    • Pay with Debit or Credit Card

Exchange Rate (As of Sept 21):1.00 GBP = 152.63 Nepalese Rupee (NPR)

Remitly is also one of the better ways to transfer money from the UK to Nepal. Remitly charges no transfer fee for your first transaction. You can send money directly to NIC ASIA Bank, Nabil Bank, Prabhu Bank, Nepal Investment Bank, Siddhartha Bank, Rastriya Banijya Bank, Nepal Remit, City Express, GME Remittance, eSewa Money Transfer, Agriculture Development Bank, and Bank of Kathmandu. You can get it delivered to your Bank account in the mentioned banks or pick up from there. 

Western Union

Western Union Money Transfer
  • Bank Transfer
    • Transfer Time: In Minutes
    • Fees: 1.90 GBP
  • Pay In Cash
    • Transfer Time: In Minutes
    • Fees: 7.90 GBP
  • Credit/Debit Card
    • Transfer Time: In Minutes
    • Fees: 1.90 GBP

Exchange Rate (As of Sept 21):1.00 GBP = 140.9836  Nepalese Rupee (NPR)

Western Union offers the lowest exchange rate compared to all other remittance companies. Although western union allows remitter to pay through bank transfer, it does not allow the receiver to have a direct bank transfer to their bank account. Through the western union, you can receive the money in cash through their outlets or you can get it delivered in your mobile wallet. And you can receive the money within minutes in any form of transfer.

Conclusion

These are some of the best remittance services in the UK. You cannot go wrong with the 5 listed above. But still, compare all five and choose what you think is best. After all, it’s about money so you have to be very careful. The exchange rates keep changing every day so I have listed the current exchange rate just so that you can have a general idea. The exchange rates aren’t the only consideration, see what means you can transfer and the delivery time.

Related Article: 2 Ways To Transfer Money From India To Nepal Through SBI Bank?