How to send money to Nepal from Canada with the best CAD-NPR rate

Remitly is the cheapest way to send money from Canada to Nepal based on the 10 companies we analyzed, giving your recipient 108,960 NPR from CA$1,000.

Best companies for CAD/NPR transfers

10 of 10 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/NPR transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $15.22 1 CAD = 108.3560 NPR -0.01% vs mid-market Recipient gets Rs 106,707.00 Same day
Receive to bank accountDedicated support for large transfers

Ways to receive money in Nepal with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$15.221 CAD = 108.3560 NPR
Rs 106,707.00You pay$1,000.00
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WorldRemit

Pay via Debit Card
Fees: $1.49 1 CAD = 105.4902 NPR +2.67% vs mid-market Recipient gets Rs 105,333.00 Next Day
Receive to bank account or cash pickup

Ways to receive money in Nepal with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
$1.491 CAD = 105.4902 NPR
Rs 105,333.00You pay$1,000.00
Cash pickupNext Day
$1.491 CAD = 105.2635 NPR
Rs 105,106.62You pay$1,000.00
Mobile moneyNext Day
$1.491 CAD = 105.2635 NPR
Rs 105,106.62You pay$1,000.00

Run a live search

Showing top Canada to Nepal deals for 1,000 CAD. Do a live search with your exact amount for today's best rates.

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 108.9600 NPR -0.57% vs mid-market Recipient gets Rs 108,960.00 Within a week
Cheapest
Receive to bank account or cash pickup

Ways to receive money in Nepal with Remitly when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 108.9600 NPR
Rs 108,960.00You pay$1,000.00
Cash pickupWithin a week
Free1 CAD = 108.9600 NPR
Rs 108,960.00You pay$1,000.00
Mobile walletWithin a week
Free1 CAD = 108.9600 NPR
Rs 108,960.00You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 108.9600 NPR -0.57% vs mid-market Recipient gets Rs 108,960.00 Within a week
Receive to bank account or cash pickup

Ways to receive money in Nepal with Remitly when paying by interac.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 108.9600 NPR
Rs 108,960.00You pay$1,000.00
Cash pickupWithin a week
Free1 CAD = 108.9600 NPR
Rs 108,960.00You pay$1,000.00
Mobile walletWithin a week
Free1 CAD = 108.9600 NPR
Rs 108,960.00You pay$1,000.00

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 108.4000 NPR -0.05% vs mid-market Recipient gets Rs 108,400.00 Within a week
Receive to bank account or cash pickup

Ways to receive money in Nepal with Remitly when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 108.4000 NPR
Rs 108,400.00You pay$1,000.00
Cash pickupWithin a week
Free1 CAD = 108.4000 NPR
Rs 108,400.00You pay$1,000.00
Mobile walletWithin a week
Free1 CAD = 108.4000 NPR
Rs 108,400.00You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 108.4000 NPR -0.05% vs mid-market Recipient gets Rs 108,400.00 Within a week
Receive to bank account or cash pickup

Ways to receive money in Nepal with Remitly when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin a week
$20.001 CAD = 108.4000 NPR
Rs 108,400.00You pay$1,020.00
Cash pickupWithin a week
$20.001 CAD = 108.4000 NPR
Rs 108,400.00You pay$1,020.00
Mobile walletWithin a week
$20.001 CAD = 108.4000 NPR
Rs 108,400.00You pay$1,020.00

Instarem

Pay via Interac
Fees: $0.00 1 CAD = 108.1851 NPR +0.15% vs mid-market Recipient gets Rs 108,185.10 6-12 Hours
Receive to bank account

Ways to receive money in Nepal with Instarem when paying by interac.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 108.1851 NPR
Rs 108,185.10You pay$1,000.00

Koho

Pay via Bank Transfer
Fees: $5.62 1 CAD = 108.3476 NPR 0.00% vs mid-market Recipient gets Rs 107,738.41 Next day
Receive to bank account

