Laxmi Sunrise Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Laxmi Sunrise Bank suits expats, travelers and businesses in Nepal who want everyday banking without a monthly charge. The Sunrise savings account carries no monthly fee, no minimum deposit and pays a variable rate, with free ATM access for day to day spending.
Key facts
- Best for
- A fee free everyday and savings account for people banking in Nepal with money coming in from abroad.
- Monthly fee
- NPR 0↗
- Currencies
- 22↗
- Free ATM withdrawals
- NPR 0↗
- Transfer fee
- NPR 10 flat via Fonepay to other banks, free within Laxmi Sunrise↗
- Legal entity
- Laxmi Sunrise Bank Limited↗
- Headquarters
- Nepal↗
- Founded
- 2023↗
- Support channels
- Email, Phone↗
- Audience
- Expats, Travelers, Business
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals
- Official website
- laxmisunrise.com
Savings
Money transfer
Facts checked September 26, 2026, 8 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- LinkedInfacebook.com
Pros and cons
Pros
- No monthly fee and no minimum deposit on the savings account
- Interest accrues daily and is paid quarterly at a variable rate
- Free ATM use within the published allowance, and 22 currencies
Cons
- The headline rate of 2.75% sits below the site median for savings at 3%
- Transfers to other banks cost a flat charge via Fonepay, free only within Laxmi Sunrise
- Support runs on email and phone only, so there is no chat or help centre
Who it suits
- Expats and travelers based in Nepal who earn or send money in other currencies
- Businesses and freelancers who want multi currency holding with no monthly charge
- Anyone who values a real bank licence and daily interest over a top rate
Who should look elsewhere
- Skrill or Paysera, if you need a much wider choice of currencies than 22 and a purely digital setup
- PayPal Colombia, if you are paying people abroad and want a wallet rather than a bank account
- Anyone chasing the highest savings rate, since 2.75% is modest
Fees and currency costs
The Sunrise savings account has no monthly fee and no minimum deposit, and ATM withdrawals fall within a free allowance. Transfers between Laxmi Sunrise accounts cost nothing, while sending money to other banks is a flat charge through Fonepay. On currency, the bank publishes a rate table rather than a percentage markup, so the cost of converting 22 currencies depends on the rate applied on the day. Remittance payouts arrive in real time to a bank account or as a cash pickup.
How Laxmi Sunrise Bank compares
8.5 vs 8.7
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8.5 vs 9.0Covers 47 currencies, far more than the 22 here, for people who hold many currencies at once.
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Where Laxmi Sunrise Bank is available
- Available
- Nepal
- Licence in Nepal
- Nepal Rastra Bank, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Does Laxmi Sunrise Bank charge a monthly fee?+
No. The Sunrise savings account has no monthly fee and no minimum deposit, so you can hold a balance without a set up cost. Interest is added daily and paid quarterly, at a variable rate.
What interest rate do I get on the savings account?+
The account pays a headline rate of 2.75%, and that rate is variable, so it can move with the bank's published rate table. Interest accrues daily and is credited quarterly. That is below the site median savings rate of 3%.
How many currencies can I hold and convert?+
The bank publishes rates for 22 currencies, which covers a good range for holding and converting balances. Conversion costs follow the rate applied on the day of the exchange, so check the published table before a large trade.
Who regulates the bank and where is it based?+
Laxmi Sunrise Bank is licensed as a bank by Nepal Rastra Bank in Nepal and operates from a head office in Nepal. The legal entity is Laxmi Sunrise Bank Limited, and the bank was founded in 2023.
How do I get money in and out of the account?+
You can use Any Branch Banking Services, mobile and internet banking, and free ATM withdrawals within the published allowance. Transfers to other banks carry a flat Fonepay charge, while transfers within Laxmi Sunrise are free.
Can I send money abroad and how fast does it arrive?+
Remittance payouts are real time and can go to a bank account or be collected as a cash pickup. Because delivery is real time, the cost and exchange rate are set at the time you send, which matters for large transfers.
Who is the account designed for?+
The bank serves expats, travelers and business, so it is aimed at people living or working in Nepal with ties to other markets. Expats and travelers holding several currencies, and businesses paying staff or suppliers, are the main groups.
How do I get help if something goes wrong?+
Support is available on email and phone, so you can call or email. There is no live chat or help centre listed, which is worth knowing if you prefer instant messaging support.
Sources
- laxmisunrise.com checked September 26, 2026
Backs: Audience, Headquarters, Legal entity
“NRN Savings ... Dollar Travel Card ... Business & Merchants ... QR Code for Business”
- laxmisunrise.com/contact-us checked September 26, 2026
Backs: Support channels
“24/7 Customer Care Support ... Tel: 01-5970684, 01-4217070 ... cx@laxmisunrise.com”
- laxmisunrise.com/deposit/sunrise-savings checked September 26, 2026
Backs: Access terms, Minimum deposit, Pricing model, Monthly fee
“Any Branch Banking Services (ABBS) including cheque book requests”
- laxmisunrise.com/rates/forex checked September 26, 2026
Backs: Currencies
“Forex table as of 2026-09-24 lists 22 currencies with cash buy and sell rates: USD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, CAD, INR, DKK, CNY, QAR, SAR, SEK, MYR, THB, AED, KRW, KWD, BHD, OMR”
- laxmisunrise.com/rates/interest-rates checked September 26, 2026
Backs: Account kind, Headline rate, Rate type
“Interest rate on Call & Saving accounts will be calculated on daily basis and paid quarterly”
- laxmisunrise.com/rates/schedule-of-service-charges checked September 26, 2026
Backs: Free ATM withdrawals, Features, Transfer fee
“13.8 ATM cash withdrawal (On us) - Nil”
- laxmisunrise.com/remittance/laxmi-sunrise-remit checked September 26, 2026
Backs: Delivery time, Payout methods
“Features of Suryodaya Remit - Instant Bank Transfers: Real-time crediting to any bank account in Nepal”
- laxmisunrise.com/who-we-are/a-new-legacy checked September 26, 2026
Backs: Founded, Licences
“On July 14, 2023, a new era in banking began with the birth of Laxmi Sunrise Bank, emerging from the merger of two established Nepali banks”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.
Related by the facts
Guides
Laxmi Sunrise Bank
A fee free everyday and savings account for people banking in Nepal with money coming in from abroad.