Grey Guides

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February 28, 2026

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8 min read

Best way to receive US dollar payments in India

Priscila Marotti

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The default way Indian banks handle inbound USD is: receive the wire, convert to INR immediately at their own rate, credit your account in rupees, and deduct fees at every step. You never see the dollars. You never choose the conversion rate. You never decide when to convert. The bank decides all three, and the bank's rate is never the mid-market rate. That automatic conversion is where freelancers, consultants, and remote workers lose the most money on international payments.

The cost of this setup is not small. A 2% to 3% FX spread on every transfer, intermediary deductions on SWIFT wires, and receiving bank charges add up to lakhs lost annually for anyone earning regular USD income. This guide covers the four main ways to receive US dollar payments in India, what each one actually costs on a real invoice, the compliance requirements (purpose codes, FIRC, FEMA) that most payment guides skip entirely, and how to set up an infrastructure that gives you control over when and at what rate your dollars become rupees.

The four main ways to receive USD in India

1. US ACH or Fedwire transfers

ACH (Automated Clearing House) and Fedwire are US domestic transfer systems. When a US client pays you via ACH or Fedwire, the money moves within the US banking system to a US-based account. This is important because US companies strongly prefer paying vendors through their domestic payment rails. Their finance teams process ACH payments the same way they pay local contractors, which means less friction on the client side and faster approval on yours.

ACH transfers typically cost the sender nothing or a small flat fee (usually under $1). Fedwire transfers may cost the sender $15 to $30, depending on their bank. On your end, the cost depends on where the funds land. If you are receiving into a virtual USD account from a fintech provider, the provider charges a deposit fee (Grey charges 0.8%, minimum $2, maximum $10). There is no intermediary bank deduction because the payment never leaves the US banking system.

ACH is best for recurring payments from US-based clients, such as monthly retainers, project milestones, or regular consulting fees. If most of your clients are American, setting up a virtual USD account that supports ACH and Fedwire deposits is typically the lowest-cost option for regular income.

2. International wire transfers (SWIFT)

SWIFT is the global messaging network that banks use to route cross-border payments. When a client outside the US (or a US client whose bank does not support ACH to your provider) sends you a wire transfer, it travels through the SWIFT network. This is the most universally accepted method, but it is also the most expensive.

The costs stack up at multiple points. The sending bank charges a wire fee, typically $20 to $50, depending on the country and bank. If the payment routes through an intermediary (correspondent) bank, that bank deducts another $10 to $25 from the transfer amount. Your receiving bank may charge an additional inward remittance fee of $5 to $15. On a $2,000 invoice, total fees can range from $45 to $90, which is 2.25% to 4.5% before any currency conversion. Settlement takes 2 to 5 business days.

SWIFT makes sense for large, infrequent payments where the fixed fees represent a smaller percentage of the total: invoices above $5,000, corporate contracts, or one-off project payments. For smaller recurring payments, the per-transfer cost makes SWIFT significantly more expensive than ACH.

Also read: Top platforms to earn US dollars in India

3. Payment aggregators

Payment aggregators collect funds from your client (usually via card or local bank transfer) and remit the proceeds to your Indian bank account. The most common ones Indian freelancers encounter are PayPal, Razorpay (for businesses accepting international payments), and Stripe (with limited availability for payouts in India).

PayPal charges 2.99% on incoming goods and services payments, plus a currency conversion spread of 3% to 4% above mid-market when you withdraw to INR. On a $2,000 payment, that is roughly $60 in transaction fees plus $60 to $80 in conversion loss, totalling $120 to $140. Razorpay's international payment gateway charges 3% per transaction for international cards. These platforms are convenient for clients who prefer paying by card or who are not set up for bank transfers, but the cumulative cost is the highest of all four methods.

Aggregators are best for small, one-off projects where the client insists on paying by card, or for marketplace payouts (Upwork, Fiverr) where the platform dictates the payment method.

4. Cross-border transaction caps

India's cross-border payment framework includes transaction-level limits in certain categories. Some payment setups cap individual cross-border transactions at ₹25 lakh per unit of goods or services. If your invoice size approaches that range, bank-led rails such as SWIFT are usually more suitable than aggregator platforms. Having access to a USD receiving account through a provider like Grey gives you more flexibility when handling higher-value international payments, because the funds arrive in USD first and you control the conversion timing and method.

How the four methods compare

The compliance layer most freelancers overlook

Receiving USD payments in India is regulated under the Foreign Exchange Management Act (FEMA) and RBI reporting guidelines. Getting the compliance right upfront prevents delays, frozen transfers, and problems during audits.

Purpose codes

Indian banks require a purpose code on every inward remittance to classify the transaction under FEMA. Common codes for freelancers include those for software development, consulting, and marketing services. These codes are defined under the RBI purpose code list for inward remittances. Providing the correct code on your invoice and communicating it to your client's bank reduces the risk of your payment being held for manual review. Vague or missing purpose codes are one of the most common reasons for delayed credits.

You may also like: How to receive money from UK clients in India

FIRC and e-FIRC

If you export services (which includes freelancing for foreign clients), you may need a Foreign Inward Remittance Certificate (FIRC or e-FIRC) for GST export documentation, audits, and platform compliance. Only authorised dealer banks issue e-FIRC documentation. Confirm your bank's process for issuing these certificates in advance, because requesting them after the fact can take weeks. If you receive payments through a virtual USD account and then transfer to your Indian bank, the e-FIRC is issued by the Indian bank that receives the final INR credit.

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Export realisation timelines

India requires that export proceeds be realised (received in India) within a prescribed period. Long-pending invoices can create compliance issues. Keep your documentation organised and follow up on overdue payments early. For a complete explanation of FIRC requirements, tax implications, and RBI compliance rules, see Grey's guide on FIRC, taxes, and compliance for Indians earning foreign currency.

Which setup is right for your situation

The right payment method depends on three factors: where your clients are located, your average invoice size, and whether you want to hold USD or convert to INR immediately.

For most clients in the US, a virtual USD account that supports ACH and Fedwire is typically the lowest-cost option. Your US client pays you the same way they pay a local vendor. You receive the funds in USD, hold them until you are ready to convert, and withdraw to your Indian bank at a rate and time you choose. SWIFT works as a backup for clients whose banks do not support ACH to their provider.

Global clients across multiple countries: Ensure your account can receive international SWIFT wires without intermediary deductions eating into your payment. A multi-currency account lets you hold USD, GBP, or EUR and convert only when the rate is favourable, rather than accepting your bank's automatic conversion on arrival.

Large invoices ($5,000+): Direct bank rails (SWIFT or Fedwire) are preferable to aggregator platforms. The fixed fees are lower as a percentage of the total than the percentage-based fees aggregators charge. A $10,000 invoice through PayPal costs roughly $600-$700 in combined fees and FX losses. The same invoice received via SWIFT to a virtual USD account costs $10 in deposit fees plus the conversion cost when you move to INR.

Priority is maximising take-home INR. Compare the total cost at every step: incoming transfer fees, deposit fees, FX margin versus the mid-market rate, and withdrawal fees. Small differences in FX margins compound significantly over a year of regular payments. A 1% difference on $3,000 per month is $360 annually.

