In this article, we’ll explore the available options to send money to Sri Lanka from UK.
Importantly, there are a number of options available to you, ranging from connecting an international digital bank account with free transfer services to traditional bank transfers – you can learn more about these here.
Of course, we’ll explore the other options for sending money to Sri Lank from the UK along with their pros and cons below.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Send Money to Sri Lanka From UK
- What Is the Best Way to Send Money to Sri Lanka?
- Frequently Asked Questions
- Ready to Explore Your Options?
Send Money to Sri Lanka From UK
To send money to Sri Lank from the UK, you can choose from one of five transfer options. These options include international bank transfers, international transfer services, money orders, and money transfer services, as well as alternative transfer options, which we’ll explore below.
That said, before choosing which transfer option is best for you, it’s important to consider the various factors that can influence which platform is best for sending money to Sri Lanka from the UK. Likewise, you should consider your specific priorities to decide which platform best matches your transfer requirements.
With this in mind, let’s look at the important factors that most people consider before choosing how to send money to Sri Lanka from the UK. This is followed by a look at the various priorities that people typically have when sending money.
Important factors to consider include:
- Transfer fees
- Foreign exchange rates
- Transfer speed
- Security of the transfer
- Tracking of the transfer
- Ease of sending
- Access to the desired method
Priorities when sending money
- Fastest transfer option
- Lowest-cost transfer option
- Safest transfer option
- Easiest to manage transfer option
Not surprisingly, many of the priorities align with the factors that most people consider when choosing how to send money to Sri Lanka from the UK. As you’ll see below, when reviewing these factors and priorities, you can start to shape which transfer method is best for you or your business.
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What Is the Best Way to Send Money to Sri Lanka?
There is no single best way to send money to Sri Lanka. But, there are ways to look at each of the available options so you can decide which option is best for you. With this in mind, let’s take a look at the most popular options for sending money to Sri Lanka from the UK now.
Ways to Transfer Money From the United Kingdom
Send Money Via a Bank Transfer
Bank transfers are best for individuals that are prioritizing security and sending large transfers. This is because bank transfers are sent through the SWIFT network over a direct connection between banks. However, you will need to confirm if the receiving bank in Sri Lanka requires the use of intermediary banks, which can result in additional fees and delays in sending the transfer.
Send Money Via a Transfer Service
Transfer services that specialize in cross-border transactions are best for individuals prioritizing low-cost and fast transfers to Sri Lanka. That’s because these services offer (in most cases) next-day transfers for a fraction of the cost that traditional banks charge. Additionally, they typically convert your British Pounds to Sri Lankan Rupee at competitive rates that are better than most banks.
Send Money Via a Money Order
Transfers sent via a money order are best for individuals that want to prioritize flexibility for the recipient when it comes to how they receive the funds. For example, money orders allow the recipient to pick up their transfer in cash at a money order location in Sri Lanka.
Alternatives Ways to Send Money to Sri Lanka
There are other alternative ways to send money to Sri Lanka from the UK, including money transfer services like PayPal, cryptocurrency transfers to wallets or exchanges, and even using a debit or credit card to fund transfers.
Frequently Asked Questions
Below are two of the most common questions that we receive from people looking to send money to Sri Lanka from the UK. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Can PayPal Send Money to Sri Lanka?
Yes, PayPal can send money to Sri Lank. If you already have an account with PayPal and so does the person that you want to send money, you can log in and send money to them right away.
Does Sri Lanka Use Western Union?
Yes, Sri Lanka does use Western Union. You can send money to and from Sri Lanka by opening an account with Western Union online or at a Western Union agent location. If a recipient is picking up cash at a Western Union branch in Sri Lanka, they will need to provide the sender’s details, show a piece of government identification, and provide the Money Transfer Control Number (MTCN).
Ready to Explore Your Options?
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Of course, if you have any questions, please contact us directly.