Many Egyptian students study overseas for better career prospects, access to specialised programs and degrees, and the chance to experience new cultures and ideas. But there’s a common problem for many international students: managing their finances abroad.

Opening a bank account in a new country can be difficult with long queues, strict requirements and documents you might not have. But there’s an easier way.

With Grey, you can open EU, UK and US bank accounts right from the comfort of your home with a few taps. But beyond that, you can also make international transfers at the best rates with no hidden fees or charges.

That’s why many Egyptian students, and their families, use Grey to pay for tuition.

Also read: The best way to receive and hold foreign currency in Egypt

How to pay tuition fees as an Egyptian student abroad with Grey

Create a Grey account:

Visit the Grey website or download the mobile app to register using your details.

Complete KYC verification:

Upload a valid government-issued ID (e.g., passport or national ID) and a clear selfie for identity verification to complete your Know Your Customer (KYC) process:

Also read: Top reasons your KYC verification is failing and how to fix them‍

Request and fund your foreign account:

Once verified, you can request a US, UK or EU bank account in the “Account” section and instantly receive your foreign bank details. You’ll be able to fund your account either by sending money to your foreign bank account or by converting Egyptian Pounds (EGP) to the currency you need.

Initiate a transfer:

Choose the currency, enter the school’s details, and confirm the amount. Grey will process the transfer quickly and without unnecessary delays.

Why do international students use Grey to pay tuition fees?

• Global access: Regardless of where you are, whether in Egypt or Denmark, you can open and manage your foreign account without complex paperwork or process.
• Fast transfers: Unlike traditional banks, transactions are processed quickly, ensuring your tuition gets paid without delays.
• Great exchange rates: Grey offers competitive exchange rates close to mid-market value, helping you get more value when converting EGP to USD, GBP or EUR.
• Transparent fees: There are no hidden fees or surprise charges. With our currency converter, you can see exactly what you’re paying and what the recipient will get upfront.
• Secure transactions: Grey has implemented top-notch security measures to ensure the safety of all your transactions, giving you peace of mind every time you make a payment online.

Conclusion

Grey makes it so Egyptian students overseas have one less thing to worry about. With global access to foreign accounts, you can easily manage your finances and pay tuition at the best rates. Create an account today and enjoy easy global banking made for you.