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Egyptian pounds where they are needed
Egypt from Switzerland is mostly property and family. Developers want instalments on a schedule, contractors want pounds, and parents in Alexandria or Mansoura are running a household in pounds whatever the franc happens to be doing that month.
Grey converts your balance into EGP and pays it into Commercial International Bank, Banque Misr or the National Bank of Egypt, or into a Vodafone Cash or Fawry wallet if that suits the person receiving it better. Either way the payout is local money.
Three steps from Zurich to Egypt
Sign up
Opening the account costs nothing and needs a passport or Swiss residence permit. It takes about five minutes and no Swiss banking relationship.
Fund
Move euros in by SEPA transfer from UBS, PostFinance, Raiffeisen or a cantonal bank. Grey does not hold francs, so the euro balance does the work.
Send
Give the Egyptian account number, or the mobile number registered to the wallet, check the pound figure and send.
What a payment to Egypt really costs
Grey quotes the conversion into EGP and the fee separately before you approve the payment, so the pound figure you promised is the pound figure that leaves Switzerland.
For a family transfer the same logic runs the other way round. The household budget in Alexandria is fixed in pounds, and knowing that number in advance is worth more than any headline about zero fees.
Your pound figure is fixed at confirmation
When you confirm in Zurich, the EGP total stops moving. Whatever happens to the pound between that moment and the credit in Cairo is carried by Grey.
That is what makes a payment schedule workable. You can tell a developer, or a parent, the exact amount that will arrive before it has left Switzerland.
Grey against a Swiss bank transfer to Egypt
A SWIFT payment from a Swiss bank usually leaves in euros and is converted in Egypt at a rate you learn about afterwards, with a correspondent deduction somewhere in between. Grey converts before the money moves, shows you the rate, and credits the Egyptian account or wallet directly.
What arrives in Egypt
Egyptian pounds as an ordinary local credit. Your recipient needs no Grey account, no Swiss account and no trip to a collection agent.
Bank payout
Commercial International Bank, Banque Misr and the National Bank of Egypt, addressed by account number.
Wallet payout
Vodafone Cash and Fawry, using the registered mobile number, for recipients who do not use a bank much.
GreyTag
Free and within seconds if the person in Egypt also holds a Grey account.
Ways to get money in
One funded balance covers every Egyptian payment you make. Euros by SEPA is the Swiss route, since francs are not held on Grey.
SEPA in euros
From any Swiss bank with a euro account, including PostFinance and the cantonal banks.
Existing balances
Euros or dollars already on Grey convert to EGP without a new deposit.
On a schedule
Set the top up to match the instalment dates rather than the other way round.
Anyone on a developer's payment plan learns quickly that the balance should be there before the date, not on it.
What Switzerland sends to Egypt for
Property instalments
Staged payments to developers in New Cairo, Sheikh Zayed and along the North Coast, in pounds, on dates that do not move.
Building and renovation
Contractors, electricians and finishing work on a flat in Alexandria or a family house in the Delta.
Household support
The monthly amount for parents in Alexandria, Mansoura or Cairo, and the medical bills that arrive without warning.
Fees and family occasions
University fees, a wedding, or a share of a family cost that has to be settled in Egyptian pounds.
Two things dominate here: property and family. The English speaking sender is often an Egyptian engineer, doctor or banker in Zurich, Basel or Zug with obligations in Cairo that did not end when they moved.
Why Egypt on Grey
Property in Egypt is bought on a calendar, and the calendar does not care about exchange rates. Knowing the pound amount before you send is what turns a plan into something you can hold to for three or four years.
Rate and fee visible in Zurich, pounds settled in Egypt to a bank account or a wallet, and a record you can point at later.
FAQs
Which currency does my family in Egypt receive?
Egyptian pounds. Grey converts your balance in Switzerland first, so the credit in Cairo or Alexandria arrives as local money.
Where can a developer's instalment be paid in Egypt?
Into Commercial International Bank, Banque Misr or the National Bank of Egypt, and into Vodafone Cash or Fawry when a wallet is easier.
Can I pay a mobile wallet in Egypt?
Yes. Vodafone Cash and Fawry are supported, using the mobile number registered to the wallet rather than a bank account.
Can I pay a property instalment in pounds?
Yes. The EGP figure is fixed at confirmation, so a developer in New Cairo receives the exact amount the schedule names.
How do I fund from Zurich?
By SEPA transfer in euros from UBS, PostFinance, Raiffeisen or a cantonal bank, because Grey holds no Swiss franc balance.
Can I send from a dollar salary?
Yes. Dollars sit in an account provided by Lead Bank and convert into Egyptian pounds in a single step.
When does the rate stop moving?
When you confirm. Whatever the pound does between that moment and the credit in Egypt is carried by Grey.
Does my mother need a Grey account?
No. The pounds arrive in the bank account or wallet she already uses, as an ordinary local credit.
Are the fee and the rate both shown?
Yes, separately and before you approve the payment, so the pound amount that will arrive is known in advance.
Will a Swiss residence permit work as identification?
Yes. A passport or a Swiss residence permit satisfies verification, which takes around five minutes and costs nothing before your first instalment to Egypt.
Can I send to Egypt every month on the same terms?
Yes. Recurring household payments use the same account and the same quoted pricing, with the rate shown afresh each time.
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