Monaco, renowned as a hub for international business, is home to expats, freelancers, and digital nomads who need efficient solutions for managing international transactions. Grey provides these solutions by offering US, UK, and Euro accounts that simplify cross-border finances, minimise fees, and streamline global transactions.

This guide explores the benefits of these accounts, who can benefit, and the steps to verify your Grey account from Monaco.

Also read: The best digital nomad jobs to earn from anywhere in France

Benefits of having US, UK, and EU bank accounts in Monaco

1. Save on exchange fees: While Monaco uses the Euro (€),  many  transactions with global clients happen in USD or GBP. With Grey accounts, you can receive payments directly in these currencies, avoiding costly  conversion fees.
2. Simplify international payments: As a hub for luxury businesses and international trade, Monaco thrives on speed and efficiency. Grey accounts ensure quicker payments, helping you meet the demands of a fast-paced global environment.
3. Expand business reach: Entrepreneurs and freelancers in Monaco can cater to international clients who prefer payments in USD, GBP, or EUR.

Also read: How to receive and convert foreign currencies to USDC in Monaco

Who benefits from US, UK, and EU bank accounts in Monaco?

1. Business owners: From haute couture to fine jewellery, Monaco’s luxury entrepreneurs work with  international clients. Grey accounts make invoicing and receiving payments in USD, GBP, or EUR seamless and efficient.
2. Expats: Monaco, has a higher percentage of expats than any other country in the world managing income and expenses across different currencies is a common challenge. Hence why Grey’s global accounts are the perfect solution.
3. Digital nomads and remote workers: Monaco’s tax benefits attract remote workers from around the world. With Grey accounts, freelancers can receive payments from clients worldwide without delays or high fees.

Also read: Best countries to work in Europe in 2024

How to open US, UK, and EU bank accounts with Grey in Monaco

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.

How to verify your Grey account in Monaco

To start using Grey in Monaco, you'll need to complete a simple verification process. This ensures your identity is confirmed and meets all regulatory requirements.

1. Upload your documents: Provide a valid government-issued ID, such as an international passport, and proof of address, like a utility bill or bank statement. These documents are used to verify your identity and comply with regulations.
2. Quick review: Grey will review your documents within minutes and up to 24 hours. Make sure your uploads are clear and valid to speed up the approval process.

Once your account is verified, you can log in and access your US, UK, and Euro accounts. This allows you to manage your international transactions efficiently and securely. Get started today with a free Grey account.

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