Best send money romaniya to srilanka?

Answered at Nov 12, 2024

Best Ways to Send Money from Romania to Sri Lanka

When sending money from Romania to Sri Lanka, choosing the right service can save you time and money. Here’s a concise guide to help you make an informed decision.

Top Money Transfer Providers

  1. Wise: Known for its transparent fees and real exchange rates, Wise is a popular choice for international transfers. It offers competitive rates and is user-friendly.

  2. Xe: Xe provides competitive rates without hidden fees. It’s a fast and secure alternative to traditional banks, trusted by over 120,000 people monthly (source).

  3. Profee: Offers a straightforward service with competitive fees, making it a reliable option for sending money to Sri Lanka.

  4. TransferGo: Known for its speed and reliability, TransferGo is a good option for those who need to send money quickly.

  5. Remitly: Often the cheapest option, Remitly was the most affordable provider in 95.8% of searches on Monito.com over the past three months (source).

Cost Considerations

  • Cheapest Option: Remitly, with a total cost of 0.1% of the transfer amount, including all fees and exchange rates.
  • Most Expensive Option: Some providers can charge up to 5.3% of the transfer amount (source).

Payment Methods

  • Debit/Credit Card: Convenient for quick transfers.
  • Bank Account: Direct transfers from your bank account.
  • Mobile Wallets: Use services like Apple Pay or Google Pay for added convenience (source).

Receiving Options in Sri Lanka

  • Bank Deposits: Money can be deposited directly into a bank account, often within minutes.
  • Cash Pickup: Available at various locations, allowing recipients to collect cash instantly (source).

Key Details Needed

To ensure a smooth transfer, you’ll need the recipient’s full name, bank account number, and the bank’s SWIFT/BIC code or IBAN (source).

Conclusion

Choosing the right provider depends on your specific needs, such as cost, speed, and convenience. Wise and Xe are excellent for competitive rates, while Remitly often offers the lowest costs. Always compare providers to find the best deal for your situation.