Also read: A guide for Indians getting paid by clients abroad

Common mistakes to avoid

Relying on a single payment method leaves you exposed if that channel has downtime, compliance issues, or fee changes. The safest setup is ACH or Fedwire as your primary rail with SWIFT as a fallback. Ignoring FX spreads is the most expensive mistake: the difference between mid-market and a 3% markup on $2,000 is $60 per transfer. Waiting until a compliance request arrives to organise your documentation can delay your funds for days or weeks. Sending invoices without detailed service descriptions triggers manual review at Indian banks because the purpose of the remittance is unclear. Include the service type, project reference, and your client's details on every invoice.

How Grey works for Indian freelancers receiving USD

Grey provides Indian freelancers, consultants, and remote professionals with USD, GBP, and EUR foreign currency accounts that can receive payments via ACH, Fedwire, or international SWIFT wire transfers. The setup is fully digital: sign up at grey.co or download the Grey app, complete KYC verification with your PAN card, Aadhaar, and proof of address, and your account details are available within 24 hours.

When a payment arrives via ACH or Fedwire, Grey charges a 0.8% deposit fee (minimum $2, maximum $10). The funds sit in your USD wallet. You can hold them in dollars for as long as you need, which is useful if you want to wait for a more favourable exchange rate or if you have USD expenses (software subscriptions, SaaS tools, advertising spend) that you can pay directly using a Grey virtual card. The virtual card costs $5 to create with no monthly maintenance fee. Transactions on USD-priced sites incur no additional fee; purchases on non-USD websites carry a 2% + $0.50 cross-border fee.

When you are ready to convert to INR, Grey charges a 1% conversion fee capped at $6 per transaction. The conversion rate is displayed before you confirm, so you see exactly how much INR you will receive. Transfers to your Indian bank account require your IFSC code and typically arrive the same day. You can check Grey's fee calculator to see the exact cost for any transaction amount before you commit.

Instead of relying on automatic bank conversions that happen at arrival, or juggling multiple platforms for different currencies, you receive USD through one account, manage your balance in dollars, and convert to INR when the timing and rate suit you.

Grey charges a 0.8% fee on deposits (minimum $2, maximum $10), a 1% conversion fee (capped at $6), and a withdrawal fee that varies by currency. Exchange rates on Grey are variable and include a margin over the mid-market rate. Cross-border card transactions on non-USD websites incur a 2% + $0.50 fee. Always review fees and the conversion rate before confirming a transaction.

Last updated:

October 17, 2026

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11 best virtual mailbox services for digital nomads

Tunde Aladeloba

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October 21, 2026

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2 min read

A virtual PO box, or virtual mailbox, gives you a real street address where a provider receives your post, scans it and forwards or shreds it on request. Digital nomads use one to keep a stable address for banks, tax letters and deliveries, even when they move between countries.

Without a permanent home, managing important mail can become complicated. You might miss a bank statement, struggle to receive a replacement card or need an address to register a business. A virtual mailbox helps you handle these tasks without relying on friends or family to collect your post.

However, providers differ in their locations, monthly fees, mail-scanning limits, forwarding options and international shipping costs. Some offer additional services, such as check deposits and package consolidation.

This guide covers 11 virtual mailbox services worth considering, helping you compare their features, pricing and availability to find an option that fits your travel routine and mailing needs.

What is a virtual PO box?

A virtual PO box is a mail-handling service that gives you a physical mailing address without requiring you to rent or visit a mailbox in person. As a digital nomad, you can use it to receive letters, bank statements and packages while travelling or living abroad.

Unlike a traditional PO box, a virtual mailbox typically provides a real street address. When you sign up, your provider assigns you an address at its mail-handling facility. You can use this address for eligible correspondence, and the provider receives your mail on your behalf.

Your address may include a private mailbox (PMB) number, such as 123 Main Street, PMB 456. This identifies your individual mailbox within the provider’s facility. The exact format varies by provider, and you should follow its instructions when entering your address on forms.

A USPS PO box, by contrast, is rented directly from the United States Postal Service and usually uses a PO box number rather than a street address. A virtual mailbox may accept deliveries from multiple carriers, depending on its policies, and lets you view scanned mail online, request forwarding or arrange secure shredding.

The 11 best virtual mailbox services

The 11 best virtual mailbox services offer different address locations, mail scanning features, forwarding options and pricing plans. Whether you travel frequently, live abroad or run a remote business, compare each provider’s features to find a mailbox service that fits your needs.

Rank	Provider	Starting price	Address locations	Scans included	Forwarding cost	Best for
1	iPostal1	$9.99/mo	4,250+ locations globally	Up to 30 exterior scans; content scans cost $2.25 per envelope for up to 10 pages	Carrier rates plus handling fee, varying by location	Overall network and local presence
2	Anytime Mailbox	4.98–9.99/mo, depending on address	2,500+ locations globally	30 incoming items and 5 open-and-scan pages monthly on the standard tier	Carrier rates plus $5 per shipping bundle	Budget and flexibility
3	Traveling Mailbox	$15/mo	25+ US locations	35 page scans and 40 incoming envelopes monthly	Carrier rates plus $2 per shipment; consolidation is free	Digital nomads and RVers
4	PostScan Mail	$10/mo	1,000+ locations	30 exterior scans; content scans cost $2 per envelope for up to 10 pages	Carrier rates plus $2 for the first item and $0.50 per additional item	Mobile app and multiple profiles
5	Physical Address	$7.98/mo	6 regional hubs	30 incoming items monthly; unlimited exterior image views	Carrier rates plus material costs	Extended mail storage
6	US Global Mail	9.95–19.95/mo	Locations across 23+ US states	Unlimited exterior envelope scans; content scans depend on your plan	Discounted carrier rates, advertised savings of up to 80%	Expats and check deposits
7	Earth Class Mail	19–39/mo	80–90 US locations	Envelope scans included; content scans charged according to volume	Carrier rates plus handling charges	Businesses and automated workflows
8	Stable	Varies	Selected premium office locations	Custom high-volume limits for business accounts	Secure, tracked priority shipping options	Tech startups and API integrations
9	SavvyNomad	Varies	Residential-style addresses	Digital envelope scanning and processing included, according to the supplied plan details	Custom domestic and international forwarding	Expats and financial correspondence
10	Northwest Registered Agent	Varies	All 50 US states	Up to 5 document scans free annually on standard registered-agent plans	Forwarding for state and business documents	LLC formation and business privacy
11	Alliance Virtual Offices	37–49/mo	1,200+ locations worldwide	Mail reception and notification tracking	Scheduled forwarding using your chosen carrier	Hybrid businesses needing meeting space

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How to choose a virtual mailbox

Choosing a virtual mailbox starts with understanding how much mail you receive and how you want to manage it. Compare each provider’s scanning allowance, including the number of incoming envelopes covered and the cost of opening and scanning their contents. If you receive important documents regularly, a plan with generous scanning limits may offer better value than a cheaper subscription with extra fees.

