Many freelancers, businesspeople, and digital nomads still face challenges with getting paid by their international employers. A virtual IBAN makes it easy to receive salaries and international payments.

In this guide, we’ll show you how to get a virtual IBAN for salary payments seamlessly using Grey.

What is a virtual IBAN?

A virtual IBAN (International Bank Account Number) is a bank account number issued electronically that lets you receive money internationally. It works just like a regular bank account, but without needing to open a physical account abroad.

With a virtual IBAN, you can:

• Receive salaries and freelance payments in USD, GBP, or EUR.
• Accept transfers from international employers or platforms.
• Save on transfer fees and get better exchange rates.

Why use Grey for your virtual IBAN?

Getting a virtual IBAN is a smart option for handling global payments. Grey makes getting a virtual IBAN simple, fast, and affordable. Here’s why.

• Multi-currency account: Grey users can own USD, GBP, and EUR accounts within minutes. Multiple currency accounts in one app ensure financial flexibility.
• No hidden fees: Grey offers transparent transaction fees and eliminates the need for complicated paperwork.
• Faster international salary payments: Enjoy swift international transactions with Grey.
• Competitive exchange rates: When you need to convert your money, Grey offers favourable exchange rates.

Read also: The best international bank accounts for freelancers and remote workers

A step-by-step guide to getting a virtual IBAN with Grey

You can get a virtual IBAN with Grey in these quick steps:

Step 1: Sign up for a Grey account

Go to grey.co or download the Grey app. Click “Get Started” and create your account using your email address and phone number.

Step 2: Verify your identity

Upload a valid government-issued ID (passport, national ID card, or driver’s licence) and proof of address (like a utility bill or bank statement). Grey’s verification process is quick and secure.

Step 3: Access your virtual IBAN

Once your account is verified:

• Log in to your Grey dashboard.
• Navigate to “Accounts.”
• Click “Create Account” and choose your preferred currency (USD, GBP, or EUR).

Instantly, your virtual IBAN (account number and bank details) will be generated.

Step 4: Share your IBAN with your employer or client

Send your virtual IBAN details to your employer or clients for salary payments. They can pay you just like they would pay any local bank account.

Read more about the virtual IBANs and their benefits.

Managing international payments with Grey

A virtual IBAN from Grey allows you to get paid internationally without the traditional banking stress. Whether you’re working for companies in Europe, the US, or anywhere else, Grey helps you get your salary faster, cheaper, and more reliably. With transparent and low fees and favourable conversion rates, you can maximise your earnings with Grey.

Create your free Grey account today and get your virtual IBAN in just a few minutes.

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