The best way to receive and hold foreign currency in Egypt

Adeolu Titus Adekunle

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Egyptians are increasingly earning, receiving, or spending money in foreign currencies, from remote work and international scholarships to shopping on global platforms. But managing USD, EUR, or GBP from Egypt isn’t always easy, especially with local banks offering limited support, poor exchange rates, and complicated processes.

Grey offers a better way. Egyptians can open foreign accounts in major currencies, receive international payments with ease, hold balances without forced conversion, and spend online with a USD card.

This guide explains how Grey simplifies receiving and holding foreign currency in Egypt.

Also read: How to open a UK bank account remotely from Egypt

Why Grey is the easiest way to manage foreign currency in Egypt

Grey is a user-friendly digital platform built for Egyptians who work, earn or spend globally. It helps you manage foreign currencies like USD, EUR and GBP with ease. You can receive international payments, hold multiple currencies in one place, convert only when needed at competitive rates, and shop online using your Grey card.

  • Multicurrency accounts: Hold USD, GBP, or EUR in foreign accounts.
  • Low fees: Transparent, minimal fees compared to banks’ high markups.
  • Global accessibility: Manage transfers anywhere via the mobile app or website and at any time of the day. With Grey, distance and borders pose no concern.
  • Virtual USD debit card: Users also enjoy a versatile USD debit card that further simplifies online payments and provides more financial flexibility.

How to send money to Egypt with Grey

Grey simplifies sending money to Egypt with multi-currency bank accounts tailored for the diaspora. Follow these steps to create an account and start sending money to Egypt to Grey.

  • Sign up: Register on Grey’s website or app using a smartphone or computer.
  • Verify identity: Submit a valid ID (e.g., Egyptian passport, national ID), selfie, and proof of address (e.g., overseas utility bill or residence permit).
  • Create a foreign account: Request a USD, GBP, or EUR account. Your bank details should be provided almost immediately.
  • Fund your account: Deposit funds via bank transfer, freelance platforms (e.g., Upwork), or international payments from clients or employers.

Also read: Here’s how to receive British Pounds in Egypt

Send money home seamlessly with Grey

Sending money to Egypt from abroad is effortless with Grey, regardless of where you are. Grey’s foreign accounts help to streamline your finances by offering multiple currency options, low fees, and fast transfers.

Get started with Grey today and make it easy to manage international payments.

Open a free Grey account to get startedJoin 1 million digital nomads

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