Compare your options below for sending money to Sri Lanka
You can use the table below to compare the features of the money transfer services that send Sri Lankan rupees. Input how much you're thinking of sending in the calculator to get an even better idea.
The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.
How to send money to Sri Lanka in a few simple steps
Choose your service. Not all money transfer services send money to Sri Lanka from Australia. Use our table to see which ones do and compare exchange rates, transfer fees and more.
Create an account. This usually involves providing forms of identification, like your driver's licence or passport and proof of address.
Pick your payment method. You can typically choose to pay from your bank account, credit card or debit card.
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?
Enter your transaction details. This includes the transfer amount, currency you're sending and the recipient's information.
Review your transfer. Make sure the receiver's details are correct. You can also review the final exchange rate and any other fees.
Send your funds. The money will be deposited into your recipient's account in Sri Lanka.
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 Australian dollar 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 AUD/LKR as well as what it has been historically.
There are a number of options available when you need to send funds to Sri Lanka, including:
Bank to bank. Many major Australian 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.
Let's crunch the numbers: Your local bank vs a money transfer company
To show you how a bank transfer compares to an online money transfer specialist, we've put the two head to head. For this example, we'll be using a $1,000 transfer to a bank account to compare.
Major Australian bank
Money transfer specialist
AUD1 = LKR124.975
AUD1 = LKR130.2645
2–5 business days
1–2 business days
Total rupees received
Not only are the fees higher at a bank, but the exchange rate is worse as well. For this transfer, you'll end up getting a lot more value out of the money transfer service.
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
The Department of Foreign Affairs and Trade (DFAT) recommends that Australian travellers in Sri Lanka should "exercise a high degree of caution". Taking this advice on board, 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
Bank of Ceylon
Central Bus Stand
Bank of Ceylon
City Office 41 Bristol Street, Colombo
Sampath Bank – Maradana
657 Kularathna MW
Maradana Rd Colombo 10 Maradana, 0
Open 8am to 5pm seven days a week
No 1119 Maradana Rd
Open 8:30am to 5:30pm Monday to Friday, open 8:30am to 1pm Saturday
Armour Street Pawn Shop 58
Armour St Colombo, Western
Open seven days 9am to 6pm
Niketh Money Exchanger
325, Third Floor, Majestic City
Open Monday to Saturday 10am to 7:30pm, open Sunday 10am to 5pm
Bank of Ceylon
115A D.Senanayayka St
Bank of Ceylon
Sampath Bank Kandy
NO 19 Dalada Veediya
Open 7am to 10pm seven days a week
National Savings Bank
88 Kotugodalla Street
Open 8am to 5pm Monday to Saturday
Amana Bank Limited
No 105 Kotugodella Veediya
Open 9am to 4pm Monday to Friday
Lakderana Investments Ltd
159 Katugastota Road
Open Monday to Friday 9am to 4pm, open Saturday 9am to 1pm
Frequently asked questions
Yes, there are some companies that allow transfers by card. Keep in mind that not all will do it and if one does, there's normally a higher fee involved.
Although it varies, you'll generally need the following:
Your recipient's full name and bank account details
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of major banks, insurers and product issuers.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions.
Products marked as 'Promoted' or "Advertisement" are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options and find the best option for you.
The identification of a group of products, as 'Top' or 'Best' is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment.
We try to take an open and transparent approach and provide a broad based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.