Malaysia has become a thriving hub for freelancers working with clients around  the globe. With an increasing number of Malaysians turning to freelancing, especially in fields like design, tech, and consulting, the demand for fast, secure, and cost-effective payment solutions has never been higher.

Grey is here to make things easier for freelancers in Malaysia who are receiving payments from clients in the UK, US, and EU. This guide will show you how you can use Grey to receive payments from clients in the UK, US, and EU effortlessly.

Also read: How to receive and convert foreign currencies to USDC in Malaysia

Why Malaysian freelancers need to open US, UK, and EU bank accounts

Here’s why opening foreign accounts in the US, UK, and EU can be beneficial:

• Faster payments – International clients prefer sending payments to local accounts in their regions, which speeds up processing times.
• Lower transaction fees – Converting USD, GBP, or EUR to MYR through traditional banks can result in hefty charges. Having a foreign account helps avoid excessive conversion costs.
• Increased client trust – Many clients prefer working with freelancers who have UK, US or EU accounts, making transactions seamless.
• Access to more freelance jobs –  Some freelance platforms prioritise payouts in USD, GBP or EUR

Related: How to open US bank accounts in Malaysia

Steps to receive payments in US, UK, and EU bank accounts in Malaysia

Grey simplifies the process for Malaysian freelancers to receive international payments by providing virtual US, UK, and EU bank accounts. Here’s how you can receive payments smoothly:

Step 1: Sign up for a Grey account

• Visit Grey’s website or download the Grey mobile app.

• Click "Sign Up" and provide your email address, phone number, and password.
• Verify your email and phone number to activate your account

Step 2: Complete identity verification

• Upload a valid ID (passport, national ID, or driver’s license).
• Provide proof of address (e.g., utility bill or bank statement).
• Grey will review and approve your identity within a short time.

Step 3: Open a foreign currency account

• Once verified, log into your Grey dashboard.
• Navigate to "Create Account" and choose the preferred currency (USD, GBP, or EUR).
• Grey will generate a foreign bank account number and details for you.

Step 4: Share your payment details with clients

• Copy your newly created US, UK, or EU account details.
• Send the details to your clients via invoice, email, or contract agreement.
• Clients can transfer funds directly as if sending to a local account in their country.

Step 5: Convert and withdraw to your Malaysian account

• Convert your funds from USD, GBP, or EUR to MYR at competitive exchange rates.
• Withdraw your money to any Malaysian bank account quickly and securely.

With Grey, Malaysian freelancers can receive payments quickly, cut transaction fees, and effortlessly manage international earnings. Create your Grey account today for seamless cross-border transactions.

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