Prabhu Money Transfer is a leading remittance company in Nepal. Its nationwide network of authorized dealers facilitates fast, secure, and cooperative transfers. The company's business model is based on providing the lowest fees and highest exchange rates. The business model of Prabhu Money is aimed at making money transfer as affordable as possible for as many people as possible. It has many international agents and branches located throughout Asia and North America. They are an excellent choice for sending money to Nepal. They accept any government-issued photo ID. They are authorized to send money to any country in South Asia, East Asia, and the United States.
Prabhu Money Transfer Year Established |
2002 |
Prabhu Money Transfer International Clients |
Prabhu Money Transfer accepts international clients. |
Prabhu Money Transfer Age requirement |
18 years |
Prabhu Money Transfer Currencies Offered |
2 online |
Prabhu Money Transfer Minimum Transfer |
none |
Prabhu Money Transfer Transfer Fees |
none |
Prabhu Money Transfer Office Locations |
Headquarters in US, with subsidiary offices and certified agents literally across the globe. |
Prabhu Money Transfer Employees |
66 |
Prabhu Money Transfer Turnover |
252000000 |
Prabhu Money Transfer Regulation |
Prabhu Money Transfer is authorized |
Prabhu Money Transfer Fees |
Prabhu Money Transfer transfer fees are none. Fees with Prabhu Money Transfer may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source). Additionally to the fixed fees taken by Prabhu Money Transfer, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred. |
Prabhu Money Transfer Client Rating |
Prabhu Money Transfer has a rating of 3. |
Number of Prabhu Money Transfer customers |
500000 |
Prabhu Money Transfer Website |
|
Prabhu Money Transfer Supported Languages |
Month | Savings |
---|---|
January | $100 |
February | $80 |
Most of the time money transfers with Prabhu Money Transfer will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Prabhu Money Transfer money prior to submitting an application to Prabhu Money Transfer.
Can you easily afford the Prabhu Money Transfer fees, are the exchange rate costs reasonable with Prabhu Money Transfer?
Prabhu Money Transfer is a financial service company, that offers its clients money transfer services.
Prabhu Money Transfer was founded in 2002 by Sudip Sherchan and has offices in Kathmandu, Nepal.
Prabhu Money Transfer provides money transfer services to its 500000 customers who are from all over the world including Nepal.
The Kathmandu, Nepal Prabhu Money Transfer business was founded in 2002 to deliver money orders locally and internationally.
Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.
Prabhu Money Transfer is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.
Prabhu Money Transfer was established in 2002 in Kathmandu, Nepal, and has been in operation for around 22 years Prabhu Money Transfer have a head office in Kathmandu, Nepal.
Prabhu Money Transfer money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Prabhu Money Transfer only charges none, when compared to other money transfer service providers.
The maximum transfer amount with Prabhu Money Transfer is up to none (or its currency equivalent) online.
While Prabhu Money Transfer charges a small percent of transfer fees, the brand offers reasonable exchange rates.
When transferring money with Prabhu Money Transfer, it is crucial to keep tabs on the following:
Any taxes or charges are payable in the destination country. costs may exist that are not paid through Prabhu Money Transfer or imposed by Prabhu Money Transfer. Your Prabhu Money Transfer money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Prabhu Money Transfer account.
Several money transfer platforms like Prabhu Money Transfer charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Prabhu Money Transfer may charge for a currency exchange.
A transfer fee is the sum of money that a money transfer operator like Prabhu Money Transfer charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.
Exchange rate margins are how Prabhu Money Transfer, banks and other financial corporations make profit off their services instead of charging customers with commission fees.
When a bank or a money transfer service like Prabhu Money Transfer quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Prabhu Money Transfer to see what their exchange rate margin is.
A Prabhu Money Transfer fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.
The methods to transfer funds are:
Prabhu Money Transfer enables users to transfer money using bank transfer, via none.
Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.
Prabhu Money Transfer offers every available world currency to its customers. We list the major Prabhu Money Transfer supported currencies below.
Prabhu Money Transfer offers the following transfer options:
’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.
A regular payment is a highly economical and easy way to transfer money with Prabhu Money Transfer. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).
Prabhu Money Transfer offers services for sixty different currencies across more than one-seventy countries.
The more global a money transfer operator becomes, the more reliable it is for people across the globe.
Prabhu Money Transfer does not operate in the following countries :
Certain countries are restricted because Prabhu Money Transfer is not allowed to legally operate in those regions or it is not economically viable for Prabhu Money Transfer to provide money services in these regions.
An International Transfer is when someone sends money from their account in one country to a bank account in another country.
Setting up your Prabhu Money Transfer money transfer is quick and simple with the modern Prabhu Money Transfer online platform.
Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.
These days, you can send a money transfer with ease on the Prabhu Money Transfer website.
The Prabhu Money Transfer website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.
Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Prabhu Money Transfer has a minimum transfer amount of none.
