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How to register as self-employed in the UK and US

Olayoyin Olorunmota

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Knowing how to register as self-employed is the first practical step in turning freelance work into a legitimate business. Getting registered correctly and on time protects you from penalties and sets up your finances cleanly from the start.

The registration process differs significantly between the UK and the US. In the UK, there’s a specific registration with HMRC and a firm deadline attached. In the US, the concept of becoming self-employed is broader and more decentralised, varying by state and business structure. This guide covers both, step by step, so you can follow the process relevant to your situation.

What does it mean to be self-employed?

Being self-employed means you work for yourself rather than for an employer. You set your own rates, choose your clients, and are responsible for your own tax and National Insurance (in the UK) or self-employment tax (in the US). You are your own business, even if that business is just you.

The terminology varies. In the UK, the most common structure for individual self-employed people is the sole trader. In the US, the equivalent is the sole proprietor. Both mean the same thing: you and your business are the same legal entity. Your personal finances and your business finances are legally the same, which is why keeping them practically separate matters so much.

A limited company (UK) or an LLC (US) is a separate legal structure in which the business becomes a separate legal entity from you. This provides liability protection and can be tax-efficient at higher income levels, but it entails additional administrative requirements and is not necessary for most freelancers starting out.

For a detailed comparison of how taxes work differently as a freelancer versus an employee, see our guide on the freelancer vs employee tax comparison.

How to register as self-employed in the UK

In the UK, registering as self-employed means registering for Self Assessment with HMRC. This is the system through which you report your income and pay your tax each year. You must register by 5th October, following the end of the tax year in which you started trading. The UK tax year runs from 6th April to 5th April. So if you started freelancing in January 2026 (within the 2025 to 2026 tax year), you must register by 5 October 2026.

Missing this deadline can result in a penalty, so register as soon as you start earning, and don’t wait until the deadline approaches.

Here is the step-by-step process:

  1. Create a government gateway account. Go to gov.uk/register-for-self-assessment. If you don’t already have a Government Gateway account, you’ll need to create one. You’ll need your National Insurance number, a form of photo ID (passport or UK driving licence), and a UK address.
  2. Register for Self Assessment. Once you have your Government Gateway account, register for Self Assessment. Select “I am self-employed” as your reason for registering. You’ll be asked to provide your business start date, what type of work you do, and whether you’ve already been sent a tax return.
  3. Receive your Unique Taxpayer Reference (UTR) number. HMRC will post your UTR number to your registered address within 10 working days (21 days if you’re abroad). This is a ten-digit number that identifies you to HMRC and is required for every tax return you file. Keep it somewhere safe.
  4. Set up your business records. From the date you registered, you’re required to keep records of all your income and business expenses. HMRC can request these records going back six years. A simple spreadsheet works for most sole traders, though accounting software becomes easier to use as income grows.
  5. Understand your National Insurance obligations. As a self-employed sole trader, you pay Class 2 National Insurance (a flat weekly rate, collected through Self Assessment) and Class 4 National Insurance (a percentage of profits above the lower profits threshold). Both are collected when you file your Self Assessment tax return each year.
  6. File your first Self Assessment tax return. Your first return covers the tax year in which you started trading. The deadline to file online is 31 January following the end of that tax year. Payment of any tax owed is due on the same date.

Sole trader vs limited company in the UK

Most freelancers starting out register as sole traders. It’s simpler, cheaper to administer, and appropriate for most income levels. A limited company becomes an option when your profits consistently exceed around £50,000 per year, because the corporation tax rate is lower than the higher rate of income tax, and you have more flexibility in how you extract income. If you’re unsure which structure suits your situation, a UK accountant can advise based on your projected income.

How to register as self-employed in the US

In the US, there is no single federal registration that makes you officially “self-employed.” Self-employment is a tax status, not a legal one. When you earn income from freelance work or run a sole proprietorship, you become self-employed by default and file taxes accordingly. The required registration depends on your business structure, your state, and the nature of your work.