Next, consider forwarding costs. Providers may charge handling fees in addition to postage, and international deliveries can become expensive. Look for options such as mail consolidation, which combines multiple items into one shipment, and check whether storage limits apply before forwarding.

Your address type also matters. A commercial address may suit general correspondence and business mail, but some banks or government agencies require a residential address. Confirm that the address meets the requirements of the organisations where you intend to use it.

Finally, check the provider’s process for USPS Form 1583. This form authorises a commercial mail receiving agency to handle your mail. You generally need to provide identification and complete the required notarisation or identity verification process before your mailbox becomes active.

Also read: Virtual US accounts explained: Who they work for

Can you use a virtual mailbox for banking and business?

Yes, you can use a virtual mailbox for some banking and business purposes, but acceptance depends on the bank, service provider and intended use. Many virtual mailboxes provide a business mailing address for receiving bank statements, tax notices and official correspondence. However, a mailing address is not necessarily accepted as proof of your physical residential address. Before applying, review the bank’s address requirements and its rules for opening a business account.

Banks may flag a virtual mailbox as a commercial mail receiving agency (CMRA), which means it may not satisfy their physical-address verification requirements. This does not automatically prevent you from opening an account, but you must provide accurate details and any additional documents requested.

For business registration, a virtual mailbox may serve as your mailing address, depending on state rules. An LLC may also need a registered agent with a physical address in its state of registration to receive legal notices. Before applying, review this guide on how to open a business bank account and confirm the bank’s requirements.

Managing money while you travel

Managing money while travelling can get complicated when your income, savings and expenses involve different currencies. You might earn dollars from a US client, pay for accommodation in another country and still need money for expenses back home. Keeping track of exchange rates, transfer fees and spending limits can quickly become frustrating.

Grey helps simplify cross-border money management by giving you a way to receive international payments and manage multiple currencies. Instead of constantly converting money whenever you get paid, you can hold supported currencies and exchange them when it suits your needs.

When you need to pay for flights, accommodation or online subscriptions, Grey’s virtual card for spending abroad gives you another way to make international payments. And if you’re travelling while working remotely, you can get paid from the US while abroad by sharing your Grey USD account details with clients. That way, earning and spending across borders becomes easier to manage

Frequently asked questions about virtual mailbox services for digital nomads

1. What is a virtual PO box?

A virtual PO box, also called a virtual mailbox, gives you a mailing address where a provider receives your letters and packages. You can view scanned images of incoming mail online and choose to have items forwarded, stored or shredded. It is useful for travellers, remote workers and businesses that need reliable mail access.

2. Is a virtual mailbox legal?

Yes, virtual mailboxes are legal in the United States when used in accordance with applicable laws and postal regulations. Providers receiving USPS mail on behalf of customers operate as Commercial Mail Receiving Agencies (CMRAs) and must follow USPS requirements. You must provide accurate identification, complete required forms and avoid using the address for unlawful activities.

3. Can you use a virtual mailbox as a permanent address?

You can use a virtual mailbox as a long-term mailing address, even when you travel frequently. However, it may not qualify as your legal residence or physical address for every purpose. Government agencies, banks, insurers and licensing authorities may require a residential address, so check their specific rules before using one.

4. Do banks accept virtual mailbox addresses?

Some banks accept virtual mailbox addresses for mailing statements and correspondence, but others may reject them for account verification. A virtual mailbox is generally a commercial mailing address, not proof of where you live. Banks may require a separate residential or physical business address to meet identity-verification and compliance requirements.

5. What is USPS Form 1583?

USPS Form 1583 is an application that authorises a Commercial Mail Receiving Agency to receive mail on your behalf. You must provide identifying information and acceptable identification documents. Your signature must be witnessed by the provider or an authorised employee, or acknowledged before a qualified notary. Requirements should be confirmed with your mailbox provider.

6. How much does a virtual mailbox cost?

A virtual mailbox typically costs around $5 to $40 per month, depending on the provider, address location and plan features. Basic plans may include limited mail scanning, while higher-priced options offer more scans, storage or business services. Budget for additional charges such as postage, forwarding, document scanning, package handling and international shipping.

What is the currency of France? Euro symbol and code

Tunde Aladeloba

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October 19, 2026

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2 min read

The currency in France is the euro, represented by the symbol € and the ISO currency code EUR. If you are travelling to Paris, shopping in Lyon or paying for accommodation in Nice, you will use euros for everyday transactions. France replaced the French franc with euro banknotes and coins in 2002, making the euro its official currency.

The euro is used across mainland France and its outermost regions, including Guadeloupe, Martinique, Réunion, French Guiana and Mayotte. However, not all French territories use the euro. French Polynesia, New Caledonia and Wallis and Futuna use the CFP franc (XPF), a separate currency pegged to the euro at a fixed rate.

When budgeting for a trip, remember that prices are generally displayed in euros, whether you are paying for meals, transport or shopping. If your money is in another currency, check the exchange rate and any conversion fees before making payments. Using a suitable travel card or payment service can also help you manage spending abroad.

What currency does France use?

France uses the euro (€), with the ISO currency code EUR. If you are planning a trip to Paris, exploring the French Riviera or shopping in Marseille, you will pay for most goods and services in euros.

France previously used the French franc as its national currency. The country adopted the euro for electronic and financial transactions in 1999, before euro banknotes and coins entered circulation on 1 January 2002. The franc was then gradually withdrawn, completing France’s transition to the shared European currency.

When checking prices during your visit, look for the € symbol, which usually appears before or after the amount depending on the format. For example, €25 represents twenty-five euros. If you are converting money from naira, pounds or US dollars, the amount you receive will depend on the current exchange rate and any fees charged by your bank or payment provider.

Before travelling, compare conversion costs and payment options so you can manage your spending in France more confidently.

Do the French still use the franc anywhere?

France no longer uses the French franc as its official currency. The euro (€), code EUR, replaced it, with euro banknotes and coins introduced in 2002. However, France still uses a different franc in some of its Pacific territories: the CFP franc (XPF).

If you travel to French Polynesia, New Caledonia or Wallis and Futuna, you will encounter the CFP franc rather than the euro for everyday payments. Although these territories are French, they have a separate currency arrangement suited to their regional economies.

The CFP franc is linked to the euro at a fixed exchange rate of €1 = 119.3317 XPF. This means its value against the euro does not fluctuate with ordinary market exchange-rate movements. However, when converting your money from another currency, such as US dollars or Nigerian naira, the amount you receive can still change with exchange rates and provider fees.

If you are visiting these Pacific territories, check whether your bank card supports local payments and compare conversion charges before travelling. The CFP franc remains distinct from the former French franc, despite sharing the name.

Paying in France: notes, coins, cash and cards

When paying in France, you can use euro banknotes, coins and payment cards. Euro banknotes come in €5, €10, €20, €50, €100 and €200 denominations, while coins range from 1 cent to €2. Prices are displayed in euros, so check the total before paying.

Debit and credit cards are widely accepted in shops, hotels, restaurants and supermarkets. Contactless payments are common, allowing you to tap your card or compatible phone at checkout. However, some transactions may require a PIN, and individual merchants can set minimum card payment amounts where permitted.

