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Berlin to Montevideo, in one conversion
Spain and Italy have deep ties with Uruguay, and European firms pay Montevideo developers. For senders in Berlin, the practical question is simple: how much lands, and when.
Grey answers both before you confirm. EUR converts to UYU once, the fee is shown separately, and the money reaches Banco República, Santander Uruguay, Itaú Uruguay, Scotiabank Uruguay as a normal deposit. German senders fund by SEPA from Deutsche Bank, Commerzbank, Sparkasse or N26. The euro balance sits on Grey until a payment is due.
How sending to Uruguay works
Sign up
Open the app, scan your passport or Aufenthaltstitel, take a selfie. Most accounts in Germany are approved within minutes. Grey works with regulated partners in the EU.
Fund
Top up in euros by SEPA transfer from any German bank. If you're paid in foreign currency, that balance can fund the transfer directly.
Send
Enter the recipient's BROU, Santander or Itaú account number. Grey shows the EUR to UYU rate and the exact pesos before you confirm.
The real price of Uruguayan pesos from Germany
One conversion, EUR to UYU, with the rate and fee disclosed before you send from Berlin. When a bank can't quote a currency, it tells you to send dollars. The person in Montevideo then pays their bank's spread and a receiving fee, and you never know what they actually got.
Locked at confirmation
A rate that holds means you can promise someone in Montevideo an exact UYU figure and know it will arrive. When a bank can't quote a currency, it tells you to send dollars. The person in Montevideo then pays their bank's spread and a receiving fee, and you never know what they actually got.
Grey fixes EUR to UYU at the tap, every time, from Berlin or anywhere else in Germany.
Why domestic delivery matters in Uruguay
Anyone in Berlin who has wired money to Montevideo the old way knows the feeling of not knowing what landed. When a bank can't quote a currency, it tells you to send dollars. The person in Montevideo then pays their bank's spread and a receiving fee, and you never know what they actually got.
What arrives in Uruguay
A standard UYU deposit into an account at BROU or any other bank in Uruguay. It appears as a local transfer on their statement. No Grey account needed on their side, only on yours in Berlin.
Account credit, not pickup
UYU goes into the account at Banco República, Santander Uruguay, Itaú Uruguay, Scotiabank Uruguay. No queue, no agent.
Reuse the details
Save the Montevideo recipient and every later transfer is three taps.
Track from Berlin
Pending, converted, delivered: each stage shows in the app.
Before you send
Before the UYU reaches Montevideo, the money has to get onto Grey in Berlin. German senders fund by SEPA from Deutsche Bank, Commerzbank, Sparkasse or N26. The euro balance sits on Grey until a payment is due. Convert to UYU when the payment to Montevideo is due.
From Deutsche Bank, Commerzbank, Sparkasse, N26 or any German bank
euros credited in minutes.
From abroad
USD, EUR or GBP straight to UYU.
From Grey
GreyTag balances are ready to send to Uruguay immediately.
Save the recipient in Montevideo once and a repeat transfer from Berlin takes three taps.
What the money is for
Family
Support for relatives in Montevideo, Punta del Este and Salto.
Trade
Payments to Uruguayan exporters and free-zone service providers.
Remote work payments
Paying Uruguayan developers, designers and consultants in pesos.
Students
Living costs for students at Universidad de la República and ORT.
Seen from Berlin, the corridor looks like this. Spain and Italy have deep ties with Uruguay, and European firms pay Montevideo developers. From Berlin, the money tends to go to specific bills with specific due dates.
Grey on Germany to Uruguay, in three points
Between Berlin and Montevideo, the problem is well known. When a bank can't quote a currency, it tells you to send dollars. The person in Montevideo then pays their bank's spread and a receiving fee, and you never know what they actually got. Grey's fixed rate and visible fee exist so nothing about the transfer from Berlin is left to chance.
One conversion from EUR in Berlin, rate locked, UYU delivered to Banco República, Santander Uruguay, Itaú Uruguay, Scotiabank Uruguay or any other bank in Uruguay.
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