Here is the step-by-step process for a US sole proprietor:

  1. Decide on your business structure
    Most freelancers start as sole proprietors: no registration required, simplest taxes, and no separation between you and the business. An LLC (Limited Liability Company) adds liability protection, especially if your work carries any financial or legal risk to personal assets. An S-Corp becomes relevant at higher income levels for tax efficiency reasons. For most people starting out, a sole proprietorship is the appropriate starting point.
  2. Get an Employer Identification Number (EIN) if needed
    A sole proprietor with no employees can use their Social Security Number (SSN) as their tax identifier. However, an EIN (a nine-digit number assigned by the IRS) is required if you have employees, operate as an LLC or corporation, or want to open a business bank account without using your SSN. Apply for a free EIN at irs.gov. The IRS issues EINs immediately online.
  3. Register your business name if trading under anything other than your own name
    If you want to trade as “Bright Design Studio” rather than your legal name, you’ll need to file a DBA (Doing Business As) or fictitious business name registration with your county or state. Requirements and fees vary by location.
  4. Check your state and local licence requirements
    Most states require a general business licence, and some require specific licences depending on your profession. Some states and cities also require registration if you’ll be collecting sales tax on goods or services. Check your specific state’s requirements, as they vary significantly.
  5. Understand your federal tax obligations
    As a self-employed sole proprietor, you file Schedule C (Profit or Loss from Business) with your Form 1040 federal tax return each year. You also file Schedule SE to calculate self-employment tax (15.3% on net earnings, covering Social Security and Medicare). The IRS provides detailed guidance at irs.gov/businesses/small-businesses-self-employed.
  6. Make quarterly estimated tax payments
    Unlike employees, self-employed people don’t have tax withheld from each payment. You’re expected to pay estimated taxes quarterly: due on 15 April, 15 June, 15 September, and 15 January. Failing to do so can result in an underpayment penalty at year-end.

Sole proprietorship vs LLC vs S-Corp in the US

A sole proprietorship requires no registration and has the simplest taxes, but offers no personal liability protection. An LLC provides liability protection (your personal assets are separate from business liabilities) and allows you to choose how it’s taxed. An S-Corp election is a tax classification that can reduce self-employment tax at higher income levels, typically above $50,000 to $80,000 in net profit, but requires additional administrative work, including payroll. Most freelancers start as sole proprietors and reconsider their structure as income grows.

What you need before registering

Gathering the right information before you start the registration process saves time and avoids incomplete applications.

In the UK:

  • National Insurance number
  • Personal details (full name, date of birth, address)
  • Business name (or your own name if trading under it)
  • Business start date
  • Description of your self-employed work
  • Contact details for your business

In the US:

  • Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
  • Business name (if different from your legal name)
  • Business address
  • Business start date
  • Type of business activity
  • State of primary business operations
  • EIN application details for forming an LLC or hiring employees

Both countries will also ask about your expected income when you register. This is used to estimate your tax liability and, in the UK, to set your payment-on-account amounts. Don’t overthink this: a rough estimate is fine. You’ll reconcile the actual figures when you file.

What to do after you register

A few practical steps immediately after registering set up your finances cleanly and protect you from common problems later.

Open a separate account for business income
This is the single most effective financial habit for a new freelancer. When your freelance income and personal spending share one account, every tax filing becomes a manual sorting exercise. A separate account means every transaction is automatically categorised: income that lands there is business income, expenses paid from it are business expenses. If you work with international clients, this account should be able to receive payments in foreign currencies without forcing immediate conversion at your bank’s rate.

Start tracking income and expenses immediately
Both HMRC and the IRS require you to keep records of your business income and expenses. Start from your first paid invoice, not from when your income becomes significant. A spreadsheet works. Accounting software such as FreeAgent (common in the UK) or QuickBooks (common in both markets) makes it easier to generate reports as needed.

Make estimated tax payments or save for your tax bill
In the US, make quarterly estimated payments to avoid underpayment penalties. In the UK, save approximately 20 to 30% of each invoice payment toward your Self Assessment tax bill, held separately so it’s not accidentally spent.

If you work with international clients, set up a multi-currency account
Set up a multi-currency account that can receive USD, EUR, or GBP from clients abroad without losing a percentage to bank conversion margins on every payment. Open a multi-currency account with Grey to receive international payments in the currencies your clients use, hold the balance until you choose to convert, and withdraw to your main account. Grey lets you receive international payments with a transparent 1% conversion fee, capped at $6, rather than the 3 to 5% spread typical at most banks.

Download the grey app today.

Common mistakes to avoid when registering

Missing the registration deadline in the UK
The 5 October deadline for Self Assessment registration is firm. HMRC issues automatic penalties for late registration. Register as soon as you start earning, not when you think income is “significant enough.”

Mixing personal and business finances
Using your personal account for freelance income creates accounting and tax filing complexity that grows over time. Opening a separate account from the first payment is far easier than untangling mixed finances later.

