Get Started
You Send They Receive

You Send
Fee
 
Conversion Amount
You Send
Transaction Fee
Conversion Amount
Conversion Rate  
Recipient Receives
Conversion Amount
Conversion Rate
Recipient Receives

Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

Transfer Now
InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market rates sourced directly from Reuters and add absolutely no margins! We charge a nominal fee.
Easy Transfers
Sign up, verify your account and get transacting. Know the exact amount your recipient will get as you set up your transfer.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
InstaRem Custmer Video
InstaRem Custmer Video
InstaRem Custmer Video
A Happy You! Is Why We Do What We Do.

Transfer Money To Sri Lanka At Zero-Margin Rates

Transfer Now

Send Money To Sri Lanka

Making an emergency payment or sending money to your family back home, InstaReM makes money transfers to Sri Lanka a breeze. All you need to do is Sign Up, upload a few documents to get your account approved and get started with cost-efficient and fast money transfers to Sri Lanka. At InstaReM, we value your money and time and keep your money transfers absolutely transparent. With InstareM, you can send money to Sri Lanka at Zero-Margin FX rates without any hidden charges. To top it all, you can track the status of your transaction on our website and also via our app. Try InstaReM today and enjoy secure transfers at competitive rates, and round-the-clock client support. We also have first-transfer and referral bonuses for our clients.

Frequently Asked Questions
  • Is it safe to send money to Sri Lanka through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud, and money laundering.
  • How much does it cost to send money to Sri Lanka through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. InstaReM charges a small percentage of the amount sent as fee. For payments from AUD or HKD to LKR, the fee is 0.5%. For payments from SGD to LKR, the fee is 0.25%. For transfers from MYR to LKR, the fee is 0.6%. Please note that the fees are subject to change.
  • How much time does it take to send money to Sri Lanka through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which banks in Sri Lanka are covered by InstaReM? InstaReM covers all banks in Sri Lanka, including People's Bank, Public Bank Berhad, Sampath Bank PLC, Seylan Bank PLC, Standard Chartered Bank, State Bank of India, The Hong Kong and Shanghai Banking Corporation Ltd (HSBC) and Union Bank of Colombo PLC, among many others.
  • What details are required to send money to Sri Lanka?
    1. Name: When sending to individuals in Sri Lanka, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in Sri Lanka.
    3. Account no: Beneficiary’s local account number in Sri Lanka.
    4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to Sri Lanka.
  • What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for Sri Lanka here.
  • Can I send money to the bank account of a business based in Sri Lanka through InstaReM? Yes. You can use InstaReM for business transfers to Sri Lanka.
  • What are the minimum and maximum limits for sending money to Sri Lanka through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia, Singapore and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available for payout in Sri Lanka? We make payouts in LKR and USD only.
  • For what purposes can I send money to Sri Lanka through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in Sri Lanka from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in Sri Lanka
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    * InstaReM does not support payments for FDI (Foreign Direct Investment) purposes.
  • Does InstaReM support transfers to an email address of a recipient based in Sri Lanka? No. InstaReM does not support transfers to an email address in Sri Lanka.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
          InstaReM Loader