Beyond being one of our favourite tourist destinations, Indonesia is home to a budding community of freelancers, businesspeople, expats and international students. Many of these individuals experience difficulties sending and receiving euros despite the long list of international payment options. You don’t have to endure delayed transactions, complex processes, unfavourable conversion rates, and high transaction fees.

This guide highlights Grey as the most efficient method for sending and receiving EUR in Indonesia and reviews key considerations.

What to consider for EUR transactions in Indonesia

We considered some key points before opting for this smart way of managing euro transactions in Indonesia. You should also look into these factors if you are comparing options.

• Exchange rates
• Fee structure
• Transfer speed
• Availability
• Regulation compliance
• Security
• Customer support

Why Grey is the smart choice for sending and receiving EUR in Indonesia

Grey is an efficient fintech solution built to help people in Indonesia transact with the rest of the world with ease. With EUR accounts, competitive rates, and seamless integration with Indonesia’s financial ecosystem, here are some reasons Grey is a smart way to send and receive EUR in Indonesia.

• EUR bank account: Grey offers EUR bank accounts for seamless transactions.
• Easy transactions: In a few clicks, you can send and receive EUR to international accounts quickly.
• Fast setup: Create an account via app or website in minutes, even in rural areas.
• Low fees: Enjoy transparent, minimal fees for transfers and conversions, saving more compared to traditional banks
• Easy funding and withdrawals: You can fund your EUR account from your local bank account and withdraw to your local bank account swiftly and in a few clicks.
• Multi-currency dashboard: Manage EUR, USD, and GBP in one platform, streamlining international finances.
• Security: Grey has a strong security infrastructure to protect your data and funds.

Also read: How to exchange currency safely when visiting Indonesia

How to send and receive EUR with Grey in Indonesia

You can start sending and receiving EUR the smart way with Grey by following these steps:

• Sign up: Register on Grey’s website or app using your smartphone or computer.
• Verify identity: Submit your national ID, a selfie, and proof of address (e.g., utility bill) for quick verification.
• Request EUR account: Once your account is verified, generate your EUR account details.
• Receive EUR: Share your bank details with senders (e.g., clients, family, or universities) to receive EUR payments directly.
• Send EUR: Enter recipient details in Grey’s app to transfer EUR to international accounts.
• Manage funds: Convert EUR to IDR at competitive rates or withdraw to local banks.

Also read: How to open US and UK bank accounts in Indonesia

Managing EUR transactions smartly with Grey

Handling euros in Indonesia is stress-free with the right platform. Whether you’re a freelancer in Bandung, an expat in Batam, a student in Malang, a business owner in Medan, or on holiday in Bali, Grey offers a smart way to send and receive EUR anywhere and at any time. With multi-currency accounts, low fees, and support for Indonesia’s banks and mobile apps, it’s your smart solution.

Get started with Grey today for smooth EUR transactions in Indonesia.

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