Ways to receive money in Nepal with Koho when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:Bank Transfer
$5.621 CAD = 108.3476 NPR
Rs 107,738.41You pay$1,000.00

Remitbee

Pay via Debit Card
Fees: $0.00 1 CAD = 107.2151 NPR +1.05% vs mid-market Recipient gets Rs 107,215.10 Next Day
0 reviews

Ways to receive money in Nepal with Remitbee when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 107.2151 NPR
Rs 107,215.10You pay$1,000.00

Remitbee

Pay via Interac
Fees: $0.00 1 CAD = 107.2151 NPR +1.05% vs mid-market Recipient gets Rs 107,215.10 Next Day
0 reviews

Ways to receive money in Nepal with Remitbee when paying by interac.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 107.2151 NPR
Rs 107,215.10You pay$1,000.00

Remitbee

Pay via Bill payment
Fees: $0.00 1 CAD = 107.2151 NPR +1.05% vs mid-market Recipient gets Rs 107,215.10 Next Day
0 reviews

Ways to receive money in Nepal with Remitbee when paying by bill payment.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 107.2151 NPR
Rs 107,215.10You pay$1,000.00

Remitbee

Pay via Bank Transfer
Fees: $0.00 1 CAD = 107.2151 NPR +1.05% vs mid-market Recipient gets Rs 107,215.10 Next Day
0 reviews

Ways to receive money in Nepal with Remitbee when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 107.2151 NPR
Rs 107,215.10You pay$1,000.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 106.9748 NPR +1.27% vs mid-market Recipient gets Rs 106,974.79 6-12 Hours

Ways to receive money in Nepal with Paysend when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 106.9748 NPR
Rs 106,974.79You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 106.9748 NPR +1.27% vs mid-market Recipient gets Rs 106,974.79 6-12 Hours

Ways to receive money in Nepal with Paysend when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 106.9748 NPR
Rs 106,974.79You pay$1,000.00

Wise

Pay via Bank Transfer
Fees: $15.22 1 CAD = 108.3560 NPR -0.01% vs mid-market Recipient gets Rs 106,707.00 Same day
Recommended
Receive to bank accountDedicated support for large transfers

Ways to receive money in Nepal with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$15.221 CAD = 108.3560 NPR
Rs 106,707.00You pay$1,000.00

Panda Remit

Pay via Bank Transfer
Fees: $8.99 1 CAD = 107.6412 NPR +0.65% vs mid-market Recipient gets Rs 106,673.51 6-12 Hours
0 reviews

Ways to receive money in Nepal with Panda Remit when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$8.991 CAD = 107.6412 NPR
Rs 106,673.51You pay$1,000.00

TapTap Send

Pay via Debit Card
Fees: $0.00 1 CAD = 106.5000 NPR +1.72% vs mid-market Recipient gets Rs 106,500.00 Minutes
Fastest
Receive to bank account

Ways to receive money in Nepal with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 CAD = 106.5000 NPR
Rs 106,500.00You pay$1,000.00
Cash pickupMinutesAvailable via:City Express Cash Pickup
Free1 CAD = 106.5000 NPR
Rs 106,500.00You pay$1,000.00
Mobile walletMinutesAvailable via:IME Pay, Khalti by IME, PrabhuPAY, eSewa
Free1 CAD = 106.5000 NPR
Rs 106,500.00You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $1.49 1 CAD = 106.4693 NPR +1.75% vs mid-market Recipient gets Rs 106,469.30 6-12 Hours

Ways to receive money in Nepal with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.491 CAD = 106.4693 NPR
Rs 106,469.30You pay$1,001.49
Bank deposit6-12 HoursAvailable via:All Banks
$1.491 CAD = 106.4671 NPR
Rs 106,467.10You pay$1,001.49
Cash pickup6-12 Hours
$5.991 CAD = 106.4664 NPR
Rs 106,466.40You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $1.49 1 CAD = 106.4693 NPR +1.75% vs mid-market Recipient gets Rs 106,469.30 6-12 Hours