Failing to keep receipts and records
You can only claim business expenses you can substantiate. HMRC can investigate up to six years back; the IRS up to three years (six if it suspects underreporting). Keep records of every expense with the corresponding receipt or invoice.

Choosing the wrong business structure for your earnings level
Most freelancers do fine as sole traders or sole proprietors. Registering as a limited company or LLC before you need to adds administrative cost and complexity without a proportionate tax benefit at lower income levels. Get advice before adding structure.

Not saving for tax
This is the most common cash flow problem in year one of self-employment. Your tax bill arrives as a lump sum at year’s end. If you haven’t been setting money aside throughout the year, it can be a shock. Save a percentage of every payment into a separate account from day one.

Frequently asked questions

When do I need to register as self-employed?

In the UK, you must register for Self Assessment by 5 October following the end of the tax year in which you started trading. The UK tax year runs from 6 April to 5 April. So if you started earning in August 2025, you must register by 5 October 2026. In the US, there is no formal registration deadline for sole proprietors. You become self-employed the moment you earn income from self-employment and must file taxes accordingly for that year.

Can I be employed and self-employed at the same time?

Yes. In both the UK and the US, having a regular employed job alongside freelance income is entirely legal and common. In the UK, you register for Self Assessment to report your self-employed income separately from your employment income. Tax is deducted at source through PAYE on your employed income, and Self Assessment covers the self-employed portion. In the US, your freelance income is reported on Schedule C alongside your W-2 employment income on your Form 1040.

Do I need a business name to register as self-employed?

No. You can register and trade under your own legal name without a separate business name in both the UK and the US. If you want to trade under a different name, such as a studio or agency name, you’ll need to register that separately: as a business name with HMRC in the UK, or as a DBA (Doing Business As) filing in your county or state in the US.

What is a UTR number?

A UTR (Unique Taxpayer Reference) is a ten-digit number issued by HMRC to identify you as a taxpayer in the UK. You receive it after registering for Self Assessment and use it on every tax return you file. It is specific to you and doesn’t change. Keep it safe. If you lose it, you can find it on any HMRC letter or in your online tax account.

What is the difference between an EIN and a UTR?

Both serve as tax identification numbers for self-employed people, but in different countries. A UTR is issued by HMRC in the UK and is used for Self Assessment filings. An EIN (Employer Identification Number) is issued by the IRS in the US and is required for businesses with employees, LLCs, and corporations. A US sole proprietor with no employees can use their Social Security Number in place of an EIN and is not required to get one.

Can I receive payments from international clients into my Grey account as a freelancer?

Yes. Grey provides multi-currency accounts with local banking details in USD, EUR, and GBP. You provide your Grey account details on your invoices to international clients, and they pay as if they're paying a local account in their country. Payments arrive in your Grey balance without SWIFT wire deductions. You hold the balance in the foreign currency and convert when you choose, at a 1% conversion fee capped at $6, with the rate shown before you confirm. This is significantly cheaper than sending international wire transfers through a standard UK or US bank account.

Open a multi-currency account with Grey or download the app.

Last updated:

October 2, 2026

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Monieworld vs Juicyway vs Cleva vs Grey – which is better?

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As digital payment solutions compete to connect countries across currencies by simplifying international payments, choosing an option becomes trickier. So, when Monieworld entered the game in April 2025, the platform expectedly made its mark in simplifying remittances from the UK to Nigeria.

Choosing the right cross-border payment platform can be a game-changer for individuals and businesses who deal with multiple currencies, international clients, or subscription-based services. Monieworld, Juicyway, Cleva and Grey are four widely recommended options for global payments.

This article evaluates these popular platforms across key considerations such as account features, virtual card availability, exchange rates, ease of use, transfer reliability, security, and customer support.

Also read: The best international bank accounts for freelancers and remote workers

Grey

Grey is a fintech platform that provides financial services for individuals and businesses globally. It benefits those who need to manage money across borders and in multiple currencies. It offers services like opening foreign currency accounts, sending and receiving international payments, and providing virtual USD debit cards. It makes it easier for users to receive payments from clients overseas, shop on international websites, and manage finances while travelling.

Features:

  • Multi-currency virtual accounts: USD, GBP, EUR
  • Ideal for freelancers, remote workers, and digital nomads
  • Versatile virtual USD cards for global transactions
  • Transparent fees with fair exchange rates to local currencies
  • Smooth mobile and web interface
  • Easy to set up and swift international transfers.
  • Regulated by FinCEN (USA) and FinTRAC (Canada)
  • Strong KYC/AML enforcement
  • Reliable support via live chat and email

Limitations:

  • Virtual card is only available in USD

Monieworld

Monieworld is an international payment platform recently introduced by Moniepoint Inc. for UK residents. The solution focuses on facilitating remittances from the UK to Nigeria. It simplifies GBP transfers to Nigeria with quick processing and at a competitive conversion rate. Monieworld offers a transparent fee structure with a user-friendly web interface, allowing straightforward transactions.

Unfortunately, Monieworld is currently restricted to UK-to-Nigeria transactions and doesn’t offer a multi-currency account or conversion to other currencies. It also does not provide a dollar card.

Features:

  • Competitive conversion rates
  • Transparent fee structure
  • User-friendly web interface
  • Compliant with UK financial regulations

Limitations:

  • Only supports UK to Nigeria transactions
  • No multi-currency account
  • No USD card available

Juicyway

Juicyway is emerging as a reliable platform for cross-border payments that focuses on connecting Africa with the global economy. The platform is designed to be user-friendly, with a simple app and a streamlined international transaction process. Transactions are processed quickly, and the fees are transparent. Users can set their preferred exchange rate with limit orders, giving them more control over transactions.

Features:

  • User-friendly app for cross-border transactions
  • Transparent fees and quick processing
  • Multi-currency accounts (USD, NGN, CAD, GBP, EUR)
  • Supports USD payments through linked US bank accounts
  • Offers fiat-to-crypto and crypto-to-fiat conversions using real-time rates
  • Seamless and intuitive user experience
  • Supports online and offline payments
  • Instant currency conversion and fast payouts

Limitations:

  • Limited currency support
  • No physical dollar card

Cleva

Cleva is a platform that enables African individuals and businesses to receive international payments in US dollars (USD) and manage their USD accounts. It essentially provides a way for Africans to access banking services, specifically in USD, without needing a US residency or a US bank account. The Cleva Card is a virtual USD card designed to facilitate online purchases and subscriptions, providing a convenient way to spend USD without needing physical cards or a traditional US bank account.

Features

  • Virtual USD account for holding and managing dollars
  • Instant issuance of virtual USD cards suited for online subscriptions and purchases
  • Low fees and competitive rates
  • Accessible via app and web
  • 24/7 account management
  • Fast withdrawals to Nigerian bank accounts
  • Real-time alerts and encryption

Limitations:

  • Only supports USD accounts (no GBP or EUR)
  • No support for receiving funds in other currencies
  • No physical cards available yet

Also read: Best mobile banking apps for freelancers in Africa

Choosing the best international payment solution

Monieworld, Juicyway, Cleva and Grey are remarkable global payment platforms with transparent fee structures and swift processing. However, choosing the best platform depends on your intended use, whether that’s freelancing, international shopping, studying abroad, or running a global business.

Grey is a robust fintech solution that offers competitive rates, fast withdrawals, and value-added tools like invoicing and a virtual dollar card. Unlike many other popular payment tools, Grey allows users to open USD, GBP, and EUR accounts within minutes and supports exchange across multiple currencies.

Sign up today on Grey to enjoy seamless international payments.

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What non-US residents need to open a US bank account at major banks

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2 min read

Owning a US bank account as a non-US resident gives you valuable financial flexibility. Whether you’re managing international business transactions, receiving payments from US clients, avoiding high currency conversion fees, or simply looking to build financial history in the United States, having access to a US bank account can be a smart move.

However, opening a US bank account as a non-resident can be cumbersome and often unsuccessful if you don’t know the proper steps or documents to provide. In this article, we’ll walk you through what you need to open a US bank account at a major bank and introduce you to a more accessible digital alternative for non-residents.

Also read: How non-US Residents can open accounts at Chase, Wells Fargo, and Bank of America

Requirements for opening a US bank account at major banks as a non-US resident

Most traditional US banks, such as Bank of America, Chase, and Wells Fargo, require in-person applications for new accounts, especially for non-residents. These banks typically don’t allow you to open an account online without a US Social Security Number (SSN) or a valid US address. If you’re still determined to open an account at a major bank, you’ll generally need the following:

  • Proof of US address: This is often a non-negotiable requirement. Some banks accept lease agreements, recent utility bills, or official mail addressed to you in the United States.
  • Proof of foreign address: You may also be required to provide a document showing your residential address in your home country, such as a utility bill or bank statement.
  • Valid government-issued ID: A passport is the most widely accepted form of identification. A second form of ID, like a national identity card or foreign driver’s license, may sometimes be required.
  • Tax Identification Number (TIN): An Individual Taxpayer Identification Number (ITIN) may be necessary if you don’t have a US Social Security Number. Some banks may accept a foreign tax identification number, but this varies.
  • Debit or credit card from your home country: This may be used to verify identity or fund your initial deposit.
  • Initial deposit: US banks often require a minimum deposit, ranging from $25 to $500, depending on the institution.

