Send money from Canada to a People's Bank account in Sri Lanka

People's Bank, Sri Lanka

People's Bank is a state-owned commercial bank in Sri Lanka and the second-largest commercial bank in Sri Lanka. Established on 1 July 1961, it has headquarters in Sir Chittampalam A. Gardiner Street in Colombo. Sri Lankan People's bank offers retail and corporate banking services, with a network of 739 local branches and service centers, with over 14 million customers. People's Bank received a high national long-Term Rating of AA+ by Fitch Ratings. The People's Bank has recently become Sri Lanka's best performing bank.

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How to Send Money to People's Bank in Sri Lanka

Sending money to People's Bank bank accounts in Sri Lanka is easy with Remitbee. It just takes six easy steps.

  • Set up a free Remitbee account. This is free and easy and gives you access to a private Remitbee Wallet and a secure account in our system.
  • Provide us with information about yourself, including your full name, address and occupation. Verify your email and phone number.
  • Please tell us where you want to send your money. We need the bank details for the recipient account, including the bank name and account number. You can also designate whether the recipient is picking up the money or going straight into their account.
  • Check the CAD to LKR rate. Once the exchange rate for CAD to LKR is satisfactory, enter the amount you want to send, select your payment method and confirm your transfer. The conversation rates change daily, but the fees for each payment method are fixed and permanent.
  • Track your money. At this point, you've done everything you need to do! We'll send your money, keep an eye on it in the Remitbee app and watch as it arrives in Sri Lanka.
  • Be a Hero! Anyone who sends money online to Sri Lanka to support their family is a hero. Our job is to help provide a service fit for a hero.

What are the benefits of sending directly to People's Bank?

There are many benefits to sending directly to People's Bank with Remitbee. Here's a quick overview:

  • It's more secure than doing in offline
  • It's faster You can do it from the comfort of your home
  • You can access your money as soon as the transfer goes through

What information you’ll need to complete the transfer

Here is the information that you'll need to complete the transfer through Remitbee. Two separate delivery methods have different requirements.

Wire transfer to People's Bank Sri Lanka bank account

  • Recipient's name: Make sure you have the name on the account you are transferring exactly as it appears on bank statements. This will prevent delays in your transfer.
  • Address: We need the address of the branch you are sending the money to so we get it to the recipient's city.
  • Bank name: This is the bank's name in Sri Lanka that you are sending money to.
  • Account Number: This ensures it gets to your recipient's account.

Cash pickup

  • Name – Again, make sure you have the full name of the person picking up the money.
  • Phone number – Enter the number of the recipient.
  • Pickup Location – We need the bank or other financial institution's name where the recipient will be picking up the money.

How Remitbee calculates the CAD to People's Bank (Sri Lanka) exchange rate

We try to keep our fees as low as possible and assess rates daily to bring you the most competitive Sri Lankan Rupee exchange rates on the market. There are small fees when you choose to use bill, Interact or debit card payment methods, but you can also use the Remitbee Wallet without paying fees at any time. We are upfront about any fees, and you can see them in the application before you send money to Sri Lanka.

Send money to all major Sri Lankan Banks

How international money transfers work

International wire transfers take place using the SWIFT network. Transfer instructions are sent from the sender's bank to the recipient's bank, and any fees are assessed before the transfer is approved. One of the banks will calculate the exchange rate CAD to LKR, and the money is moved between accounts.

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Frequently Asked Questions

You can choose to pay using Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.

The transfers typically take between 1 and 2 days, but some transfers happen instantly.

If you verify your identity on our platform, you can send up to 9,000 CAD per day, with a maximum of 50,000 CAD per month.

Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees:

  • Interac Online - $2.99
  • E-transfer fee - Free
  • Bill Payment - Free
  • Electronic funds Transfer - Free
  • Visa or Mastercard Debit - $2.99+

The maximum amount of your CAD to LKR money transfer depends on the verification level you have. Here is a quick overview

  • Our basic verification, Level 1, allows you to send only 50 CAD daily or up to 500 CAD monthly.
  • We recommend getting verified for Level 2. It allows our users to send up to 3,000 CAD daily and up to 25,000 CAD monthly.
  • Level 3 is a perfect solution for transferring larger amounts of money to a People's Bank account in Sri Lanka. This level of verification allows you to send 9,000 CAD daily and up to 50,000 CAD monthly.

Remember, verification is a one-time process. Once you have been verified, there is no need to provide any other documents.

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