Send money to Sri Lanka

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

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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 pound by comparing which services you can use and showing you what you should look for when choosing one.

Compare services that send money to Sri Lanka from the UK

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1 Same day GBP 0.00 237.574 LKR
237,574
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 1 1 - 2 days GBP 1.99 235.723 LKR
235,254
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
GBP 50 Same day GBP 2.99 236.439 LKR
235,732
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
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GBP 10 Within an hour GBP 2.00 237.562 LKR
237,087
First two transfers free for new customers.
Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points.
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Compare up to 4 providers

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

What services can send money to Sri Lanka?

You can transfer money from the UK to Sri Lanka in the following ways:

  • Local bank
  • InstaReM
  • Western Union
  • Ria
  • PayPal
  • TransferWise
  • Ceylon Exchange
  • WorldRemit

There are several other options, but the above tend to be the more popular choices. Find out more about each in the table above.

How to send money to Sri Lanka in a few simple steps

  1. Choose your service. Not all money transfer services send money to Sri Lanka from the UK. Use our table to see which ones do and compare exchange rates, transfer fees and more.
  2. Create an account. This usually involves providing forms of identification, like your driver’s licence or passport and proof of address.
  3. Pick your payment method. You can typically choose to pay from your bank account, credit card or debit card.
  4. Choose your delivery method. Do you want to send money directly to your recipient’s bank account, to their mobile phone, or arrange a cash pick-up in Colombo, Kandy or Ampara?
  5. Enter your transaction details. This includes the transfer amount, currency you’re sending and the recipient’s information.
  6. Review your transfer. Make sure the receiver’s details are correct. You can also review the final exchange rate and any other fees.
  7. Send your funds. The money will be deposited into your recipient’s account in Sri Lanka.
  8. Receive email/SMS confirmation. This will include your tracking number along with confirmation of your transfer. If the recipient is picking up cash, they’ll need to present this at collection.

How do I compare transfer companies for sending Sri Lankan rupees?

It’s important you compare the features of a range of companies before deciding on the best money transfer service for you. Make sure to consider the following factors:

  • Exchange rates. Look at how rates differ between competing providers. Higher rates mean a better deal, but keep in mind that companies with better exchange rates may charge higher fees.
  • Transfer fee. Compare the fees of each company and keep an eye out for services that waive the fees on a first transfer or above a certain amount.
  • Transfer time. Compare how long it will take your funds to reach the recipient, a factor which is especially important when you need to lodge an emergency transfer.
  • Pick-up methods. Can funds be picked up from a branch in Sri Lanka or is a bank account the only receiving option?
  • Minimum amounts. Keep an eye out for the fact that some providers will have minimum transfer limits in place. These can cause great inconvenience if you only want to send a small amount of money.
  • Customer service options. It’s reassuring to know that customer assistance will be offered whenever you need it. Look for phone support, email assistance and live online chat.

Exchange rates explained

The exchange rate tells us what a currency is worth in terms of another currency. These rates fluctuate all the time and while there’s no way to predict them, keeping an eye on them will tell you the best time to exchange money: the best time to send money to Sri Lanka is when either the Great British pound is strong or the Sri Lankan rupee is weak.

Below, you can see a real-time update of what the mid-market rate is for GBP/LKR as well as what it has been historically.

Today’s exchange rate GBP to LKR

GBP to LKR: Historical rate chart

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Updated: 13 Aug 2020 08:51:37 UTC

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

There are a number of options available when you need to send funds to Sri Lanka, including:

  • Bank to bank. Many major UK banks will allow you to transfer funds directly from your bank account to a Sri Lankan bank account.
  • Money transfer services. Companies like InstaReM and OFX offer quick online money transfers to Sri Lanka.
  • Cash pick-up. WorldRemit, Ria, Western Union and MoneyGram allow you to send money from your credit card or deposit cash. Your funds can then be picked up from agent locations across Sri Lanka within minutes.
  • International money order. Although it may be time-consuming, you can obtain an international guaranteed cheque from your bank and then send it overseas.

Case Study: James Sends Money to Sri Lanka

James is working in the UK and wants to send some money back home to his mom and dad. His bank doesn’t offer international transfers to Sri Lanka, so James decides to shop around for the money transfer company that offers the best deal.

Money transfer company 1Money transfer company 2
Exchange rate1 GBP = 220.31 LKR1 GBP = 216.55 LKR
Transfer fee£15£10
Transfer methodBank account depositCash pickup
Processing time2 business days10 minutes
Amount received in LKR for £1,000220,310 LKR216,550 LKR

While James’ parents would have to wait a little longer for the first transfer company, he thinks the extra 3,760 LKR is worth the longer processing time and higher fee on his end.

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Need to make an emergency cash transfer in Sri Lanka?

Sometimes situations arise where you need to send funds to Sri Lanka as quickly as possible. For example, your family in Sri Lanka may fall on difficult financial times or you may have a friend travelling through the region who has had their wallet stolen.

Whatever the case may be, remember to take the time to read all the fine print associated with your transaction. Familiarise yourself with the applicable exchange rate, transfer fee and the processing time offered. A little extra care now can save you a nasty surprise in the long run and will ensure that you end up with an affordable deal.

Tips for picking up cash in Sri Lanka

It’s important that you’re very careful when picking up a cash transfer. Take a friend with you for added safety and make sure to keep your cash hidden. Avoid any areas where muggings are prevalent and head straight to a bank to deposit all of your funds.

Make sure you take identification (passport, driver’s licence etc) with you when picking up funds. You may also need to make prior arrangements with an agent if you are picking up a large sum of cash.

Cash pick-up locations in Sri Lanka

Frequently asked questions

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