Question 1

What is the best way to send money from UK to Sri Lanka?

Accepted Answer

Today, Remitly delivers the highest amount — Rs4,31,311 for every £1,000 sent, at a rate of 431.7000 LKR per GBP. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's GBP to LKR exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 GBP = 433.1260 LKR. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send £1,000 to Sri Lanka?

Accepted Answer

Costs vary significantly. The best provider (Remitly) gives you Rs4,31,311 after fees. The worst (OFX) only gives you Rs4,18,715. That's a difference of Rs12,596 on a single £1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Remitly typically completes in minutes. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to Sri Lanka?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 RemitlyBest value	GBP 0.90	431.70	Rs4,31,311	Minutes	Send
2 Western Union	GBP 0.99	431.69	Rs4,31,264	Minutes	Send
3 Instarem	Free	430.84	Rs4,30,835	Same day	Send
4 Wise	GBP 6.91	433.13	Rs4,30,133	Within 1 hr	Send
5 Xoom	Free	424.02	Rs4,24,016	Minutes	Send
6 Skrill	Free	420.74	Rs4,20,735	Same day	Send
7 OFX	GBP 7.00	421.67	Rs4,18,715	1–2 days	Send

Send Money from UK to Sri Lanka — Best GBP/LKR Rates

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