Not sure which service fits?
Pratik Shrestha, Financial Advisor — All Products — free, no pressure, no obligation to apply.
Helped 410+ people with questions like this2 services found across 4 categories
? Remittance Service
Kumari Bank
Kumari Remit
Service Charge1.25%
Transfer LimitNPR 3,00,000
Processing1-2 business days
NIC Asia Bank
NIC Asia Remit
Service Charge1.00%
Transfer LimitNPR 5,00,000
ProcessingInstant to 24 hours
Know Before You Apply
What these services actually cost
Bank services rarely have one "headline rate" like a loan does — the real cost shows up in a few specific places.
-
Percentage vs. flat chargesA percentage-based fee scales with your transaction — a flat fee doesn't. Check which applies before comparing numbers directly.
-
Security depositsLocker and trade finance services often need a refundable deposit on top of the quoted rent or margin.
-
Processing timeInstant forex and remittance exist alongside multi-day options — faster isn't always cheaper.
-
DocumentationTrade finance and remittance usually need more paperwork than a locker or forex counter — ask upfront.
Common questions
From people using bank services in Nepal.
How long does it take to process a remittance transfer?
Domestic transfers are often instant to a few hours; international remittances typically take a few hours to 2 business days.
What documents are needed to rent a locker?
Usually your citizenship/ID and an active account with the bank; some banks also ask for a passport photo.
How are foreign exchange rates determined?
Rates are set based on the interbank foreign exchange market and updated daily (sometimes multiple times a day) by each bank.
What is a letter of credit used for?
A letter of credit is a bank guarantee used in trade to assure a seller that payment will be made once agreed conditions are met.
Can individuals use trade finance services, or only businesses?
Trade finance is mainly used by businesses and importers/exporters, though some banks offer scaled-down facilities for individuals.