How To Create Foreign Account For Africans Using Grey Virtual Account

Are you into any transaction or business online that requires you to create a USD, EUR or GPB Foreign Account for Withdrawal?. Grey Virtual Account allow you to receive foreign payment easily which can be converted and transfered into your local bank account.

As a Freelancer, you might come across a Foreign earning site which requires you to create foreign account for Withdrawal. Now, how do you go about creating Foreign Account since you are not residing in the said Country.

A virtual foreign account, like Grey, gives a person access to an online foreign bank account without having to provide sensitive information such as your Social Security or bank routing numbers. Virtual accounts also help freelancers manage cash flow, allow them access to more job opportunities and collect payments easily from companies around the globe. These tips will introduce you to the benefits of virtual accounts and how they can help you as a freelancer.

What Is Grey Virtual Account

Grey Virtual Account is a Foreign based online banking platform that allow you to create Free Domiciliary Account in USD, GBP and EUR for all your international transactions.

You can Open a global bank account for free to receive and make foreign payments or convert currencies, all in one place.

Grey allow you to convert any Foreign currency received through their Virtual Account into your local wallet with sweet exchange rate.

Features Of Grey Virtual Account

Get paid by foreign employers and clients — Use your account details to receive pounds, dollars and euros like a local and manage your earnings. Invoice like a local and manage your earnings.

Instant currency exchange — Enjoy quick and efficient online foreign exchange transactions. Say goodbye to bank queues and disappointments.

Send and receive money quickly — Enjoy fast global money transfer with your international bank account on Grey.

Why Use Grey Virtual Account

• Secured Funds — Grey won’t lend out your money and they make sure that it’s always secure with their institutional partners so you have nothing to worry about.
• Fraud Protection — Grey AML and security teams are dedicated to keeping your account safe and protected from fraud at all times.
• Data Security — Grey protect your information and it’s always secure. It collect and use your information fairly, lawfully and transparently.
• Secure Transactions — Your account is protected with 2FA and only you have access to it.

How To Register On Grey Virtual Account

To register new account on Grey to get your free Foreign Virtual Account, follow the below procedure…

• Tap Here to register new account on Grey.co
• On the website, tap on the Menu Icon at the top right corner the click on Get Started.

• Fill in your Full Name, Phone Number, Email and password then tap on Create Your Account.

NOTE: Use SGL6SW as referral code to get $5 Registration Bonus. T & C

• A verification Link will be sent to your email, open it and tap on Verify Email.

Once you verify your Email, The next step is to login and Complete Kyc Verification.

• After registration, Login to your Grey Account.
• Tap on Complete Verification.

• Click on Start, select your country (Nigeria) and verify your account with any of the documents listed below.

• Take a photo of the Documents, both front and back then complete the Facial Verification.
• Once done, you will be sent a mail stating your Kyc has been approved.

Now that you have completed the Kyc Verification, the next thing is to create a Foreign Virtual Account.

How To Create Foreign Virtual Account (USD, EUR, GPB) on Grey

• Login to your Grey account or download the Apk from Playstore or Apple Store then login.
• Tap on the Menu Icon at the top left corner of the apk then click on Account.
• If you need European Euros Account, just click on Request EUR Account and if it’s USD or GPD, Click on the request button under the account.

• Fill in all the required details by adding your DOB, Identity Verification and proceed by clicking on Continue.
• Upload your Utility Bill then tap on Finish.
• Wait until the request Got approved then you can Start Sending and Receiving Fund with the Virtual Account.

How To Deposit, Send & Receive Payment With Grey Virtual Account

After Generating Either USD, EUR or GPB Account, you can start sending or receiving payment with the foreign virtual account.

How To Deposit and Send Payment On Grey Virtual Account

• Login to your account and tap on the menu icon at the top left corner.
• Click on Balances, Under 🇳🇬 NGN, tap on Deposit NGN.

• Complete your Deposit then tap on Swap Fund under 🇳🇬 NGN to swap the fund to either EUR, USD or GPB.

• Once Swaped, Go under the Foreign currency virtual account and tap on Withdraw.
• Select option to withdraw to another account and complete the transaction.

Procedure To Receive Payment With Grey Virtual Account

• Login to your Grey Account
• Tap on the Menu Icon at the top left corner then click on Account.
• Under the Virtual Account you want to use for Withdrawal, the account details will be listed.

• Copy the required details and use it to receive your Payment.

How To Withdraw Fund from Grey Virtual Account To Local Bank Account

• Login to your Gey account and tap on the Menu Icon.
• Click on Balances.

• Under the foreign virtual account you used to receive payment, tap on Swap Fund.
• Swap the fund to your 🇳🇬 NGN Account.
• Once Swaped, click on 🇳🇬 NGN then tap on Withdraw NGN and select option to Withdraw To Another Account.
• Enter the amount and your local bank details then complete the withdrawal.

Grey Referral Program – $5 For Registration & Referral

You and your friend get $5 when you refer them to use Grey, and they hit the $500 mark in deposits! There are no limits on the number of friends you can refer, which means you can refer all your personal and social media friends and followers via your unique referral link and code.

Log in to the app, copy your referral code (or share the link directly), and share your copied code. That’s it! Once your friend deposits in their foreign account up to $500, you both get $5.

For the $5 referral bonus to apply, the new user must complete a deposit worth $500 on the foreign account.

Grey Apk Download

Grey Virtual Account apk is available on both Playstore and Apple Store. You can use the apk to create or log in to your account and also use it to transact easily.

• Grey Apk Download || Playstore
• Grey Apk Download || Apple Store

Conclusion

Virtual accounts are essential for freelancers because they help them manage cash flow, protect against identity theft and fraud, and keep track of their financial records. Virtual accounts are helpful for all types of freelancers, no matter where they’re located. They’re also beneficial for businesses that are working with remote workers.

If you’re a freelancer who uses virtual accounts, remember to maintain the highest level of security to protect your financial data. And remember, virtual accounts aren’t just for freelancers. They can help businesses work with remote workers as well.

Grey provides free global bank accounts for receiving and making foreign payments or converting currencies, all in one place.

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