Singapore, or the "Lion City," runs a very advanced market economy and a global financial hub. As a tax haven and business-friendly economy, it is an attractive destination for a vibrant expatriate community, business owners and online shoppers.
Whether you're a freelancer dealing with international clients, a digital nomad enjoying Singapore's rich cultural scene, or a savvy online shopper, a USD debit card is a must-have for managing international transactions efficiently.
Traditional banks in Singapore can complicate the process of obtaining a USD debit card with high fees, long waiting times, and strict requirements. Thankfully, Grey simplifies this by offering an instant virtual USD debit card in just a few steps.
In this article, we will show you how you can get started.
Sign up on the Grey website or download the app to create an account. The process is quick and user-friendly.
Read also: How to open US, UK and Euro bank accounts in Singapore
Once registered, complete your KYC (Know Your Customer) verification by uploading a valid government-issued ID, such as your Singaporean passport, NRIC, or work pass. This step is essential to unlock all features of your account.
After your account is verified, request a foreign currency account in USD, EUR, or GBP. This account allows you to receive payments from international clients or other sources in their native currencies.
Fund your account easily via bank transfer or other supported methods. The funds will later be used to load your USD debit card.
Navigate to the "Card" section in the Grey app or website and click "Get started."
Pay a one-time card creation fee of $4, and at least $1 will be deducted from your account to fund your card. Your virtual USD debit card will be instantly issued and ready for use.
Read also: How to receive payments on Etsy as a seller in Singapore
Singapore's globalised economy makes international transactions commonplace. A USD debit card is the perfect tool for managing such payments effectively, enabling freelancers, remote workers, and travellers to enjoy seamless and cost-effective financial transactions. Whether you're paying for a subscription, booking a flight, or managing international freelancing earnings, a Grey USD debit card simplifies your transactions.
Take control of your global payments today—sign up with Grey and get your instant USD debit card in Singapore!
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