Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Send money to Sri Lanka

Take advantage of low fees and competitive exchange rates when sending money to Sri Lanka.

Updated . What changed?

Fact checked

Whether you’re sending money to family or conducting business in Colombo, you’ll want to find the best money transfer service possible.

This guide will help you get the most rupees for your dollar by comparing which services you can use and showing you what you should look for when choosing one.

Send money to Sri Lanka with TransferWise

以透明的匯率,低收費及低最低金額的網上服務作匯款。
TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.

  • 受政府監管
  • 支援超過45+種貨幣
  • 使用中端市場匯率
Promoted

Compare your options below for sending money to Sri Lanka

You can use the table below to compare the features of the money transfer services that send Sri Lankan rupees. Input how much you’re thinking of sending in the calculator to get an even better idea.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 60 1 day HKD 0.00 25.1 LKR
250,999
Skrill能令你輕鬆匯款至多個熱門目的地,可是要留意其加上的手續費。 Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees. Go to site Show details
USD 10 1 - 2 days HKD 180.00 25.196 LKR
247,421
以透明的匯率,低收費及低最低金額的網上服務作匯款。 TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 50 1 day HKD 35.00 25.196 LKR
251,074
快捷又簡單的國際匯款服務,大部分匯款收取固定的0.5%手續費。部分貨幣更不設保證金率。 InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
SGD 1 1 day HKD 82.00 25.196 LKR
249,890
你首兩次港幣$15,000或以下的匯款,手續費全免。Pay no fees on your first two transfers, up to HK$15,000.
象徵式收費以及中間價匯率,可匯款至高達30多個國家。 SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
USD 1 Within an hour HKD 20.00 25.095 LKR
250,447
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務,。 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
USD 100 1 day HKD 15.00 24.818 LKR
247,805
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用45種貨幣匯款。 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
GBP 5,000 1 - 2 days HKD 0.00 24.818 LKR
248,177
可匯款至20+個國家,無手續費。 CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What’s the best way to send money to Sri Lanka?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Sri Lanka. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like SingX specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Sri Lankan bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram and WorldRemit allow you to transfer cash for pickup at a local branch in Sri Lanka — often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees.

Banks

Sri Lankan rupees are not a popular currency, but your local bank may be able to exchange them. If your bank supports Sri Lankan rupees, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Sri Lanka.

How to send money to Sri Lanka online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their Sri Lankan bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Sri Lanka. Some money transfer providers send a text or email when your transfer is complete.

What are the ways that I can send money to Sri Lanka

  • Bank transfers. Many major Hong Kong banks will allow you to send money to Sri Lanka.
  • Money transfer providers. Providers like TransferWise can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union and WorldRemit allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from Hong Kong to Sri Lanka.
  • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or Hong Kong Post.
Back to top

Let’s crunch the numbers: Sending $10,000 to Sri Lanka

Let’s say you need to send $10,000 to family in Sri Lanka. Here’s what you might face as far as fees and exchange rates as of 1 Jan, 2021.

Digital money transfer serviceCash transferBank transfer
Fee52.77 HKD25.00 HKD65.00 HKD + additional correspondent bank fees
Exchange rate1.00 HKD = 23.9667 LKR1.00 HKD = 23.2831 LKR1.00 HKD = 20.2834 LKR
Transfer speed1-2 dayMinutes2-5 days
Amount received238,444.70 LKR232,249 LKR201,521 LKR
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in Sri Lanka. If you go with the digital money transfer service, your recipient ends up with 36,923.7 LKR more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to Sri Lanka in as little as 15 minutes, just make sure there is a cash pickup location near your recipient before sending.

How to get the most out of your money transfer to Sri Lanka

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Sri Lanka to best meet your needs:

  • Exchange rates. The HKD-LKR relationship fluctuates often, so using a service that allows you to lock-in exchange prices may help you save money down the line if the Sri Lankan rupee rises against Hong Kong dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger HKD-LKR exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of Sri Lankan rupees you’re sending to Sri Lanka.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Sri Lanka.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a Sri Lankan bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer

When urgency trumps cost to get your money to Sri Lanka quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Sri Lanka without a bank account

Cash transfer services can help you if you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Sri Lanka’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Sri Lanka’s exchange rate is flexible compared to the US dollar, and the HKD-LKR relationship may make sharp movements based on global events. Factors that influence the exchange rate include interest rates, economic stability and inflation.

1
0
Updated: 21 Jan 2021 03:02:20 UTC

Documents needed for sending to and receiving money in Sri Lanka

To send money to Sri Lanka from Hong Kong, you’ll need government-issued ID and other documents, while documents needed to pick up money in Sri Lanka may be different by company.

Documents to send money from Hong Kong

To send money from Hong Kong to Sri Lanka, you’ll need documentation and details that include:

  • Identification. Most services require a driver’s license, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number and Sri Lankan bank account information.

Documents to receive money in Sri Lanka

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Sri Lankan Passport, Sri Lankan ID or similar official ID may be required to pick up your transfer..
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

Bottom line

Sending your hard-earned money to Sri Lanka shouldn’t cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site