About Nepal and Canada
When sending money to Nepal, keep in mind that different tax regulations may apply. Some of the factors affecting the tax may include:
- What method you are using to transfer money to Nepal
- The amount of money you are sending
- Fund Source - some services might ask.
- Whether the money is taxed elsewhere
For example, supporting family members by paying for living expenses is usually considered different from sending large sums of money abroad as a gift.
As mentioned earlier, among the many methods at your disposal for sending money to Nepal from the Canada are online cash transfers, bank deposits, online transfer platforms, bank wire transfers. Third-party ones with cash pick up points like Western Union.
Below is an updated comparison of these money transfer services that you can use to send money to Nepal from the Canada. To get more accurate rates, please visit Exchange Rate IQ to pick an option that suits you best.
Top options for sending money from Canada to Nepal
The fastest way tosend money from the Canada to Nepal would be through the PayPal services offered under Xoom. It is a fast and convenient way to transfer money through Xoom. Once you pick up a convenient cash pickup point throughout Nepal, your money is typically available in minutes.
Ensure you have a PayPal account for the services to work.
OFX offers 1-2 day transfer of your money to a local bank in Nepal. With no hidden charges and low rates, transferring money from the Canada to Nepal using this services guarantees safety. Once you visit a bank, they issue you with a tracking number to check on the progress of the transfer. Better still, this can be done from the palm of your hands using their app.
Third-party Methods
Other services like Money Gram, Western Union, including Ria money transfer, offer convenient services as no opening of accounts is required. When you are ready to send money to Nepal, visit any of the above mentioned websites, fill out a form with your details and recipient's details. Upon finishing the application, you will get a user ID and a password. Your recipient uses that information to collect money from any available pickup point.
The limiting factor with Western Union and Money gram is the availability of a pickup point. Mostly found in towns.
Four things to consider before sending money to Nepal from the US
How much will it cost you?
Many money transfer companies will charge you according to how much money you want to send while others are free. But for you to find out, you can use the help of websites like Exchange Rate IQ.
How long will it take?
While you can transfer money to the Canada from Nepal in a matter of seconds, the same transaction can take more than a day, depending on the mode of transfer you choose. From reviews, however, the fastest way to send money from the CANADA to Nepal is online money transfer services.
The offered CAD to NPR exchange rates:
Different money transfer services offer different exchange rates. Another good reason for you to check with Exchange Rate IQ before taking your next move.
How secure is the service?
Cyber-crime is real, and for most online money transfer companies, the safety of the customer is usually the number one priority. That, however,does not mean that you can't get robbed while using these platforms.
It is no doubt that online money transfer services offer the fastest and best way to send Money from Canada to Nepal. That is because you can complete the transaction from your phone or computer at your comfort. Additionally, these services are affordable.
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It is possible to wire money directly into a bank account in Nepal if you are in Canada. There are some banks that operate in both countries and make the money transfer process from Canada to Nepal easy. Also through platforms like XE Money, you can send money into a bank account but it takes about 3 days for the transaction to complete.
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You can send money from the US to Nepal as frequently as you wish as long as you follow the Right protocols. It is also essential to confirm if the money transfer service you opt to use allows for your frequency of money transfer as some have restrictions.
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Current Exchange Rate(Mid Market) :- 95.62 NPR/CAD
Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.
Send Nepal Rupee |
Receive Canada Dollar From NEPAL |
1 NPR FROM CAD |
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50 NPR FROM CAD |
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100 NPR FROM CAD |
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250 NPR FROM CAD |
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500 NPR FROM CAD |
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1000 NPR FROM CAD |
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5000 NPR FROM CAD |
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10000 NPR FROM CAD |
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