Need to transfer money to Sri Lanka? Are you considering a bank wire to transfer money to Sri Lanka? Before you go your bank to organise it, make sure you check out the wire transfer fees. It might come as a shock how much the fees will be and depending on the amount of the wire, it might be better to have a look at the alternatives to send the money another way.
What makes worse is in addition to your financial institution imposing a fee for sending the funds to a place in Sri Lanka, the individual receiving the transfer of money will possibly also be charged a fee from the bank at their end. A way to reduce the possibilty of this charge is to send the international wire transfer in the currency of their account.
To initiate a bank wire transfer to Sri Lanka, you may require a SWIFT code. These are different codes for each bank and are based on things including the bank and country.
SWIFT Country Code
Central Bank Name
Central Bank of Sri Lanka
Sri Lankan Rupee