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Do you have some money to send over to Sri Lanka? Sending money overseas is pretty common these days. You might be paying bills for a property you have there, looking out for your family back home, or paying for goods or services. You'll want to know the smartest and easiest way to send money across borders.
Ria Money Transfer is one of your options. In this article, we'll walk you through sending money to Sri Lanka with Ria Money Transfer. We'll cover all the crucial details - fees, transfer times, and everything that matters. And that's not all, we'll also introduce you to Wise, a multi-currency account that'll save you some cash when sending it abroad. So, let's get cracking and make those international transfers a breeze!
Sending money to Sri Lanka via Ria Money Transfer can be easy-peasy.¹ Let me break it down for you with a step-by-step guide:
- Create an account: Set up your account on Ria's website or app by sharing your name, email, and contact details.
- Choose Sri Lanka as the Recipient Country: Select Sri Lanka as the destination for your money transfer.
- Pick the Transfer Amount: Enter the amount you want to send, and Ria will show you the exchange rate and fees.
- Select Payment Method: Choose from debit cards, credit cards, or bank transfers to fund your transfer.
- Choose Payout Method: Decide how your recipient will receive the money – bank deposit, cash pickup, or home delivery.
- Enter Recipient Details: Provide your recipient's full name, address, and contact number accurately.
- Review and Confirm: Double-check everything – exchange rates, fees, and recipient info – before proceeding.
- Complete the Transfer: Make the payment to finalize your transfer.
- Track Your Transfer: Ria provides a tracking number to monitor your transaction's progress. You and your recipient will get notifications when the money is ready for pickup or deposit.
With these easy steps, you'll be able to send money to Sri Lanka safely and without hassle using Ria Money Transfer.
When it comes to receiving money through Ria Money Transfer in Sri Lanka, you’ve got a few choices:
- Bank transfer account
- Mobile wallet
- Cash pickup
If you’re receiving the payment in your bank account or mobile wallet, don’t worry, you won’t have to do much at all, the money will come right to you. Just in case you’ve opted for cash pickup, there’ll be a few extra steps.
You’ll need to head to one of Ria’s agent branches with some documents in hand, including a proper government-issued photo ID like a passport or driving licence, along with the order number and PIN from your receipt, that you get after the transfer is confirmed. Just make sure the name on your photo ID matches the name you provided for the transfer.
When it comes to online money transfers to Sri Lanka, there are daily and monthly limits set at £4,999. If you want to send an amount beyond this limit, online options won't be available, but you can head to a Ria store for that. However, for larger transfers, you'll need to provide additional info like ID, social security number, and other necessary paperwork.⁴ On the other side, using Wise, you can send up to £2,300 per transfer, and around £11900 per day.⁵
If you're looking to receive your transfer as a cash pickup, Ria Money Transfer has 500,000+ agents worldwide, including 4,800+ locations near Sri Lanka. To find a suitable location, you can use the agent find tool available online or through the Ria app.
The time it takes for your transfer to reach your recipient can be influenced by several factors. The payment method you choose, the delivery option you go for, the day of the week, and even security reviews can all play a part.
If you're after the most cost-effective route, a bank account funded transfer might be the way to go, but keep in mind it could take up to 4 business days for the funds to reach Ria. For quicker transfers, paying with a credit or debit card, or using cash at a Ria branch, will do the trick. With these options, your money usually arrives within 15 minutes to 6 hours.⁶ When utilizing Wise, your money can be sent within one day as a same-day transfer or even an instant money transfer.⁷
We've showed you all the info you need to make a money transfer with Ria to Sri Lanka: fees, transfer times, exchange rates, and a step-by-step guide of how to do it - the whole shebang!
But hold your horses, Ria isn't the only fish in the sea, so be sure to check and compare fees and exchange rates with other similar services before sending money abroad. Whether you choose Ria, Wise, or another provider, make sure you're making the most of your money in these international transfers.
- Ria Money Transfer - How do I send Money with Ria?
- Ria Money Transfer - Fees
- Wise - Fees
- Ria Money Transfer - Limits
- Wise - Limits
- Ria Money Transfer - How long do transfers take?
- Speed: Transaction speed claimed depends on funds availability, approval by Wise’s proprietary verification system and systems availability of our partners’ banking system, and may not be available for all transactions.
Sources last checked on date: 27-July-2023
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
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