Mashreq Bank
High limits, wide margins.
Founded
1967
Regulated
UAE Central Bank
Min transfer
AED 100
Typical fee
AED 20.00
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Pros
- Convenient for existing Mashreq account holders
- High transfer limits
- MashreqPay app is relatively modern
Cons
- Fees and margin among highest on corridor
- No advantage for senders without Mashreq accounts
- Slower than digital apps
01 / Mashreq for Nepal transfers
Mashreq for Nepal transfers
Mashreq is one of the UAE's oldest private banks, founded in 1967. It supports international transfers including to Nepal via SWIFT wire. The MashreqPay app allows transfers to be initiated without visiting a branch.
02 / Fees and rate — honest numbers
Fees and rate — honest numbers
Mashreq charges AED 10–25 flat fee plus a rate margin of 1.5–2.5% on AED→NPR. The total cost is similar to Emirates NBD and significantly higher than Wise or Remitly. On AED 1,000, the recipient receives approximately NPR 800–1,400 less than with Wise.
03 / The case for using Mashreq
The case for using Mashreq
The only meaningful case for using Mashreq for Nepal transfers is if you are an existing customer with a large amount to send and value the bank relationship above the cost difference. For all other senders, a digital alternative will deliver meaningfully more NPR.
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The verdict
Mashreq is a workable option for existing account holders sending large amounts. For everyone else, the combination of flat fee and wide margin makes it a poor choice against digital alternatives on this corridor.
Step by step
How to send money to Nepal with Mashreq Bank
- 1Open the MashreqPay app or log into Mashreq Online.
- 2Choose International Transfer and select Nepal as the destination.
- 3Enter the recipient's bank SWIFT code, account number, and full name.
- 4Specify the AED amount and confirm the bank-quoted exchange rate and fee.
- 5Authorise with your security token and keep the SWIFT reference for tracking.
FAQ
Mashreq Bank — common questions
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