Ways to receive money in Nepal with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.491 CAD = 106.4693 NPR
Rs 106,469.30You pay$1,001.49
Bank deposit6-12 HoursAvailable via:All Banks
$1.491 CAD = 106.4671 NPR
Rs 106,467.10You pay$1,001.49
Cash pickup6-12 Hours
$5.991 CAD = 106.4664 NPR
Rs 106,466.40You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $1.49 1 CAD = 106.4693 NPR +1.75% vs mid-market Recipient gets Rs 106,469.30 6-12 Hours

Ways to receive money in Nepal with MoneyGram when paying by cash deposit.

MethodFee & ratesRecipient gets
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.491 CAD = 106.4693 NPR
Rs 106,469.30You pay$1,001.49
Bank deposit6-12 HoursAvailable via:All Banks
$1.491 CAD = 106.4671 NPR
Rs 106,467.10You pay$1,001.49
Cash pickup6-12 Hours
$5.991 CAD = 106.4664 NPR
Rs 106,466.40You pay$1,005.99

Wise

Pay via Interac
Fees: $20.86 1 CAD = 108.3560 NPR -0.01% vs mid-market Recipient gets Rs 106,096.00 Within minutes
Receive to bank accountDedicated support for large transfers

Ways to receive money in Nepal with Wise when paying by interac.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$20.861 CAD = 108.3560 NPR
Rs 106,096.00You pay$1,000.00

Wise

Pay via Debit Card
Fees: $26.07 1 CAD = 108.3560 NPR -0.01% vs mid-market Recipient gets Rs 105,531.00 Within minutes
Receive to bank accountDedicated support for large transfers

Ways to receive money in Nepal with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$26.071 CAD = 108.3560 NPR
Rs 105,531.00You pay$1,000.00
Only available via Mobile App

WorldRemit

Pay via Debit Card
Fees: $1.49 1 CAD = 105.4902 NPR +2.67% vs mid-market Recipient gets Rs 105,333.00 Next Day
Receive to bank account or cash pickup

Ways to receive money in Nepal with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
$1.491 CAD = 105.4902 NPR
Rs 105,333.00You pay$1,000.00
Cash pickupNext Day
$1.491 CAD = 105.2635 NPR
Rs 105,106.62You pay$1,000.00
Mobile moneyNext Day
$1.491 CAD = 105.2635 NPR
Rs 105,106.62You pay$1,000.00

Wise

Pay via Credit Card
Fees: $40.60 1 CAD = 108.3560 NPR -0.01% vs mid-market Recipient gets Rs 103,957.00 Within minutes
Receive to bank accountDedicated support for large transfers

Ways to receive money in Nepal with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$40.601 CAD = 108.3560 NPR
Rs 103,957.00You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 108.3445 NPR Updates every 60 minutes.

How to send money from Canada to Nepal

Pick a company

Start with the cheapest, which is Remitly at 108,960 NPR on CA$1,000.

Remitly was the cheapest on 15 of the 29 days it quoted CA$1,000 transfers to Nepal.

More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.

Fund your transfer

You have 6 ways to pay, including debit card, bank transfer, interac, credit card, bill payment, and cash deposit.

Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.

Verify and send

First time round you'll need a photo ID, and often where the money came from.

Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.

Compare amounts

How much CAD are you sending to Nepal?

How much CAD you send to Nepal heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Remitly was the cheapest in 48% of the transfers up to C$1,000 it quoted, and in 42% of all the transfers it quoted.

