PayPal is one of the most widely used platforms for sending and receiving money globally. It is thus essential for freelancers, remote workers, and business owners that deal with international clients. However, one major challenge many users face, especially those outside the US, UK, and EU, is linking a foreign bank account to withdraw PayPal funds seamlessly.
If you’ve ever struggled with limited withdrawal options, high conversion fees, or slow transaction times, opening a foreign bank account can help solve these problems. You can do just that with Grey.
Why do you need a foreign bank account for PayPal?
Seamless PayPal withdrawals: A foreign bank account allows you to link your PayPal account and withdraw funds effortlessly.
Access to multiple currencies: Receive and hold payments in USD, GBP, and EUR without being forced into costly conversions.
Lower fees & better exchange rates: Traditional banks often have hidden fees and poor exchange rates — a foreign account helps you maximize your earnings.
More financial flexibility: Spend, save, or transfer your PayPal funds globally without restrictions.
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. Enter the code to complete this step.
Once you’re set up, you’re ready for identity verification.
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. Providing clear and accurate information speeds up approval.
3. Access your global bank accounts
Once your identity is verified, you can access your bank accounts.
Log in to your Grey account.
Navigate to the “Accounts” section and select “Create Account.”
Choose the currency (USD, GBP or EUR) that suits your PayPal transactions.
Your global bank account details, including your account number and routing number, will be generated instantly.
With your Grey foreign account, you can now link it to PayPal and withdraw payments easily.
How to link your Grey foreign bank account to PayPal
Once your Grey account is set up, linking it to PayPal is simple:
Log in to PayPal and navigate to the Wallet section.
Click “Link a Bank Account” and enter your Grey-provided foreign account details.
PayPal will send a small deposit for verification. Check your Grey account and enter the amount in PayPal to confirm.
Once verified, you can withdraw your PayPal funds directly to Grey.
Why Grey is the best option for PayPal withdrawals
Here are major reasons Grey stands out as the best option for Paypal withdrawals:
No hidden fees – Transparent pricing so you keep more of your earnings.
Hold multiple currencies – Manage your finances in USD, GBP, or EUR without forced conversions.
Fast international transfers – Receive and send money globally without delays.
Global access – Manage your money anytime, anywhere with Grey.
Direct withdrawals – Transfer funds seamlessly to your local bank account.
Start receiving PayPal payments with Grey today
Open a foreign bank account with Grey today and enjoy easy access to your funds. Whether you’re a freelancer, business owner, or remote worker, Grey simplifies international payments so you can focus on what truly matters.
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