Updated time: Nov 01, 2022, 07:41 (UTC+03:00)
If you don’t know how to send money from Croatia to Nepal, this article will help you with detailed information.
Based on the information given, you will choose the best way to send money from Croatia to Nepal.
Most countries in the European Union are using the Euro as their legal tender, but Croatia still uses the Kuna (HRK).
In spite of joining the EU in 2013, Croatia hasn’t yet adopted the Euro as its official currency. The Euro will only be introduced in 2023.
The Nepalese Rupee (NPR) is the official currency of Nepal, issued by Nepal Rastra Bank, the central bank of Nepal.
How to send money from Croatia to Nepal [updated in 2022]
The volume of trade between Nepal and Croatia is modest. With 3.5 million Nepalese living and working abroad (including in Croatia), transfers to Nepal have increased over recent years, accounting for more than 24% of the country’s GDP or more than $8 billion US Dollars in 2020.
Basically, You have a couple of key choices when sending money from Croatia to Nepal: use your normal bank, or pick an online provider or other local alternative payment methods available in Croatia.
Here are 2 effective ways widely used by many people:
Bank transfer is one of the most convenient methods to send money from Croatia to Nepal. However, this convenience often comes with high cost, because banks apply high fees and unfavorable exchange rates.
Generally speaking, banks tend to charge higher fees compared to other payments. It is possible that the HRK to NPR exchange rate from your bank may not be the most optimal.
While traditional banks can be a familiar way to send money from Croatia to Nepal, they’re seldom the fastest. Banks may take 3 - 5 business days to receive your money where it needs to be.
Here’s a brief of 4 simple steps to send a bank transfer from Croatia to Nepal:
Create an account
Pick the suitable provider and register – this can be proceeded online or offline.
To make your account safe you have to provide some paperwork. You can be required to upload images of ID and address to verify. You need to provide accurate details to ensure your payment is smooth.
You can add funds to your account local bank transfers. This is the easiest way to add money to your account for international transfers.
Add beneficiary details and transfer
Input your beneficiary bank account details, reconfirm the amount and currency you’re sending and get started with transfers.
If you plan to send a large amount of money in Nepal, you should check carefully if your bank has limits on international transfers.
Keep it in your mind if you’re transferring money to someone else’s bank account, their bank can charge processing or receiving fees, so check all information before sending.
With the boom of different Fintech startups in remittances, it’s worth considering if you should still use your bank for sending money from Croatia to Nepal.
Sending money from Croatia to Nepal now is not a hard process. Unlike in the past when getting money internationally used to be slow and complicated. At present, it becomes easy, secure, convenient and fast with an online money transfer provider.
Although the distance between Nepal and Croatia is more than 6000 km, you can send money from Croatia to Nepal within a few minutes with an online money transfer provider.
You can do this within the comforts of your living room without waiting in a queue in a traditional bank.
When choosing how to make your overseas money transfer, check all transfer fees, the exchange rates, and what third party charges can join, to identify your suitable provider.
It can spend a lot of time researching money transfer providers and comparing the best rate of foreign exchange. To save your time and narrow down the list, here are some reputable online transfer providers you need to know before picking one of them.
DNBC Financial Group enables a transaction limit of up to 500 000 EUR per day for a business account. DNBC supplies the customers with transfer alternatives at the lowest possible rate and shortening your waiting time.
The beneficiary can get the remitted money in one-three days. Especially in some cases, the beneficiary can receive their money in minutes.
It’s vital when there is an emergency, and you have to get the money from Croatia to Nepal without waiting.
Some other money transfer services offer debit card transfers such as Wise, TorfX, Currencies Direct, Remitley, InstaReM, WorldRemit, Currency Fair and Xoom
A few of them offer credit card payments (usually more expensive options) such as Wise, Remitly, WorldRemit, and Xoom.
Some providers such as XE or OFX give exchange rates or remove their fixed transfer fees for larger transfers over $10,000.
DNBC Financial Group strives to boost the best business account for international payments from Croatia to Nepal.
We offer full online payment solutions, money transactions in over 173 countries with multiple currencies, being transparent and fast delivery speed. DNBC Financial group is always willing to support you 24/7.
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