India is home to over 1.4 billion people, making it the most populous country in the world. Among them are millions of migrant workers who have moved to India for job opportunities or remote work with international companies. While the country offers a vibrant economy and diverse culture, managing foreign earnings can be challenging.
For these migrant workers, having a US or UK bank account is the answer. This guide will show you how to open a US or UK bank account from India using Grey, so you can access your earnings without any issues.
Why should you open a US or UK bank account as a migrant worker?
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 Indian rupees (IDR) when rates are most favourable.
Easy online transactions: Pay for global services, subscriptions, and shopping without currency restrictions.
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 without visiting a physical bank branch.
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
Here’s what you’ll need to provide:
Government-issued ID: A valid passport or national ID card is required. Make sure it’s clear and up-to-date.
Proof of address: A recent utility bill or bank statement will verify your location. Grey uses this document to confirm your residency.
Submit your documents for review: Once uploaded, Grey will review your documents, a process that typically takes a few business days. Clear and accurate documentation speeds up approval.
3. Access your US and UK bank accounts
Once your identity is verified, log in to your Grey account.
Navigate to the “Accounts” section and select “Create Account.”
Choose the currency (USD for a US bank account or GBP for a UK account).
Your virtual bank account details, which include your account number and routing number, will be generated instantly.
Benefits of using Grey as a migrant worker in India
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 India 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.
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