Money transfer companies often do not have maximum transfer limits. For example, Prabhu Money Transfer does not have a maximum transfer limit when the user is paying through phone. There is however, a none limit per transaction for online transfers.
These are the fees charged by Prabhu Money Transfer and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.
Prabhu Money Transfer money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Prabhu Money Transfer, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Prabhu Money Transfer.
If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Prabhu Money Transfer is not a publically listed company. Prabhu Money Transfer is a privately owned company.
The charges for issuing money orders with Prabhu Money Transfer are none.
Prabhu Money Transfer offers mobile top ups.Prabhu Money Transfer mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.
Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Prabhu Money Transfer directly to see what they are able to offer if you are adversely affected by COVID-19.
There may be many reasons you are looking to action a money transfer with Prabhu Money Transfer. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.
Prabhu Money Transfer money transfers are best for people looking for looking for a reliable fast money transfer service.
For Prabhu Money Transfer to be able to process your money transfer application as quickly as possible make sure you have everything Prabhu Money Transfer need. If you and Prabhu Money Transfer need to go back and forth it may delay the Prabhu Money Transfer application process. Make sure every piece of information you give Prabhu Money Transfer is accurate.
Please note that you must have at least a minimum of one active bank account for Prabhu Money Transfer to process your money transfer.
Application time refers to the amount of time you have to wait for your Prabhu Money Transfer registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Prabhu Money Transfer system.
It is the time it takes for Prabhu Money Transfer money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.
It is the amount of time it takes for the recipient to receive the money transfer. Once your Prabhu Money Transfer money transfer has been approved the money should be in your account within four working days.
Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.
Here are a number of important things to consider before considering Prabhu Money Transfer money transfer:
Prabhu Money Transfer support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Prabhu Money Transfer customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.
When getting a Prabhu Money Transfer money transfer you will want to speak to a Prabhu Money Transfer representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.
Customers can reach out to Prabhu Money Transfer through live chat to resolve Prabhu Money Transfer money transfer account issues or difficulties with their Prabhu Money Transfer account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.
When deciding upon a money transfer company like Prabhu Money Transfer you will want to know how Prabhu Money Transfer compares with other leading online money transfer companies. See how Prabhu Money Transfer compares below.
Used By: 280000000
Currencies Available: 76
Transfer Fees: none
Payment Methods: Bank transfer, credit card, debit card
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$500,000.00 (or equivalent)
Year Founded: 1993
Used By: 11000000
Currencies Available: 54
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: 1 USD
Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Year Founded: 2011
Used By: 3000000
Currencies Available: 63
Transfer Fees: 0-3.99$
Payment Methods: Bank transfer, credit/debit card
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$20,000.00
Year Founded: 2011
Used By: 11000000
Currencies Available: 54
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$1,000,000 (varies based on currency)
Year Founded: 2011
Used By: 150,000
Currencies Available: 17
Transfer Fees: 0.45%
Payment Methods: Bank transfer, debit card
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: £5.00 (or equivalent)
Max Transfer: £10,000,000.00 (or equivalent)
Year Founded: 2009
Used By: 11000000
Currencies Available: 55
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: 1 USD
Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Year Founded: 2011
Used By: 130000000
Currencies Available: 11
Transfer Fees: 0%-1%
Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
Year Founded: 2014
Used By: 25,000,000
Currencies Available: 23
Transfer Fees: none
Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: none
Max Transfer: 10000 USD
Year Founded: 1832
Used By: 120,000
Currencies Available: 33
Transfer Fees: none
Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: US$1.00 (varies based on certain currencies)
Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
Year Founded: 2001
Used By: 150000000
Currencies Available: 46
Transfer Fees: 0-1.99$
Payment Methods: pay by card or directly from your bank account
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: none
Max Transfer: 3000 USD
Year Founded: 1940
Used By: 250000000
Currencies Available: 4
Transfer Fees: 0$-40$
Payment Methods: Bank transfer, debit/credit card, PayPal balance
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: US$10.00
Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
Year Founded: 2001
Prabhu Money Transfer has a website available online but it may be useful to manage your Prabhu Money Transfer account from your mobile device like your tablet or phone.
Prabhu Money Transfer offers an Android mobile application on the Google Play store.
Prabhu Money Transfer offers an Apple IOS mobile application for iPhones and iPads allowing Prabhu Money Transfer to users to check their Prabhu Money Transfer accounts on their iOS mobile devices.
Prabhu Money Transfer offers the following Money Transfer payment methods: cash pickup, account deposit, wallet. All of significant bank systems are all acknowledged with Prabhu Money Transfer.
Prabhu Money Transfer offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.
The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.
Take note that Prabhu Money Transfer may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Prabhu Money Transfer.
Prabhu Money Transfer is a reliable, secure, and trusted option for sending money overseas. Prabhu Money Transfer are registered and regulated with the Prabhu Money Transfer is authorized.These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Prabhu Money Transfer customers.
Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.
Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.
Firms like Prabhu Money Transfer that offer money transfer to retail customers are legally considered to be offering consumer credit.
A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.
Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.
Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.
Be sure that Prabhu Money Transfer is fully licenced as a money transfer company.
The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.
One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.
The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.
All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.
Check Prabhu Money Transfer is financially regulated. Prabhu Money Transfer is regulated by the Financial Conduct Authority (FCA).
This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Prabhu Money Transfer Possess a responsibility of care to their clients.
Financial institutions (which do not classify as banks) which convert and transmit money like Prabhu Money Transfer are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.
Financial authorities tend to keep tabs on Prabhu Money Transfer and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.
Prabhu Money Transfer as part of their regulation are required to segregate client funds from Prabhu Money Transfer company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.
Prabhu Money Transfer regulatory requirements mean that Prabhu Money Transfer Money Transfer funds and your funds should be totally separate. Prabhu Money Transfer cannot use any money that is still legally yours to conduct Prabhu Money Transfer daily business like paying Prabhu Money Transfer suppliers and costs. Your funds should be kept by Prabhu Money Transfer in a segregated bank account.
Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.
Prabhu Money Transfer goes to great lengths to protect your Prabhu Money Transfer account from fraudulent use. We explain some of Prabhu Money Transfer anti-fraud features below:
Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Prabhu Money Transfer account, as you are instantly aware of every Prabhu Money Transfer transaction these notifications to your phone help you to keep tabs on any suspicious activity.
After conducting a transaction with Prabhu Money Transfer, the Prabhu Money Transfer accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Prabhu Money Transfer delivery instructions.
Prabhu Money Transfer has systems and controls in place to detect fraudulent activity and protect Prabhu Money Transfer client accounts from misuse. If Prabhu Money Transfer detect a questionable transaction on your Prabhu Money Transfer account, Prabhu Money Transfer will contact you to verify the transactions legitimacy to ensure your Prabhu Money Transfer funds are safe.
Prabhu Money Transfer and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Prabhu Money Transfer also earn money via foreign exchange rates.
Money transfer companies like Prabhu Money Transfer and banks need to survive, so they make money on interest from accounts and money transfers.
We list some of the most frequently asked Prabhu Money Transfer questions below.
You can transfer up to none at a time.
It normally takes 3-5 business days.
If you need to cancel your transaction due to any reason, kindly contact us on this number +977-1-4169277.
To signup to a Prabhu Money Transfer account you will need to be at least 18 years old.
Prabhu Money Transfer have been in operation since 2002 and have over 500000 customers and 66 employees. Prabhu Money Transfer is not a scam.
Sending money with Prabhu Money Transfer is a single process once you have registered and verified your Prabhu Money Transfer account and payment methods.
Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Prabhu Money Transfer account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.
Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Prabhu Money Transfer allows for a deposit directly into your bank, credit union or other financial account.
Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Prabhu Money Transfer allows you to pick up money in person at a Prabhu Money Transfer agent location.
A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.
Prabhu Money Transfer Does not support mobile wallets.
It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Prabhu Money Transfer do not offer home delivery money transfers.
Prabhu Money Transfer was founded in 2002.
Prabhu Money Transfer have a rating of 3 and are financially regulated, Prabhu Money Transfer can be considered a good money transfer company.
Its is easy to close you Prabhu Money Transfer account. You will have to make sure any outstanding payments and fees due to Prabhu Money Transfer are paid in full Before Prabhu Money Transfer will fully close your account. Make sure when closing your account Prabhu Money Transfer send you an official confirmation that your account is closed and no more monies are due to Prabhu Money Transfer.
No, setting up a Prabhu Money Transfer account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Prabhu Money Transfer account in 1-3 days.
Prabhu Money Transfer are based in Kathmandu, Nepal
Countries where Prabhu Money Transfer is legal?Prabhu Money Transfer is legally allowed to operate in over 6 countries.
You can track a Prabhu Money Transfer money order by calling Prabhu Money Transfer or by tracking the order online. Call Prabhu Money Transfer number on +977-1-4169277. The Prabhu Money Transfer automated phone system will take a few details and give you a status update. You can go online to the Prabhu Money Transfer website and check the status of a money transfer at any time.
If you have a Prabhu Money Transfer online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Prabhu Money Transfer transaction, use the Prabhu Money Transfer payment reference number on the Prabhu Money Transfer website to check the status of the transfer.
The way that you cancel a Prabhu Money Transfer transfer depends on how you created and sent the Prabhu Money Transfer money transfer originally.
You may need to contact Prabhu Money Transfer by phone on +977-1-4169277, through their website at prabhumoneytransfer.com.np or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by Prabhu Money Transfer.
If you made the Prabhu Money Transfer transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Prabhu Money Transfer account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.
Double check the terms and conditions for cancelling a Prabhu Money Transfer transfer on their website.
If Prabhu Money Transfer isnt quite what you are looking for you can check out some of the best Prabhu Money Transfer alternatives below.
If you would like to see Prabhu Money Transfer compared against some of the best Prabhu Money Transfer alternatives available right now you can do so by clicking on the links below.