How to send money to Sri Lanka
Find out how to make a money transfer to Sri Lanka with the best providers with these 4 steps
1. Make sure the LKR mid-market rate is favorable
Converting your money on the right day means more money arrives. We recommend our users to use exchange rate email alerts to follow the evolution of the LKR exchange rate.
2. Go with the optimal deal by comparing all money transfer companies.
Our comparison engine lists 23 money transfer companies offering money transfer services to Sri Lanka, such as TransferWise, Western Union, MoneyGram, OFX, Xendpay. Using the right company from the list is the best way to save on fees and exchange rate.
3. Select the best service that suits your needs
Do you need to send money to Sri Lanka at the lowest total cost, with the fastest option or with the provider with the best ratings?
In addition, it is important to have a look at the pay-in and pay-out options. You will often have money transfer services giving you the option to pay by bank transfer, some will also give you the option to pay by debit and credit cards. At the other end, in Sri Lanka, choose if you need the money to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and get started wih your transfer to Sri Lanka with the company you selected
Visit the provider's homepage to complete the sign-up process - be prepared to provide an offical ID and/or a proof of adress - and configure your transfer.
Save over 19,000 rupees a year when sending money to family, friends or businesses in Sri Lanka.
How to Send Money to Sri Lanka
Thousands of people like you send money back to Sri Lanka every week. With around 3 million Sinhalese and other Sri Lankans living outside Sri Lanka, everyone needs an easy and inexpensive way to send rupees back home to benefit family, friends and others.
Banks in neither your adopted country nor Sri Lanka have the best fees or exchange rates for converting money into rupees. That’s why it’s vital to compare all of your options for sending money back to Sri Lanka so your rupees can go further. Whether you want to make a one-off currency transfer or you need to send money online regularly, we can help you find the best options.
People from Sri Lanka send over $7 billion back home each year, that’s an average of $2,300 each. Our research shows that most people overspend by up to five percent on their transfers, so using a lower-cost provider could save Sinhalese and others up to $350 million collectively or up to $115 individually, every year.
You won’t get the best exchange rates from your bank or PayPal, and we want to stop you from overpaying. We make it easy to compare the best-value options for money transfer or you can select one of the recommended currency providers on this page. You can easily send money online and pay by wire transfer, bank deposit, card, cash or in some other way.
I Want to Transfer Money to Sri Lanka, but Which Provider Should I Use?
There are plenty of options for sending money back to Sri Lanka. Here on Monito we cover all the popular specialist money transfer providers and banks for converting your money into rupees and sending it home.
We know there are lots of ways to transfer currency to Sri Lanka, which is why we compare all of the most popular options side-by-side so you can make an informed choice. The best online money transfer provider for you will depend on several areas like the exchange rate they offer, how much you are sending, where you are sending from, the currency you are exchanging into rupees and some other factors.
We take all of those details into account when recommending the best way to send money to Sri Lanka. We’ll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending money to Sri Lanka from Saudi Arabia, the United Arab Emirates, the United Kingdom, India and other countries.
For most money transfer providers, you can either sign up through their websites or download their apps which will give you fast and easy access from any smart device. We provide a useful “Smart Alerts” service that tells you how currency exchange rates are changing so you can choose the best time to send rupees back to Sri Lanka. Learn more and sign up here.
The Cheapest and Best Ways to Send Rupees to Sri Lanka
There are several good options for online currency exchange, depending on how the person you’re sending money to wants to get access to their rupees.
Sending Less Than $200 in Rupees to a Bank Account in Sri Lanka
If you want to send money to a bank account in Sri Lanka, we recommend using a specialist currency provider. If you’re transferring under $200 or equivalent, your best options include TransferWise and Xendpay. You can find links to them elsewhere on this page.
Sending More Than $200 in Rupees to a Bank Account in Sri Lanka
If you’re sending more than $200, we recommend InstaReM, TransferWise and WorldRemit. You can find links to them elsewhere on this page.
Banks that You Can Transfer Rupees to in Sri Lanka
You can normally arrange to send rupees to any of the following banks: Commercial Bank of Ceylon, Sampath Bank Plc, National Savings Bank, People’s Bank and many more.
Cash Pick-Up Locations in Sri Lanka
Some of these banks are also popular locations for picking up rupees that you have transferred. If the beneficiary wants to collect rupees as cash in Sri Lanka without going through a bank, then providers like WorldRemit, Transfast or MoneyGram are good options. You can find links to them elsewhere on this page.
WorldRemit has hundreds of local bank, cash agent and partner locations where you can pickup cash in Sri Lanka.
If you have any questions about sending rupees to Sri Lanka, we’re happy to help, get in touch with us now.