Looking to transfer money to SriLanka from the Canada? Whether it’s to support family members, handle property bills, fund travel, or pay for goods and services from a SriLankan provider, finding a cost-effective and convenient way to send your funds is crucial.
This guide will detail everything you need to know about using an international money transfer service to send money to SriLanka. We’ll discuss how to start a transfer, the potential fees involved, and the usual timeframe for these transactions.
There are numerous money transfer specialists in the market, many of whom offer competitive rates. Some services even provide transfers at the mid-market exchange rate, which can lead to significant savings on international transfers.
Benefits of Using Online Platforms for Money Transfers
Online money transfer platforms offer numerous advantages over traditional methods, making them a popular choice for sending money internationally, such as from the Canada to SriLanka. These benefits include:
Convenience:
Send money from anywhere, anytime, with just a few clicks, eliminating the need to visit physical locations or complete complex paperwork.
Speed:
Funds are transferred much faster compared to traditional methods, often within minutes or hours, which is crucial in urgent financial situations.
Cost-Effectiveness:
Enjoy competitive exchange rates and lower transaction fees, ensuring more of your money reaches its destination.
Security:
Advanced encryption and security protocols protect your financial and personal information, ensuring safe and secure transactions.
Accessibility:
With services available 24/7, you can send money anytime, even outside traditional banking hours, using user-friendly websites and mobile apps.
Global Reach:
Platforms like ACE Money Transfer allow you to send money to a wide range of countries, including SriLanka, facilitating international support and transactions.
24/7 Accessibility:
Transfer money to SriLanka at any time, convenient for those with irregular schedules or in different time zones.
Ease of Use:
Intuitive interfaces and simple processes make these platforms accessible to users of all technological backgrounds.
Transparency and Tracking:
Track your transactions and stay informed about the status of your transfer, providing peace of mind and clarity throughout the process.
How to Send Money to SriLankafrom the Canada?
Sending money abroad can be a straightforward process with various methods available. If you need to send money to SriLankafrom abroad, consider the following options:
1. Traditional Bank Transfers:
What It Is: If you have an account with an international bank, you can use this method to send money to a bank in SriLanka.
How to Do It: Visit your bank or use their online services. Provide the details of the recipient’s bank account in SriLanka, and your bank will handle the transfer.
2. Money Transfer Services:
What They Are: Companies like Western Union or MoneyGram offer reliable services for international money transfers.
How to Use Them: You can either visit their physical offices or use their online platforms. Provide recipient details, and they will guide you on the transfer process.
3. Postal Services:
What It Is:
Some postal services offer money order facilities, which is an older but still functional method.
How It Works:
Pay the postal service, and they will send a money order to the recipient in SriLanka. Be aware that this method may take longer for the money to reach its destination.
4. Money Transfer Apps:
Why They’re Great:
Money transfer apps like Wise (formerly TransferWise), PayPal, or Remitly offer convenience and speed.
How to Use Them:
Download the app, create an account, and add the recipient’s details in SriLanka. The app will provide information on how much you can send, how long it will take, and the associated fees. These apps are typically quick and cost-effective.
What to Remember:
Check the Fees:
Different methods have varying fees, so compare them to determine the most cost-effective option.
Exchange Rates Matter:
Keep an eye on exchange rates as they can impact the final amount the recipient receives in SriLanka.
Safety First:
Always use a trusted and reputable method to avoid scams or issues with your money transfer. Verify the legitimacy of the service you choose.
Best Money Transfer Services to SriLanka
To facilitate smoother and more efficient money transfers to SriLanka , it’s essential to understand various online money transfer serviceslike Tangopay.
Tangopay:
What It Is: Tangopay is an emerging service offering competitive features for sending money to SriLanka.
Key Features:
- Competitive Rates: Offers favorable exchange rates, maximizing the value of your transfer.
- Ease of Use: Known for its simple and intuitive interface.
- Customer Support: Provides robust customer service to address inquiries or issues.
- Flexibility: Allows various transfer types to cater to diverse customer needs.
- How to Use: Sign up, verify your identity, input transfer details, and choose the transfer method. Tangopay aims to streamline the process for users.
Creating an Account with Tangopay
Visit the Tangopay Website or App: Start by going to Tangopay’s website or downloading their mobile app.
