Posted by: furke November 24, 2016
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@Santosh,
I sent money through BofA to NMB bank in Nepal. The money first went to the main branch in Kathmandu. Then the Kathmandu branch deposited the money in my dad's account which was a branch office. It took only 24 hours. I think the bank deducted about $10 which was just fine as he got the Rastra Bank's exchange rate. Moneygram, western union and other transfers don't honor Rastra Bank Rate so it was beneficial even after paying $55 in fees.
I sent money through BofA to NMB bank in Nepal. The money first went to the main branch in Kathmandu. Then the Kathmandu branch deposited the money in my dad's account which was a branch office. It took only 24 hours. I think the bank deducted about $10 which was just fine as he got the Rastra Bank's exchange rate. Moneygram, western union and other transfers don't honor Rastra Bank Rate so it was beneficial even after paying $55 in fees.