For digital nomads and freelancers, Brazil offers more than just beautiful beaches and lively cities; it’s now a gateway to seamless international transactions. With Grey, Brazilians can now open US and UK bank accounts online, and connect effortlessly to global opportunities. It’s an exciting way to manage cross-border finances, access more financial opportunities, and enjoy the flexibility of international banking—all from the comfort of home.

Why open a US or UK bank account from Brazil?

1. Lower exchange fees: Having a US or UK account helps you save on currency conversion costs.
2. Easier international transactions: With a US or UK account, Brazilians can quickly handle payments in USD or GBP, making it simpler to get paid by clients worldwide.
3. Access to global markets: A US or UK bank account opens doors to business opportunities not always available through Brazilian banks

Also read: Best cities for digital nomads in Brazil in 2024

Who should have UK and US accounts in Brazil?

1. Freelancers and remote workers: With the rise in remote work, many Brazilian freelancers and contractors now work for companies in the U.S., Europe, and the U.K. Having accounts in these currencies lets them receive payments faster and avoid high exchange fees from local banks.
2. Digital creators and influencers: Digital creators and influencers in Brazil collaborate with international brands. Having US and UK accounts simplifies receiving payments and reduces transfer delays. This makes it easier to manage earnings from sponsorships, ad revenue, and partnerships.
3. Business owners: Brazilians who buy goods in the US or UK can make direct payments in USD or GBP, avoid exchange fees, and improve cash flow. This keeps their businesses running smoothly at lower costs.

How to open a Grey account

Opening a Grey account is straightforward and can be done in minutes.

• First, visit grey.co on your browser and sign up by creating an account with your email.

• Then follow the prompts and ensure you enter your correct details for a seamless setup.

• Next, you’ll need to verify your identity — a crucial step for meeting regulatory requirements. This process is particularly important for non-U.S. residents, as Grey specialises in providing accounts for individuals outside the United States.

• To complete verification, upload a valid government-issued ID (e.g., international passport) and proof of address (utility bill or bank statement). Grey uses these documents to verify your identity and meet regulatory requirements.
• Finally, Grey will review your documents within minutes and 24 hours. Submitting clear and valid documents can help speed up the approval process.

Important tips for Brazilians

1. Choose the right platform: Grey makes it easy for Brazilians to open a US or UK bank account without needing to travel.
2. Keep up with requirements: Make sure to stay informed about any tax or reporting rules in the US or UK that might apply to you as a foreign account holder.
3. Use multi-currency options: Grey’s multi-currency support helps you manage transactions across different regions, making international payments simple and hassle-free.

Once verified, you can log in to your Grey account, giving you access to both U.S. and U.K. bank accounts, making it easy for you to handle global transactions. Get started today by creating a free Grey account.