Sign Up: Click on the sign-up option. You’ll need to provide some basic information like your name, email address, and phone number.
Set Up Login Details: Create a username and a secure password for your account.
Verification Process
Identity Verification: Tangopay will require you to verify your identity. This step is crucial for security and compliance with financial regulations.
Document Submission: Upload a valid government-issued ID, such as a passport or driver’s license. In some cases, additional documentation like proof of address may be required.
Wait for Approval: After submitting your documents, wait for Tangopay to verify them. This process usually doesn’t take long.
Security Measures
Secure Transactions: Tangopay uses encrypted transactions to ensure the safety of your money and personal information.
Fraud Prevention: Be aware of their fraud prevention measures, which might include monitoring transactions for unusual activity.
Safe Login Practices: Always keep your login details confidential and use a strong, unique password.
How to send money to SriLanka from the Canada with TangoPay?
Sending money to SriLanka is as easy as pie when you use TangoPay’s super convenient mobile app. Whether you’re a first-time user or a regular, our app makes the process effortless. Here’s how:
First up, if you haven’t already, head over to the Google Play Store or Apple App Store and download the TangoPay app. It’s got a 4.5-star rating, and thousands of happy users vouch for it.
Signup your Account for FREE
Once the app is downloaded, open it and create your account. Yep, you read that right—it’s free to sign up! You’ll need to enter your email address and some other basic info, and you’ll be good to go in just a few minutes.
Check the Exchange Rate GBP to PKR
Before you make a move, check out the current exchange rate, GBP to PKR, right in the app. We pride ourselves on offering competitive rates, which are updated in real-time.
Select the Recipient Country: SriLanka
There you go, you get a GBP to PKR rate calculated against whatever amount you wish to send. Don’t worry about any hidden fees—we’re transparent about costs and give you a complete breakdown. SriLanka is one of the 70+ countries we serve, so rest assured, you’re in good hands.
Navigate to the ‘Send Money’ option in the app.
Add Recipient Details
Next, add your recipient’s details, such as his name, account number, etc.
Last but not least, double-check the recipient’s details, hit the ‘Send’ button, and you’re done! You’ll get a confirmation notification in the app.
Time Required for Each Step
Account Creation: 2-3 minutes
Check GBP to PKR rate: Immediate
Add Recipient: 1-2 minutes
Send Money: typically few minutes
So, there you have it! With TangoPay, sending money to SriLanka is quick and straightforward. If you have yet to try it, download the app and join our community of satisfied users.
Why is TangoPay the best way for transferring money to SriLanka?
If you are looking for a secure and safe option to send money to SriLanka from the Canada, consider using TangoPay. TangoPay is a new online money transfer service that offers you the following benefits:
Three months fee-free option
TangoPay offers three months of fee-free transfers to its new users. That means your peeps can get the same money you send without cutting or hidden charges. You can save up to £45 in your transfer fees compared to other providers.
Guaranteed unbeatable rates
TangoPay provides better rates than any other money transfer service. If their rates are found to be lower than their competitors, they’ll give you £5.
£10 referral bonus
When you invite your friends and family to join TangoPay, you can earn a 10-pound bonus for each successful referral when they send £100. You can use this bonus to send more money to SriLanka.
You can also share the benefits of TangoPay with your loved ones and help them save money on their transfers.
No hidden charges
With TangoPay, you don’t have to worry about extra charges and hidden fees that might come as a surprise to you. Your recipient will receive the same amount you will send.
You can turn on notifications, and you will be notified of the status of your money in motion.
FAQs
How Can I Transfer Money to Srilanka from the Canada Online?
- Choose a money transfer service like Tangopay.
- Create and verify an account.
- Provide transfer details (amount, recipient’s information).
- Review and confirm fees and exchange rates.
- Pay for the transfer and track it.
What is the Maximum Limit for Money Transfers from Canada to SriLanka?
- The limit varies by service provider.
- Online services might have lower limits per transaction.
- Banks usually allow larger transfers.
- Check with your chosen provider for specific limits.
How to Send 50000 Dollars to SriLanka from the Canada?
- Select a provider capable of handling large sums (some online services or banks).
- Verify if there are any additional steps for large transfers.
- Ensure compliance with legal and tax regulations for large sums.
