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Getting UYU to Uruguay from Switzerland
Seen from Zurich. Spain and Italy have deep ties with Uruguay, and European firms pay Montevideo developers. Most banks in Switzerland either won't quote UYU or route it through a second currency, adding a spread nobody discloses.
Grey quotes EUR to UYU directly for senders in Zurich and Geneva. The UYU lands at Banco República, Santander Uruguay, Itaú Uruguay, Scotiabank Uruguay or any Uruguayan bank as a domestic deposit. Nothing to install on the receiving side.
How sending to Uruguay works
Sign up
Grey asks for a passport or residence permit and nothing else to open. Add Montevideo as a destination straight after. Grey works with regulated partners in Europe.
Fund
Any EUR top-up works: SEPA transfer in euros from a Swiss bank. Regular senders to Montevideo usually keep a small balance ready.
Send
Uruguay takes a bank name and account number, plus the recipient's cédula for some banks. Confirm the UYU figure and send from Zurich.
What the fee doesn't tell you
Grey does one conversion, EUR to UYU, and shows it. What lands at Banco República, Santander Uruguay, Itaú Uruguay, Scotiabank Uruguay is what was on screen in Zurich.
The UYU figure doesn't move
Whatever the market does after you tap send in Zurich, the UYU amount arriving at BROU is fixed.
For a bill with a due date in Montevideo, this removes the guesswork.
The old way to Montevideo, and why it costs more
Ask a bank in Zurich to send Uruguayan pesos and you'll often be told to send dollars instead. 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.
How it lands in Montevideo
UYU into any bank account in Uruguay. BROU and Banco República, Santander Uruguay, Itaú Uruguay, Scotiabank Uruguay are all supported, and the credit looks domestic. The sender in Zurich sees the same settlement confirmation in the app.
Bank delivery
UYU to BROU and any other bank in Uruguay.
Repeat recipients
Store a recipient once. Every future payment is three taps.
GreyTag
Both on Grey? GreyTag delivers instantly with no fee.
Getting money onto Grey in Switzerland
Funding from Geneva for a transfer to Montevideo works like this. Swiss senders fund in euros by SEPA from UBS, PostFinance or Raiffeisen. Grey doesn't hold a franc balance, so the euro account is the working balance. Convert to UYU when a payment to BROU is due, not before.
Standard route
SEPA transfer in euros from a Swiss bank into Grey.
Faster if you earn abroad
A USD balance skips the EUR conversion.
Convert late
Hold euros until the Montevideo due date, then fix the UYU amount.
Sending to BROU for the first time? Check the account details twice. After that, Grey remembers them.
The people behind Switzerland to Uruguay transfers
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.
Family
Support for relatives in Montevideo, Punta del Este and Salto.
The senders on this corridor are easy to describe. Geneva and Zurich host international organisations, NGOs and banks whose staff send worldwide. Spain and Italy have deep ties with Uruguay, and European firms pay Montevideo developers.
Why senders in Zurich switch
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