As a migrant worker in the UK, you likely already have a local bank account. But if you work with international clients or send money abroad, you’ve probably had a few challenges — high fees, unfavourable exchange rates, and slow transaction times.

A US bank account can make things easier by allowing you to receive and hold USD without conversion losses. And if you want better financial flexibility, having an additional UK account with a digital bank can help you manage your money more efficiently.

With Grey, you can open US and UK bank accounts easily.

Why do migrant workers in the UK need a US or extra UK bank account?

Even with a UK bank account, opening a US account (or an extra UK account) can be a game-changer. Here’s why:

1. Receiving USD payments without extra fees

If you work for US-based companies or freelance for international clients, you probably receive payments in USD. UK banks often charge high fees for converting USD to GBP. With a US account, you can receive payments directly in dollars without losing money on exchange rates.

2. Holding USD as savings

Slight currency fluctuations can affect your earnings. Holding part of your money in USD instead of GBP gives you more financial stability, especially if you send money abroad regularly.

3. Avoiding expensive international transfers

Sending money across borders? UK banks often have high international transfer fees. With Grey, you can move money seamlessly between your US and UK accounts, saving time and money.

4. Managing finances with an extra UK account

Some workers prefer multiple accounts to separate savings, salary payments, or different income sources. A second UK account can help with budgeting or receiving payments from multiple employers.

Also read: How to manage multiple currencies as an expatriate in Mexico using Grey

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.” You can also download the app.

• 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

Grey requires some basic documents to confirm your identity and keep your funds secure:

• A valid government-issued ID: A passport or national ID card will do.
• Proof of address – A recent utility bill or bank statement confirming your residence in the UK.

Verification usually takes a few business days, but accurate and clear uploads speed up the process.

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.

Also read: How to manage multiple currencies as an expatriate in Brazil using Grey

Benefits of using Grey as a migrant worker in the UK

• No hidden fees – Transparent pricing means you keep more of your money.
• Fast transactions – Receive payments and transfer money without long delays.
• Global access – 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.
• Use secure banking options – Enable two-factor authentication (2FA) for extra security.

Simplify banking across borders with Grey

Managing international payments as a migrant worker in the UK doesn’t have to be complicated. With Grey, you can open a US or extra UK bank account, receive payments seamlessly, and move money across borders.Create your Grey account today or download the app to enjoy inclusive global banking, designed for you to carry your dreams across borders.

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