Remote working unlocks endless opportunities for freelancers in Colombia, enabling them to collaborate with global clients and earn in foreign currencies. Yet, receiving payments can be a daunting challenge — high fees, long delays, and poor exchange rates often stand in the way. If you’ve ever faced obstacles getting paid internationally, you’re not alone. Fortunately, Grey streamlines the process, offering a fast, secure, and hassle-free way to receive your earnings effortlessly.

Challenges of receiving international payments in Colombia

Freelancers in Colombia often face several obstacles when receiving payments from abroad, including:

• High transfer fees – Traditional banks and platforms like PayPal charge significant fees for international transfers.
• Lengthy processing times – International payments can take several days to clear.
• Exchange rate losses – Converting foreign currency into Colombian pesos often comes with poor exchange rates and hidden charges.
• Limited withdrawal options – Some payment platforms restrict access to funds or require costly conversion processes.

Also read: How to open US bank accounts remotely in Colombia

How Grey simplifies international payments for freelancers in Colombia

Grey is a digital banking platform designed to streamline cross-border payments for freelancers and remote workers. With Grey, Colombian freelancers can easily receive payments from US, UK, and EU clients with minimal fees and fast processing times.

1. Get virtual foreign bank accounts

Grey provides users with virtual bank accounts in USD, GBP, and EUR. These accounts allow freelancers to receive payments directly from their clients as if they had a local bank account in those regions.

• US dollar account – Receive payments via ACH and wire transfers.
• British pound account – Accept GBP payments from UK clients.
• Euro account – Get paid in EUR via SEPA transfers from European clients.

2. Enjoy fast and low-cost transactions

Unlike traditional banks that take days to process international transactions, Grey ensures faster payouts with competitive exchange rates and lower fees.

3. Convert and withdraw funds easily

Freelancers can convert their earnings into Colombian pesos at fair exchange rates and withdraw them to a local bank account or mobile wallet. This flexibility allows freelancers to access their money without excessive charges.

4. Secure and reliable transactions

Security is a priority for freelancers handling international payments. Grey ensures safe transactions with encrypted systems and compliance with financial regulations, giving users peace of mind when receiving funds from abroad.

You may also like: How to live and work as a digital nomad in Colombia on a budget

Steps to open your global bank account in Colombia

Thanks to Grey's reliable online banking solution, opening US, UK and EUR bank accounts in Colombia is now easier than ever. Here’s how to get started:

Step 1: Create an account on Grey

Follow these steps to register on Grey via their app or website:

Access Grey’s platform: Visit Grey’s website or download the app to your mobile device.

Choose Colombia as your country of residence, then proceed.

Provide your details:

• Enter your full name as it appears on your government-issued ID.
• Provide a valid email address, mobile number, and referral code (if applicable).

Set up a secure password: Create a password that is at least eight characters long and includes uppercase letters, lowercase letters, numbers, and special characters.

Confirm your email: Input the OTP sent to your email. If you don't receive it, check your spam folder or resend the code.

After completing the signup process, indicate what you plan to use your Grey account for, such as receiving international payments or managing USD transactions.

Step 2: Verify your identity

To activate your Grey account, you need to complete the Know Your Customer (KYC) verification process:

• Upload documents: Provide a valid government-issued ID (e.g., passport) and proof of address (e.g., a utility bill or bank statement).
• Take a selfie: Submit a clear photo of yourself to verify your identity. Avoid wearing glasses or hats or using poor lighting.
• Complete the KYC form: Fill out details such as your date of birth and occupation.

The verification process typically takes a few hours. If there are issues with the uploaded documents, additional time may be required.

After approval, you’ll receive your bank account details and can start using the account immediately. Share these details with your clients to receive payments effortlessly, then convert your earnings at competitive rates and withdraw them in Colombian pesos.

Why freelancers in Colombia should choose Grey

Grey is the ideal payment solution for freelancers in Colombia who work with clients from the US, UK, and EU. By offering virtual foreign accounts, low transaction fees, fast processing times, and easy currency conversion, Grey removes the barriers that often make international payments difficult.

For Colombian freelancers seeking a reliable and cost-effective way to receive international payments, Grey is the perfect solution. Create your Grey account today or download the app to simplify your global payment process.

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