Grey Business fees fall under a few clear categories: sending and receiving payments, currency conversion, and expense cards. Below is a breakdown of each, so you know exactly what your company pays before you transact - no hidden charges.
What does Grey Business cost?
There's no charge to open or set up a Grey Business account. You only pay for what you actually use: sending and receiving payments, currency conversion, and expense cards. No account issuance fees, no setup costs, no monthly charges just for having the account.
Payment and conversion fees
Receiving Payments
This section covers what you're charged when you receive payments into your USD and USDC wallets, along with the maximum amount allowed per deposit. For more details, see deposit fees and limits
USD
Channel | Fee | Per transaction (Min) | Per transaction (Max) |
Virtual account - ACH | Flat $2 | No limits | No limits |
Virtual account - FedNow | Flat $2 | No limits | No limits |
Virtual account - Fedwire | Flat $15 | No limits | No limits |
USDC
Channel | Fee | Per transaction (Min) | Per transaction (Max) |
Wallet address - other chains/tokens | 0.8% with a minimum of $2, and capped at $10 | No limits | No limits |
Wallet address - BEP 20 | Free | No limits | No limits |
Wallet address - Solana | Free | No limits | No limits |
Sending Payments
This section covers what you're charged when you withdraw funds from your Grey Business account, which currencies you can withdraw in, and the maximum amount allowed per transaction. For more details, see withdrawal fees and limits
Currency | Channel | Fees | Per transaction (Min) | Per transaction (Max) |
BRL 🇧🇷 | Bank Account | $1 | R$10 | R$100,000 |
BRL 🇧🇷 | Pix | $1 | R$110 | R$100,000 |
EUR 🇪🇺 | Bank Account (SEPA/ SEPA INSTANT) | 0.5% min 2 EUR | 20EUR | 100,000 EUR |
GHS 🇬🇭 | Mobile Money | $1 | GHS 5 | GHS 30,000 |
GHS 🇬🇭 | Bank Account | $1.2 | GHS 50 | GHS 50,000 |
KES 🇰🇪 | Mobile Money | $0.5 | 300 KES | 100,000 KES |
KES 🇰🇪 | Bank Account | $0.65 | 300 KES | 150,000 KES |
MXN 🇲🇽 | Bank Account | $0.6 | MX$10 | MX$180,000 |
NGN 🇳🇬 | Bank Account (NIBSS) | N50 | N100 | N10,000,000 |
PHP 🇵🇭 | Mobile Money | $0.85 | ₱20 | ₱175,101 |
PHP 🇵🇭 | Bank Account | $0.85 | ₱1.0 | ₱175,101 |
GBP 🇬🇧 | Bank Account (FPS, CHAPS and BACS) | 0.5% min 2 GBP | 20 GBP | 100,000 GBP |
ZAR 🇿🇦 | Bank Account | $1.8 | ZAR 110 | ZAR 170,000 |
IDR 🇮🇩 | Mobile Money | $0.45 | IDR 110.0 | IDR 48,585,000 |
IDR 🇮🇩 | Bank Account | $0.45 | IDR 10,000 | IDR 48,585,000 |
TZS 🇹🇿 | Mobile Money | $1 | TZS 2,500 | TZS 10,000,000 |
TZS 🇹🇿 | Bank Account | $1 | TZS 1,000 | TZS 1,000,000 |
UGX 🇺🇬 | Mobile Money | $1 | UGX 8,000 | UGX 3,000,000 |
USD Coin | Crypto - BEP20 | $0.25% + NETWORK FEE | $1 | $100,000 |
USD Coin | Crypto - SPL(Solana) | $0.25% + NETWORK FEE | $1 | $100,000 |
USD, EUR, GBP, NGN, TZS, KES | P2P | Only applies to currency exchange | $1 | $100,000 |
USD 🇺🇸 | Bank account - ACH | Flat $2 | $10 | $100,000 |
INR 🇮🇳 | UPI | $1 | 110 INR | 100,000 INR |
INR 🇮🇳 | Bank account | $1 | 110 INR | 1,000,000 INR |
MAD 🇲🇦 | Bank account | $3 | 100 MAD | 90,000 MAD |
EGP 🇪🇬 | Mobile Money | $1.7 | 200 EGP | 30,000 EGP |
EGP 🇪🇬 | Bank account | $1.7 | 200 EGP | 200,000 EGP |
XOF 🇨🇮 | Mobile Money | $1.8 | 1,000 XOF | 500,000 XOF |
XOF 🇨🇮 | Bank account | $2 | 5,000 XOF | 1,000,000 XOF |
XOF 🇸🇳 | Mobile Money | $3 | 1,000 XOF | 500,000 XOF |
XOF 🇸🇳 | Bank account | $2 | 5,000 XOF | 1,000,000 XOF |
Conversion Fees
Conversion fees are structured based on the group each currency pair falls into. Each group reflects the type of currencies involved and how the conversion is processed.
Below, we’ve outlined all supported currency pairs and their corresponding fee groups, so you can easily see which applies to your transaction.
Currency | Channel | Fee | Per transaction (Min) | Per transaction (Max) | Daily | Monthly |
Fiat | Swap | 0.5% | $1 | $100,000 | No limits | No limits |
USD/Stable coins | Swap | Free | $1 | $100,000 | No limits | No limits |
Other Fiat/Stable coin | Swap | 0.5% min of $0.3 | $1 | $100,000 | No limits | No limits |
Expense card fees
There's typically a one-time card issuance fee. Beyond that, using the card in its base currency, USD, carries no extra charge. A cross-border fee applies when a purchase is processed in a currency other than USD.
Virtual Card Creation Fee | Virtual Card Creation Limit |
$5 per card | 10 active cards per member |
Frequently asked questions
Does Grey Business charge a monthly fee?
No. Grey Business has no monthly account fee. You only pay for the services you use, such as sending, receiving, converting, or issuing cards.
How much does currency conversion cost on Grey Business?
Conversion fees depend on the currency pair. Most pairs fall into a standard 1% fee, though some pairs are cheaper at 0.5% or free, and a few carry a capped fee. The exact rate for your conversion will show before you confirm the transaction.
Do expense cards cost anything to create or use?
Yes. There's a one-time card issuance fee. Beyond that, using the card in its base currency (USD) carries no extra charge, but a cross-border fee applies when a purchase is processed in a currency different from the card's currency (USD).
Are there hidden charges on Grey Business?
No. Grey Business is transparent, and every fee is shown to you before you confirm a transaction, with no undisclosed charges added afterward.
How many virtual expense cards can I create?
You can create up to 10 active virtual cards per member, with a one-time creation fee of $5 per card.