In this article, you'll discover whether Revolut works in Nepal, explore some drawbacks if it is available, and consider potential possibilities. Stay tuned to find out more.
Does Revolut Work In Nepal?
Does Revolut work in Nepal? Revolut is not available in Nepal. The service does not explicitly mention its availability or functionalities for users in Nepal.
While Revolut offers a Nepalese Rupee travel card for users traveling from the UK to Nepal, it does not extend its full range of services to residents in Nepal. Therefore, users in Nepal cannot access Revolut's personal or business accounts, savings, or investment options.
Fees and Charges for Using Revolut in Nepal
Here are some general costs that users might encounter:
- ATM Withdrawal Fees: Fee-free ATM withdrawals up to certain limits depending on the plan. After hitting these limits, a 2% fee or a minimum fee of £1 (whichever is greater) applies.
- Currency Exchange Fees: Currency exchange fees may apply if withdrawing in a currency not held in the wallet. These fees are subject to fair-usage limits and weekend markups.
- ATM Access Fees: ATM access fees may be charged by the ATM provider, which Revolut cannot prevent.
- Fair-Usage Fees: Fair-usage fees apply after exceeding the free withdrawal limits.
Is Revolut the Best Option in Nepal?
Even if Revolut is available in Nepal, it might not be the best option for users due to several limitations and restrictions that could impact the overall user experience.
- Limited Service Availability: Revolut's full range of services is not accessible to Nepalese residents.
- Currency Exchange Fees: Fair-usage limits and weekend markups can increase costs.
- ATM Withdrawal Limits: Free withdrawals are capped, with fees applying after limits are exceeded.
- ATM Access Fees: Additional fees may be charged by ATM providers, which Revolut cannot control.
- Account Management: Users must manage their accounts via the Revolut app, which may not be convenient for all.
Alternatives to Revolut in Nepal
1) OneSafe
OneSafe stands out as a leading alternative payment solution in Nepal. It offers simple onboarding, lower fees, and exceptional customer support. Key features include global payments, multi-currency support, and corporate cards. These benefits make OneSafe a superior option for seamless and cost-effective financial management.
OneSafe Reviews
OneSafe has received positive feedback from users who appreciate its comprehensive banking services. Users have praised features such as ACH, Crypto, Wire deposits, and Virtual cards, highlighting the platform's support for most businesses. The company is recognized for its simple onboarding process, lower fees, and exceptional customer support, making it a preferred choice for seamless financial management.
2) Wise
Wise offers a multi-currency account, low-cost international transfers, and an international debit card, making it a viable payment solution in Nepal. Key benefits include cost savings, no hidden fees, and fast transfers. Wise supports transactions in Nepalese Rupee, providing a secure and efficient way to manage global finances.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 86 reviews. Users generally find the service easy to set up and use, but some have faced issues with government restrictions or transaction failures without notifications. Check out more Wise reviews here.
3) Paypal
PayPal offers a secure and efficient payment solution in Nepal, featuring global reach, 24/7 fraud monitoring, and Buyer Protection. Users can link multiple cards for flexible payments and enjoy fast, secure invoicing. These features make PayPal a reliable option for managing both personal and business transactions.
Paypal Reviews
PayPal has an overall rating of 4.4 out of 5 based on user reviews. Users generally mention high transaction fees and occasional delays in dispute resolution.
Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Nepal
Is Revolut available for residents in Nepal?
Revolut is not available for residents in Nepal. Services are limited to other regions.
Can I use Revolut for transactions in Nepal?
Revolut can be used for transactions in Nepal if you have a UK-issued card.
Are there any fees for using Revolut in Nepal?
Yes, fees include ATM withdrawal charges, currency exchange fees, and potential ATM access fees.
Does Revolut support Nepalese Rupee?
Revolut supports Nepalese Rupee for travelers but not for residents in Nepal.
Can I open a Revolut account in Nepal?
No, you cannot open a Revolut account if you are a resident of Nepal.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Nepal is crucial for seamless financial management. While Revolut is not available, alternatives like OneSafe offer comprehensive services, lower fees, and excellent support. Explore OneSafe for a superior banking experience. Sign up today!