Cash remains useful when visiting local markets, buying from smaller vendors, using certain public facilities or making purchases at businesses that do not accept cards. Keeping a little cash available can help you avoid payment difficulties.

If you need a convenient way to pay while travelling, Grey’s virtual card can help you make online and supported card payments in euros. Before your trip, check the card’s currency conversion rates, applicable fees and acceptance conditions so you can plan your spending with confidence.

Also read: Cheapest cities in France for international students

How to get euros for a trip to France

You can get euros for your trip to France through bank ATMs, currency exchange bureaux or your bank before departure. Withdrawing euros from an ATM in France can be convenient, but check your bank’s foreign transaction fees and the ATM operator’s charges. Use ATMs attached to established banks where possible.

Exchange bureaux at airports and tourist areas are easy to find, but they may offer less favourable rates. Compare the final amount you will receive after fees rather than relying only on advertised exchange rates.

When paying by card or withdrawing cash, you may be asked whether you want to pay in euros or your home currency. Choose euros to decline dynamic currency conversion. This usually lets your card provider handle the conversion, which may offer a better rate, although your provider’s fees still apply.

For cross-border payments, Grey offers a way to send money from the US to France. Compare the available exchange rate, transfer fees and delivery times before sending funds, so you can budget for your trip and manage your euros more effectively.

How to send money to France

Whether you are paying rent, covering tuition or supporting family, choosing the right transfer service can help you manage international payments to France. Grey supports cross-border money transfers, allowing you to send money from the UK to France and manage international payments through its platform.

Before sending money, compare exchange rates, transfer fees and delivery times to understand how much your recipient will receive. Bank transfers can include intermediary charges, while card payments may attract foreign transaction fees depending on your provider.

Grey’s multi-currency account helps you hold and manage supported currencies in one place, making it easier to organise international finances. Its virtual card also lets you make eligible online payments and pay for supported purchases in euros. Depending on your card terms and transaction, this may help you avoid certain foreign transaction fees.

Frequently asked questions about the currency of France

1. Does France use the euro or the franc?

France uses the euro as its official currency. The French franc was replaced by euro banknotes and coins in 2002. However, some French Pacific territories still use the CFP franc, a separate currency linked to the euro at a fixed exchange rate.

2. What is the euro symbol and code?

The euro symbol is €, and its three-letter ISO currency code is EUR. You will see the symbol on price tags, receipts and menus across France. For example, €50 means fifty euros. When exchanging money, use EUR to identify the currency correctly.

3. Can you use US dollars in France?

US dollars are not generally accepted for everyday purchases in France. You will usually need euros to pay for meals, transport, shopping and accommodation. Exchange your dollars before travelling or withdraw euros from an ATM. Check conversion rates and fees to manage costs.

4. Is card or cash better in France?

Cards are widely accepted across France, including in hotels, restaurants and shops. Contactless payments are common, making cards convenient for everyday spending. However, cash remains useful at local markets and smaller businesses. Carrying a little of both gives you greater flexibility during your trip.

5. What currency is used in French Polynesia?

French Polynesia uses the CFP franc, abbreviated XPF, rather than the euro for everyday transactions. The currency is pegged to the euro at a fixed rate of €1 = 119.3317 XPF. Check your card’s international payment fees before travelling to the islands.

6. How do you send money to France?

You can send money to France through a bank or an international transfer service. Compare exchange rates, transfer fees and delivery times before choosing. Grey supports cross-border payments, including transfers from the US to France. Confirm service availability and recipient details before sending.

How to get an Airtel eSIM

Tunde Aladeloba

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October 22, 2026

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2 min read

Switching to an Airtel eSIM lets you use your mobile number without inserting a physical SIM card into your phone. Instead, your device stores the SIM profile digitally, making it easier to activate your line on a compatible smartphone and manage your mobile connection.

If you want to convert your existing Airtel SIM to an eSIM, you'll typically need to send a text message, confirm your request and scann a QR code sent to your email address. The exact steps and eligibility requirements may vary depending on your country and Airtel’s current eSIM service.

Before you begin, check that your phone supports eSIM technology and that your Airtel line qualifies for conversion. You should also have access to the email address linked to your request and a reliable internet connection to download your eSIM profile. This guide explains the steps to follow and what to know before switching.

What do you need before converting an Airtel SIM to eSIM?

Before converting your Airtel SIM to an eSIM, make sure you have a compatible smartphone, an active Airtel number and access to a registered email address. These are essential for completing the conversion and receiving the eSIM activation details.

1. An eSIM-compatible smartphone

Your phone must support eSIM technology. Common eSIM-capable devices include the iPhone XS, XS Max and newer models, selected Samsung Galaxy S20 and newer models, Google Pixel 4 and newer models, and certain newer Motorola devices. However, compatibility varies by model, region and carrier, so confirm that your specific handset supports eSIM.

2. A registered email address

You need a working email address to receive the eSIM QR code and activation instructions from Airtel. Check that you can access your inbox before starting the process.

3. An active Airtel number

Keep your existing Airtel SIM active so you can send the conversion request and confirm it when prompted. You may also need your phone to receive verification messages during activation.

Check Airtel’s local requirements before beginning, as procedures differ by country.

How to convert an Airtel SIM to eSIM by SMS

Convert your Airtel SIM to an eSIM by texting Airtel, confirming your request, waiting for activation and scanning the emailed QR code.

Airtel eSIM QR code ready to scan on a phone. Place at the top of the article.

Send an SMS to 121: Open your messaging app and send eSIM followed by your registered email address to 121. Check the spelling of your email before sending the message.
Confirm your request: Airtel should send a confirmation message. Reply with 1 as instructed to authorise the SIM-to-eSIM conversion. Follow any additional prompts provided by Airtel.
Wait for processing: Allow approximately 60 minutes for Airtel to process your request, although activation times may vary. Keep your existing SIM and phone available during this period in case you receive further instructions.
Check your email for the QR code: Airtel will send an eSIM QR code to your registered email address when the process reaches the relevant stage. Check your spam or junk folder if it does not appear in your inbox.
Scan and activate your eSIM: Connect your compatible phone to Wi-Fi, open its mobile network settings and select the option to add an eSIM. Scan the QR code and follow the on-screen instructions to complete activation.

How to convert an Airtel SIM to eSIM in the Airtel Thanks app

You can convert your physical Airtel SIM to an eSIM through the Airtel Thanks app without visiting a store, provided your number and device are eligible. The steps below apply to Airtel India; menu options may vary by app version.

Open the Airtel Thanks app: Install or update the app, then log in using the Airtel number you want to convert. Keep your physical SIM active to receive verification messages.
Find the eSIM option: On the home screen, scroll to Shortcuts, tap More, then select Upgrade to eSIM. If you cannot find it, check the app’s search or help section.
Choose your device: Select "This device" to install the eSIM on your current phone, or choose Another device if that option is available.
Enter your EID. Provide the device’s 32-digit EID when prompted. You can usually find it in your phone’s settings under "About".
Complete verification. Follow the on-screen instructions, including any OTP or confirmation call from Airtel.
Activate the eSIM. Wait for Airtel’s confirmation, then follow the installation prompts on your phone. Processing may take around two hours

How to scan the Airtel eSIM QR code on iPhone and Android

To activate your Airtel eSIM, scan the QR code provided by Airtel using your phone’s mobile network settings. Keep your phone connected to Wi-Fi during setup, as the eSIM profile needs an internet connection to download.

