[Show all top banners]

Replies to this thread:

More by life2live
What people are reading
:: Subscribe
Back to: Kurakani General Refresh page to view new replies
 Exchange rate of wire transfer
SAVE! for ease of future access.
Posted on 07-09-17 1:55 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    

I recently used Bank of America wire transfer to transfer funds to Nepal. The online exchange rate was NRs.103.35. However, when I completed transfer the rate given was NRs. 97.56. This is much less and makes lot of difference for big transfer. I was wondering why the rate is so different? If someone has done wire transfer, could you shed some light on this.

Posted on 07-09-17 5:16 PM     [Snapshot: 67]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    

Before you initiate a transfer with BOA, you gotta tell the agent that you want to send the money in USD not Rs. This way recepient in Nepal will get the exchange rate of the bank in Nepal, usually Rastra Bank rate.

Posted on 07-09-17 11:38 PM     [Snapshot: 144]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    

I doubt the rate would be 97.56. I am not sure about BOA but I have done several wires through Chase which usually charges about $45 flat. The only option to send it to Nepal is in USD, there is no NPR like furke said. However if you are sending small amount it would not make sense since I calculated that about $25 is lost in the middle.. maybe the bank in Nepal charges that amount.. but other than that exchange rate has been pretty accurate to the NRB.

Posted on 07-10-17 12:00 AM     [Snapshot: 159]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    

Mr. D,
Bank of America is different. I learnt that few months ago. They charge $45 wire transfer fee to send in USD and less (around $35 or less) to send in NPR. They eat that exchange rate difference when sending in NPR. Nepalese banks may charge only a small fee. They won't eat up your exchange rate.
Posted on 07-10-17 5:43 AM     [Snapshot: 199]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    

Thanks guys for your input. I will try sending it in USD. Will update the difference.
Posted on 07-10-17 9:28 AM     [Snapshot: 256]     Reply [Subscribe]
Login in to Rate this Post:     1       ?     Liked by

Last time someone mentioned about PayPal, which give you more and less fees are charges.

Posted on 07-10-17 6:31 PM     [Snapshot: 355]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    

@life2live give me your contact detail I need usd I give you nepal rupees my contact is 9808615327

Please Log in! to be able to reply! If you don't have a login, please register here.



Within last 365 days
Recommended Popular Threads Controvertial Threads
What stocks to buy -- Any recommendation
yo sajha bros, anyone got any update on TPS?
🙏 दलाल स्ट्रिट 🙏
हेरेको तिमीलाइ आँखाले हैन।
जोडि त भाग्यले जुराउँछ - हिरोइन स्वेताले यसरि दोश्रो पटक बिहे गर्न लागिन
Conservative discussions
ॐ श्री स्वस्थानी ब्रत कथा
लौ .. संसद नै बिघठन गरिदिएछन ओलिबाले
उस्तै उस्तै हामी
Looking for Potential Match
U.S State Dept for Nepal - Level 4: Do Not Travel Nepal #TPS
Love Letters From The Past--SITARA
Ushering in new era of communism ...
Rain Rain .. Raut
Fox News: Wear the Damn Mask, it is not political issue but a public health issue.
Photo of the day
Amby Writes:- My Caffeine Indulgence- I
What stocks to buy now in 2021?
Nas and The Bokas: Coming to a Night Club near you
sarai chada vaye keti haru
नेपाल र अफगानिस्थानको टि पि एस रिडेजिकनेसन साथसाथै हने कुरो छ
is Rato Bangala school cheating?
विद्या तेरो सिन्दूर खोइ, केपी ओली तेरो पोइ ..
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.

Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters