Send Money from Thailand to Estonia
Estonia is paid in euro from US dollars already sitting in a Grey account. Remote workers and freelancers in Thailand who bill clients overseas, expatriate staff on foreign payroll and Thailand-based companies paying Estonian contractors all send along this route. The euro reaches Swedbank Estonia, SEB Estonia, LHV Bank or any other Estonian bank over SEPA, and the IBAN is the only payout detail you ever need to ask for.
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A dollar balance in Thailand, euro on an Estonian IBAN
Everyone sending on this route is paid in US dollars while living in Thailand. That includes the African graduates and professionals who make up much of Grey’s base in Bangkok, Chiang Mai and Phuket, the freelance developers and designers billing agencies in Europe and North America, and staff whose employer sits abroad and pays in dollars. Estonia is where the money goes, not where it comes from.
The payout runs on SEPA, the euro area’s own payment network. Grey converts your dollars into euro at the rate you approve, then sends the euro to the IBAN you entered, so the credit arrives on the same rails an Estonian salary or utility payment uses. Swedbank Estonia, SEB Estonia and LHV Bank all take it, as does any Estonian bank with an IBAN.
Collecting details is simple because the IBAN covers everything. There is no branch code to chase, no intermediary bank to name and no separate routing number, and the same single identifier works whether the account belongs to a person or to an Estonian company.
How to send money to Estonia from Thailand
Sign up
Sign up in the Grey app and complete identity checks with a passport or another accepted photo document. Grey Inc is registered with FinCEN, registered address 651 N Broad St, Suite 206, Middletown, DE 19709, United States.
Fund
Your balance is funded in US dollars. The Grey USD account comes from Lead Bank with US routing and account numbers attached, so clients and employers abroad can pay you into it, and you can also wire dollars across from a dollar account at another bank. The euro sent to Estonia is bought from that balance.
Send
Pick Estonia, paste the recipient’s IBAN and check the euro amount against the rate and the fee shown alongside it. Confirm, and the euro figure is settled from that point on.
What it costs to send euro to Estonia
Dollar to euro transfers carry their charge in two places. One is the stated fee. The other is the exchange rate, and a service quoting a rate a little away from the market can collect more there than it ever shows as a fee.
The euro total is the honest comparison. Run the same dollar amount through two providers, look only at what the Estonian IBAN would be credited with, and you have already accounted for both parts of the charge without doing any arithmetic.
Frequency changes the stakes. A single payment to Tallinn can tolerate a poor rate, but a contractor paid monthly or a tuition instalment paid each term turns a small gap into a running cost.
Grey keeps the two components apart so neither can hide behind the other. You can see what the fee is, see what the rate is, and judge the transfer on both before anything moves.
Rates on a dollar to euro transfer to Estonia
One conversion happens on this route, from US dollars into euro, and the rate for it is fixed when you confirm rather than when the payment settles. Whatever the dollar does against the euro afterwards, the amount credited to the Estonian IBAN is the amount you agreed to.
Because the euro is the currency Estonia uses, nothing further happens at the other end. The recipient’s bank does not convert anything on arrival and cannot apply a rate of its own, so the figure on your confirmation screen is the figure that appears on their statement.
The rate sits next to the fee before you confirm, not buried inside the total. That makes it possible to compare it against the live market rate and decide for yourself whether the transfer is worth sending now.
Grey compared with an ordinary bank wire to Estonia
A conventional wire to Estonia is handed between correspondent banks, each of which may charge for the privilege and each of which observes its own cut-off times. The recipient ends up with an international payment to identify and a total that nobody quoted in advance.
Grey converts once and pays the euro over SEPA to the IBAN. The recipient sees a euro credit with a reference on it in their own banking app, and you saw the amount before you authorised it rather than after it landed.
What your recipient in Estonia sees
Euro arrives on the IBAN as a standard SEPA credit. No Grey account is needed at their end, and nothing has to be converted, claimed or collected.
Which accounts receive it
Swedbank Estonia, SEB Estonia and LHV Bank all take the credit, as does any other Estonian bank with an IBAN. Personal and business accounts are both supported.
How quickly it arrives
Once your dollar balance is funded, the euro usually appears on the Estonian account a few minutes after you confirm, and the transfer stays visible in the app throughout.
GreyTag
If your recipient also uses Grey, a GreyTag transfer goes through immediately at no cost, in whichever currency the two of you prefer.
Funding a transfer to Estonia
Euro is bought with dollars that are already in Grey, which makes funding the step everything else waits on. Get it in place and the payment to Estonia is a matter of minutes.
Invoice and salary payments
Hand over the Grey USD account details once and later payments arrive by themselves, keeping a balance in place for whenever Estonia needs paying.
Dollar wire from elsewhere
Use the routing and account numbers in the app to bring dollars across from another bank holding a dollar account in your name.
Existing dollars in Grey
Dollars you already hold convert at once, with no clearing period between deciding to send and the euro leaving for the IBAN.
Most people on this route keep a standing dollar balance rather than funding payment by payment. Estonian invoices and rent fall due on fixed dates, client payments do not, and a balance held in advance removes the gap between the two.
Who sends money from Thailand to Estonia
Freelancers and remote workers
Developers, designers and consultants living in Thailand who bill European and American clients in dollars and settle their own obligations in Estonia from that income.
Businesses paying Estonian contractors
Companies and agencies in Thailand paying developers, studios and suppliers in Estonia, usually straight to a business IBAN on an agreed day each month.
Expatriate professionals
Residents of Thailand employed by a company abroad and paid in US dollars, sending part of that salary on to an Estonian account.
People with ties to Estonia
Anyone in Thailand covering study costs, rent or family expenses in Estonia out of dollars they already hold in Grey.
The senders here all earn US dollars from outside Thailand. Freelancers and remote workers are the largest group, followed by businesses paying Estonian contractors, expatriate staff on foreign payroll and people with personal ties to Estonia.
The best way to send money from Thailand to Estonia
A global money app you can actually trust
Help is available inside the app rather than through a separate channel, so a query about a euro payment starts from the payment itself. Transfers stay in your history with the rate, the fee and the euro amount attached, which is what most people need when reconciling an invoice later.
FAQs
How much does it cost to send money from Thailand to Estonia?
The rate and the fee are both shown before you confirm. Comparing the euro total between providers tells you which transfer costs less.
How fast does the euro reach an Estonian account?
With dollars already in your balance, the euro usually shows on the Estonian account a few minutes after confirmation. The app reports progress meanwhile.
What do I need from my recipient in Estonia?
Only their IBAN. There is no branch code or intermediary bank to collect, and the same detail works for personal and business accounts.
Which Estonian banks can receive the payment?
Swedbank Estonia, SEB Estonia and LHV Bank all accept the credit over SEPA, and so does any other Estonian bank holding an IBAN.
Is there a cap on what I can send?
Sending limits are tied to the verification level on your account and appear in the app before you confirm a transfer.
Can I track the transfer?
Yes. Each payment has a live status from the moment you confirm until the euro is credited to the Estonian IBAN you entered.
Is it safe to send money to Estonia through Grey?
Accounts are verified at sign up, balances use bank-grade encryption, and Grey operates as a money services business registered in the United States.
How do I fund a transfer to Estonia?
In US dollars only: client or employer payments into your Lead Bank USD account, a dollar wire from another bank, or an existing Grey balance.
Does my recipient need to use Grey?
No. An Estonian IBAN is all that is required. If they do use Grey, GreyTag transfers between you are instant and free.
Will I have a record for my accounts?
Every transfer is kept in your history with its rate, fee and euro amount, which usually satisfies bookkeeping and client reimbursement requirements.
What if I type the IBAN incorrectly?
Check it against what your recipient sent before confirming. If a payment has gone to the wrong IBAN, contact support in the app immediately.
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