On iPhone

Open Settings and select Cellular or Mobile Service.
Tap Add eSIM, then choose Use QR Code.
Scan your Airtel eSIM QR code using your camera.
Tap Continue and follow the on-screen instructions to install the mobile plan.
Once activated, check that your Airtel line shows a signal and can make calls.

If you’re moving to a new iPhone, follow this guide to transfer an eSIM from one iPhone to another.

On Android

Open Settings and select Connections on Samsung, or Network & Internet on Google Pixel.
Tap SIM manager or Mobile Network.
Select Add eSIM or Add mobile plan.
Choose the QR code option and scan the code from Airtel.
Follow the prompts to download and activate your eSIM.

What happens to your physical SIM?

After the eSIM activates, your physical Airtel SIM for that number is deactivated. You can remove it from your phone. If activation fails, contact Airtel before deleting any installed eSIM profile

Why is my Airtel eSIM not activating?

Your Airtel eSIM may fail to activate because of a problem with your identity verification, phone compatibility, registered email address or activation timing. Identifying the specific issue helps you determine the right fix without unnecessarily repeating the conversion process.

KYC mismatch: Airtel may be unable to verify your identity because your registration details do not match its records. Contact Airtel to confirm your subscriber information and complete any required verification.
Unsupported handset: Your smartphone may not support eSIM technology, or its regional variant may lack eSIM functionality. Check your exact model’s specifications before attempting activation again.
Wrong email address: If you entered an incorrect email address, you may not receive the Airtel eSIM QR code. Verify your registered email and check your spam folder. Contact Airtel if the QR code is missing.
Activation delay: Airtel’s activation process can take up to two hours. Keep your phone connected to the internet and follow the installation instructions. If activation still fails after the waiting period, contact Airtel support or visit an authorised store. Avoid deleting an installed eSIM profile before receiving assistance.

If you need mobile connectivity while travelling, Grey lets you top up airtime and buy eSIMs. You can also manage cross-border expenses by using Grey to send money from the US to India or send money from the UK to India, helping you handle payments while staying connected abroad

Frequently asked questions

1. How long does an Airtel eSIM take to activate?

An Airtel eSIM usually activates within two hours after you download and enable the eSIM profile on your compatible phone. During processing, your physical SIM may continue working. Keep your device connected to Wi-Fi and follow Airtel’s instructions to complete activation. Timings may vary by country and request.

2. Does converting to an Airtel eSIM change my number?

No, converting your existing Airtel physical SIM to an eSIM generally keeps your current mobile number. The process replaces the physical SIM with a digital profile linked to the same line. You can continue using your number for calls, messages and mobile data once activation is complete.

3. Can I convert an Airtel prepaid SIM to eSIM?

Yes, eligible Airtel prepaid customers can convert their physical SIM to an eSIM in supported markets. However, the process differs by country. Airtel India provides an app-based conversion process, while Airtel Nigeria directs customers to a service centre for assistance. Confirm your line’s eligibility before starting.

4. What happens to my physical Airtel SIM after conversion?

Once your Airtel eSIM activates successfully, the physical SIM linked to that number becomes inactive. You can remove it from your phone because the eSIM now provides your mobile connection. Keep the physical SIM in place until activation is confirmed to avoid losing service during the transition.

5. Can I switch an Airtel eSIM back to a physical SIM?

Yes, you can generally switch your Airtel eSIM back to a physical SIM by requesting a SIM replacement. In India and Nigeria, Airtel directs customers to a service centre or showroom for assistance. Bring the required identification and complete any verification steps before using the replacement SIM.

6. Is there a fee to convert an Airtel SIM to eSIM?

The cost depends on your country and Airtel’s current policy. Airtel Nigeria currently states that eSIM activation has no charge, while other SIM replacement services or markets may have different fees. Before converting, check with your local Airtel provider whether activation, replacement or related services incur additional costs.

What is the currency of Italy? Euro symbol and code

Tunde Aladeloba

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October 23, 2026

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2 min read

The currency of Italy is the euro, identified by the code EUR and the symbol €. If you are planning a trip to Rome, shopping in Milan or sending money to someone in Italy, understanding the local currency can help you manage your money and avoid unnecessary charges.

Imagine arriving in Italy, ready to explore its historic streets, enjoy a meal at a local restaurant or pay for your hotel. You will need euros for everyday purchases, whether you are paying by card or carrying cash. Euro banknotes come in different denominations, while coins are available in cents and euros. Although cards are widely accepted, having some cash can be useful for smaller purchases and places that prefer cash payments.

Currency exchange fees, ATM charges and your bank's foreign transaction fees can increase your spending without you noticing if you always have to convert. If you need to send money to Italy, exchange rates and transfer fees affect how much your recipient receives. This guide explains the Italy currency, its symbol and code, and practical ways to spend and transfer money while keeping costs down.

What is the currency of Italy?

Italy uses the euro (€) as its official currency. Whether you are visiting Rome, shopping in Milan or paying for accommodation in Venice, you will use euros for everyday transactions. The currency is shared by many European countries, making travel and payments across participating nations more convenient.

The euro’s official currency code is EUR, while its symbol is €. You will see the symbol before prices in many Italian shops, restaurants and online stores. One euro is divided into 100 cents. Euro banknotes are available in different denominations, alongside coins ranging from one cent to two euros, which you can use for smaller purchases.

The European Central Bank (ECB), working with the national central banks of eurozone countries, is responsible for monetary policy and maintaining price stability across the euro area. It helps manage the euro’s value by setting key interest rates and using other monetary policy tools.

Italy is a member of the eurozone, the group of European Union countries that use the euro as their official currency. This means you can generally use the same currency when travelling between Italy and other eurozone destinations, although your bank may still charge fees for certain transactions.

Euro notes and coins in Italy

When you visit Italy, you will use euro banknotes and coins for everyday purchases, from buying coffee to paying for meals and transport. Euro banknotes come in denominations of €5, €10, €20, €50, €100 and €200. Although the €500 note is no longer issued, existing notes remain valid. Banknotes share common designs across the eurozone, featuring architectural styles from different periods in European history.

Euro coins come in eight denominations: 1, 2, 5, 10, 20 and 50 cents, plus €1 and €2. Each coin has a common European side and a national side featuring designs selected by its issuing country. All euro coins can be used across the euro area.

Italy’s national coin designs reflect its rich artistic and cultural heritage. The €1 coin features Leonardo da Vinci’s Vitruvian Man, his famous drawing illustrating the proportions of the human body. Other denominations showcase Italian landmarks and masterpieces, including Dante Alighieri, the Colosseum and Sandro Botticelli’s Birth of Venus. These designs celebrate Italy’s contribution to European art and history. The European Central Bank oversees euro banknotes and contributes to maintaining confidence in the currency across participating countries.

