Send money from Ireland to Thailand
Thailand is a local payout corridor. Grey converts your euro to Thai baht and pays the baht into the recipient's own bank account in Thailand, as an ordinary credit they do not have to claim. You see the rate and the fee together before anything is confirmed.
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Baht into a Thai bank account, not a workaround
The money that leaves Ireland for Thailand comes from two quite separate groups. One is Irish people who are there for a long stretch: a winter in Chiang Mai, a teaching contract, a diving season, a retirement that started as a holiday and did not end. The other is the small Thai community here, a few thousand people across Dublin, Cork and the towns in between, most of whom send something home to a household that is counting on it.
Both get the same mechanism. Euro on your Grey balance converts to Thai baht once, at a rate fixed when you confirm, and the baht is paid into a bank account in Thailand in the recipient's own name. There is no collection point, no code to read out over the phone, and no requirement for the person in Thailand to hold a Grey account.
If they do happen to use Grey, a GreyTag transfer between the two of you is free and instant. That is a shortcut for people who both have the app, not the route itself. The route is baht into a Thai bank.
Three steps to baht in Thailand
Sign up
A Grey account is free and takes about five minutes to open with a valid identity document, a passport or an Irish driving licence.
Fund
Top up in euro by SEPA transfer from AIB, Bank of Ireland, Permanent TSB, An Post Money or a credit union. The euro waits on Grey until you are ready to convert.
Send
Enter the Thai bank account details, check the euro to baht rate and the fee on the confirmation screen, and send. The baht is paid into that account.
Where the cost sits on a euro to baht transfer
The expensive habit on this route is carrying euro or drawing cash out of a Thai machine on an Irish card and letting the conversion happen wherever it happens. Each withdrawal is priced on its own, usually at a rate nobody showed you first, and a long stay turns that into dozens of small charges nobody adds up.
Sending baht into a Thai account instead moves the conversion to a point where you can see it. One rate, one fee, shown before you agree to either, and a record of each transfer in the app for anyone who has to account for what they spent while they were out there.
The baht figure is fixed when you confirm
Grey fixes the euro to baht rate at confirmation. The baht amount shown on the confirmation screen is the baht amount paid into the Thai account, whatever the pair does in between.
For a monthly amount to a family in Thailand, that is the difference between a household knowing what is coming and a household waiting to see. For a long stay, it lets you set a budget in baht and keep it.
Grey against an Irish bank's euro to baht transfer
An Irish bank will send money to Thailand, but it treats baht as an occasional currency: the conversion is priced inside the rate, the fee structure assumes you are doing this once, and correspondent charges can reduce what reaches the account. Grey quotes euro to baht as its own line, fixes it at confirmation and pays the baht locally, which is the point of a local payout corridor.
What the recipient in Thailand sees
Thai baht credited to their own bank account in Thailand, in their own banking app, the way a domestic Thai payment would appear.
A local bank credit in baht
The money is paid into a Thai bank account in the recipient's name. No branch visit, no agent office, no reference code to produce.
No Grey account needed
A parent, a spouse or a landlord in Thailand receives the baht without registering with Grey or downloading anything.
GreyTag between Grey users
If the person in Thailand is on Grey as well, GreyTag transfers between you are free and instant, in any currency.
How Irish senders keep the account funded
Most people on this corridor settle into one of three habits, depending on whether they are the one in Thailand or the one at home.
Monthly top-up
One SEPA transfer a month in euro, converted to baht on the day the family payment is due.
A season funded in advance
Long stays are easier funded before departure, so the balance is already there when the Thai rent falls due.
Leftover balance
Baht or euro left from the previous transfer stays on the account and goes towards the next one.
The Thai account details are saved after the first transfer, so a repeat payment does not mean digging out the paperwork again.
What this corridor is used for
Family support home to Thailand
A regular amount from a wage earned in Ireland to a household in Bangkok, Isaan or the northeast, arriving as baht in a local account.
Long stays and retirement
Rent, bills and living costs for Irish people spending months at a time in Chiang Mai, Bangkok or the islands, funded from euro income at home.
Your own account in Thailand
Moving your own money into the Thai bank account you opened once you settled, in baht, rather than drawing it out in cash a hundred euro at a time.
Thai suppliers and craftspeople
Small Irish importers and online sellers paying workshops, growers and manufacturers in Thailand in their own currency.
The four uses below cover most euro to baht traffic out of Ireland, and they split neatly between people sending home and people living there.
Five things worth knowing before you send baht
A long stay in Thailand is not a holiday budget. It is rent, a lease on a motorbike, a health insurance renewal and a weekly shop, all quoted in baht while the income behind them is in euro.
Euro funded from your Irish bank, baht paid into a Thai bank account. Rate and fee shown first, the rate fixed at confirmation, nothing deducted on arrival.
FAQs
Does Grey pay out in Thai baht or only between Grey users?
Thailand is a local payout corridor. Grey converts euro to baht and credits the recipient's own Thai bank account, whether or not they use Grey.
Does my family in Thailand need a Grey account to receive baht?
No. The baht arrives in their existing Thai bank account as a normal credit, with nothing to claim, collect or install.
Can I send money to my own Thai bank account from Ireland?
Yes. People on long stays commonly fund a euro balance at home and move baht into the Thai account they opened after arriving.
How many conversions happen between euro and baht?
One. Euro converts to Thai baht on the Grey side, and the Thai bank is not asked to convert anything when the money lands.
Is the euro to baht rate fixed before I send?
Yes. The rate and the fee both appear before confirmation, and the rate is fixed at that point for that transfer.
Is this cheaper than drawing cash out in Thailand on an Irish card?
It moves the conversion somewhere you can see it. Each cash withdrawal is priced separately, usually at a rate shown to you afterwards.
Can an Irish business pay a Thai supplier in baht?
Yes. Importers and online sellers use the same corridor to pay workshops, growers and manufacturers in Thailand in their own currency.
What if the person in Thailand also uses Grey?
Then GreyTag between you is free and instant. That is a shortcut for two Grey users, not a replacement for the baht payout.
How do I fund the euro side from Ireland?
By SEPA transfer from AIB, Bank of Ireland, Permanent TSB, An Post Money or a credit union into your Grey euro balance.
Is Grey a bank if it credits a Thai bank account?
No. Grey is an authorised financial services provider working with regulated partners in the EU, and it pays out through local banking rails.
Can I set this up before I travel to Thailand?
Yes. Open the account in Ireland, fund it in euro and save the Thai account details before you go, then send when needed.
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