Migrant workers and expatriates often face challenges with international transactions. From sending remittances and receiving salaries, to making investments, covering travel expenses and managing their savings, navigating financial systems across multiple countries can be complex and frustrating.

However, having US and UK bank accounts makes this easier. It offers greater convenience and financial flexibility. With reliable cross-border payment platforms like Grey, you can now create US and UK bank accounts remotely, without needing to visit these countries physically. This allows you manage your international financial transactions quicker and without breaking a sweat.

This article provides a step-by-step guide on how migrant workers and expatriates can create US and UK bank accounts.

Why migrant workers and expatriates need US and UK bank accounts

Many US and UK bank accounts can help migrant workers and expatriates in many ways, including:

• Efficient remittances: While living abroad, you can easily send money to your loved ones in your home country using US and UK bank accounts with lower transaction fees.
• Direct access to salaries: Receive payments from employers or international clients directly in USD or GBP without losing money to conversion fees.
• Simplified financial management: Hold and manage multiple currencies in one place to improve your bookkeeping.
• Access to global financial services: Using a multi-currency account helps manage international payment platforms like PayPal, Stripe, or Wise seamlessly.
• Save on currency conversions: Avoid losing money to unfavourable exchange rates when dealing with USD or GBP by opening a US and UK bank account.

Step-by-step guide to creating US and UK bank accounts with Grey

You can create US and UK bank accounts with Grey in these quick steps in a few minutes.

First, sign up on Grey

Getting started with Grey is simple:

• Visit the website or app: Go to Grey’s official website or download the app on your smartphone.

• Register your account: Provide your name, email, and phone number.
• Create a password: Use a strong password to ensure account security. Your password should be a minimum of eight characters, including upper and lowercase letters, a number and a special character.

• Verify your email: Enter the OTP sent to your registered email address to activate your account.

Next, complete the verification process

In compliance with global financial regulations and to protect you, Grey requires that you complete the Know Your Customer (KYC) verification process to gain complete access to your account. This requires you to:

• Upload a valid ID: Submit a photo or scanned copy of your international passport, national ID, or any valid government-issued identification.
• Provide proof of address: Upload a utility bill, rental agreement, or bank statement showing your residential address.
• Upload your picture: Upload a clear picture of yourself.
• Submit your details: Fill in your address and other information on the KYC form to complete the process.

The verification process should only take a short while unless there are issues with the validity or clarity your uploaded documents.

Once verified, request your US and UK accounts

Once your KYC verification is approved:

• Go to your dashboard: Log in to your Grey account and navigate to the “Bank accounts” section.
• Select the currency accounts: Choose “USD” for a US bank account and “GBP” for a UK bank account.
• Receive account details: Grey will provide your US and UK account numbers, including routing codes or sort codes for seamless banking.

Finally, start using your accounts

Once you have your account details, you can:

• Receive payments: Share your US or UK account details with employers, clients, or family members.
• Send funds: Transfer money internationally at competitive exchange rates.
• Withdraw locally: Move funds from your Grey account to your local bank or e-wallet.

Final thoughts

Managing international transactions used to be a tough nut to crack for migrant workers and expatriates anywhere in the world. However, with Grey, creating US and UK bank accounts has never been easier. You can enjoy simplified cross-border financial management, access to global banking services, and lower transaction fees when you use Grey.

Ready to take control of your finances? Sign up on Grey today!

‍