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Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market rates sourced directly from Reuters and add absolutely no margins! We charge a nominal fee.
Easy Transfers
Sign up, verify your account and get transacting. Know the exact amount your recipient will get as you set up your transfer.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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Transfer Money To Nepal At Zero-Margin Rates

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Send Money To Nepal

With a significant increase in the number of Nepalese migrating abroad for better prospects, remittances to the country too have increased manifold in the recent years. Thanks to the digital revolution, sending money to anywhere in Nepal is a breeze. Bid goodbye to long queues and piles of paperwork and send money to family, friends and businesses in Nepal with InstaReM.

InstaReM is a cost-effective, easy and transparent way to send money. The best part is that there are no hidden surprises in store for you. The registering process is simple. All you have to do is go to the sign-up page, fill in basic personal details along with address and identity proof for verification. Once InstaReM verifies your account, you can start sending money to anywhere in Nepal. InstaReM also offers InstaPoints on sign up and future transactions for its clients. What's more: you get to send money at Zero-Margin FX rates, nominal fees, and zero hidden charges! So, join us and start saving on overseas money transfers to Nepal.

Frequently Asked Questions
  • Is it safe to send money to Nepal through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud and money laundering.
  • How much does it cost to send money to Nepal through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. For payments from AUD or HKD to NPR, the fee is 0.5%. For payments from SGD to NPR, the fee is 0.25%. For transfers from MYR to NPR, the fee is 0.6%. Please note that the fees are subject to change.
  • How much time does it take to send money to Nepal through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which banks in Nepal are covered by InstaReM? InstaReM covers all banks in Nepal, including Standard Chartered Bank Nepal, Nepal SBI Bank, Everest Bank, Nepal Investment Bank, Sanima Bank, NMB Bank, Lumbini Bank and Bank of Kathmandu, among many others.
  • What details are required to send money to Nepal?
    1. Name: When sending to individuals in Nepal, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in Nepal.
    3. Account no: Beneficiary’s local account number in Nepal, which ideally contains 9-12 digits. This includes a branch code (3) and the account number (6-9).
    4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to Nepal.
  • What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for Nepal here.
  • Can I send money to the bank account of a business based in Nepal through InstaReM? Yes. You can use InstaReM for business transfers to Nepal.
  • What are the minimum and maximum limits for sending money to Nepal through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong. Corporates:From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia, Singapore and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available for payout in Nepal? We make payouts in NPR and USD only.
  • For what purposes can I send money to Nepal through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs to Nepal from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance remain
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in Nepal
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    *InstaReM does not support payments for FDI (Foreign Direct Investment) purposes.
  • Does InstaReM support transfers to an email address of a recipient based in Nepal? No. InstaReM does not support transfers to an email address in Nepal.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
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