Best way to transfer money from Egypt to Europe

Baraka Mafole

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Sending money from  Egypt  to Europe has become easier thanks to digital banking and fintech innovations. However, challenges like high exchange rates, hidden fees, and slow processing times still make international transfers tricky. Whether you're a freelancer, business owner, or sending money to loved ones, choosing the right payment method is essential.

In this guide, we’ll explore the best ways to send money from Egypt to Europe and why Grey is the most secure and cost-effective option.

Also read: How to open US bank accounts in Egypt.

Top ways to send money from Algeria to Europe

1. Grey

Grey allows you to send, receive, and convert foreign currencies instantly. With multi-currency accounts (EUR, USD, GBP) and no hidden fees, it’s the best way to send money from Egypt.

2. Bank wire transfers

Traditional bank wire transfers via the SWIFT network allow money to be sent from Egyptian banks to European accounts. However, they come with high fees and slow processing times.

3. Western Union & MoneyGram

Money transfer services like Western Union and MoneyGram offer cash pick-up options and direct bank transfers. While they are widely available, they can be expensive due to high transfer fees based on the amount sent.

4.PayPal and Wise

Digital platforms offer international transfers with competitive exchange rates, though PayPal can have high fees for sending money from Egypt.

Also read: Secure ways to receive international payments in Egypt.

Why use Grey to send money from Egypt to Europe?

  • Fair exchange rates – Enjoy competitive rates with zero hidden fees, ensuring you get full value for your money. Use our currency converter to track live rates.
  • Fast transfers – Say goodbye to delays. Send money swiftly and ensure timely delivery to your recipient.
  • Multi-currency accounts – Hold and send EUR, USD, and GBP with ease, all in one place.
  • User-friendly experience – Whether on the app or website, Grey ensures smooth and hassle-free transactions.

Also read: How freelancers in Egypt can withdraw USD payments easily.

How to send money from Egypt to Europe using Grey

1. Sign up for a Grey account

The first step is to create a free Grey account on the website or download the app. The process is straightforward:

  • Fill in your details.
  • Verify your identity by uploading the necessary documents.
  • Request your free bank accounts, including USD, EUR, and GBP.

2. Deposit EUR into your Grey EU bank account

Fund your Grey account using any of these methods:

  • Bank transfers: Link your EU bank account for convenient deposits.
  • Freelance earnings: Receive payments directly from platforms like Upwork or Fiverr.
  • International transfers: Accept foreign payments from global businesses or individuals.

3. Transfer EUR to your recipient

With Euros ready in your account, sending them to a recipient is simple:

  1. Click on “Send money” in your dashboard.
  2. Input the recipient’s details, such as their Euro bank account.
  3. Specify the amount to transfer in EUR.
  4. Double-check the transfer details and confirm.
  5. Your recipient will receive the funds.

Also read: Best virtual Mastercards for online payments in Egypt.

Seamless transfer with Grey

Grey makes sending money from Egypt to Europe simple, fast, and cost-effective. With competitive exchange rates and no hidden fees, Grey ensures seamless transactions for personal and business payments. Sign up today for a hassle-free international transfer experience.

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