Should you pay by cash or card in Italy?

When travelling around Italy, you can pay by card at most hotels, restaurants, supermarkets and shops in major cities, where Visa and Mastercard are widely accepted. However, keeping some euros in your wallet can help when shopping at local markets, making small purchases or visiting places where card payments are unavailable. Before travelling, check your bank’s foreign transaction fees so you know how much you could spend on charges.

You are not expected to tip everywhere in Italy, as tipping is not compulsory, but you can leave a small amount or around 5–10% when you receive particularly good service. Check your bill for any service charge before deciding what to leave.

To manage your spending digitally, you can use a Grey virtual card for eligible purchases in euros, including online bookings and payments at merchants that accept Visa. Depending on your card setup, you may also be able to add it to Apple Pay or Google Pay for contactless payments. Check applicable fees and currency conversion rates before spending.

How to get Euros for a trip to Italy

Before travelling to Italy, decide how you will access euros for meals, transport, shopping and accommodation while keeping exchange costs low. You can exchange money before departure, withdraw euros from ATMs in Italy or use a payment card that supports euro spending.

ATMs operated by established banks are convenient for withdrawing cash, but check your bank’s withdrawal charges and any fee displayed by the ATM before confirming. Exchange bureaux are another option, although you should compare exchange rates and commissions to avoid paying more than necessary.

To avoid unnecessary conversion costs, choose euros rather than your home currency whenever an ATM or card terminal offers dynamic currency conversion. This allows your card provider to handle the conversion instead of accepting the machine’s potentially unfavourable rate. You should also check whether your bank charges foreign transaction fees.

A Grey virtual card offers another way to pay for eligible purchases in euros. Check Grey’s card fees and exchange rates, and compare them with your bank’s charges to find a cost-effective way to spend while travelling.

Also read: Italy digital nomad visa: Requirements, costs and process

How to send money to Italy

Whether you are supporting a family in Italy, paying tuition fees or covering accommodation and other expenses, you need a reliable way to send money in euros without losing track of exchange rates and transfer costs. Grey makes cross-border transfers easier by allowing eligible users to send money from Nigeria to European bank accounts in EUR. You can fund your Grey account, review the available exchange rate and fees, and transfer euros directly to your recipient’s bank account.

Grey is also a multi-currency platform, allowing you to hold and convert supported currencies to manage international payments in one place. This can be useful when you earn in one currency but need to pay expenses in euros. Before confirming a transfer, check the live exchange rate, applicable fees and the final amount your recipient will receive.

Frequently asked questions about the currency of Italy

1. Does Italy use the euro or the lira?

Italy uses the euro (€) as its official currency, not the Italian lira. The lira was replaced by the euro in 1999 for accounting purposes, with euro banknotes and coins entering circulation in 2002. Today, you need euros to pay for everyday purchases, transport, meals and accommodation in Italy.

2. What is the euro symbol and code?

The euro symbol is €, and its official three-letter currency code is EUR. You will see these used on Italian price tags, restaurant menus, receipts and online bookings. One euro is divided into 100 cents. When exchanging money or sending payments to Italy, use EUR to identify the currency correctly.

3. Can you use US dollars in Italy?

US dollars are not generally accepted for everyday purchases in Italy because the euro is the official currency. You should exchange dollars for euros or withdraw euros from an ATM. Some tourist businesses may accept other currencies, but their exchange rates may be unfavourable. Paying in euros usually makes costs easier to compare.

4. Is it better to pay with cash or card in Italy?

Cards are widely accepted in Italian cities, hotels, restaurants and shops, making them convenient for everyday spending. However, carrying some euros is useful for markets, small purchases and places that do not accept cards. Check your bank's foreign transaction fees and choose euros rather than your home currency when prompted at payment terminals.

5. How much cash should you take to Italy?

The amount depends on your travel plans, accommodation and spending habits. For many travellers, carrying around €50–€100 for initial expenses and small purchases is a reasonable starting point, while using a card for larger payments. You can withdraw additional euros as needed, but check ATM charges and your bank's withdrawal limits first.

6. How do you send money to Italy?

You can send money to Italy through a bank transfer or an international money transfer service. Compare exchange rates, transfer fees and delivery times before choosing. Grey supports eligible cross-border transfers and multi-currency services, allowing users to send money in euros to supported destinations. Check availability, fees and recipient requirements before confirming your transfer.

What is the RTP network? Real-time payments in the US

Tunde Aladeloba

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October 10, 2026

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2 min read

Imagine a US business paying a freelancer on a Friday evening and the freelancer receiving the money within seconds, rather than waiting until the next business day for a traditional bank transfer to clear. That is the kind of experience real-time payments are designed to make possible, and it is where the RTP network comes in.

The RTP network is a US real-time payments system run by The Clearing House that settles payments instantly, 24/7, every day of the year. Funds are available to the recipient within seconds and payments are final. It is used for payroll, bill pay and business-to-business transfers.

For you, the biggest difference is speed. Instead of planning around banking hours, weekends or public holidays, an RTP payment can move whenever the sending and receiving institutions support the network. That makes real-time payments particularly useful when getting paid, settling an urgent bill or moving money between businesses.

What is the RTP Network?

The RTP Network is a US real-time payments network that allows participating banks and financial institutions to send and receive eligible payments within seconds, rather than waiting for traditional banking processing windows. If you are sending money through a participating institution, the payment can move at any time, including nights, weekends and holidays, making it useful when waiting until the next business day is not an option.

The network is operated by The Clearing House, a US payments company owned by a group of major banks. Unlike traditional payment systems that may process transactions in batches, the RTP Network is designed for continuous, real-time processing, so funds can become available to the recipient almost immediately after the payment is sent.

For you, the key features are speed, availability and finality. RTP payments operate 24 hours a day, seven days a week, 365 days a year, and payments sent through the network are generally irrevocable once completed. The network supports use cases including business payments, bill payments, payroll and other account-to-account transfers.

How RTP payments work

An RTP payment can start with a request for payment or a direct credit push, before the network processes and settles the transaction almost immediately.

Request for payment

A request for payment allows the recipient or business to ask you to make a payment electronically. You receive the request through your participating bank or financial institution, review the payment details and authorise it. Once approved, the payment can be sent through the RTP Network without waiting for normal banking hours.

Credit push

A credit push is the more direct option, where you instruct your bank or financial institution to send money to the recipient's account. You provide the required account and payment details, confirm the amount and authorise the transaction. The sending institution then submits the payment through the RTP Network for processing.

Instant settlement

Once the payment is submitted, the RTP Network processes it in real time and settles the transaction between participating financial institutions. The recipient can typically access the funds within seconds, while the payment becomes final after settlement. Because RTP operates continuously, payments can be made on weekends, holidays and outside traditional banking hours.

RTP vs FedNow vs ACH vs wire transfers

This comparison shows how RTP, FedNow, ACH and wire transfers differ across speed, cost, operating hours and payment finality, helping you choose the right rail.

