How to pay tuition fee from Nepal to US university

TABLE OF CONTENTS:

• Pay via Bank Drafts
• Pay via Flywire
• International Wire Transfer
• Documents Required

After receiving US student visa, one of the important steps is to pay for tuition fees and living expenses for the university. There are two ways to transfer money from Nepal to US university.

NOTE: Check with your university / college to find the accepted method of payment for tuition fees and living expenses

Pay via Bank Drafts

A Bank draft (or demand draft) is a payment order issued by a bank (Nepal's Bank) directing another bank to pay a specific sum of money to a designated recipient. It is similar to a check, but it is typically used for payments from Nepal to US university while travelling to US for the first time. Bank drafts are generally considered to be a more secure form of payment, as they are issued by a bank and are backed by the bank's funds.

To create a Bank Draft from a Nepali bank, you need to submit following documents Docuemnts Required. Banks will take a day or two to issue a Demand Draft (or Cashiers Check) on the university's bank details . Once you receive the demand draft, you need to take it with you to US and give it to the university to deposit your Demand Draft. If your Demand draft amount is more than tuition fees / hostel fees, then university will return you the remaining money in the form of check to you.

For example: If you create a Bank draft of $10,000 and your tuition fees is $9000. Your university will process the fees and return you remaining $1000 as a cheque which you can deposit in your bank account in US.

Pay via Flywire

If your U.S. university accepts Flywire payments, it is often the cheapest way to send tuition fees from Nepal. Flywire typically charges lower fees compared to bank drafts or SWIFT transfers, making it a more affordable and convenient option. Here’s why and how you can make the payment via Flywire easily from Nepal:

Why Use Flywire?

• Low Fees: Flywire charges minimal fees, especially if you make the payment through NMB Bank in Nepal. Flywire has a direct connection with NMB Bank, so you won’t have to pay additional charges that other banks usually impose.

• Convenient: The process is straightforward, and Flywire offers multiple payment methods, including bank transfers and local payment options.

Steps to Pay via Flywire

1. Open a Bank Account at NMB Bank

   Since Flywire is connected with NMB Bank, using this bank for your payment will help you save on fees. If you don’t already have an account, visit any NMB Bank branch and open one.

2. Create a Flywire Account

   Visit Flywire’s website and create your account. Select your U.S. university, enter the amount you wish to send, and complete the online process. Flywire will provide a transaction receipt.

3. Visit NMB Bank with Flywire Transaction Receipt

   Once you have your receipt from Flywire, deposit the required money into your NMB Bank account. Bring the receipt and necessary documents (such as your ID and student information) to the bank.

4. Make the Payment at NMB Bank

   The bank staff will assist you with reviewing your documents and processing the payment. Since NMB Bank has partnered with Flywire, you won’t have to worry about extra fees that other banks might charge.

5. Confirmation of Payment

   After the transaction, Flywire will notify you when the funds have been successfully transferred to your university’s account. You can also track the progress of your payment through your Flywire account.

Why We Recommend Flywire

Flywire offers the easiest and most cost-effective way to send tuition fees to the U.S. from Nepal. By using NMB Bank, you can avoid paying additional fees that other banks impose, making the overall process smoother and more affordable. Compared to other methods like SWIFT transfers or bank drafts, Flywire ensures lower fees, transparency, and quick processing. For more detials, you can follow this article. Flywire: How do I make a payment to my institution?

International Wire Transfer

An international wire transfer is a financial transaction that allows you to send money from one bank account to another bank account in another country. It is a convenient way to transfer money internationally, as it allows you to send and receive money quickly and securely. International wire transfers typically involve a fee for the service, which can vary depending on the amount of money (usually 3-4% of amount transferred or contact your bank).

1. Direct Transfer to University bank account

   You can transfer a specific sum of money from your bank account in Nepal to the univeristy's bank account in US to cover your tuition fees. You need to submit following documents Docuemnts Required depending upon the bank in Nepal. If you are a first time visitor to US, this might be the best way to pay your tuition fees after Bank Draft.

2. Direct Transfer to your US bank account and pay

   If you already have a US bank account then, you can do wire transfer to your bank account in US and then pay your fees from your bank account. This method is usually for students who are already in US and need money to cover living expenses and tuition fees. You need to submit following documents Docuemnts Required depending upon the bank in Nepal.

Documents Required

1. Passport with U.S. visa
2. University I-20
3. University's Bank Account Details

• Univeristy Bank Account Holder Name
• University Bank Account Holder Address
• Name of the Bank
• Address of the Bank where money will be deposited
• Bank SWIFT CODE

4. No Objection Certificate / Letter (NOC)
5. Bank Account and sufficient balance to cover tuition fee + Bank Fees
6. Citizenship (May be needed to verify details)
7. Booked Airline Ticket from Nepal to US (May be needed for first time visitor student)

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