Send money to Sri Lanka

Wise, Remitly, and Western Union Digital consistently offer the best rates on the GBP-to-LKR and USD-to-LKR corridors. For transfers from the Middle East, local providers like Al Ahalia and UAE Exchange often compete well. Always compare the total LKR received — the exchange rate spread is the main cost driver.

Bank deposits via specialist providers typically arrive within 1–2 business days. Remitly's Express option can deliver within hours. Cash pickup through Western Union is available within minutes at most urban agents. CBSL regulations require banks to process inward credits within 24 hours of SWIFT receipt.

You need the recipient's full name, account number, and the bank's SWIFT code. Sri Lanka does not use IBAN. Common SWIFT codes: Hatton National Bank (HBLILKLX), Commercial Bank (CCEYLKLX), Bank of Ceylon (BCEYLKLX), Sampath Bank (BSAMLKLX). Always confirm with your recipient as branch codes vary.

Personal remittances received in Sri Lanka are not subject to income tax. However, individuals who are tax residents should declare large receipts as part of their total income statement if required. Business income remitted from abroad is treated differently. For amounts over $10,000 equivalent, banks may request source-of-funds documentation.

Sri Lanka does not yet have a dominant mobile wallet equivalent to M-Pesa or bKash. Most providers deliver to bank accounts. Dialog and Hutch offer basic mobile money services (eZ Cash, HutchCash) but international inbound delivery to these wallets is not yet widely supported by major providers.