Payment Rail	Speed	Cost (Network / Retail)	Operating Hours	Finality (Irrevocability)
RTP	Immediate (seconds)	Network: $0.045; Retail: free to low fee	24/7/365	Immediate and final
FedNow	Immediate (seconds)	Network: $0.045; Retail: free to low fee	24/7/365	Immediate and final
ACH	1–3 business days	Network: <$0.01; Retail: free to $1.00	Business hours (batches)	Reversible (60-day consumer window)
Wire	1–2 hours	Network: Variable; Retail: 15–50	Varies by institution	Generally final

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When should you use real-time payments?

You should use real-time payments when you need money to reach someone within seconds, rather than waiting for traditional banking hours or batch processing. They are particularly useful for urgent payments, payroll, bills and business-to-business transfers where immediate access to funds matters.

Payroll

If you run payroll and need employees or contractors to receive their money immediately, real-time payments can shorten the gap between sending funds and availability. This can be particularly useful for urgent payments, off-cycle payroll or businesses paying workers outside traditional banking hours.

Bill payments

Real-time payments can help you settle bills when waiting several business days is not practical. If a payment is due today, sending it through a participating institution can make funds available quickly, helping you avoid delays, missed deadlines or interruptions to important services.

Business-to-business payments

For B2B payments, real-time payments can help you pay suppliers, contractors or business partners without waiting for traditional payment batches. Faster settlement can improve cash flow, speed up fulfillment and give the recipient access to funds almost immediately after the payment is sent.

Also read: How to choose a cross-border payments platform you can trust

How cross-border payments work when domestic instant rails stop at the border

Real-time payment networks such as RTP are built for domestic transfers, which means the speed you experience within the US does not automatically apply when you make a cross-border payment. For example, someone looking to send money from the US to Mexico may still need a different payment route because the transaction involves another country, currency, banking system and regulatory requirements.

That does not mean international transfers have to be difficult. With a multi-currency account, you can receive and hold money in different currencies before deciding when to convert or move it. This gives you more control, particularly when you regularly receive payments from abroad and do not want every transaction converted immediately.

For example, with Grey, you can manage multiple currencies in one account and use supported payment routes for international transfers. Whether you need to send money from the US to Mexico or manage payments across other countries, holding your funds in the currency you receive them in can give you more control over when and how you move your money.

Also read: Best cross-border payment platforms compared 2026

Frequently asked questions about the RTP Network

What is the RTP network?

The RTP network is a US real-time payments system operated by The Clearing House. It allows participating banks and financial institutions to send and receive payments instantly, 24/7, 365 days a year. Unlike traditional payment methods that process in batches, RTP transactions settle individually, with funds available within seconds.

Who runs it?

The RTP network is operated by The Clearing House, a US payments organisation owned by major banks. It provides the infrastructure that participating financial institutions use to send and receive real-time payments. Your bank or payment provider must participate in RTP for you to make or receive an RTP payment.

How fast is it?

RTP payments typically reach the recipient within seconds, rather than taking one or several business days. The network operates continuously, including weekends and public holidays, so you do not have to wait for normal banking hours. Once an RTP payment settles, the funds are generally available to the recipient immediately.

How is RTP different from FedNow?

RTP and FedNow are both US real-time payment networks that enable near-instant transfers 24/7. The main difference is who operates them: The Clearing House runs RTP, while the Federal Reserve operates FedNow. Your choice usually depends on which real-time payment network your bank or financial institution supports.

Is RTP the same as ACH?

No. RTP and ACH are different US payment rails. RTP processes payments individually in real time, allowing recipients to access funds within seconds, while ACH payments are generally processed in batches and can take longer. ACH transactions can also have different rules around reversals and payment processing compared with RTP.

Can I use it internationally?

RTP is primarily designed for domestic payments within the US, so you generally cannot use it as a direct international payment network. Sending money across borders, such as from the US to Mexico, requires a separate international payment route that can handle different currencies, banking systems and regulatory requirements.

What is the currency of Thailand? Baht symbol and code

Olayoyin Olorunmota

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October 10, 2026

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2 min read

Recently, Thailand has become one of the most sought-after destinations for vacationers. Now, before you hop on that flight, you need to understand the country’s currency, which denominations are in circulation, and how to get a fair rate when you convert or send money, so you save time and money from the moment you land.

This guide covers everything you need to know about Thailand’s currency, the Thai baht: its symbol, currency code, history, denominations, and practical advice for travellers and anyone sending money to Thailand.

What is the currency of Thailand?

The currency of Thailand is the Thai baht, and it’s the only legal tender accepted across Thailand for everyday transactions, from street food and tuk-tuks to hotels and department stores. The baht has been Thailand’s official currency since the late 19th century and is issued and regulated by the Bank of Thailand.

The baht is a relatively stable emerging-market currency that trades on international foreign-exchange markets. It floats within a managed regime overseen by the Bank of Thailand, which intervenes periodically to limit volatility. For most travellers and remittance senders, the baht is freely exchangeable at banks, authorised money changers, hotels, and through online platforms.

Thailand’s economy is among the largest in Southeast Asia, and the baht reflects it. It is widely recognised, commonly held by foreign exchange desks around the world, and straightforward to convert from major currencies, including USD, EUR, GBP, and SGD.

The Thai baht: symbol and code

The Thai baht uses the symbol ฿ and the ISO 4217 currency code THB. On price tags, menus, and payment receipts in Thailand, you will see the ฿ symbol placed before the amount: ฿500, ฿1,200. In international financial contexts and money transfer platforms, the code THB is used to identify the currency.

One baht is divided into 100 satang, which is the subunit of the baht. The word “satang” comes from the Sanskrit “śataṅga,” meaning “one hundredth.” In practical terms, satang coins are used but rarely noticed by visitors, as most purchases are priced in whole baht.

Notes and coins

The Thai baht is issued in both banknotes and coins, covering a range of denominations suited to everyday transactions from small street purchases to larger payments.

Banknotes

Denomination	Colour	What is featured
฿20	Green	King Rama X on the front; national landmarks on the reverse
฿50	Blue	King Rama X on the front; national landmarks on the reverse
฿100	Red	King Rama X on the front; national landmarks on the reverse
฿500	Purple	King Rama X on the front; national landmarks on the reverse
฿1,000	Brown/grey	King Rama X on the front; national landmarks on the reverse

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All current banknotes feature the reigning monarch, King Vajiralongkorn (Rama X), on the front face. Earlier series featured King Bhumibol Adulyadej (Rama IX), who reigned until 2016. Older Rama IX notes remain legal tender and are still widely in circulation. You will encounter both in everyday transactions.

The ฿20 note is the most commonly used for small transactions. The ฿1,000 note is the largest denomination and is standard for paying at hotels, shops, and restaurants. The ฿500 is also widely accepted.

Street vendors and tuk-tuk drivers often cannot make change for a ฿1,000 note. Keeping a supply of ฿20, ฿50, and ฿100 notes makes small daily purchases easier, so always keep that in mind.

