Euro from Ireland to a Cypriot bank account
Cyprus and Ireland share a currency, so euro leaves your Grey balance and euro credits the account at Bank of Cyprus, Hellenic Bank or Alpha Bank Cyprus. Nothing is converted on the way and nothing is converted on arrival. Credits over SEPA typically land within minutes.
EUR
EUR
-
Trusted by 3M+ people around the world
GOOGLE PLAY •22K REVIEWS
APP STORE • 12K REVIEWS
Who sends money from Ireland to Cyprus
Volumes on this corridor are modest, and the senders are easy to describe. Irish people who bought a place in Paphos, Limassol or Larnaca and still pay communal charges and utilities on it. Parents in Ireland supporting a Cypriot student here, or a Cypriot family here supporting someone at home. And professionals moving between two small island economies that both run large fund administration and shipping services sectors, which is a genuine Dublin to Limassol pattern rather than a general one.
Because both countries are in the eurozone, the amount is the only number in the conversation. There is no rate to watch and no arrival conversion to lose anything to.
Your recipient keeps their existing Cypriot bank account. Nothing on their side changes.
Three steps to a Cypriot account
Sign up
Opening a Grey account is free, takes roughly five minutes, and needs one valid identity document.
Fund in euro
Move euro into your Grey balance by SEPA from an Irish current account. It sits there until the Cypriot payment is due.
Send
Key in the Cypriot IBAN, read the fee, confirm. The euro arrives at Bank of Cyprus or Hellenic Bank as a standard credit.
The cost of sending euro to Cyprus
The second cost people forget is the one at the other end. A Cypriot bank receiving a SEPA credit in euro has nothing to convert, so the figure you confirm in Dublin is the figure that appears in Limassol.
Where a conversion does exist is on your side, if you are sending from dollars or sterling held on Grey. In that case the rate shows next to the fee and is fixed when you confirm.
Why there is no rate on this route
Ireland and Cyprus both use the euro, so a transfer between them is an amount, not an exchange. That is the whole of it.
If your Grey balance is in another currency, one conversion happens before the money leaves, at the rate you accept on screen. The euro figure reaching the Cypriot account is then fixed, which matters when a service charge has to be paid to the cent.
Grey compared with an Irish bank paying Cyprus
Sending to Cyprus from an Irish bank is a euro payment inside SEPA, so the money gets there, but the charge is usually published in a tariff document rather than shown when you type the amount. Grey shows the fee at the moment you decide, keeps the payment trackable until it settles in Cyprus, and lets you save the recipient for the next quarter's charges.
How it looks in the Cypriot account
An ordinary euro credit in their Cypriot account, in the same list as their salary and direct debits. No app to download, no account to open.
Cypriot banks
Bank of Cyprus, Hellenic Bank, Alpha Bank Cyprus and any Cypriot bank with an IBAN.
Timing
From a funded euro balance, a SEPA credit to Cyprus typically arrives within minutes.
Grey to Grey
If they hold a Grey account, GreyTag transfers are free and instant in any currency.
Putting money into Grey from Ireland
The euro balance is the engine of this corridor. Many readers already keep a Revolut account for travel; Grey is the account you use when the money has to land in a named Cypriot bank.
SEPA transfer
From AIB, Bank of Ireland, Permanent TSB, An Post Money or a credit union account.
Foreign income
Dollars into your USD account, provided by Lead Bank, then converted once into euro.
Existing balance
Euro already held on Grey can be sent to Cyprus the same minute.
Once the Cypriot IBAN is saved, the next payment to Paphos or Limassol takes an amount and a tap.
What Irish senders use this corridor for
Holiday and retirement homes
Communal charges, electricity and immovable property costs on a place in Paphos or Larnaca.
Students
Rent and living costs for a son or daughter studying in Nicosia, or for a Cypriot student in Dublin.
Professional services
Irish firms settling invoices with fund administration, legal and shipping providers in Limassol.
Family support
Cypriots living in Ireland sending regular help to parents in Nicosia or Famagusta district.
Four uses cover most of it, and none of them is high volume. This corridor is about getting a precise euro figure to a specific Cypriot account.
Reasons to use Grey for Cyprus
FAQs
Can I send to Cyprus if I hold no Irish bank account?
You need a way to fund the Grey euro balance, which can be a SEPA transfer from any euro account, not only an Irish one.
Which Cypriot banks does Grey pay into from Ireland?
Bank of Cyprus, Hellenic Bank, Alpha Bank Cyprus and any other Cypriot bank with an IBAN. The recipient keeps the account they already have.
Is my money converted on the way from Ireland to Cyprus?
No. Both countries use the euro, so the amount you confirm in Dublin is the amount credited to the Cypriot account.
How quickly does euro reach a Bank of Cyprus account?
SEPA credits from a funded Grey euro balance typically arrive within minutes, and you can track the payment from confirmation to settlement.
Can I pay communal charges on a property in Paphos?
Yes. Send the exact euro figure to the management company's Cypriot IBAN. No conversion applies, so the amount matches the invoice.
Do I need more than the Cypriot IBAN to send?
The IBAN and the recipient's name are enough. Grey shows the fee on the same screen before you confirm the transfer.
Does my recipient in Nicosia need a Grey account?
No. The euro lands in their existing Cypriot bank account as an ordinary credit. Grey accounts only matter for free instant GreyTag transfers.
Can an Irish company pay a Limassol supplier through Grey?
Yes. Enter the supplier's Cypriot IBAN and send euro from your balance, with the fee shown before you confirm the payment.
What if I am sending from a dollar balance on Grey?
Dollars convert once into euro before leaving, at the rate fixed on confirmation. The Cypriot bank receives euro with nothing further applied.
Is this cheaper than sending to Cyprus from my Irish bank?
Grey shows the fee before you confirm rather than in a published tariff, so you can compare the two figures yourself before sending.
Can I send rent to a student living in Cyprus?
Yes. Save the landlord's Cypriot IBAN once, then each month's rent takes an amount and a confirmation from your euro balance.
Get digital banking
at your fingertips
