How to Open a Dollar Account in Nepal (2025)

💵 How to Open a Dollar Account in Nepal (2025)

A dollar account (also called a foreign currency account) allows you to hold and receive USD or other foreign currencies legally in Nepal. Here's a simple guide to opening one.

1. Choose an Authorized Bank

Choose a commercial bank in Nepal that offers foreign currency accounts. Popular options include:

  • Nabil Bank
  • Global IME Bank
  • Nepal Investment Mega Bank
  • NIC Asia
  • Siddhartha Bank

2. Know Who Can Open a Dollar Account

As per NRB rules, these people can legally open dollar accounts:

  • Remittance recipients
  • Students studying abroad
  • NRNs (Non-Resident Nepalis)
  • Import/export businesses
  • Foreign currency earners (freelancers, YouTubers, exporters)

3. Documents Required

  • Valid Citizenship / Passport copy
  • PAN card
  • Recent passport-size photo
  • Income source document (e.g. remittance slip, freelancer income proof, offer letter, export invoice)
  • Self-declaration form

Note: Students need university admission letter and visa copy.

4. Visit the Bank or Apply Online

Most banks offer in-branch account opening. Some banks also provide online application forms on their websites.

Tip: Always ask for FCY Savings Account or USD Account specifically.

5. Initial Deposit & Conditions

  • Minimum deposit: Usually $100–$500
  • Account is maintained in USD, EUR, GBP, etc.
  • Interest is usually low (0–1.5%)

You can deposit only foreign-earned money (not local NPR converted to USD).

6. What You Can Do with the Dollar Account

  • Receive remittance from abroad
  • Send payment for study, freelancing, or imports
  • Hold and convert to NPR legally
  • Use for PayPal or international banking

💡 Important Notes (2025)

  • Only foreign income is allowed to be deposited
  • Transactions are monitored by Nepal Rastra Bank (NRB)
  • You must declare the income source

🔍 Popular for:

  • How to open dollar account in Nepal
  • USD account for freelancers Nepal
  • Bank account for PayPal Nepal
  • Foreign currency account in Nepal
  • FCY account requirements 2025

Published by Barala Finance Blog • Updated 2025 • Visit Blog

Previous Post Next Post