Wire Money to Sri Lanka Safely and Easily

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Wiring money to Sri Lanka can be a straightforward process if you know the right steps to follow. You can use services like Western Union or MoneyGram to send money to Sri Lanka, which have a wide reach and are available in many locations.

To send money online, you'll need to provide some basic information such as the recipient's name, address, and a unique reference number. This information can be found in the "How to Send Money to Sri Lanka Online" section.

The transfer process typically takes a few minutes to an hour, depending on the service and the time of day. You can also track the status of your transfer in real-time using the service's online tracking system.

Once you've completed the transfer, the recipient can pick up the cash at a local agent location in Sri Lanka. Make sure to provide the recipient with the reference number to ensure they can collect the cash safely and easily.

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Sending Money from UAE

Credit: youtube.com, The easiest and fastest way to Send Money to Sri Lanka within seconds. 👇

You can send money from the UAE to Sri Lanka with Al Ansari Exchange, which offers convenient online money transfers and over 260 branches across the UAE.

Their mobile app makes sending money online quicker, easier, and more secure, allowing you to pick from different payment options and enjoy the best exchange rates.

You can use the Al Ansari Exchange mobile app to transfer money from any place at any time, 24/7.

Charges to Sri Lanka may vary depending on services and the amount of transaction, and you can contact Al Ansari Exchange on 600-54-6000 for more information.

Five percentage VAT is applicable on charges.

With Al Ansari Exchange, you can send money to Sri Lanka through value transfer, instant transfer, and cash pickup services on an affordable basis to all banks and agents in Sri Lanka.

Al Ansari Exchange has been serving the Remittance & Foreign Exchange Sector for over 50 years, making it a reliable choice for money transfers to Sri Lanka from the UAE.

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How to Send Money

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To send money to Sri Lanka, you can use various methods, including wire transfer, online transfer, or cash pickup.

You can wire transfer money to Sri Lanka through your bank, which will send the payment directly to your recipient's local bank account in their chosen currency.

Some banks also offer online banking services to initiate international money transfers, making it convenient for you to send money from the comfort of your own home.

If you prefer to make your payment online or using your smartphone, you can choose your own bank's online banking service or an international payment specialist, which can often offer better exchange rates and lower fees than banks.

However, traditional bank transfers can be more expensive and take longer to process, typically taking 2-5 business days to complete.

If you need to send money quickly, consider using a money transfer company like Wise, which can transfer money instantly or within 24 hours, depending on the transfer method.

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Payment Methods and Options

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You can send money to Sri Lanka using a variety of payment methods, including bank transfers, cards, and online payments. Some services, like Revolut, offer competitive exchange rates and lower fees, making them a great option for bank transfers.

Western Union Digital Banking app allows you to send money online with a digital banking app from Italy to anywhere in the world, including Sri Lanka. You can also use their app to send money on the go or visit one of their thousands of agent locations in Italy.

Some popular payment methods for sending money to Sri Lanka include bank transfers, debit and credit cards, and online payments. Here are some options:

  • Bank transfer: typically the cheapest payment method, as seen with Revolut's average fee of 0 LKR for sending money to Sri Lanka.
  • Debit card: Wise is a leader in debit card payments to Sri Lanka, competing among a total of 13 active money transfer companies.
  • Credit card: Instarem emerges as a top choice for sending LKR via credit card, but be aware that cash advance fees may apply.

Pay How You Like

You can send money to Sri Lanka however suits you best, whether it's online, via an app, or in person at a Western Union agent location. This flexibility is one of the reasons why Western Union is a popular choice for international money transfers.

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You can use the Western Union Digital Banking app to send money online from Italy to anywhere in the world, including Sri Lanka. This app allows you to send, save, and store money in one convenient place.

Bank transfers are often the cheapest payment method, which is why they're the method used to compare providers on Exiap. For example, bank transfers, card (debit or credit), SWIFT, Google Pay, Apple Pay, and online are all payment options available for sending money from the United States to Sri Lanka with certain providers.

Cash Express at Al Ansari Exchange offers instant money transfers to Sri Lanka, whether it's cash-to-bank or cash-to-cash. This service is available at Al Ansari Exchange branches across the UAE.

Here are some payment methods available to fund your transfer to Sri Lanka:

  • Bank transfers are often the default option for sending money to Sri Lanka. By using a money transfer company available in Sri Lanka such as Revolut, you can send money via a bank transfer (or ACH) while benefiting from lower fees and more favorable exchange rates.
  • Sending money to Sri Lanka with a debit or a prepaid card is very simple with Wise. Wise is a leader in debit card payments to Sri Lanka, competing among a total of 13 active money transfer companies.
  • When it comes to sending LKR via credit card, Instarem emerges as our top choice of the 13 companies offering this service. Fee alert: using a credit card to transfer money often results in a cash advance fee being charged by your card issuer.

International Limits

International Limits can be confusing, but the good news is that there's no legal limit on how much money can be sent to or from the US.

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However, banks and other payment providers may impose their own limits, which can vary widely between providers.

These limits can also change depending on how you want to fund your transfer, such as paying by card or using a bank transfer.

You might find different limits in place when paying by card compared to paying using a bank transfer, for example.

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Cost

Sending money to Sri Lanka can be a bit tricky, but understanding the costs involved can help you make an informed decision. The charges to send money from the UAE to Sri Lanka may vary depending on services and the amount of transaction.

If you're looking for the cheapest way to send money to Sri Lanka, Wise is the way to go, with a transfer fee of 47.33 USD. This is significantly cheaper than Remitly, which charges 91.29 USD for the same service.

The exchange rate markup can also add up, with some services adding a 3% markup on top of the real LKR rate. Revolut, on the other hand, offers a very competitive exchange rate with a 0.16% markup.

