Compare Money Transfers to Sri Lanka

Compare money transfers to Sri Lanka with and find the best deal for you. Whether you're sending money to a relative or buying a property.

Equals Money International Payments
Transfer speed Same day
Transfer methods Telephone, online & app
Transfer fees Free
Get great exchange rates for a range of payment solutions, with an expert account manager.
If you have an online account with Equals Money, you can also pay from balance.
XE Money Transfers
Transfer speed 1-2 days
Transfer methods Online & app
Transfer fees Free
Fast and easy online money transfers to over 130 countries. Keep more of your money when you transfer with Xe.
Regency Fx
Transfer speed Under 24 hours
Transfer methods Telephone, online & app
Transfer fees Free
Regency FX specialise in assisting clients with large currency transfers with zero fees and same day transfers.
Transfer speed 1 day
Transfer methods Telephone, online & app
Transfer fees Free
Fast, fee-free currency transfers at excellent exchange rates from the UK’s International Money Transfer Provider of the Year (Moneyfacts 2016-2020). Transfer amounts from £2,000 over the phone with your Personal Account Manager or online 24/7.
Transfer speed 1 day
Transfer methods Online & app
Transfer fees Varies
Remitly helps people send money internationally from a mobile phone or computer, going beyond the transaction to help immigrant communities thrive.
Currencies Direct
Transfer speed 1 day
Transfer methods Telephone, online & app
Transfer fees Free
Competitive exchange rates and no transfer fees. Speak to a currency expert and maximise your transfers. MoneyAge award winners 2016-2018. More than 325,000 customers, rated 5* on Trustpilot.
Western Union
Transfer speed Varies
Transfer methods Online, app & in person
Transfer fees Free*
With Western Union, you can make a money transfer, track its progress, view countries’ exchange rates and find agent locations local to you, at home or on the go.
Western Union new customers enjoy £0 transfer fee* on their first online transfer and get our best FX rates for cash pickup each time you send (on the first and subsequent money transfers). *FX gains apply.
Key Currency
Transfer speed Under 24 hours
Transfer methods Telephone & online
Transfer fees Free
Independent currency specialist with no hidden fees and competitive exchange rates.
Transfer speed 0-2 days
Transfer methods Telephone, online & app
Transfer fees Free
OFX has over 20 years’ experience in FX and offers excellent 24/7 customer support, competitive foreign exchange rates and zero OFX fees.
Transfer speed Within minutes*
Transfer methods Online & app
Transfer fees £1
Transfer money online to over 150 countries around the world for only £1
*funds are received within minutes in most cases (for some countries it can take up to 3 working days depending on the local bank).
Transfer speed 1 day
Transfer methods Online & app
Transfer fees From £0.99
TransferGo enables customers to send money to over 160 countries in minutes.
World Remit
Transfer speed 1-3 days
Transfer methods Online & app
Transfer fees From £1.99 + 0.6%
Transfer money to more than 145+ countries. Accessible online or via iOS and Android apps. All funds protected by industry-leading security technology.
Transfer speed 2 days
Transfer methods Online & app
Transfer fees From 0.35%
A fast, easy, and secure way to pay online, in apps, or in person. Pay wherever you see the contactless symbol or Apple Pay mark. Or simply check out with Apple Pay online without entering your details.
Transfer speed 1 day
Transfer methods Online & app
Transfer fees €3
Securely send money to over 150 countries. Fully licensed and regulated, with a 10-year track record of best-in-class service for quick, low-cost money transfers.

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Excellent TrustPilot TrustPilot Team

Our experts have been behind some of the most loved UK financial brands

We're on a mission to improve the finances of the nation by helping you to spend wisely and save money

Excellent TrustPilot TrustPilot Team

Finding the best way to send money to Sri Lanka for you

By Laura Rettie, Personal Finance Journalist.

Laura Rettie

Finding the right deal when making an international money transfer can be difficult. Read our handy guide to discover how to get the best deal for you when sending money to Sri Lanka.

How can I send money to Sri Lanka?

There are a number of ways you can send money to Sri Lanka, each with its own benefits and drawbacks. Some of the most popular ways to send money to Sri Lanka are:

International Bank Transfers

International bank transfers, also known as wire transfers, allow you to send money directly from your UK bank account to a Sri Lankan bank account.

The majority of banks will offer an international payments service, although to use it, you will likely need to have an existing account open with them. Although it may seem like a wise choice to use your current bank when making an international transfer, it could be costly. Many banks will charge a relatively high fee and offer some of the worst exchange rates, though this does vary between individual providers.

Some digital banks, such as Monzo or Starling, can offer competitive rates and fees when it comes to international transfers, but it's still worth comparing all your options.

Currency Brokers

Currency brokers offer a personalised service coupled with FX expertise; they will often find the most competitive deals for their clients.

Brokers can be a great option if you need to send a large sum to Sri Lanka or are looking to make regular payments. It's common to need an account with a currency broker before you can make a transfer, but they will also give you the option of locking in your exchange rate for a certain period of time, which can be beneficial if you're going to be making regular payments.

