How To Transfer Money To Nepal From Australia
There are many reasons you may need to transfer money internationally. This can include personal expenses, money for family, business settlements, and overseas purchases.
Jul 14, 2020
Today, we’ll focus on how to transfer money to Nepal from Australia. Traditionally, sending money to Nepal wasn’t so easy, could only be completed in person at special branches, was quite expensive, and wasn’t always safe. Fast-forward to today and the payment platform landscape has completely transformed, for the better. We’ll dive into the simple way to send money to Nepal, and also break down the importance of sending money securely.
Ensuring Your Money Is Sent Securely
In today’s digital world, the possibility of your security being compromised is real. This can make it uncomfortable for you when transferring money abroad. One of the first things you need to consider when sending money to Nepal is the method of doing so. A direct bank transfer is an idea, but isn’t always 100% secure.
Always do your research to understand what platform is facilitating your transfer, and what protection there is for you as a consumer.
City Express Money Transfer Australia uses POLi Payments to facilitate all of our transfers. This ensures a secure, and instant transfer to Nepal.
What is POLi Payments?
POLi Payments is an online payment service in Australia and New Zealand. POLi removes the need to use a credit or debit card, or other facility, to transfer money overseas. Instead, your money can be transferred overseas directly from your bank account, making the whole transaction process seamless.
What makes POLi Payments secure?
The security of your information is POLi’s first priority. POLi doesn’t store any of your sensitive information and you do not need to register with POLi to transfer your money. The transfer is completed in less than 60 seconds, internationally. POLi are committed to maintaining high security standards through regular security reviews – just the type of partner you need to ensure a secure transfer!
Other POLi Payments Related Questions
How long does it take for the funds to reach Nepal?
POLi will instantaneously transfer the funds from Australia to the nominated Nepalese bank account. The funds will become available to the recipient within 60 seconds of the transfer taking place!
Will I be charged fees for using POLi?
No. Neither us nor POLi payments will charge any fees for using POLi to transfer your money. There are no hidden fees or charges.
Choose the Right Exchange Rate
A currency’s exchange rate will vary depending on the supply and demand of that currency. In the context of this blog, if Nepal is doing well economically when compared to the Australian dollar and economy, the Nepalese Rupee will appreciate in value. However, if the opposite occurs, the value will depreciate. Your exchange rate will depend on this, as well as the exchange rate of the provider facilitating your transfer. Be sure to shop around to find the best Nepalese exchange rate, as this will affect the amount of money received in Nepal.
City Express Money Transfer Australia is proud to have one of the best exchange rates in the market today when it comes to sending money to Nepal.
Choose a Provider Who Is Compliant with AUSTRAC
AUSTRAC is the Australian Transaction Reports and Analysis Centre. They are Australia’s financial intelligence regulator and regulate anti-money laundering and counter-terrorism financing. An AUSTRAC-compliant platform is required to report certain transactions and suspicious matters, including reporting on compliance directly to AUSTRAC.
City Express Money Transfer Australia actively works with AUSTRAC to ensure all transactions are monitored and are legitimate. Any suspicious activity is reported immediately.
Choose a Provider Who Is Compliant in Nepal
City Express Money Transfer Australia is proud to be the first Australian provider of legal remittance services to Nepal. This is essential to ensure that your money is transferred through a legal and legitimate avenue.
Choose a Provider Who Has Flexible Collections Options
When sending money to Nepal, you want to ensure that your chosen provider has a few different options for the payment to get to its destination. A common method, is a simple bank to bank transfer. This is good, however, it isn’t always secure, and can occasionally take some time to clear. You want your provider to have a platform that facilitates instant transfer to Nepal. This might not always be the best method for you, so ensuring there are other ways to send money is a must.
A method you may or may not have considered is sending money for collection at a local branch. This is secure when facilitated appropriately, and is also instant.
City Express Money Transfer Australia is trusted by millions of local and international customers. With a network of more than 7000 payment points and pick up locations in Nepal, you can rest assured that your money will be transferred and supported with convenient collections options.
Choose a Reliable Provider
The word reliable can be defined in a few ways. When discussing transfering money to Nepal from Australia, reliable refers to having peace of mind that your transfer will be sent without any issues. There are providers have platforms that experience service downtime more often than not, as well as delay in transfers. This is definitely something you want to avoid.
City Express Money Transfer Australia operates globally, with their global head office based in Nepal. Our network operates 24 hours a day, 7 days a week, 365 days a year. We operate alongside the Nepalese banks, meaning we are always online to service your every need.
Does Your Provider Have Appropriate Support?
When transferring money, and you face an issue, your first thought will be to talk to someone, now! Being a global company, we have staff working around the world. What does this mean for you? It means that you have 24/7 digital support to resolve any queries you have. We are available via telephone, email and through our social channels. More of us, means less issues for you.
Summarising the Above
Technology is a beautiful thing. It has advanced our society tremendously in recent times, and this makes tasks like transfer money to Nepal from Australia a lot easier than it has ever been historically! However, we urge you to do some quick research to find the right supplier for you. To summarise this into easy steps, when sending money to Nepal:
- Choose a trusted and reliable money transfer platform.
- Select the transfer method (will commonly be either direct bank transfer, or collect in cash).
- Consider the exchange rate and transfer amount.
We hope you found value in this month’s blog. If you have any other questions regarding money transfer to Nepal, contact us directly at [email protected]