Cheapest service
$100-0.51%$0.00Rs 10,892.00with bank transfer to bank deposit+Rs 333.71
$500-0.49%$0.00Rs 54,460.00with bank transfer to bank deposit+Rs 1,047.56
$1,000This page-0.57%$0.00Rs 108,960.00with bank transfer to bank deposit+Rs 1,975.50
$3,0000.06%$12.62Rs 323,556.28with bank transfer to bank deposit+Rs 3,336.04
$10,0000.27%$0.00Rs 1,080,669.85with bank transfer to bank deposit+Rs 11,134.21
$50,0000.25%$0.00Rs 5,405,991.05with bank transfer to bank deposit+Rs 61,390.24

Mid-market rate: 1 CAD = 108.3445 NPR

CAD/NPR Exchange Rate History

Is today a good time to send money from Canada to Nepal?

The cheapest way to send CAD to NPR can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Remitly), across 30 days of comparisons for 1,000 CAD transfers to Nepal.

NPR received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rateRs 108,344.54 Remitly Rs 108,960.00RemitlyRs 108,960.00InstaremRs 108,185.10KohoRs 107,738.41

105,000
106,000
107,000
108,000
109,000
110,000
At the mid-market rateWith the cheapest optionRemitlyInstaremKoho
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.2733 – Rs 108,273.29
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 1,192.41
Koho 108.3533 $5.62 Rs 107,744.08 −Rs 529.21
Remitly 106.4700 $0.00 Rs 106,470.00 −Rs 1,803.29
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.2943 – Rs 108,294.30
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 1,171.40
Koho 108.2622 $5.62 Rs 107,653.49 −Rs 640.81
Remitly 106.4400 $0.00 Rs 106,440.00 −Rs 1,854.30
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.9172 – Rs 107,917.16
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 1,548.54
Koho 107.8284 $5.62 Rs 107,222.13 −Rs 695.03
Remitly 105.9500 $0.00 Rs 105,950.00 −Rs 1,967.16
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 109.0212 – Rs 109,021.23
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 444.47
Koho 108.3679 $5.62 Rs 107,758.60 −Rs 1,262.63
Remitly 106.5500 $0.00 Rs 106,550.00 −Rs 2,471.23
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.7670 – Rs 108,767.02
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 698.68
Koho 108.1170 $5.62 Rs 107,509.11 −Rs 1,257.91
Remitly 106.2800 $0.00 Rs 106,280.00 −Rs 2,487.02
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.5449 – Rs 108,544.95
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 920.75
Koho 108.1170 $5.62 Rs 107,509.11 −Rs 1,035.84
Remitly 106.2800 $0.00 Rs 106,280.00 −Rs 2,264.95
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.5159 – Rs 108,515.87
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 949.83
Koho 107.9229 $5.62 Rs 107,316.10 −Rs 1,199.77
Remitly 106.0400 $0.00 Rs 106,040.00 −Rs 2,475.87
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.6104 – Rs 107,610.39
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 1,855.31
Instarem 107.8615 $0.00 Rs 107,861.50 +Rs 251.11
Koho 108.0235 $5.62 Rs 107,416.13 −Rs 194.26
Remitly 106.1900 $0.00 Rs 106,190.00 −Rs 1,420.39
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.3705 – Rs 108,370.52
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 1,095.18
Instarem 108.6324 $0.00 Rs 108,632.40 +Rs 261.88
Koho 108.7956 $5.62 Rs 108,183.89 −Rs 186.63
Remitly 106.9300 $0.00 Rs 106,930.00 −Rs 1,440.51
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.4613 – Rs 108,461.25
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 1,004.45
Koho 108.5981 $5.62 Rs 107,987.50 −Rs 473.75
Remitly 106.7200 $0.00 Rs 106,720.00 −Rs 1,741.25
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.5288 – Rs 108,528.75
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 936.95
Remitly No quote collected this day – – – –
Instarem No quote collected this day – – – –
Koho No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.4610 – Rs 108,460.97
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 1,004.73
