Foreign Remittance Calculator (Sri Lanka)
Enter any amount in USD, GBP, EUR, AED or your local currency and see the LKR your family will receive — after fees and any worker-remittance bonus.
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How to get the best rate sending money to Sri Lanka
Compare the total LKR received, not just the fee. A "zero fee" transfer with a bad rate usually costs more than a Rs. 500 fee on a service that gives you the true mid-market rate. Digital transfer services are usually competitive for expat workers in the UK, Australia, US and Middle East.
Worker remittance bonus
Sri Lankan banks periodically pay a bonus per unit of foreign currency on inward remittances credited to LKR accounts under the workers' remittance scheme. Ask your bank whether the scheme is active before you send — on USD 1,000 the bonus can be several thousand rupees extra.
Sending to buy property or vehicles
Larger remittances (over USD 10,000) can be sent via SWIFT direct to your Sri Lankan bank account. Bank rates are usually 0.5–1% off the market rate — negotiate with your bank for a preferential rate on the day.
Frequently Asked Questions
What is the best way to send money to Sri Lanka?
For most workers, licensed money-transfer operators and digital transfer services usually beat SWIFT. Compare the total LKR received — the headline exchange rate matters more than the transfer fee for larger amounts, and vice versa for small transfers.
Is foreign remittance to Sri Lanka taxed?
No. Inward remittances to Sri Lankan bank accounts are not taxed for the recipient. Some remittance schemes even give a bonus rate — the central bank and licensed banks periodically run promotions for expat workers.
What is the current USD to LKR rate?
The rate changes daily and is set by the central bank indicative rate plus each bank's margin. Compare rates from several licensed banks and digital transfer services before sending — a 1% better rate on USD 1,000 is around Rs. 3,000 extra.
How long does a remittance take to reach Sri Lanka?
Digital and instant services usually credit within minutes to a Sri Lankan bank account. SWIFT bank-to-bank transfers take 1–3 working days. Cash pickup at a major bank branch is typically instant.
Are there incentives for sending money home?
Yes. The central bank and some banks periodically offer additional LKR per foreign currency remitted for workers' remittances credited to LKR accounts. Ask your bank about the current worker remittance scheme rate.
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