In this post we explore the options and attempt to find the best dollar card in the market. In today’s interconnected global commerce world, having a dollar card in Nepal has shifted from being a luxury to an essential tool for managing international transactions and do business. Whether you’re a freelancer dealing with global clients, and online entrepreneur, or a fan of international online shopping, a dollar card opens up a world of possibilities. This guide explores everything about the dollar card options available in the market and the best options.
Table of Contents
What is a Dollar Card?
A dollar card is a debit card designed for international transactions, allowing users to make purchases or subscriptions internationally. These dollar cards are either Visa or MasterCard branded and have maximum limit of USD $500 per year. Almost all major commercial banks offer this option for a fee.
Eligibility and Required Documents
To apply for a dollar card in Nepali, you’ll need:
- Eligibility:
- Nepalese citizenship
- A valid bank account in Nepal
- Age 18 or above
- Documents:
- Citizenship card or passport
- PAN card
- The dollar card also can be obtained by companies. The required document for company requires submitting PAN Card, Registration and application letter stating the same.
The mega list of dollar card options in Nepal
| S.N | Bank Name | Issuance Fee | Annual Fee | Loading Fee | Minimum Load | Transaction Fee |
|---|---|---|---|---|---|---|
| 1 | Citizens Bank | Rs.500 | none | Rs.500 | none | none |
| 2 | Everest Bank | $5 Virtual & $10 Physical | none | none | none | 1% cross-border + 0.5% or $0.50 whichever is higher for eSecure Transaction($5 at first for eSecure service registration and from next year $1 every year) |
| 3 | Global IME Bank✅ | Rs.600 Physical, Rs.500 virtual card) | Rs.300 | none | none | none |
| 4 | Himalayan Bank | USD 10 | none | none | 10 | none |
| 5 | Kumari Bank | USD 5 | USD 5 + 1 | Rs.500 | nan | 1% |
| 6 | Laxmi Sunrise Bank | Rs.700 | none | Rs.300 | none | none |
| 7 | Machhapuchchhre Bank | $10 (for 5 years) | none | 2 | none | none |
| 8 | NIC Asia Bank | Rs. 1000 | Rs. 1000 (for 3 years) | Rs. 500 | 25 | none |
| 9 | NMB Bank | Rs.500 | none | Rs.500 | none | none |
| 10 | Nabil Bank | Rs.1000 | none | Rs.500 | none | 1% cross-border + 0.5% or $0.50 whichever is higher for eSecure Transaction($5 at first for eSecure service registration and from next year $1 every year) |
| 11 | Nepal Bank | Not Available | nan | nan | nan | nan |
| 12 | Nepal Investment Bank | Rs.1000 (Virtual Card) | none | Rs.500 | none | none |
| 13 | Nepal SBI Bank | Not Available | nan | nan | nan | nan |
| 14 | Prabhu Bank | Rs.500 | Rs.500 | none | 50 | none |
| 15 | Prime Bank | Rs.500 (Virtual Card) | Rs.500 | Rs.300 | not available | none |
| 16 | Rastriya Banijya Bank | Not Available | nan | nan | nan | nan |
| 17 | Sanima Bank | Rs.500 name (1st load free) | none | Rs.500 | none | none |
| 18 | Siddhartha Bank | Rs.500 (1st two load free) | none | Rs.250 | none | none |
Conclusion – Which is the best dollar card
Based on above table, Global IME Bank offers the best option for dollar card in Nepal. Not only the fee is comparatively lower, but it also offers real-time fund loading via app. Plus, there is an option to register for dollar card completely online via app or web portal.
How to Make a Dollar Card in Nepal: Step-by-Step
- Select Your Bank: Compare offerings from top commercial banks mentioned above.
- Gather Documents: Prepare all necessary paperwork as mentioned.
- Submit Application: Visit your chosen bank and complete the process. Some banks like Global IME Bank & Nabil Bank offer option apply for dollar card via their mobile banking app or dedicated portal.
- Receive Your Card: Depending upon the bank, cards are usually issued within 1-3 working days. The card is delivered virtually or through physical card.
You might also be interested in QR code maker, which enables your to get the QR code and accept payments.
