Remittance remains an important factor in the economy of Nepal, and the daily lives of the families there as well. As per the most recent report by Nepal Rastra Bank (NRB), Nepal has received Rs 215.05 billion worth of remittances during the first month of the fiscal year 2026/27.
For many of Nepalese living and working abroad, finding a safe and reliable way to send money to Nepal is important. Using authorized banking channels and legitimate remittance services will help the money move via a regulated and secure financial channel.
If you are sending money to Nepal, choosing the right banking channel can help you transfer your hard-earned money with greater confidence.
Advantages of Sending Money Through Secure Channels
Choosing a formal banking or remittance channel provides more than just a way to transfer money. It creates a safer and more transparent process for both the sender and recipient.
Safe and Secure
Security is among the major reasons why a remittance should go through a formal channel.
The operations of banks are regulated by rules and procedures. Nepal Rastra Bank provides data on authorized parties that engage in foreign exchange and remittance services.
A formal transfer generates transaction documentation that makes it possible to prove payment and handle any problems in case of a dispute.
Fast and Reliable
Using the banking channel for remitting money to Nepal can be convenient, especially when such service enables deposit directly to an account.
The time for the transfer process will depend on many factors including the country from which the transfer takes place, partners, transfer type, etc. Thus, before sending money, it is important to clarify the delivery time.
Keep Track of Remittance Process
The other advantage of using formal remittance services is to have a transaction reference number or records, which will make it easier to track the transaction process.
In case the receiver has not received the funds within the expected time, then the sender can refer to the transaction information while communicating with the service provider.
It is important to retain your receipt or transaction reference number until the receiver confirms receiving the funds.
Why Should You Avoid Using Informal Channels for Money Transfer?
Informal money transfer channels operate outside regulated banking systems and laws and often do not have any guarantee that the money will reach the desired recipient at all. There might not be an official transaction log, minimal protection of both parties, and fewer ways to get your money back if the money does not go through.
By using a licensed bank or a remittance company when transferring money to Nepal, you create an official transaction history and can contact the official customer support if any problems occur.
Before making the transaction, make sure that the company is allowed to make transactions between countries and to make any kind of foreign exchange transactions. Nepal Rastra Bank publishes updated information on licensed entities and regulatory notices.
Why Choose Global IME Bank for Remittance Partner
Global IME Bank is one of the licensed commercial banks authorized by Nepal Rastra Bank to handle remittance inflows.
The Global IME Bank offers remittance facilities to the Nepalese working overseas through partnerships with other international entities and through the bank’s own banking channel.
The bank facilitates remittance inflows from countries including the USA, UK, Canada, Australia, Malaysia, South Korea, Japan, Saudi Arabia, Qatar, UAE, Bahrain, Kuwait, India, and Jordan, among others.
Safe and Secure Remittance Service
The Global IME Bank offers formal banking and remittance channels to transfer money to Nepal. This gives customers a documented way to transfer funds while using established banking processes. Also sender and receiver can track the status of transactions which make it ever more transparent and accountable.
Multiple Partners and Wide International Presence
Global IME Bank collaborates with various remittance partners and financial institutions in different countries, enabling Nepali people abroad to transfer money back home. You can check the official partner and overseas representative officer’s details from the websites by selecting the respective countries.
Regarding international bank transfers, Global IME Bank offers correspondent banking details and SWIFT details related to supported currencies and financial institutions.
Receive Money Directly in Bank Account
In case the beneficiary has an eligible bank account, remittance can be received directly into their bank account using banking channels.
This will help the individual avoid visiting a physical remittance counter and will make it easy for them to stay in the formal banking system.
Global IME Bank also offers a dedicated remittance account Global Remit Savings Account where senders can directly receive amounts in their own accounts and Global IME Remitters Term Deposit Account where migrant workers/ beneficiaries can earn premium interest on fixed deposits .
Anytime Customer Support
It is essential to get quick support whenever necessary. Global IME Bank provides 24 hours support. Also the bank has a special Non-Resident and Overseas Banking Department which provides necessary banking services for Nepalese people residing outside Nepal.
Remit Karja Services for Eligible Customers
Remittance made through the banking system can also provide other financial services to eligible customers.
Global Remit Karja of Global IME Bank is a digital collateral free loan facility offered by the bank to eligible Nepali migrants. It can be availed through the Global Smart Plus mobile application.
How to send money to Nepal?
Choose the official partners from the respective country or you can use the mobile app or websites of those partners.
Enter the necessary information details like recipient name, bank accounts details, amount.
Select Global Remit or Global IME Bank for the remittance service.
Review the amount, exchange rate, transfer fees and other terms and conditions.
Confirm the transaction and keep the reference number.
Guidelines for Safe Money Transfer to Nepal
Here are some guidelines before transferring money internationally:
- Always opt for a licensed bank/transfer organization to carry out the task.
- Always make sure that the identity and bank account number of the recipient is verified.
- Check the existing currency conversion rate and money transfer charges.
- Make sure to save the receipt/reference number.
- Do not give out any details that can identify you personally such as OTP, PIN, and password.
- Inform the recipient that you have made the transfer.
- Any delay or issue should be reported to the customer support team.
Always Choose a Safe Route for Sending Money Home
If you send money to Nepal, then it will be more secure if you choose a legitimate route for this purpose. It will make the process more secure and reliable.
Frequently Asked Questions
What is the most secure way to send money to Nepal?
It is safer to use a formal channel like a bank to send money to Nepal. This allows proper transaction record, official customer support if needed.
Can I send money to Nepal directly to a bank account?
Yes, You can directly send and deposit the remittance money in a bank account.
How much time does it take to send money to Nepal?
It depends on many factors like service provider, transfer methods, compliance issues and banking procedure.
Is Hundi a secure way to transfer money?
Hundi is a non-formal mode of money transfer and does not offer the same security as official banks or remittance services. To ensure transparency and accountability, it is better to use an officially licensed bank.
Can I track money sent to Nepal?
Many formal remittance services provide a transaction reference or receipt that can be used to check or follow up transactions. If you are using Global IME Bank as a service provider you can check the transaction status through Remit Tracker.
