Owning a US bank account makes international transactions easier. However, opening a US bank account outside the US or as a non-US citizen might be challenging.  Digital banks like Grey have made it easy to open a US bank account from anywhere in the world, including Turkiye.

In this article, we will show you quick steps to open a US bank account in Turkiye on Grey.

Why open a US bank account in Turkiye

If you are wondering why you need to open a US bank account in Turkiye, here are some reasons.

• Opens you up to global markets: Owning a US bank account in Turkiye simplifies international transactions.
• Reduces transfer charges: Using a US account reduces the amount you spend on transaction and conversion fees.
• Access to payment services: Integrating your US account with payment services like Stripe and PayPal is more accessible than using a local account.

How to open US bank accounts in Turkiye

Grey is designed to simplify international transactions for individuals and businesses. The process involves creating an account on Grey and verifying your account, and you are good to go.

Creating an account on Grey

You can sign up for Grey on your browser’s official website or the Grey app. Once you have opened the app or website, follow these steps to create an account on the Grey platform.

• Select your country of residence and tap on 'Continue.'

• Complete the basic information form. Enter your full name as displayed in your means of identification. Select your gender, type in your email address, phone number and a referral code if applicable.
• Create an account password. The password must be at least eight characters long and include a number, a special character, and a lowercase and uppercase letter.

• Enter your email address to verify it. The OTP will be immediately delivered to your email address. If you don't receive the code or mistype it, you can resend it. If you still don't get it,  cross-check that you typed your email address correctly.

Now that your account has been created successfully and verified, you can choose how to use Grey from a list of options. You may select as many as apply.

Verifying your identity

Before you can start using your account for transactions, you need to upload a picture of a valid government-issued ID like an international passport or driver’s licence and proof of residential address like a utility bill or bank statement. These documents are regulatory requirements for your Know Your Customer (KYC) verification  to complete setting up your account.

KYC verification will also require you to take a picture of yourself and complete a KYC form.

Verification usually takes minutes to hours if your documents are clear and valid. It could delay a few business days if there are issues with your uploaded documents or personal pictures. Once you get approval, you will receive your US bank account details and can begin using your account immediately.

Who needs US bank accounts in Turkiye?

Foreign bank accounts offer numerous benefits for individuals living or working in Turkiye. Here's who can benefit from having US bank accounts:

Freelancers: For freelancers in Turkiye working with international clients, having a US bank account can be a game-changer. It allows you to:

• Receive payments in dollars without the high fees associated with currency conversions.
• Save and manage earnings in a stable currency.
• Use Grey to integrate with global payment services such as PayPal or Stripe.

Digital nomads: Turkiye has become a popular destination for digital nomads. A US bank account can streamline financial management for nomads by enabling you to:

• Pay for essential subscriptions like cloud storage, online tools, or project management software.
• Handle business expenses in foreign currencies.
• Avoid relying on local banks for cross-border transactions, ensuring seamless global operations.

Travellers: Tourists in Turkiye frequently face exchange rates and transaction fee challenges. Having a foreign bank account provides the ability to:

• Make payments directly in dollars without international transaction surcharges.
• Avoid the fluctuating exchange rates of the Turkish Lira.
• Access funds conveniently for hotel bookings, flights, and other travel-related expenses.

Conclusion

Opening a US bank account from Turkiye is now simpler than ever, giving you financial flexibility and access to global opportunities. Grey makes opening US bank accounts from Turkiye straightforward and efficient. Whether you're a freelancer, digital nomad, or traveller, these accounts provide the financial freedom and flexibility to operate seamlessly in global markets, all with a simple and efficient account opening process that you can trust. Sign up on Grey today to enjoy seamless international banking from Turkiye!

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