For Tanzanians living and working in Europe, sending money home is more than just a transaction; it’s a lifeline that supports families, funds education, and sustains small businesses. But high fees, poor exchange rates, and delays make it harder than it should be. Traditional banks and legacy remittance services often make the process even more complex.

However, with Grey, you have a modern, seamless way to send and convert Euros to Tanzanian Shillings.  In this article, we’ll explore how Grey simplifies euro transfers to Tanzania, helping you send more, save more, and stay in control.

Also read: How to receive and convert foreign currencies to USDC in Tanzania.

Why would you need euros in Tanzania?

• Online shopping & subscriptions: With the rise of global e-commerce, Tanzanians are purchasing goods and digital services from European platforms that require payments in Euros.
• Business and import payments: Local businesses importing goods or services from Europe often transact in euros to avoid currency conversion losses.
• Remittances: Diaspora members in Europe often send euros back home for family support or investments.
• Travel and visa requirements: When applying for Schengen visas or planning Europe trips, Tanzanians need euros as proof of funds or actual travel expenses.

Also read: How to send money to Tanzania accounts and Mpesa.

Challenges of sending Euros to Tanzania the traditional way

1. Limited access to EUR accounts: Many Tanzanian banks and financial platforms don’t support euro-denominated accounts or transfers.
2. High transfer fees: Traditional banks and some remittance services charge steep fees for international Euro transfers.
3. Poor exchange rates: Hidden fees through unfavorable exchange rates reduce the amount received.
4. Slow processing times: Some services take multiple days for transfers to reflect, causing delays in critical payments.

Also read: How to get an instant USD debit card in Tanzania.

How Grey makes sending euros to Tanzania easy

1. Competitive exchange rates: Grey uses real-time market rates with minimal markups, ensuring users get more value for each Euro sent.
2. Low transfer fees: Compared to traditional banks and many competitors, Grey offers significantly lower fees, with some transfers costing as little as zero fees.
3. User-friendly interface: Whether via app or website, Grey offers a seamless and intuitive experience, no need to visit a bank or fill out complex forms.
4. Multi-currency accounts: Grey users can create EU, US, and UK accounts to receive and hold money in foreign currencies before converting to TZS at their convenience.

Steps to get started with Grey

1. Create an account

• Visit Grey.co or download the Grey app.
• Sign up using your email address and create a secure password.
• Verify your email address to activate your account.

2. Complete Your KYC (Know Your Customer)

• Upload a valid government-issued ID (e.g., passport, NIDA card, driver’s license).
• Take a selfie for identity verification.
• Provide basic information like address and phone number.

3. Get your EU account details

• Once verified, navigate to the ‘Accounts’ section.
• Click on “Open New Account” and choose “Euro (EUR)”.
• Grey will generate an EU account in your name.

4. Receive euros in your Grey account

• Share your euro account details with friends, clients, or employers in Europe.

Conclusion

Many Tanzanians in Europe face real challenges when sending money back home, from high fees and poor exchange rates to slow, unreliable transactions. Grey removes these barriers by offering low-cost transfers, competitive exchange rates, and quick processing times.

Create a Grey account today and enjoy stress-free Euro transfers to Tanzania.

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