Flywire

To create a payment booking in Flywire, customers have to follow the process mentioned below:

• First Students/parents visits Flywire.com and go to “Make a Payment” Section
• Choose the college/university from the list to make the payment.
• Select Nepal in region & enter the payment amount.
• Selects “Domestic Bank Transfer in NPR” Payment
• Enter the payers information and students information
• Verify the details and Download the payment instruction

After booking the payment through Flywire, customers then shall:

• Visit the NMB Bank branch (any branch)
• Deposit the NPR amount as state in the Flywire Payment Instruction into Flywire’s NPR Account at NMB Bank
• Provide all required document
• Fill SWIFT request form and KYC form (If not the customer of the bank)

Customers can deposit the amount from any bank in Nepal directly into Flywire’s Account at NMB Bank through:

• Through IPS / Connect IPS
• RTGS
• Cash deposit by visiting the bank
• Account Transfer if the customer has account at NMB Bank

Account Details

Account Number | 00901371300188
Account Name | FLYWIRE PAYMENT

Please note that Customers have to make sure that the Flywire Payment ID is included in the payment description or reference field and payment is completed in a single transaction.

The list of documents which the customer has to provide are:

• Flywire Authorization Letter / payment instructions  (Valid)
• Student’s Admission Letter and/or Tuition Invoice of University/College
• No Objection Certificate (NOC) – Both Bank Copy and Customer Copy
• In case of second payment ( if previously not sent from NMB) – No objection letter to be obtained from the bank from where previous payment was processed (In place of NOC-bank copy)
• Student’s Valid Passport copy
• Student or family member’s PAN card (if payment amount > USD 5,000 or equivalent)

If the student is already studying abroad, the following additional document is to be provided

• Copy of Student’s valid University ID (if student is already enrolled at school)
• Valid Visa of the student

The customers have to pay education tax (currently 3%) as per governments regulations along with the payment amount at the bank. Apart from this, no other additional charges shall be taken from the customers.

Education tax cannot be sent by using digital transfer (IPS/ RTGS) but have to be paid at branch.

No, it is not mandatory to have an account at NMB bank to process for Flywire payment, however, the customer have to fill up an additional KYC document and provide identification (Citizenship, Passport) at the bank.

• If customers visit the branch, provide all the documents, deposits the amount and completes the process within 2:00 PM from Monday to Thursday and 1:00PM on Friday, such payments shall be sent on the same day.
• Other requests on working days received after the cut off time mentioned above shall be processed on the next working day to Flywire.
• No transaction shall be done on holidays but customers can still send money to Flywire’s NPR account through RTGS or IPS.

The process of final settlement to the university shall be done by Flywire itself and it takes them a maximum of 72 hours (maximum filter) to update the dashboard after payment is made. Customers can also find the information regarding the settlement time in the Payment Instruction Letter.

After booking the payment through Flywire, customers then shall:

• Visit the NMB Bank branch (any branch)
• Deposit the NPR amount as state in the Flywire Payment Instruction into Flywire’s NPR Account at NMB Bank
• Provide all required document
• Fill SWIFT request form and KYC form (If not the customer of the bank)

After the payment is successfully transferred to the university, Flywire shall send the confirmation email in the customer’s registered email address (entered during the payment booking creation process). The customer can also generate the payment receipt through the payment tracker provided by Flywire – link to the tracker shall be sent in the email of the customer by Flywire after payment booking is done.