How to send money to Sri Lanka

Sending money to Sri Lanka doesn’t have to break the bank. Here’s how to send a secure and affordable transfer from the UK to Sri Lanka.

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When you need to send money to Sri Lanka, don’t let high fees or bad exchange rates get in your way. Compare your options to find a good deal, and ensure your money transfer goes smoothly by understanding the process. Between banks and money transfer companies, you have plenty of options to choose from to get funds to your recipient in Sri Lanka.

Make a transfer to Sri Lanka with WorldRemit

  • Use the code 3FREE to pay no fees on your first three money transfers
  • Choose how you want to send your money - via bank transfer, cash pickup or mobile money
  • Instant money transfers available

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
USD 1 1 - 2 days GBP 0.00 230.236 LKR
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 50 Same day GBP 2.99 231.609 LKR
Use promo code 3FREE to send your first 3 transfers with no fee.
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront.
Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 230.236 LKR
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
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.

How do international money transfers work?

International money transfers allow you to send money to a recipient in Sri Lanka by converting your pounds to Sri Lankan rupees. All you need to do is provide the funds to a bank or independent money transfer provider. Then your money will be converted to rupees, sent to your recipient in Sri Lanka and made available for cash pickup or directly deposited into their bank account.

Banks versus money transfer companies

The Sri Lankan rupee is an exotic currency, which means it isn’t widely traded. If you’re looking to your bank to make a transfer, you may be out of luck — many banks don’t conduct transfers for exotic currencies. Those that do often charge high fees and offer a low exchange rate.

Money transfer companies are a popular alternative to banks. They often offer transfers for exotic currencies like the Sri Lankan rupee, and you may not be charged as high of a fee as with a bank. On top of these two excellent features, money transfer companies also tend to have faster processing times, meaning you can get money to your recipient quickly.

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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How to send money to Sri Lanka

  1. Choose a transfer provider who sends money to Sri Lanka.
  2. Register with the provider on their website providing your name, address, contact information and date of birth. A valid photo ID will also be required.
  3. Provide your recipient’s name, address and contact details. Depending on the transfer method, you may also have to supply their bank account information.
  4. Enter the amount you want to transfer, complete your transaction and save your tracking or receipt number to follow up on the progress of your transfer.

Foreign exchange rates explained

Banks and other international companies use exchange rate to calculate how much one currency is worth when traded for another currency. A country with a strong currency, like the UK, has an advantage — it will yield more money when exchanged for a weak currency. This number is flexible and can change with fluctuations in the market. If you’re planning on making multiple money transfers to Sri Lanka, keep an eye out for dips in the exchange rate that could get your recipient even more money.

Get live exchange rates for LKR

Emergency cash transfers in Sri Lanka

When you need to send an emergency transfer to Sri Lanka, watch out for high fees and poor exchange rates. The fast processing time often translates to a worse deal, but when you’re in a rush, it could be worth it. If you decide an emergency transfer is your best decision, you should still check and make sure that you know exactly how much your transaction will cost.

Tips for picking up cash in Sri Lanka

If your recipient decides to pick up a cash transfer, remind them to stay safe and be on the lookout for thieves. Avoid high crime areas and never take out large sums of money in public. The best course of action is to deposit all cash in a safe or at the bank as quickly as possible to lower the chances of losing any money or having it stolen.

Bottom line

Money transfers to Sri Lanka may not be readily available through your bank, but you still have choices when it comes to getting a decent deal. Compare your money transfer company options and review our guide to money transfers to ensure that you know how to spot a good exchange and take advantage of low fees.

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Global Reach
Global Reach
Send money overseas in a few simple steps Lock in your exchange rate for up to two years Best exchange rate guarantee Personalised quotes and professional customer service
Use the code 3FREE to pay no fees on your first three money transfers Choose how you want to send your money - via bank transfer, cash pickup or mobile money Instant money transfers available
Currencies Direct
Currencies Direct
Currencies Direct make moving money abroad simple, swift and secure. Great rates, no fees and expert support whether you transfer online, over the phone or by app. Available in more than 200 countries and 40 currencies
Sign up and start sending money within minutes with this peer-to-peer transfer service Transfer money at the mid-market exchange rate No hidden fees Transfers from pounds typically only take one day
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