Tanzania is home to increasingly skilled freelancers working with international clients. Yet, one of the biggest challenges remains receiving payments efficiently. Traditional banking systems can be slow, expensive, and difficult to navigate, often reducing freelancers' earnings through high fees and unfavorable exchange rates. Grey provides a solution by offering multi-currency accounts, fast transfers, and low transaction fees, enabling Tanzanian freelancers to easily receive payments from US, UK, and EU clients.

Also read: How Fiverr freelancers in Tanzania can receive payments easily in 2025

Why Tanzanian freelancers should open US, UK, and EU bank accounts

• Quicker transactions – Holding a US, UK, or EU account ensures payments are processed faster, avoiding unnecessary banking delays.
• Lower transaction costs – Converting USD, GBP, or EUR to Tanzanian Shillings (TZS) through local banks often comes with high fees. A foreign account helps reduce these expenses.
• More credibility with international clients – Many companies feel more comfortable hiring freelancers with access to established financial systems.
• Greater access to global freelance jobs – Some platforms favour freelancers who can receive payments in international currencies, broadening job prospects.

Also read: How to receive payments from Guru in Tanzania in 2025

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

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.

Also read: How to open a foreign bank account in Tanzania for free

Step 4: Share your payment details with clients

• Copy your newly created US, UK, or EU bank 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 Tanzanian bank account

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

Grey makes it easy for freelancers in Tanzania to receive international payments quickly.  Sign up today and start getting paid with ease

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