Sri Lanka is one of the developing nations that experience enormous remittance traction from a global audience due to its scenic beauty cherishing in that natural landscape. And we provide highest rates in the market so you can choose Teeparam to send funds to Sri Lanka from UK. This beauty donated by nature to Sri Lanka made the country one of the world’s most notable tourist destinations in the world. Sri Lanka is a small island with abundant natural resources floating over the Indian ocean below India. Remittance is one of the major revenue sources that support the economy of the country, which is majorly from the tourist who comes to visit Sri Lanka from different nations. You can check Sri Lanka exchange rate from the home page of our Teeparam Exchange website.
Sri Lanka is a small country that depends on its tourism for the majority of its revenue sources with such resources; the government could not able to support the development of the country and support the lives of the people. The majority of people who moved from Sri Lanka to other countries send money back to Sri Lanka to take care of their families and financially support them to make their living.
The people who move from nations like Sri- Lanka for job opportunities are majorly laborers who work for daily wages and send money across international borders on a regular basis.
The charges imposed by the banks and financial institutions to make international transactions are too high, which cannot be afforded by these expatriates who work for daily wages. Wire transfer is one of the common methods followed by banks to make international money transfers which includes multiple local banks processing the transaction.
The transaction charges to send money across the international border are included in the charges imposed by partnered banks involved in processing this international transaction. This makes the wire transfer unaffordable and inefficient in making international transactions. When sending money to Sri Lanka, it’s important to consider the charges. International wire transfers can come with hefty fees. Additional fees are always charged during the currency exchange as well. This is usually not discussed and may come as a surprise to any business sending money globally.
Why you must Choose Teeparam to send funds to Sri Lanka
Engaging with online international money transfer services will cost you very less in comparison to what banks and other financial institution charges to make international transactions. While larger financial institutions and banks can be the obvious choice for security, when a business needs to make one-off cross-border transfers, the processing fees can add up.
Banks may impose costs based on the sort of money you transmit, despite the fact that internet banking would cut out some processes. For instance, other banks will charge $35 to $45 respectively for outgoing international wire transfers done in different currencies. These sums also do not include foreign exchange commissions. Furthermore, international wire transfers always arrive ahead of those sent in U.S. dollars.
All things considered, utilizing an online money transfer service is the most affordable option for sending money abroad. The frequency of international wire transfers or global ACH transactions may also be subject to constraints and other restrictions. Depending on your service, this might be per person, per day, or per month.
A worldwide ACH is the best option for a firm that conducts frequent and/or high-frequency transfers, such as paying an international freelancer for a long-term assignment. In the case of overseas direct deposit and wire transfers, consumers are federally protected. The following information must be disclosed by all financial institutions:
- The rate of exchange
- Banks, intermediary organizations, and other third-party agents may levy fees and taxes.
- When the funds reach their intended recipient
- How to stop transferring money
The volume and frequency of the transactions are two more factors to take into account when deciding whether to use a local bank transfer or an international wire transfer. The minimum and maximum amounts you may send at each banking institution, as well as the frequency restrictions, are varied.
What makes us the best platform to send funds to Sri Lanka
If you are transferring large quantities of money or transactions on a regular basis, wire transfers are an ineffective method of transmitting money. Your budget will be impacted by all of this. Log onto your online banking application or contact a corporate representative if you are unsure of how your bank charges.
Don’t enter the transfer in the dark.The best methods to transmit big sums of money rely on a number of criteria, including:
- The nations and currencies between which money is sent
- How to make the transfer payment (some methods cost more than others)
- The cost and currency rates imposed by the bank or service provider utilized
- how the money is chosen to be received by the receiver
Here come the online international money transfer service providers. Online international exchange platforms evolved with our adoption of modern technology and created a remarkable impact with its efficient services in supporting to make international transactions efficiently. There are numerous international money transfer services that have evolved in the market with the rise of modern technology that supports people in making international transactions.
Among the numerous international money transfer service providers, Teeparam Exchange evolved as the best international money transfer service provider in the market with the most advanced platform and convenient user interface in the most secured ecosystem
4 easy steps to send funds Sri Lanka
Check if the exchange rate is in your favor
Before you send funds to Sri Lanka, check whether the Lankan rupees favor your exchange value and its market presence to benefit from the conversion
Login to Teeparam exchange to proceed with your transaction
After login you are all set to send funds to Sri Lanka, find the best international money transfer provider.
Teeparam is the best international money transfer service provider in the market that supports sending money to Sri Lanka at low transaction fees.
Select the mode that suits your needs
Find an optimal mode that suits your requirements and budgets to make a convenient international exchange.
Start your transaction
After finding your convenient mode of transaction, sign up and start your transaction by submitting all teh necessary documents that are required to process the transaction.