Instarem 108.3716 $0.00 Rs 108,371.60 −Rs 89.37
Koho 108.5344 $5.62 Rs 107,924.16 −Rs 536.81
Remitly 106.6900 $0.00 Rs 106,690.00 −Rs 1,770.97
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.4610 – Rs 108,460.97
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 1,004.73
Koho 108.5344 $5.62 Rs 107,924.16 −Rs 536.81
Remitly 106.6900 $0.00 Rs 106,690.00 −Rs 1,770.97
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.5311 – Rs 108,531.10
Remitbee Cheapest 109.4657 $0.00 Rs 109,465.70 +Rs 934.60
Koho 107.5325 $5.62 Rs 106,927.89 −Rs 1,603.21
Remitly 105.7300 $0.00 Rs 105,730.00 −Rs 2,801.10
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.5561 – Rs 107,556.13
Paysend Cheapest 107.6443 $0.00 Rs 107,644.29 +Rs 88.16
Remitly 107.0300 $0.00 Rs 107,030.00 −Rs 526.13
Koho 106.8209 $5.62 Rs 106,220.29 −Rs 1,335.84
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.0609 – Rs 107,060.87
Remitly Cheapest 107.3300 $0.00 Rs 107,330.00 +Rs 269.13
Koho 106.9322 $5.62 Rs 106,330.97 −Rs 729.90
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.0815 – Rs 107,081.55
Remitly Cheapest 107.2400 $0.00 Rs 107,240.00 +Rs 158.45
Koho 106.9489 $5.62 Rs 106,347.57 −Rs 733.98
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.2485 – Rs 107,248.51
Remitly Cheapest 107.8800 $0.00 Rs 107,880.00 +Rs 631.49
Koho 107.2582 $5.62 Rs 106,655.14 −Rs 593.37
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.4209 – Rs 107,420.86
Remitly Cheapest 108.0500 $0.00 Rs 108,050.00 +Rs 629.14
Koho 107.4388 $5.62 Rs 106,834.72 −Rs 586.14
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.4209 – Rs 107,420.86
Remitly Cheapest 108.0500 $0.00 Rs 108,050.00 +Rs 629.14
Instarem 107.2776 $0.00 Rs 107,277.60 −Rs 143.26
Koho 107.4388 $5.62 Rs 106,834.72 −Rs 586.14
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.0860 – Rs 108,086.00
Remitly Cheapest 108.1400 $0.00 Rs 108,140.00 +Rs 54.00
Koho 107.6034 $5.62 Rs 106,998.40 −Rs 1,087.60
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.8229 – Rs 107,822.91
Remitly Cheapest 108.5100 $0.00 Rs 108,510.00 +Rs 687.10
Instarem 107.6993 $0.00 Rs 107,699.30 −Rs 123.60
Koho 107.8611 $5.62 Rs 107,254.65 −Rs 568.26
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.8658 – Rs 107,865.76
Remitly Cheapest 108.3500 $0.00 Rs 108,350.00 +Rs 484.24
Instarem 107.5898 $0.00 Rs 107,589.80 −Rs 275.96
Koho 107.7514 $5.62 Rs 107,145.56 −Rs 720.20
Exchange rateFees:Recipient getsDifference
Mid-market rate 107.8604 – Rs 107,860.42
Remitly Cheapest 108.6200 $0.00 Rs 108,620.00 +Rs 759.58
Instarem 107.8813 $0.00 Rs 107,881.30 +Rs 20.88
Koho 108.0434 $5.62 Rs 107,435.92 −Rs 424.50
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.0992 – Rs 108,099.23
Remitly Cheapest 109.0400 $0.00 Rs 109,040.00 +Rs 940.77
Instarem 108.1922 $0.00 Rs 108,192.20 +Rs 92.97
Koho 108.3547 $5.62 Rs 107,745.47 −Rs 353.76
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.3447 – Rs 108,344.72
Remitly Cheapest 109.0600 $0.00 Rs 109,060.00 +Rs 715.29
Koho 108.4613 $5.62 Rs 107,851.47 −Rs 493.24
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.3447 – Rs 108,344.72
Remitly Cheapest 109.0600 $0.00 Rs 109,060.00 +Rs 715.29
Koho 108.4613 $5.62 Rs 107,851.47 −Rs 493.24
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.1346 – Rs 108,134.61
Remitly Cheapest 109.2700 $0.00 Rs 109,270.00 +Rs 1,135.39
Koho 108.6562 $5.62 Rs 108,045.28 −Rs 89.33
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.7902 – Rs 108,790.23
Remitly Cheapest 109.2200 $0.00 Rs 109,220.00 +Rs 429.77
Instarem 108.4153 $0.00 Rs 108,415.30 −Rs 374.93
Koho 108.5782 $5.62 Rs 107,967.71 −Rs 822.52
Exchange rateFees:Recipient getsDifference
Mid-market rate 108.3445 – Rs 108,344.54
Remitly Cheapest 108.9600 $0.00 Rs 108,960.00 +Rs 615.46
Instarem 108.1851 $0.00 Rs 108,185.10 −Rs 159.44
Koho 108.3476 $5.62 Rs 107,738.41 −Rs 606.13

