Question 1

What's the best way to do Malta to Sri Lanka money transfers?

Accepted Answer

There are many good choices when it comes to sending money from Malta to Sri Lanka. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Euro to LKR money transfers.

We compare different remittance companies to bring you the best options to send money to Sri Lanka from Malta. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Euro to Sri Lankan Rupee money transfers. You can take advantage of these deals and make the most of your hard earned money.

Question 2

How to get the best exchange rate for sending money from Malta to Sri Lanka?

Accepted Answer

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Malta to Sri Lanka transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your EUR to Sri Lankan Rupee international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Euro to Sri Lankan Rupee exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.

Question 3

What's the cheapest way to send money to Sri Lanka from Malta?

Accepted Answer

When you want to send money to Sri Lanka from Malta, you obviously want the cheapest possible option to maximize the money your recipient gets in Sri Lankan Rupee. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your EUR to LKR money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Malta to Sri Lanka. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Malta to Sri Lanka exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Sri Lankan Rupee overseas.

Question 4

Should I use my bank to send money from Malta to Sri Lanka?

Accepted Answer

We do not recommend using your local bank in Malta for your next EUR to LKR overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Malta to Sri Lanka (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending LKR to Sri Lanka. These companies will let you use your local bank account in Malta to pay for your Sri Lanka money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

How to send money to Sri Lanka from Malta fast?

Accepted Answer

The speed of your Euro to Sri Lankan Rupee funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert EUR to LKR. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Sri Lanka from Malta is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Sri Lanka if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout LKR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Malta bank to Sri Lanka bank transfer.

Question 6

Which are the best money transfer companies to send money from Malta to Sri Lanka?

Accepted Answer

Since the Euro to Sri Lankan Rupee money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Malta that may also be able to send money to Sri Lanka. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your EUR to LKR money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Sri Lanka gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Malta to Sri Lanka transaction.

Question 7

Step by step guide to transfer money to Sri Lanka from Malta

Accepted Answer

Follow the below easy steps to send money to Sri Lanka from Malta.

If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Malta bank account to fund your transaction.
Add your recipient - provide details about who will receive the funds (can also be your own account in Sri Lanka).
Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
Add the transfer amount and start the transaction.

The provider will then work on your EUR to LKR remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.

1 EUR	358.33 LKR
5 EUR	1,791.63 LKR
10 EUR	3,583.25 LKR
25 EUR	8,958.14 LKR
50 EUR	17,916.27 LKR
100 EUR	35,832.55 LKR
150 EUR	53,748.83 LKR
200 EUR	71,665.10 LKR
250 EUR	89,581.38 LKR
300 EUR	107,497.65 LKR
400 EUR	143,330.20 LKR
500 EUR	179,162.75 LKR
600 EUR	214,995.30 LKR
700 EUR	250,827.85 LKR
800 EUR	286,660.40 LKR
1000 EUR	358,325.50 LKR
1500 EUR	537,488.25 LKR
2000 EUR	716,651.00 LKR
2500 EUR	895,813.75 LKR
3000 EUR	1,074,976.50 LKR
4000 EUR	1,433,302.00 LKR
5000 EUR	1,791,627.50 LKR
10000 EUR	3,583,255.00 LKR
15000 EUR	5,374,882.50 LKR
20000 EUR	7,166,510.00 LKR
30000 EUR	10,749,765.00 LKR
40000 EUR	14,333,020.00 LKR
50000 EUR	17,916,275.00 LKR
100000 EUR	35,832,550.00 LKR

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