Need to send money to Nepal? Are you considering a bank wire to transfer money to Nepal? Before you walk into your bank to organise it, make sure you check out the wire transfer fees. You may get a shock the amount the fees and charges will be and depending on the transfer amount, it might not be worth sending the money by bank wire transfer to forward the money using another method.
What can make it more expensive is in addition to your financial institution adding a fee for sending the funds to a bank in Nepal, the person getting the money transfer will most likely also incur a fee at their end. One way to reduce the likelihood of the charge is to send the international wire transfer in their local currency.
To process a wire transfer to Nepal, you may require a SWIFT code. These are different codes for each financial institution and are based on things such as the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Nepal Rastra Bank