Online Money Transfer Providers / Money Transfer Apps

Money transfer apps and online money transfer providers are the newest and one of the most popular ways for people to transfer money abroad.

These could be a good option if you're looking to make a one-off or smaller payment to Sri Lanka. Money transfer apps will often offer lower fees than banks and allow you to make payments from your phone.

Money Transfer Agents

Money transfer agents, like Western Union, are the original way to send money abroad, and whilst most of them now have online or app facilities, you would traditionally need to, and still can, visit a branch to speak to an agent face-to-face in order to make a transfer.

Money transfer agents provide a range of money transfer solutions; they offer the ability for the recipient to go to a local branch to collect the money in cash or to deposit it into a bank account.

Transfer agents often charge lower fees than banks, though they're not always the cheapest option, and the total fees and exchange rates you need to pay can vary depending on several factors such as recipient country, currency and how you pay for the transfer.

How much does it cost to send money to Sri Lanka?

The amount it costs to send money to Sri Lanka depends on several factors, including;

  • The provider you choose - Different providers will charge different amounts; some providers won't charge a transfer fee but will make money by buying currencies at a cheaper exchange rate than the one they offer customers. This is a common practice and is often still the case for providers who also charge a transfer fee.
  • How much you want to send - Whilst some international money transfer providers will charge a flat fee, others will charge their transfer fee as a percentage of the transfer amount.
  • The exchange rate on offer - When sending money to Sri Lanka, you will have to pay the exchange rate, no matter what provider you choose. However, exchange rates can vary significantly from provider to provider.
  • How you pay for the transfer - Some credit card providers will treat an international money transfer as a cash advance, so depending on your card and provider fees and interest rates, this can be an expensive option. Additionally, the exchange rate you're offered can vary depending on how you pay for the transfer.

It's important to compare your options and weigh up the total cost of the transfer to find the best deal.

How long do money transfers to Sri Lanka take?

How long it takes to transfer money to Sri Lanka can vary between providers and also depends on what payment method you choose. Some will offer transfers "in minutes" whilst others can take between 1-5 days.

International bank transfers will usually take between 1-5 business days, whereas cash transfers through money transfer agents or using specialist money transfer apps can mean the money is available almost instantly.

Some providers will offer you a faster transfer for an additional fee, whilst others will give their fastest transfer as standard. So it's important to compare providers and consider all your options, especially if you're looking for a quick transfer.

What do I need to be able to send money to Sri Lanka?

The details you need to be able to transfer money to Sri Lanka will depend on the method chosen for both sending and receiving and the provider you use.

Below is a list of details that you might need, so be prepared to provide:

  • how much money you'd like to send
  • your contact details
  • your recipient's contact details
  • the recipient's bank details, including BIC/SWIFT code
  • proof of identity
  • your bank/payment details

How much money can I send to Sri Lanka?

Different providers may impose a minimum or maximum transfer amount, but as a general rule, there is no limit to the amount of money you can send to Sri Lanka.

If you're planning on sending a large amount of money to Sri Lanka, it's a good idea to research any Sri Lankan laws, regulations and tax implications, and if you're unsure, speak to a specialist.

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

The best way for you to transfer money to Sri Lanka will depend on your individual needs. It's important to do your research and consider all options and costs before choosing a provider. Using a comparison site like ours is a good way to get a clear picture of different providers.

The information provided does not constitute financial advice, it’s always important to do your own research to ensure a financial product is right for your circumstances. If you’re unsure you should contact an independent financial advisor.

Frequently asked questions

Are money transfers taxed?

Different countries have different rules regarding how any money received is taxed, but it is likely to depend on the reason for receiving it, such as gifts from family members, income from rental properties abroad or inheritance.

If you’re unsure whether the money you transfer or receive from abroad is subject to taxation, it’s a good idea to seek the help of an independent financial adviser.

Is it safe to transfer money online?

Whilst there are a number of online money transfer scams, it is generally safe to send money abroad online. As long as you use a regulated, reputable company and do your research, your money should be safe.

Why do different companies offer different exchange rates?

The exchange rate providers offer is based off the interbank rate, which changes regularly. Some companies will offer customers a worse exchange rate than they buy the currency for in order to not have to charge a transfer fee. Some companies will do this as well as charging a transfer fee.

It’s a good idea to compare the total cost of different transfers to find the best deal.

Are money transfers FCA regulated?

Yes, all UK-based money transfer companies need to be either authorised or registered by the FCA (Financial Conduct Authority).

FCA authorised companies are generally the safest option, as they have to safeguard your money by keeping it separate from company funds, making it easier to get your money back if the company goes bust.

FCA-registered money transfer companies don’t have to place the same safeguards in place; they simply need to prove they are based in the UK and that managers haven’t had any convictions for financial crimes.

If you want to check if a company is authorised or registered by the FCA, you can check the Financial Services Register.

Some money transfer companies won’t be based in the UK, so it’s worth checking if they are regulated by foreign equivalents.