Send money to Luxembourg from Ireland
Euro from an Irish balance reaches a Luxembourg IBAN as euro, through SEPA, typically within minutes from a funded balance. BGL BNP Paribas, ING Luxembourg and Banque et Caisse d'Epargne de l'Etat all receive, the fee is on screen before you confirm, and nothing is converted when the money lands.
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The Dublin to Luxembourg axis
Ireland and Luxembourg are the two main fund domiciles in the European Union, which makes this a corridor between colleagues rather than between strangers. Fund administration, depositary services, transfer agency and compliance work sit in both places, frequently inside the same group, and people move between them on secondment, on a two-year contract, or permanently.
That produces a particular kind of payment. Somebody on an Irish payroll paying rent and a deposit in Luxembourg City before the job starts. An Irish parent covering a graduate's first months there. A professional who moved to Luxembourg still settling something in Dublin, or sending money back to a Luxembourg account from an Irish contract. Small firms in the IFSC paying a Luxembourg supplier or a law firm in Kirchberg.
Luxembourg uses the euro, so the money does not change currency. What leaves Dublin arrives in Luxembourg as the same figure.
Paying a Luxembourg account from Ireland
Open an account
A free Grey account opens in about five minutes with a valid identity document, typically a passport or an EU national identity card.
Add euro
Transfer euro to your Grey balance by SEPA from AIB, Bank of Ireland, Permanent TSB or Revolut, whichever your Irish salary is paid into.
Send to the LU IBAN
Enter the Luxembourg IBAN and the account name, review the fee, and confirm. The euro travels by SEPA to BGL BNP Paribas, ING Luxembourg or Spuerkeess.
What paying Luxembourg costs
Anyone working in funds will recognise how unusual that is. Most cross-border payments have a currency leg to argue about. This one does not, which reduces the question to the fee and the timing.
A conversion only occurs if you are funding from sterling or from a USD balance provided by Lead Bank. That happens once, in Ireland, at a rate shown before you confirm, and the euro reaching Luxembourg is not touched again.
Rates, and why this corridor rarely sees one
Euro to euro involves no conversion, so no rate is applied and the confirmation screen shows only the fee and the amount landing.
Where a rate is involved, because the money began as dollars or sterling, it is fixed at the moment you confirm. For a deposit on a flat in Limpertsberg or an invoice with a number on it, that means the exact euro figure goes across.
Grey against a bank transfer from Ireland
A euro payment from an Irish bank to a Luxembourg IBAN is a SEPA transfer and your bank will do it. The case for Grey is narrower and more honest than usual: it is for people whose income arrives in more than one currency, who are paying into two or three countries at once during a move, or who want each payment costed in one place. Revolut is very common in Ireland, so the sensible comparison is the fee on the day and how much else the account covers.
What the Luxembourg account shows
A euro credit on a Luxembourg IBAN, the same as any domestic virement. Whoever receives it needs no Grey account and does nothing on arrival.
The banks used there
BGL BNP Paribas, ING Luxembourg and Banque et Caisse d'Epargne de l'Etat all receive by SEPA. Enter the LU IBAN and the euro typically arrives within minutes.
No conversion on arrival
Luxembourg is in the eurozone, so the receiving bank applies no exchange and the credited figure matches what you sent.
Grey to Grey
A colleague who moved from the IFSC to Kirchberg and kept their Grey account can be paid by GreyTag, free and instant.
Timing the euro
Relocation payments and professional invoices both come with dates attached, so the balance is worth funding ahead of them.
Before the move
A deposit and first month's rent are usually wanted before a start date. Euro on the balance means you pay the agent the day they ask.
Against invoices
If you are settling Luxembourg suppliers on terms, top up when the invoice arrives rather than on the day it falls due.
Keep the IBAN
Save the landlord, the agent and the firm separately. Luxembourg IBANs are short but the names on them matter.
Transfers are encrypted and trackable from confirmation to settlement, which is what you want when a letting agent is holding a flat on the strength of a payment.
Why money moves from Ireland to Luxembourg
Relocation and rent
A deposit, an agency fee and the first months of rent in Luxembourg City, paid from an Irish account while the notice period runs out in Dublin.
Fund and professional services
Irish firms paying Luxembourg counsel, administrators, auditors or a management company. Euro invoices settled to a Luxembourg IBAN.
Family support
Parents in Ireland helping a graduate through the expensive first year of a Luxembourg posting, or a student at the university in Belval.
Two countries at once
People who kept commitments on both sides, a Dublin mortgage and a Luxembourg lease, and move euro between them as the months require.
The reasons are mostly professional, which is unusual for a corridor and worth taking at face value.
What Grey brings to this corridor
FAQs
Is euro converted when it arrives in a Luxembourg account?
No. Luxembourg is in the eurozone, so the amount leaving your Irish balance is the amount credited in Luxembourg.
Which Luxembourg banks receive payments from Ireland?
BGL BNP Paribas, ING Luxembourg and Banque et Caisse d'Epargne de l'Etat all receive euro through SEPA.
Can I pay a deposit and rent in Luxembourg before I move from Dublin?
Yes. Send euro to the agent's or landlord's LU IBAN from Ireland, and the exact amount agreed is credited.
How quickly does a transfer from Ireland to Luxembourg arrive?
From a funded euro balance the SEPA credit typically reaches the Luxembourg account within minutes of confirmation.
Can an Irish firm settle a Luxembourg invoice through Grey?
Yes. Euro goes to the supplier's or law firm's LU IBAN, with the fee shown before the payment is confirmed.
What does a payment from Ireland to Luxembourg cost?
The fee alone. No exchange rate applies, since euro is not converted between an Irish balance and a Luxembourg account.
Does the recipient in Luxembourg need a Grey account?
No. They receive an ordinary euro credit that appears like any domestic virement on their statement.
Can I send to Luxembourg if I am paid partly in dollars?
Yes. USD provided by Lead Bank converts into euro once, at a rate fixed at confirmation, before the transfer leaves Ireland.
How do I fund the euro balance in Ireland?
By SEPA transfer from your Irish bank, such as AIB, Bank of Ireland, Permanent TSB or Revolut.
Can I pay a colleague who moved from the IFSC to Kirchberg?
Yes, by LU IBAN, or free and instantly by GreyTag if they kept their own Grey account after moving.
Can I track a payment to a Luxembourg letting agent?
Yes. Transfers are encrypted and trackable from your confirmation in Dublin to settlement in the Luxembourg account.
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