Send Money To Nepal From Australia: Compare Your Choices

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When working abroad, sending money to your loved ones back home is a great way to support them, even if they are thousands of miles away. However, Nepalese migrants encounter challenges when sending money to Nepal from Australia. There are many options, but it’s hard to choose what’s the best.

If you are someone who is facing the same issue and looking for the best way to transfer your money to Nepal, you’re not alone. Keep reading to make an informed choice for maximum convenience and better security when sending money from Australia to Nepal.

5 Common Methods To Send Money To Nepal From Australia

In 2021, Nepalese migrants in Australia sent approximately US$466.6 million in remittances back home. Along with traditional bank transfers, several other options are available that make money transfers to Nepal possible. These are mentioned below:

Bank Transfers

A bank transfer is the most common way to send money internationally. One can directly send the money to the recipient’s bank account in Nepal. For that, the sender needs to visit a nearby bank or initiate the transfer through online banking. Although bank transfers are secure and transparent, the process is usually inconvenient due to being lengthy and time-consuming.

Prepaid Debit Cards

Prepaid debit cards offer another option for money transfer to Nepal. The sender needs to purchase a sufficient amount of a prepaid card so that the recipient can make the necessary purchases. The card is further mailed, and that can take several days for delivery. Moreover, there are significant charges for ATM withdrawals and card maintenance.

Courier Services

Although it is the least common way of international money transfer these days, some people still rely on it. The sender can deliver cash to the recipient’s address using a courier service. However, just like a prepaid debit card, it is not advisable for emergencies and quick cash needs. Additionally, some areas are not serviceable by couriers, so recipients may need to travel to a designated location to collect the cash.

Mobile Wallet

It is one of the latest ways of transferring money, which is convenient compared to traditional methods. The sender can transfer the required amount from their wallet to the recipient’s wallet account. However, for that, they need to opt for a mobile wallet app that operates in Nepal as well. Although transactions are faster, this method has limitations for cash transfers and withdrawals.

Money Transfer Apps

Many money transfer services offer easy-to-use applications for senders to transfer money internationally. It isn’t only a quicker but more accessible mode of money transfer. Being different from mobile wallet applications, the receiver doesn’t need to have an active application on their devices as well. Cutting the extra struggle that banks compel, money transfer services handle it all, transferring money directly to the recipient’s account.

Need to send money? Create your account and start today: https://remitby.com/register

Selecting the Best Way For Money Transfer To Nepal

When choosing the right method for money transfer from Australia to Nepal, you need to keep some aspects in mind. These factors are mentioned below:

Transfer Speed

Always pick the mode that offers faster transfer! Money transfer apps and mobile wallets even offer instant transfers, which has led to their high preference.

Transfer Fees

Platforms that demand lower transfer fees and competitive exchange rates with no hidden charges are always the most cost-effective option.

Accessibility

There is no meaning in choosing a mode that isn’t accessible in the recipient’s location. Thus, the selected mode should be convenient for you as well as the recipient.

Security

Never fall for some bogus method offered by a fraud service provider, as that may risk your money. Make sure to check if it follows government regulations and promises safe money transfers.

Why Opt For RemitBy?

Sending money abroad is typically done via money transfer services rather than more conventional ways like bank transfers or courier services. These have faster delivery times, superior security, and added convenience.

Among all the money transfer services, RemitBy is the leading choice to Send Money to Nepal from Australia. It is a money remittance app that allows easy money transfers at the best rates with an easy process.

Here’s why RemitBy is a top choice:

Reasonable Fees and Exchange Rates: With low platform fees and exchange rates, the platform makes the money transfer more cost-effective.
Instant Transfer: The RemitBy app serves as a handy option for instant money transfers for urgent remittance needs.
Rewards: Loyal customers get rewards and incentives that help them save further on the overall money transfer cost.
Safe Transactions: With the latest authentication technologies like face recognition and fingerprint, all the transactions are secure and protected.
24/7 Support: In case of any query or issue, the customer care team is available 24/7 to address them promptly.
Legal: The RemitBy app and its services are regulated by the concerned financial authorities for legal purposes.

Conclusion

When choosing a platform to send money to Nepal from Australia, it’s crucial to weigh factors such as cost, speed, and convenience. While traditional methods each have their own advantages, modern money transfer apps provide more efficient solutions for remittance needs. Among the available options, RemitBy stands out with its favourable key features, including strong security measures and a quick as well as easy process. Don’t wait any longer—opt for RemitBy for a safe money transfer experience.