Coins

Denomination	Composition	Notes
25 satang	Aluminium bronze	Small; used primarily in supermarkets
50 satang	Aluminium bronze	Occasionally used in supermarket pricing
฿1	Nickel-clad steel	Common in everyday use
฿2	Nickel-clad steel	Common in everyday use
฿5	Nickel-clad steel	Common in everyday use
฿10	Bimetallic	Most commonly used coin; appears in nearly all transactions

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The ฿10 coin is the most prevalent in Thailand. It is bimetallic, with a gold-coloured outer ring and a silver-coloured centre, and is used across all types of transactions from vending machines to street markets. The ฿1, ฿2, and ฿5 coins are also common. Satang coins appear primarily in supermarket and pharmacy change.

Using the baht as a traveller

Thailand is primarily a cash economy in many contexts, though card acceptance has expanded significantly in urban areas and tourist zones. Understanding when cash is essential and when cards work best helps you plan your spending and avoid unnecessary fees.

When is cash essential?

Street food and markets: Almost all food stalls, night markets, floating markets, and local vendors across Thailand operate on a cash-only basis. The famous Chatuchak Weekend Market in Bangkok, every night market from Chiang Mai to Phuket, and virtually all local restaurants expect baht in hand.

Tuk-tuks, songthaews (shared trucks), and motorbike taxis: While ride-hailing apps like Grab now offer card payment for cars, traditional transport remains cash-dependent.

Temples and tourist sites: Some accept cards, but many require cash for entry fees, donations, and purchases at site stalls.

Small guesthouses and bungalows: particularly on the islands and in rural areas, smaller accommodations often operate cash only or charge a fee for card payments.

When are cards accepted?

Shopping malls, department stores, and major supermarkets (Central, The Mall, Big C, Lotus’s) accept Visa and Mastercard. Chain restaurants, international hotels, and larger tourist restaurants also take cards. Grab rides booked in-app, accept card payment.

Getting baht at a fair rate

ATMs in Thailand dispense baht directly from your foreign debit or virtual debit card. The exchange rate is typically close to the interbank rate, but Thai ATMs charge a fixed fee of 220 baht per withdrawal at most banks. This fee is charged by the Thai bank, not your home bank. If your home bank also charges an international ATM fee, withdrawing larger amounts less frequently reduces the total fee paid.

Currency exchange booths in Thailand, particularly authorised money changers rather than hotel desks, typically offer better rates than airport exchanges. SuperRich (orange and green) and Vasu Exchange are well-regarded in Bangkok. Airport exchange booths are convenient but tend to offer worse rates.

Using your card for direct purchases abroad triggers your card network’s exchange rate plus any foreign transaction fee charged by your card issuer. To understand how card exchange rates work before your trip, see our guide on how card exchange rates work. For practical steps to keep those costs down, our guide on avoiding foreign transaction fees covers the main options.

For travellers who earn in multiple currencies or want to hold baht and other currencies in one place, Grey lets you hold multiple currencies in a single account and convert at a transparent rate before you travel.

Practical tips for using baht

Carry small denominations. ฿20, ฿50, and ฿100 notes are used for most daily transactions. Having ฿1,000 notes is fine for hotels and shops, but annoying for markets and street food.

Keep coins. Thai coins accumulate quickly and are useful for small purchases, vending machines, and motorcycle taxi fares.

Don’t exchange money at the airport unless necessary. Rates at airport exchange counters are typically worse than in-city authorised money changers. Exchange a small amount at the airport for immediate needs (transport, first meal) and exchange the bulk once you’re in the city.

Decline dynamic currency conversion at ATMs and card terminals. When a Thai ATM or card payment machine offers to charge you in your home currency rather than baht, decline. This is called dynamic currency conversion, and the rate applied by the machine is almost always significantly worse than your card’s standard rate.

Sending money to Thailand

If you’re sending money to family, paying rent, covering business expenses, or supporting someone in Thailand from abroad, the method you use determines how much they receive.

The Thai baht is freely receivable at all major Thai banks, including Bangkok Bank, Kasikorn Bank (KBank), Siam Commercial Bank (SCB), Krung Thai Bank, and TMBThanachart Bank. International transfers arrive as THB after conversion, or as USD/EUR/GBP for foreign currency accounts held at Thai banks.

The main cost considerations when sending money to Thailand are the exchange rate applied on conversion and any transfer fees or correspondent bank charges. Traditional bank wire transfers to Thailand typically carry an outbound fee of $25 to $50 from the sending bank, plus a conversion spread of 2 to 4% above the mid-market rate at the receiving end. Correspondent bank fees can reduce the amount further in transit.

With Grey, you make transfers to Thailand for a flat fee of $1.80, regardless of the amount. Regular deposits via ACH, SEPA, or Faster Payments carry a 0.8% fee capped at $10. This is significantly cheaper than the combined cost of a bank wire plus a bank conversion spread on larger transfers.

To get started, send money to Thailand with Grey and see the current rate and total fee before committing to the transfer. For US-based senders specifically, our send money from the US to Thailand page covers the process in detail.

Frequently asked questions about the Thai baht

What is the currency of Thailand?

The currency of Thailand is the Thai baht, abbreviated THB and symbolised as ฿. It is the sole legal tender in Thailand and is issued and regulated by the Bank of Thailand. One baht divides into 100 satang. The baht is used for all transactions across the country, from small street food purchases to large hotel bills and business payments.

What is the symbol for the Thai baht?

The Thai baht symbol is ฿. It is placed before the amount in Thai pricing conventions, for example, ฿100 or ฿1,500. In international financial contexts, the three-letter ISO code THB is used to identify the currency in exchange rates, bank transfers, and financial systems.

What is the currency code for the Thai baht?

The currency code for the Thai baht is THB, as assigned under the ISO 4217 international currency standard. This code is used on money transfer platforms, bank statements, foreign exchange rate boards, and financial software to identify transactions denominated in Thai baht.

What is a satang?

A satang is the subunit of the Thai baht. One baht equals 100 satang. Satang appear as coins in denominations of 25 satang and 50 satang, and are occasionally used in supermarket and pharmacy pricing. In most everyday Thai transactions, prices are rounded to the nearest whole baht, so satang coins are not frequently encountered in street markets or restaurants.

Should I use cash or card in Thailand?

Both are useful, but cash remains essential in Thailand. Street food stalls, local markets, motorbike taxis, small guesthouses, and many tourist attractions operate on cash only. Cards are accepted reliably at shopping malls, chain supermarkets, international hotels, and larger restaurants. A practical approach is to carry baht cash for daily spending and markets, and use a card at larger establishments. Avoid dynamic currency conversion at ATMs and card terminals, and withdraw larger amounts to minimise the ฿220 per-transaction ATM fee that Thai banks charge.

How do I send money to Thailand?

To send money to Thailand, you need the recipient’s Thai bank name, account number, and the bank’s SWIFT code. Grey provides international transfers to Thailand for a flat fee of $1.80, with the rate shown before you confirm. Traditional bank wire transfers typically carry a $25 to $50 outbound fee plus a 2 to 4% conversion spread, making fintech transfers significantly cheaper for most amounts.

Send money to Thailand with Grey