You can send Sri Lankan Rupees (LKR) from your KAST account to a bank account in Sri Lanka that supports LKR transfers using KAST Pay. This article explains how to send LKR to a bank account, what fees and timelines apply, and what to do if your payout doesn't arrive as expected.
How Do I Send LKR from KAST?
With KAST Pay, sending LKR is quick and simple:
| 1. Open the KAST app. | |
| 2. Go to the Pay tab. | |
| 3. Under New Payment, select Fast Payout. | |
| 4. Choose LKR as your payout currency. | |
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5. Enter the amount you wish to send, tap Confirm. |
| 6. Choose whether to transfer to your own account or to someone else, enter recipient’s details | |
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7. Review the details and confirm your transaction. |
Your funds are converted at the current FX rate, and you’ll see all fees and delivery times upfront before confirming your payout.
What are the Fees for LKR Payouts from KAST?
KAST uses transparent pricing for every LKR payout:
| Detail | What It Means | Amount |
|---|---|---|
| FX Conversion Fee | Rate applied when converting stablecoins to LKR. | 1% |
| Transfer Fee (Fixed) | Flat fee for processing your payout. | 2 USD |
What is the Minimum Amount Threshold for LKR Payouts?
The required minimum payout for LKR transfers is 500 LKR. This threshold helps ensure smooth processing and maintains consistent payout standards across supported banking networks in Sri Lanka.
Which Banks Can Receive LKR Payouts?
You can send LKR to local banks in Sri Lanka that support Sri Lankan rupee transfers, including:
- Major Sri Lankan banks that accept LKR deposits.
- Most local and regional banks that support domestic LKR transfers.
Tip: Confirm with your recipient’s bank that they can receive LKR transfers before sending, to avoid returned or failed payouts.
How Long Does It Take for LKR Payouts to Arrive?
LKR payouts are typically processed T+0 (end of day). Transfers made after banking hours, on weekends, or during holidays may take longer. You’ll receive a confirmation once your payout is complete.
Can I Send LKR to Someone Else’s Account?
Yes. You can send LKR to another person’s local bank account in Sri Lanka, as long as the payout details are accurate. Make sure the recipient’s name, account number, and bank details are entered correctly.
Always double-check your details - incorrect information may cause the transfer to fail or be returned.
What If My LKR Payout Hasn’t Arrived?
If your payout hasn’t arrived within the expected timeframe:
- Review your Transaction History in the KAST app.
- Verify your bank account details were entered correctly.
- Check with the recipient’s bank to confirm if the transfer is pending.
- If it’s still missing, contact KAST Concierge for support.
For troubleshooting, see: What Should I Do If My KAST Payout Hasn’t Arrived Yet?
Frequently Asked Questions
Do I Need to Complete KYC Before Sending LKR?
Yes. You must have a KAST KYC-approved account to use KAST Pay. For some payout corridors, you may also be asked to accept partner terms and/or complete additional verification before you can send.
Who Can Use LKR Payouts?
KAST users with approved KYC verification can use LKR payouts if their account, residency, user type, beneficiary country, and selected payout currency are supported.
Why Can’t I See or Continue With an LKR Payout?
You may not be able to see or continue with an LKR payout if your KYC status, residency, user type, beneficiary country, selected payout currency, or recipient bank is not supported.
Do I Need to Accept Any Additional Terms?
You may need to accept partner terms and conditions before initiating a supported bank transfer. If required, you’ll be prompted in the KAST app before confirming your payout.
Are There Any Payout Limits for LKR?
Yes. LKR payout limits may depend on your account eligibility, the payout corridor, the supported rail, and local banking regulations in Sri Lanka. The minimum LKR payout amount is 500 LKR. You’ll always see your available limit in the KAST app before confirming your payout.
Can I Send LKR to Someone Else’s Bank Account?
Yes. You can send LKR to someone else’s local bank account in Sri Lanka, as long as the recipient’s bank supports LKR transfers and the details you enter are correct.
What Recipient Details Do I Need for an LKR Payout?
You’ll need to provide the recipient’s bank details accurately in the KAST app. This may include the recipient’s name, bank, account number, and any other required payout information shown during the transfer flow.
Why Does My LKR Payout Sometimes Take Longer to Arrive?
Slight delays can occur if transfers are made after banking hours, during weekends, or during public holidays. Banks may also perform compliance checks on large, unusual, or first-time transfers, which can add a short delay.
Can I Cancel or Edit an LKR Payout After Confirming?
No. Once confirmed, LKR payouts are processed and cannot be canceled or changed. If you entered incorrect details, contact KAST Concierge as soon as possible for help.
What Happens if My Payout Fails?
If your payout fails because of invalid or incomplete information, your funds will be returned to your KAST balance automatically once the payment is reversed. You’ll be notified once the refund is completed.
Will I Get Proof of Payment?
For successful payouts, you can check your transaction details in the KAST app. If you need proof of payment or additional confirmation, contact KAST Concierge for support.
Can I Send LKR From Anywhere?
You can send LKR as long as KAST Pay is available for your account and the recipient’s bank account accepts LKR transfers. Availability may vary by residency and corridor.