As freelancing becomes a full-time career choice for millions around the world, the tools that support this lifestyle are evolving too. And one of the most essential tools every freelancer needs is a reliable mobile banking app. From sending invoices and receiving international payments to managing multiple currencies and tracking expenses on the go, mobile banking apps make financial management fast, simple, and efficient.

Unlike traditional banks that are often riddled with high fees, long queues, and outdated interfaces, mobile banking apps are designed for speed, convenience, and seamless global transactions, which is exactly what today’s freelancers need to thrive.

Also read: 11 must-have tools for freelancers in 2024

How mobile banking is changing freelancing

• Quick access to funds: Freelancers often work remotely, from cafés, coworking spaces, or different countries. Mobile banking apps allow you to manage your money anywhere, anytime, straight from your smartphone
• Faster payments: Time is money for freelancers. Mobile banking apps support instant or same-day payments, helping you avoid delays in accessing your funds after project completion.
• Easy invoicing and budgeting: Some mobile banking apps come with built-in tools for invoicing, payment tracking, and budgeting, helping freelancers stay on top of their finances without needing extra apps.
• Financial tracking: Mobile banking apps allow freelancers to monitor their income and expenses in real time. You can get instant notifications for every transaction, check your account balance on the go, and categorise spending to stay on top of your finances.

Also read: The best invoicing software for freelancers in 2024

Leading mobile banking apps for freelancers

1. Grey

Grey makes it easy for freelancers to receive international payments with multi-currency accounts in USD, GBP, and EUR. The app is designed for seamless cross-border transactions, offers competitive exchange rates, and enables quick withdrawals to local bank accounts. Freelancers can also generate invoices, monitor exchange rates, and manage funds on the go.

2. Lance

Lance is a banking app made exclusively for freelancers, with features designed to simplify their financial lives. It automatically separates income into tax, savings, and personal spending accounts, helping you stay organised and prepared for tax season. With built-in tools for invoicing and expense tracking, Lance acts like a financial co-pilot.

3. Found

Found combines mobile banking with smart bookkeeping features. You can send invoices, track deductible expenses, estimate taxes, and even auto-save for taxes—all in one app. It’s especially useful for solopreneurs and freelancers who want to manage everything from their phone without needing additional software

4. Revolut

Revolut offers multi-currency accounts, currency exchange at interbank rates, and instant spending notifications. It’s ideal for freelancers who work while traveling or collaborate with clients worldwide. You can convert currencies, set budgets, and get analytics on spending.

Also read: Land high-paying gigs: Essential networking tips for freelancers in 2024

Why Grey stands out for freelancers

• Competitive exchange rates: Grey offers highly competitive exchange rates, often better than traditional banks or other platforms, ensuring you get more value for your money.
• Low transparent fees: Grey keeps fees minimal and transparent, helping you avoid hidden charges that are common with other services.
• Fast transactions: Grey’s easy-to-use platform ensures that currency exchanges are processed quickly and securely, providing a smooth user experience.
• Multi-currency support: With the ability to hold and exchange multiple currencies, Grey offers flexibility for those dealing with various international transactions, making it ideal for cross-border exchanges

How to get started with Grey

Sign up

Visit Grey's website or download the mobile app to create your account. Select your country, provide your details, create a secure password, and verify your account using an OTP.

Verify your identity

Upload your identification documents to complete the KYC (Know Your Customer) process. This ensures compliance with international standards and keeps your funds secure.

Request currency accounts

Once verified, request your foreign bank account details (USD, GBP, and EUR) from the ‘Accounts’ section in the app. These are actual bank accounts you can share with international clients.

Start getting paid

Share your account details with clients or connect Grey to your freelancing platforms. You can also generate invoices or payment links within the app for quick and professional billing.

Mobile banking offers freelancers a flexible, secure, and cost-effective way to manage their income anytime, anywhere. With Grey’s easy-to-use mobile app, multi-currency support, low transaction fees, and seamless platform integration, freelancers can take full control of their finances and get paid without the usual delays. Sign up with Grey today and simplify how you handle freelance payments on the move.

‍