RAKMoneyTransfer - Sri Lanka
Sending Money to Sri Lanka just became much easier, securer & faster with RAKMoneyTransfer. Options to choose from Instant Cash and Instant Account Transfer.
Remit Now, Pay Later using your RAKBANK or RAKislamic Credit Card via RAKMoneyTransfer. Send money home without waiting for your salary to arrive. Click here for more details on the RAKMoneyTransfer through Credit Card.
How it works
Key features
- Instant Cash Transfer
- Cash collection throughout Sri Lanka at 370 Cargills Bank Branches and Food city outlets
- Collect cash at any Cargills Food City Supermarket Network and avail 5% discount (maximum LKR 10,000)* on your shopping
- Send up to LKR 1 million per day in real time
- No deduction from the amount sent to beneficiary
- Competitive rates
- Remit money using your bank account or Credit Card
*Remittance receipt Valid for seven days starting from the date of receipt of the Remittance.
- Instant Account Transfer
- Instant Transfers to Hatton National Bank and Cargills Bank within 60 seconds
- Instant Transfer to LKR 5 million to 28 Major Banks and same day to
other Banks** - Transfer above LKR 5 million processed next working day to any Bank
- No deduction from the amount sent to beneficiary
- Competitive rates
- Remit money using your bank account or Credit Card

Instant Transfer to 28 Bank
Banks | ||
---|---|---|
Amana Bank | HSBC Bank | Sampath Bank |
Axis Bank | ICICI Bank | Sanasa Development Bank |
Bank of Ceylon | Indian Bank | Seylan Bank |
Cargills Bank | MCB Bank | Standard Charted Bank |
CDB Finance | National Savings Bank | State Bank of India |
Citibank N A | Nations Trust Bank | Union Bank of Colombo |
Commercial Bank of Ceylon | NDB Bank | |
Deutsche Bank | Pan Asia Bank | |
DFC Bank | Peoples Bank | |
Habib Bank | Public Bank | |
Hatton National Bank | Regional Development Bank |
Service Charges
Account and Cash Transfer | |||
---|---|---|---|
Amount (AED) | Fee (AED) | ||
0-1,000 | 15 | ||
1,000.01 - 125K | 20 | ||
125.01K & above | 30 |
Disclaimer: In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.
Account Transfers Processing Timings: (UAE time)
- Transfers received before 2:30 pm will be processed the same day (Mon to Fri)**
- In case of unsuccessful transactions with beneficiary bank for CEFT, the transactions might be routed through SLIPS hence it may be credited next working day
- Transfers received after above timings will be credited next working day
Conditions Apply
- This service/offer is available for retail individual customers through RAKBANK Digital Banking using your Mobile, PC & Tablet and through RAKBANK Branches
- Any transfer under this offer will be subject to RAKBANK's Terms and Conditions governing Funds Transfer
- LKR Rate is subject to change and the customer is advised to check the applicable LKR rate before initiating the Electronic Funds Transfer & Cash pay-out
- RAKvalue & Evantage benefits are not applicable to RAKMoneyTransfer