If you’re a migrant worker earning in foreign currency in any country at all, you’ve probably faced one major challenge —getting paid. Migrant workers in Argentina aren’t any different and are often left scrambling for a solution.
Having a US or UK bank account solves this problem. In this article, you’ll learn how to open a US or UK bank account from Argentina using Grey.
Why should you open a US or UK bank account as a migrant worker in Argentina?
Whether you're a freelancer, remote worker, or an employee of an international company, having a foreign bank account can make a huge difference. Here’s why:
Seamless international payments: Get paid directly in USD or GBP without high transaction fees.
Better exchange rates: Convert your earnings to Argentine peso (ARS) when rates are most favourable.
Easy online transactions: Make seamless international transactions for online shopping, subscriptions, and global services.
Financial stability: Holding funds in stronger currencies like USD or GBP can protect you from local currency fluctuations.
With Grey, you can enjoy all these benefits directly from your phone.
Step-by-step guide to opening US and UK bank accounts using Grey
The process is pretty straightforward. Here’s how you can get started:
1. Sign up for Grey
Creating an account with Grey is simple, requiring only a few personal details. Here’s what you need to do.
Visit Grey.co: On your browser, enter Grey.co and click on “Get started – it’s free.”
Choose your country: Select your current country of residence. This helps Grey tailor the setup to your location.
Enter your details: You’ll be prompted to provide your full name, email address, and phone number, then create a secure password.
Verify your email: Grey will send a one-time password (OTP) to your email address. Simply enter the code on the site to complete this step.
Once you’re set-up, you’re ready for identity verification — a step required for secure access to financial services.
2. Verify your identity for secure access
To keep your account safe and compliant with international regulations, Grey requires some basic documents:
A government-issued ID (passport or national ID card).
Proof of address (a recent utility bill or bank statement).
Upload these documents in the Grey app, and your verification will typically be processed within a few business days. Make sure your documents are clear and up to date to avoid delays.
3. Access your US and UK bank accounts
Once your identity is verified, you’re all set to create your foreign accounts:
Log in to your Grey account.
Go to “Accounts” and select “Create Account.”
Choose your preferred currency (USD for a US bank account or GBP for a UK account).
Get your virtual bank details instantly.
Your US and UK bank accounts are now ready for use.
Benefits of using Grey as a migrant worker in Argentina
No hidden fees: Transparent pricing ensures you keep more of your money.
Competitive exchange rates: Maximise your earnings when converting currencies.
Fast transactions: Receive and transfer money instantly, without delays.
Global accessibility: Use the Grey app to manage your finances from anywhere, anytime.
Tips for managing finances as a migrant worker
Budget wisely: Allocate your income across savings, daily expenses, and remittances to your family.
Track exchange rates: Use Grey’s real-time rates to convert funds at the best times.
Secure your accounts: Enable two-factor authentication (2FA) for added security.
Simplify banking across borders with Grey
Managing your earnings as a migrant worker in Argentina shouldn’t be complicated. With Grey, you can open a US or UK bank account, receive payments seamlessly, and withdraw in your local currency —all from your phone.