Exchange rateFees:Recipient getsDifference

Each line shows what the recipient gets when you send $1,000, after fees, as quoted by each company. The mid-market line shows what $1,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more NPR per CAD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 30 of the last 30 days.

Right now, Remitly pays 108,960 NPR on 1,000 CAD, which is 615.46 NPR more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout isn't the best this month though, since the highest receive amount was 109,465.7 NPR.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

If you need to send money now, it's a good time to send.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Nepal.

We've tracked 180 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.

  1. RemitlyAppeared in 101 comparisons

    Cheapest in 42% of them

  2. InstaremAppeared in 20 comparisons

    Never the cheapest

  3. KohoAppeared in 142 comparisons

    Cheapest in 12% of them

Based on 180 comparisons across 6 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Remitly is the cheapest and gets you the most NPR, but it was the cheapest in only 42% of the 101 comparisons it appeared in over the past month.

If it's a one-off transfer, go with Remitly, since it's the cheapest right now.

Ways to send money from Canada to Nepal

There are 10 companies sending money to Nepal, but how you send depends on your needs.

Most common option

In-person transfers

Hand your cash over the counter and your recipient can collect it the same day without needing an app or bank account.

Bring CA$1,000 in cash to the closest Remitly location, and your recipient picks up 108,960 NPR within minutes.

Our data shows Remitly came out cheapest among in-person options on 55% of days in the past month.

Cash transfers cost more

Cash transfer to Nepal is usually the most expensive option, compare your options above to get the best deal.

For transfers home

Money transfer apps

An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.

Remitly charges CA$0 in fees and adds -0.57% markup, so your CA$1,000 delivers 108,960 NPR in within a week.

Over the past month, Remitly was the cheapest app on 52% of the days it appeared for CA$1,000 transfers.

You don't need a SIN to sign up either, a passport works.

For one-off transfers

Online transfers

For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.

Of the 10 companies we compared, Remitly is the cheapest online service and currently gets you 108,960 NPR on a CA$1,000 transfer after a CA$0 fee and -0.57% markup.

In our comparisons over the past month, it was the cheapest online service on 15 of the 29 days it quoted.

Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.

For large transfers from Canada

Currency brokers

For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.

For large transfers (CA$15,000+), brokers like Currencies Direct or RegencyFX charge no fee, but add a margin that gets lower the more you send. Run a live search with your real amount to see it.

If you're sending large amounts, expect more questions about the transfers, so have statements and documents ready to avoid delays.

If you already have one

Challenger banks

Some neobanks in Canada include international transfers with no transfer fee as part of the account.

Koho sends your CA$1,000 for CA$5.62 in fees with 0% markup.

It's a good option for small occasional transfers, but I still suggest .

Our data shows Koho came out cheapest among challenger banks on 100% of days in the past month.

For businesses paying abroad

Global accounts

Global accounts handle the business side, paying suppliers, contractors and overseas invoices in NPR.

Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.

For spending abroad and getting paid

Multi-currency accounts

If part of your life runs in NPR, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.

