In August 2024, The Sri Lanka High Commission estimated that 700,000 Sri Lankans are living in the UK. In fact, Sri Lankans have been migrating here for generations. So it’s vital there’s an easy and worry-free way of moving money back to the Resplendent Isle.
And now Zing gives you a convenient, great value way to send money to Sri Lanka.
Read on to discover the top tips to consider before you send your money.
Check the exchange rate and fees first:
If you’re moving large amounts of money, you’ll want to keep an eye on the exchange rate between the £ (GBP) and the Sri Lankan Rupee (LKR).
The rate can change on a daily basis, so it’s worth looking at how the currency has performed over the past weeks or months.
Timing is key. The better the exchange rate the further your money will go in Sri Lanka.
Our currency calculator gives you a quick and easy way to check real-time and transparent currency conversion rates.
We let you know upfront how much money your payee will get and how much it will cost you to send. Any fees are clearly displayed – so you can make an informed decision before sending your money to Sri Lanka.
Pick your transfer method:
Using Zing will get your payments to friends, family and businesses in Sri Lanka securely, with payment tracking and 24/7 customer support from real people.
Zing makes international payments worry-free. But there are some other transfer methods you may also want to consider.
Bank transfers
Using your high street bank to send money to Sri Lanka might seem like the obvious choice. It’s secure and convenient, but it might not offer you the best value for money and can take days for your payee to get their money.
You’ll usually find better currency exchange rates through international money apps like Zing, and you’re likely to save on fees, too. High street banks tend to charge for sending money internationally and sometimes the receiving bank will also add a fee for the transaction.
To send a bank transfer to a Sri Lankan account you’ll need the following payee details:
Payee name
Account number
Bank code – should be 4 digits
Branch code – should be 3 digits
The payee’s relationship to you
Physical cash transfer services
Equally convenient are the cash transfer services found on the high street. These are useful if your payee doesn’t have a bank account and needs money fast. They can simply pick up the cash from their local branch.
But you do pay a hefty sum for this convenience. Fees are often high and go up depending on how much you send and how fast you need it to arrive. The total amount you can send is usually quite low too, so it might not always be the most practical service.
Online services
Some online cash transfer services give payees the option to pick up money, too. Even if they don’t have a bank account.
It’s a fast way of transferring money, but keep an eye on the high fees and low exchange rates. The amount you can send in cash is often quite low, too.
Some online services and apps give you the option to send money to a bank account, debit card and mobile wallet. Alway check the exchange rate and fees that you’ll need to pay first before deciding what’s the best method for you and your payee.
Send more for less with Zing
Zing balances the best of both worlds when it comes to sending money from the UK to Sri Lanka.
We offer easy and secure payments to Sri Lanka, with low fees. And we use streamlined payment methods.
Plus, we’re upfront with our fees. We use real-time GBP to LKR exchange rates and show you a breakdown of fees before you decide to send any money.
You can see and track the latest exchange rate for Great British Pounds to Sri Lankan Rupees by using our currency calculator.
Currency conversion fees from GBP to LKR start from a low 0.35% and there are no fees on the first £500 you send each calendar month until the end of 2024.
Send money to Sri Lanka the worry-free way, with Zing.
*The Calculator reflects there are zero conversion fees for the first £500 or equivalent amount converted per calendar month until December 30th 2024. T&Cs apply.
This page was last updated September 2024. Please note that this information is provided for general guidance and does not constitute advice. We always recommend seeking your own financial advice or legal advice from a professional before making any financial decisions.
