Send money from Australia to Luxembourg
Grey converts a US dollar, pound or euro balance into euro and pays it into a Luxembourg account by IBAN. BGL BNP Paribas, ING Luxembourg and Banque et Caisse d'Epargne are supported, the payment travels as a SEPA credit, and the rate and the fee are shown before you confirm.
AUD
EUR
-
Trusted by 3M+ people around the world
GOOGLE PLAY •22K REVIEWS
APP STORE • 12K REVIEWS
Mostly fund and professional payments
There is no Luxembourgish community in Australia to speak of, and this page is not going to invent one. What sends money along this route is work. Luxembourg is one of the larger fund domiciles in the world, so Australian investors, trustees, family offices and finance professionals end up paying administration charges, subscription amounts and professional fees into accounts there.
The rest is scattered. A law firm's bill, a European employer or holding company, an Australian working in Luxembourg for a few years, an invoice from a service provider that happens to be registered there.
Luxembourg uses the euro, so there is one conversion. Grey pays euro into a Luxembourg IBAN at BGL BNP Paribas, ING Luxembourg or Banque et Caisse d'Epargne, and nothing is required of the recipient beyond an account of their own.
Three steps to a Luxembourg IBAN
Open the account
Opening an account takes about five minutes, costs nothing, and needs one valid identity document. The identity check happens once and is not repeated for each payment you make afterwards.
Hold a balance
Grey does not offer an Australian dollar balance. Payments leave from US dollars, provided by Lead Bank, or from pounds or euro, built out of money arriving in those currencies or moved across from an account that holds them.
Pay the IBAN
Enter the Luxembourg IBAN, check the euro amount and the fee, and confirm. From a funded balance the euro is typically credited within minutes.
What it costs
These are quoted amounts. A fund administration charge, a subscription figure, a professional fee. None of them flex to accommodate whatever the transfer happened to deliver, so a shortfall means a second payment and a second cost.
The euro figure shown before confirmation is the one to check against the invoice in front of you.
One conversion, fixed at confirmation
Luxembourg is in the eurozone. Your balance converts to euro once, euro credits the account, and nothing converts again at the other end.
The rate shown when you confirm is the rate applied, so the euro total is known before the payment leaves rather than after it lands.
Grey against an Australian bank transfer to Luxembourg
An Australian bank treats a euro payment to Luxembourg as an international wire. That means correspondent banks, business day settlement, charges at more than one point in the chain, and an exchange rate applied rather than displayed. The same bank will move money between two Australian accounts in seconds through Osko and charge nothing worth naming for it. Grey converts once into euro from a funded balance, shows the euro figure and the fee before you confirm, and pays into the Luxembourg IBAN through SEPA.
What arrives in Luxembourg
No account with Grey is needed at their end. Euro credits the Luxembourg account as an ordinary SEPA payment.
Luxembourg banks
BGL BNP Paribas, ING Luxembourg and Banque et Caisse d'Epargne are supported, which covers the fund administrator, the law firm and the employer most Australian senders here are paying. The IBAN is the only detail required.
SEPA and SEPA Instant
The payment moves inside the Single Euro Payments Area rather than as a cross border wire. From a funded Grey balance the credit typically lands within minutes.
Between Grey accounts
A GreyTag transfer between two Grey users is free, instant and works in any currency.
Funding the payment from Australia
Grey does not hold Australian dollars, so a Luxembourg payment is funded from US dollars, pounds or euro. For most people paying into Luxembourg, one of those is already the currency their income or their portfolio deals in.
Income in dollars
Your Grey US dollar account, provided by Lead Bank, has account details a client, an employer or an overseas payer can use directly.
Moving euro in
Euro held in another account can be transferred into the Grey euro balance, after which the payment needs no conversion at all.
An existing balance
Where the balance is already funded, paying an invoice takes about as long as reading the IBAN off it.
Funding before a due date rather than on it is the whole discipline here, because these payments almost always arrive with a deadline attached.
What goes from Australia to Luxembourg
Fund and administration charges
Administration, custody and subscription amounts payable to entities domiciled in Luxembourg, usually quoted as exact euro figures.
Professional fees
Legal, audit and advisory bills from firms based there, billed in euro and due on a date somebody else has set.
Employment and secondments
Australians working in Luxembourg, and the payments that follow a person between two countries while they are there.
Suppliers and services
Invoices from service providers registered in Luxembourg, including technology and logistics businesses using it as a European base.
Four uses, and they are almost entirely professional.
Five reasons to use Grey here
The account costs nothing to open, takes about five minutes, and needs one valid identity document. Enter the IBAN once and later payments against the same relationship are quick.
Grey reaches more than 80 countries and holds balances in US dollars, provided by Lead Bank, pounds and euro, with a virtual Mastercard alongside them. Every transfer is encrypted and tracked from the confirmation screen to the moment the Luxembourg account is credited.
FAQs
Which Luxembourg banks does Grey pay into from Australia?
BGL BNP Paribas, ING Luxembourg and Banque et Caisse d'Epargne are supported. The recipient's IBAN is the only detail required.
What currency arrives in a Luxembourg account?
Euro. Luxembourg is in the eurozone, so your balance converts once and nothing is converted again on arrival.
Can I pay a fund administration charge in Luxembourg from Australia?
Yes. Enter the IBAN from the invoice and check the euro total at confirmation against the amount you have been billed.
Can I hold Australian dollars in Grey to pay a Luxembourg invoice?
No. Grey has no Australian dollar balance, so payment comes from US dollars, provided by Lead Bank, or from pounds or euro.
How long does a euro payment from Australia to Luxembourg take?
The euro typically lands within minutes from a funded Grey balance, since it travels through SEPA rather than as an international wire.
Is the euro figure fixed before I confirm?
Yes. The rate is fixed at confirmation, so the euro total on screen is what credits the Luxembourg account.
Does the firm in Luxembourg need a Grey account to be paid?
No. The euro credits their existing account as an ordinary SEPA payment, and nothing is required from them.
Should I hold euro if I pay Luxembourg invoices regularly?
Often yes. Holding euro means a euro invoice is paid with euro and no conversion happens on the way at all.
Is there a Luxembourgish community in Australia sending money home?
No. This corridor is almost entirely professional: fund charges, legal and advisory fees, and payments for Australians working in Luxembourg.
How should I compare the cost of paying into Luxembourg?
On the euro amount that lands. Grey shows the rate and the fee together before you confirm the payment.
What if the counterparty in Luxembourg also uses Grey?
Pay by GreyTag. A transfer between two Grey accounts costs nothing and arrives instantly, whatever currency each side holds.
Get digital banking
at your fingertips