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Here's a breakdown of the costs involved:

It's also worth noting that the speed of transaction can vary depending on the service and your individual circumstances. Some services, like Wise and Remitly, claim to offer fast transactions, while others, like XE, may take a bit longer.

In any case, it's essential to factor in the transfer fees, exchange rate markup, and any additional fees when calculating the total cost of your money transfer to Sri Lanka.

Maximum Protection Against Fraud

To ensure maximum protection against fraud when sending money to Sri Lanka, it's essential to use a regulated money transfer company.

Using a company that's registered and regulated both in your home country and Sri Lanka provides an added layer of security.

You can check if a provider is registered with the Financial Crimes Enforcement Network (FinCEN) in the United States, for example.

It's also crucial to only transfer money to those you know and trust, as this reduces the risk of fraud.

Alternatives and Options

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You've got options when it comes to sending money to Sri Lanka. Western Union offers convenient ways to send and receive money, including online transfers, mobile apps, and in-person transactions at thousands of agent locations in Italy.

You can send money online using the Western Union Digital Banking app, sign up on their website, or use their money transfer app to send money on the go. If you prefer a personal touch, you can also visit one of their agent locations in Italy to make a seamless transfer to Sri Lanka.

Western Union also offers transfers to Sri Lanka, where you can receive funds directly into your receiver's bank account, or opt for cash pickup at one of their agent locations throughout Sri Lanka.

If you're looking for the cheapest way to send money to Sri Lanka, Wise is the cheapest option, with a fee of 47.33 USD and a USD/LKR exchange rate of 296.3050. XE and Remitly are also options, but they come with higher fees of 60.00 USD and 91.29 USD, respectively.

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Here's a quick comparison of the fees and exchange rates for these services:

It's worth noting that traditional banks often add a hidden markup to the exchange rate they offer, so it's essential to compare fees and exchange rates carefully before making a decision.

Understanding and Learning

You can get a free quote before sending money to Sri Lanka with Western Union, which helps you calculate any costs beforehand.

With Western Union, you can check the exchange rate for EUR to LKR (Sri Lankan rupee) at any time, with no obligation to send money later.

You can request a free quote by converting EUR to LKR on the Western Union website.

There are several ways to transfer money to Sri Lanka, including at an agent location, via your bank account, via Apple Pay on the Western Union app, or with your credit or debit card.

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Learn More About

You can get a free quote before sending money to Sri Lanka with Western Union. This allows you to calculate any costs before sending money.

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Transfer fees can vary depending on the service and deposit method. For example, bank transfers can range from $0 to $4, debit cards from $1 to $16.26, and credit cards from $1.33 to $0.99.

Western Union also offers a convenient way to transfer money, allowing you to carry out your transfer at an agent location, via your bank account, via Apple Pay on their app, or with your credit or debit card.

If you don't have all the required information for your receiver, you can put your money transfer on hold with Western Union and complete it from the history page when you're ready.

Revolut offers one of the best exchange rates, adding only 0.11% markup to the USD-LKR exchange rate.

Understanding AUD

Understanding AUD requires knowing its exchange rate with other currencies, such as LKR. This rate can change due to economic conditions and global market trends.

The exchange rate between AUD and LKR is crucial when sending money to Sri Lanka. It determines how much your money is worth once it reaches Sri Lanka.

Woman posing on a street in Galle, Sri Lanka with rickshaws and shops around. Ideal for travel and lifestyle themes.
Credit: pexels.com, Woman posing on a street in Galle, Sri Lanka with rickshaws and shops around. Ideal for travel and lifestyle themes.

Reliable sources like XE.com can help you find current rates and trends for the best value. This knowledge helps you make informed decisions and get the most out of your transfers.

The connection between Sri Lankans abroad and their home country is strong, and understanding AUD is key to effectively transferring money.

Mobile and Online Services

Rocket Remit is a popular choice for sending money to Sri Lanka, known for its speed and simplicity, along with great FX rates. It allows users to send money directly to mobile wallets and bank accounts.

Mobile apps have changed the way people send money to Sri Lanka, offering a convenient, fast, and often cheaper alternative to traditional bank transfers. Remitly and PayPal are also widely used mobile apps for sending money to Sri Lanka.

Rocket Remit offers competitive exchange rates and low fees, making it a preferred option for many. It's also known for its express option that delivers money within minutes.

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You can transfer money directly to a bank account in Sri Lanka or to an eZ Cash or Dialog mobile money account using online services like Rocket Remit.

Here are some of the most popular online services used for sending money to Sri Lanka:

  • Rocket Remit
  • Remitly
  • PayPal

Sending money with a credit card or debit card can mean your funds are received quickly, but it often comes with additional fees. However, some specialist international money transfer providers like Wise, XE, and Remitly do offer the option to fund transfers with a credit or debit card.

The Al Ansari Exchange mobile app makes sending money online quicker, easier and more secure. You get the benefit of picking from different payment options, enjoying the best exchange rates, and discovering many other advanced features.

Frequently Asked Questions

How much money can you legally wire transfer internationally?

International wire transfer limits vary by bank, but most allow transfers up to a certain amount, typically above $10,000, which may be subject to IRS reporting

Does PayPal support Sri Lanka?

Yes, PayPal supports sending money to Sri Lanka. With a PayPal account, you can easily send money to Sri Lanka from anywhere.

Anne Wiegand

Writer

Anne Wiegand is a seasoned writer with a passion for sharing insightful commentary on the world of finance. With a keen eye for detail and a knack for breaking down complex topics, Anne has established herself as a trusted voice in the industry. Her articles on "Gold Chart" and "Mining Stocks" have been well-received by readers and industry professionals alike, offering a unique perspective on market trends and investment opportunities.

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