Grey.co Foreign Bank Account Provider

Are high bank fees eating into your international payments? A Grey.co foreign bank account makes it easy to receive money from clients worldwide at lower costs and with no registration fees. With Grey.co, freelancers, remote workers, and businesses can send and receive payments seamlessly without hidden charges.

This guide explains how to set up your Grey.co foreign bank account, manage global transactions, and take advantage of Grey.co’s key features to simplify international banking. Let’s get started!

What Is a Grey.co Foreign Bank Account?

If you often work with international clients, a Grey.co foreign bank account can make getting paid a lot easier. Formerly known as Aboki Africa, Grey.co is a fintech platform co-founded by Idorenyin Obong and Femi Aghedo, built to help Africans receive money in foreign currencies without the usual hassle.

With your Grey.co foreign bank account, you’ll get an international account number that lets you receive and send payments across borders seamlessly. You can also convert your foreign earnings to your local currency at competitive rates — all from one simple, secure dashboard. It’s fast, convenient, and made for freelancers, remote workers, and entrepreneurs like you.

Features Of a Grey.co Foreign Bank Account

If you open a grey.co foreign bank account, you’ll unlock a suite of robust features designed for global payments and smooth cross-border banking. Here’s what you’ll get:

• Fully digital signup with no account-opening or maintenance fees — you can get started in minutes.
• A real international bank account number (IBAN or similar) in USD, EUR, or GBP so you can receive payments just like a local in those currencies. 
• Instant currency conversion and withdrawal: you can receive funds in a foreign currency and convert them to your local currency when you’re ready, at competitive rates and with transparency. 
• Really fast and low-cost global transfers: you can send USD to over 170 countries directly from your account. 
• Virtual debit-card support for online shopping, subscriptions, and spending globally. 
• Multi-currency balances and growing currency support (USD, EUR, GBP, NGN + others) so you can manage funds across regions. 
• Real-time transaction notifications, invoice generation, account statements and anti-fraud protections built in.

How to Get Started With a Grey.co Foreign Bank Account

Looking to use a Grey.co foreign bank account for your international transactions? Here’s a quick guide on how to open your account for free and start receiving payments globally. Follow these simple steps to set up your account and get started.

• Download the Grey app on Google Play Store or App Store.

• Click on “Create your free account.”

Select your “Country” and click “Continue.”

Fill in your “Basic Information” and click “Continue.”

“Create a password” and click “Next.”

Enter the “OTP” sent to your email account to verify your email.

You have successfully created a Grey Account.

 Make sure to complete your “KYC” verification to be able to make transactions.

How to Send Money With A Grey Account

You can send money with your Grey bank account in two ways. Either through your Grey tag or a new recipient.

• Log in to your Grey account.

• Click on the “Balance” you want to send from.
• Click on “Send.”
• Choose either to send with “GreyTag” or “New recipient.”
• If you are sending to a “New recipient”, switch to the recipient’s currency 
• Input the “Amount and Banking information.”
• Make sure to specify if you’re sending to an individual or a corporate account in the “Recipient type.”
• Click on “Continue.”
• “Verify” and “Confirm” your transaction.

If your recipient uses Grey.co, you can make use of your GreyTag to send money.

How To Withdraw Payments From Grey Foreign Account.

There are two ways in which you can withdraw from your Grey foreign bank account.

1. You can decide to convert your foreign currencies to your local currency before withdrawing it to your local bank for a fee.
2. You can directly transfer your foreign funds to your local account from your USD account or any foreign account (GBP and EUR). When doing this, a flat fee of 0.5% would be charged

How Many Foreign Virtual Bank Accounts Are Available In Grey Account?

Currently, the only virtual accounts that are available on Grey.co foreign bank account are the United States Dollars(USD), European Euros (EUR) and British Pounds (GBP).

My Thoughts On Grey Foreign Account

I had a smooth experience opening a foreign bank account with Grey, and found the user interface intuitive. However, I’ve had difficulty getting help from their customer support team, as they haven’t responded to my issue with linking my bank account. While Grey.co foreign bank account excels in some areas, they need to improve their customer support.

Reviews on Grey.co Foreign Bank Account

To let you know what users think about Grey.co foreign bank account, I decided to get reviews from Google Play Store and Trustpilot.

A user commented on Google Play Store. The user said, “You have the best customer service! I had an issue with creating my dollar card because my driver license expired. One of your customer care representatives guided me through it, though it was late in the night. As if It wasn’t enough the platform I tried using it to purchase something from rejected it. The same person guided me through it again and it was approved.”

Another user on Trustpilot said “A stupid app… you do a job and receive your payment but these people hold onto your money and start telling you nonsense stories. Their US account does not work. Please don’t let people try to send money to the account cause both of you would lose it…. Please look for another alternative. I’ve lost so much within how many days.”

Conclusion

Grey.co bank account offers a seamless and efficient way to send and receive international payments. It has various features, and favorable exchange rates which users would enjoy. While the platform excels in many areas, improvements are needed in customer support.

Furthermore, Grey foreign bank account makes it possible to create multiple foreign virtual bank accounts and receive payments in various currencies. So, if you’re a freelancer or business owner, you can make use of Grey.co for your transactions.

Frequently Asked Questions