Remitly vs Panda Remit: The Best Way to Send Money from the UK to Sri Lanka

Introduction

Sending money to Sri Lanka can often be a necessity, whether it's for family support, tuition, or emergencies. Remitly send money Sri Lanka is a popular option for UK residents seeking a secure and reliable transfer service. Remitly offers fast transfers, competitive rates, and multiple delivery options. Alternatively, Panda Remit has gained attention with zero-fee first transfers and loyalty rewards, making it worth considering.

Can You Send Money to Sri Lanka with Remitly?

Yes, Remitly supports sending money to Sri Lanka. There are several delivery options:

• Bank Deposit: Send directly to local banks in Sri Lanka.

• Cash Pickup: Available at authorized locations.

• Mobile Wallets: Convenient for recipients who prefer digital access.

Some location restrictions may apply for rural areas or specific banks, so always check before sending. Panda Remit also offers instant transfers, which can be helpful for urgent needs.

Common Banks & Mobile Wallets in Sri Lanka

Banks:

• Bank of Ceylon (BOC)

• Hatton National Bank (HNB)

• Commercial Bank of Ceylon

Mobile Wallets:

• FriMi Wallet

• mCash

• eZ Cash

Step-by-Step Guide — How to Use Remitly for Sri Lanka

1. Create an account: Sign up at Remitly UK.

2. Verify your ID: Upload your identification documents.

3. Choose Sri Lanka as the destination.

4. Select delivery method: Bank deposit, cash pickup, or mobile wallet.

5. Enter recipient info: Name, account number, or wallet details.

6. Pay & track transfer: Use a bank account or debit card (credit cards not supported in some cases). Track status via the Remitly dashboard.

Note: Panda Remit allows fully online zero-fee first transfers, making it convenient for first-time users.

Fees, Exchange Rates & Limits

Remitly charges a fixed fee and applies a small markup on exchange rates. Daily and monthly transfer limits may vary depending on verification level and destination.

Remitly Example Table (GBP → LKR)

Panda Remit offers zero-fee first transfers and seasonal coupon codes, which can reduce the cost of sending money.

Transfer Speed & Delivery Options

Remitly provides two main transfer speeds:

• Express: Transfers are usually instant or within a few minutes for cash pickup.

• Economy: Slower transfers, generally 2–3 business days, but with lower fees.

Delivery channels include bank deposits, cash pickup, and mobile wallets. Panda Remit often supports instant bank deposits and same-day arrivals, adding convenience.

Useful Tips Before Sending Money

• Monitor exchange rates: Transfer when rates are favorable.

• Avoid credit card fees: Use a bank transfer or debit card.

• Verify recipient info: Incorrect details can delay transfers.

• Compare providers: Check rates and fees each time.

• Watch promo offers: Referral bonuses, coupon rewards, or seasonal discounts.

Conclusion & Recommendation

Remitly is widely used for sending money to Sri Lanka due to its reliable service and multiple delivery options. For first-time transfers or those seeking cost savings, Panda Remit provides zero-fee first transfers and coupon rewards. Both services offer secure, online solutions, allowing you to send money quickly and safely.