Finally, the Nepal Rastra Bank has allowed prepaid dollar cards to be used for internet purchases. It's been on the way for quite some time. And we couldn't be happier that the day has finally arrived. As you may have seen by now, the cap has been set at USD 500 for the entire year. You're undoubtedly curious about where to get dollar prepaid cards and what you can do with them right now. Don't worry, we're going to talk about purpose today. So, if you want to learn how to obtain a dollar prepaid card in Nepal, keep studying.
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How to get a Dollar Prepaid Card in Nepal?
First and foremost, as previously stated, the bank's dollar prepaid card would have a maximum limit of USD 500 per year. That implies you can't hold more than USD 500 on the card, and you can't use more than that amount in a single year. You'll also need to explain why you desire the card in the first place.The application process for the card is quite simple. You may simply fill out a form at the bank's counter if you have an account with any class "A" or "B" bank. However, in order to apply for the card, you must have a PAN card and a KYC form.
Class A Commercial Banks in Nepal
| Agriculture Development Bank | Himalayan Bank | Nepal Bank | Prabhu Commercial Bank |
| Bank of Kathmandu | Kumari Bank | Nepal Commerce and Credit Bank | Rastriya Banijya Bank |
| Century Commercial Bank | Laxmi Bank | Nepal Investment Bank | Sanima Bank |
| Citizens Bank International | Machhapuchchre Bank | Nepal SBI Bank | Siddhartha Bank |
| Civil Bank | Mega Bank | NIC Asia Bank | Standard Chartered Bank |
| Everest Bank | Nabil Bank | NMB Bank | Sunrise Bank |
| Global IME Bank | Nepal Bangladesh Bank | Prabhu Bank |
Class B Development Banks in Nepal
| Corporate Development Bank | Kamana Sewa Bikas Bank | Muktinath Bikash Bank | Shangri-la Development Bank |
| Excel Development Bank | Karnali Bikash Bank | Narayani Development Bank | Shine Rasunga Development Bank |
| Garima Bikas Bank | Lumbini Bikash Bank | Sahara Bikas Bank | Sindhu Bikas Bank |
| Green Development Bank | Mahalaxmi Bikash Bank | Salapa Bikash Bank | |
| Jyoti Bikas Bank | Miteri Development Bank | Saptakoshi Development Bank |
The costs for the prepaid dollar card will vary depending on the bank. And the bank will most likely provide you a dollar card within 4-5 business days. Some banks, on the other hand, may provide immediate cards.
Dollar prepaid cards may only be used to make online purchases. And that too on those sites that allow payment in USD (or any similar currencies) (or other equivalent currency). Not to mention, by filling out a document at the bank, you can transfer the dollar amount from your connected account to the main account, i.e. the NPR account.
In Nepal, the following banks have already begun to provide this service:
- Global IME Bank: Global E-com Card
- Himalayan Bank: HBL Dollar Prepaid Card
- Kumari Bank: Kumari $eCom Card
- Machhapuchchre Bank: Machhapuchchre Dollar Card
- Mahalaxmi Bikas Bank: Mahalaxmi Dollar Card
- Nabil Bank: Nabil iCard
- Nepal Investment Bank: NIBL Prepaid International Card
- NMB Bank: NMB Dollar Card
- Prabhu Bank: Prabhu 500 Card
- Siddhartha Bank: Siddhartha eCom Card
- Sunrise Bank: Sunrise E-card
What’s the use?
Oh, so many. From paying for streaming services like Netflix, Amazon Prime Video, Spotify, Apple Music, content distribution platforms like Steam, or even buying goods from Amazon, Newegg, etc. this move from Nepal Rastra Bank opens up so many avenues. And if it wasn’t already obvious, you’re not allowed to buy any goods/services deemed illegal by the Nepal government.For now, USD 500 might not seem like a significant amount, however, it is just the beginning. And the signs seem positive. Hopefully in the future things will improve significantly.
How to Secure Prepaid Dollar Card From Misuse?
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