Wise lets you hold CAD and NPR, and convert between them at low cost.

For example, converting $1,000 costs $15.22 in fees at -0.01% markup, which gets you 106,707 NPR.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Ways to fund CAD and receive NPR in Nepal

With Remitly, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 108,960 NPR.

Deposit CAD using debit card, bank transfer, interac, credit card, bill payment, and cash deposit.

I suggest using Interac e-Transfer for simplicity

Follow the company's Interac instructions and check the business name before sending.

Do not send to an email address supplied outside the company's app or website.

The recipient can receive NPR through bank deposit, cash pickup, mobile wallet, and mobile money.

For a bank deposit payout, you will need the recipient's bank details in Nepal.

  1. 1
    Bank transfer Bank deposit

    You pay CA$1,000.00

    NRs108,960

    Cheapest

  2. 2
    Bank transfer Cash pickup

    You pay CA$1,000.00

    NRs108,960

    NRs0

  3. 3
    Bank transfer Mobile wallet

    You pay CA$1,000.00

    NRs108,960

    NRs0

  4. 4
    Interac Bank deposit

    You pay CA$1,000.00

    NRs108,960

    NRs0

  5. 5
    Interac Cash pickup

    You pay CA$1,000.00

    NRs108,960

    NRs0

Show moreShow less
  1. 6
    Interac Mobile wallet

    You pay CA$1,000.00

    NRs108,960

    NRs0

  2. 7
    debit card Bank deposit

    You pay CA$1,000.00

    NRs108,400

    -NRs560

  3. 8
    debit card Cash pickup

    You pay CA$1,000.00

    NRs108,400

    -NRs560

  4. 9
    debit card Mobile wallet

    You pay CA$1,000.00

    NRs108,400

    -NRs560

  5. 10
    credit card Bank deposit

    You pay CA$1,020.00

    NRs108,400

    -NRs560

  6. 11
    credit card Cash pickup

    You pay CA$1,020.00

    NRs108,400

    -NRs560

  7. 12
    credit card Mobile wallet

    You pay CA$1,020.00

    NRs108,400

    -NRs560

  8. 13
    Bill payment Bank deposit

    You pay CA$1,000.00

    NRs107,215

    -NRs1,745

  9. 14
    Cash deposit Mobile wallet

    You pay CA$1,001.49

    NRs106,469

    -NRs2,491

  10. 15
    Cash deposit Bank deposit

    You pay CA$1,001.49

    NRs106,467

    -NRs2,493

  11. 16
    Cash deposit Cash pickup

    You pay CA$1,005.99

    NRs106,466

    -NRs2,494

  12. 17
    debit card Mobile money

    You pay CA$1,000.00

    NRs105,107

    -NRs3,853

Consider this when sending CAD to Nepal

Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.

Compare CAD/NPR transfer options

For a CA$1,000 transfer to Nepal, these are the cheapest, fastest and easiest options available now.

Best way to send money to Nepal

Remitly is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 108,960 NPR, which is 0.71% more than the next best option.

Fastest way to send money to Nepal

TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 106,500 NPR in minutes.

Interac only works inside Canada

An Interac e-Transfer cannot go directly to a recipient in Nepal.

When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.

C$10,000 reporting threshold

There is no C$10,000 legal cap on electronic transfers from Canada.

A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.

The bank or transfer company makes that report, you do not file it yourself.

But you may be asked for proof of where the money came from.

Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.

Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.

CDIC protection

Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.

Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.

If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.

If you live in Quebec, also confirm that it is allowed to provide money services there.

How we analyse the market

Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.

That covers 10 FINTRAC-registered companies sending CAD to Nepal, updated in real time during a live search, compared on rates, fees and how your recipient can collect.

In the past 30 days alone, we analyzed 180 comparisons across 6 amounts.

This page covers the cheapest and fastest options for CAD/NPR transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each goes through our review. More on who we are, why you can trust us and getting started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.