How to Send Money from UAE to Sri Lanka: Best Methods in 2025

Remittances: The Lifeline Between UAE and Sri Lanka

Every month, hundreds of thousands of Sri Lankan workers in the UAE send money home to their families. These remittances — collectively worth billions of dollars — are a critical source of income for Sri Lankan families and a major contributor to Sri Lanka's foreign exchange reserves.

Choosing the right remittance method can save you significant money over time. Here is a comprehensive comparison of the main options available in 2025.

Bank Transfers

Traditional bank transfers are reliable but often expensive. UAE banks typically charge:

• Transfer fee: AED 25–50
• Exchange rate margin: 1–3% above mid-market rate
• Transfer time: 1–3 business days

Best for: Large transfers where the percentage fee is less significant.

Exchange Houses (Hawala)

Exchange houses like Al Ansari Exchange, Al Fardan Exchange, and UAE Exchange are popular with Sri Lankan workers. They typically offer:

• Lower fees than banks
• Competitive exchange rates
• Same-day or next-day delivery
• Cash pickup option in Sri Lanka

Digital Transfer Apps

Apps like Wise (formerly TransferWise), Remitly, and Western Money offer competitive rates and low fees:

• Wise: Near mid-market exchange rate, low transparent fees
• Remitly: Fast transfers, competitive rates, cash pickup available
• Western Union: Widely available, cash pickup across Sri Lanka

Tips for Getting the Best Rate

• Compare rates across multiple providers before sending
• Send larger amounts less frequently to reduce per-transfer fees
• Avoid airport exchange counters — rates are always poor
• Check if your employer offers a preferred remittance partner with better rates
• Use apps like Wise for the most transparent pricing