Also read: How to open a Bank of America account as a non-resident (complete guide)

Tips for a smoother application process

Opening a bank account as a non-resident is not impossible, but it requires preparation. Here are some tips to help you navigate the process more effectively:

  • Contact the bank directly: Requirements vary by bank and branch. Call ahead or visit the bank’s website to confirm what documents are needed and whether they accept applications from non-residents.
  • Be prepared for in-person verification: Most major US banks require you to visit a branch in person to complete the account opening process. Remote applications are rarely approved for non-residents.
  • Bring original documents: Copies or scans may not be accepted. Always bring original documents or certified copies when applying in person.
  • Consider international or multi-currency accounts: If opening a traditional US bank account proves too complex, consider alternatives such as multi-currency digital wallets or international banking platforms catering to non-residents.

Opening a U.S. bank account as a non-U.S. resident with Grey

If you’re looking for a more accessible alternative, Grey offers a convenient digital solution. With Grey, non-US residents can open virtual U.S. bank accounts online, without needing a US address, SSN, or in-person appointment.

Grey provides virtual bank accounts in USD, GBP, and EUR, making it ideal for freelancers, remote workers, and digital entrepreneurs who receive payments from foreign clients or platforms like PayPal, Amazon, Shopify, and Upwork.

Once you create a Grey account and complete identity verification, you can request a U.S. account that includes your personal account number and routing number.

You can receive USD payments directly into your Grey account and then convert them to your local currency at competitive exchange rates. The funds can be withdrawn to your local bank account or spent using Grey’s virtual USD card.

Here is how non-US citizens can open a US bank account online

International banking made easy with Grey

While opening a US bank account at a traditional bank as a non-resident is possible, it often involves navigating complex requirements and may require a physical presence in the U.S. If you’re not currently based in the US or prefer a simpler alternative, platforms like Grey offer a modern, borderless way to receive and manage your US earnings.

Sign up on Grey today to obtain a US bank account with ease.

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Earn from TikTok in India without a UK bank account | Grey

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Somewhere in the world right now, there’s a student frantically revising for their exam. After procrastinating over the past few months, they now have 72 hours to learn an entire semester’s worth of content. What’s their plan? Binge-watch a series of crash course TikToks from a witty Indian tutor.

This scenario might sound dramatic, but it happens every day. Indian creators — tutors, dancers, comedians, chefs, fashionistas — are educating and entertaining global audiences through TikTok. The platform has become a powerful space for sharing creativity and making money. And while creators can earn through the TikTok Creator Fund, brand sponsorships, and live gifts, there's a catch: you usually need a UK or US bank account to get paid.

If you're a creator in India, Grey allows you to receive TikTok payments in USD, GBP, or EUR and convert them to INR seamlessly. Here’s everything you need to know.

Also read: How to receive payments from Toptal in India in 2025

How do Indian creators earn money on TikTok?

TikTok has expanded far beyond viral dances and lip-sync videos. It's now a viable income stream for Indian creators across niches. Here are the main ways they get paid:

  • TikTok creator fund: This is TikTok’s in-house monetisation programme. Once you meet the eligibility requirements (age, follower count, engagement), you get paid based on the performance of your videos. It is based on views and interactions.
  • Brand sponsorships: Companies, both local and international, often reach out to creators to promote their products or services. These deals are usually negotiated off the platform and paid out in USD or GBP.
  • Live gifts & tips: During livestreams, fans can send virtual gifts that translate to real money. The more engaging your content, the more support you receive.
  • Affiliate links & product sales: Some creators build thriving businesses by promoting their own products or affiliate links, using TikTok as a powerful funnel.

However, all these payment methods typically rely on international payout systems, and that's where the challenges begin.

Also read: Earn from TikTok in Nigeria without a UK bank account

Why can’t you use a regular Indian bank account for TikTok payments?

Here’s the reality: TikTok’s payment processors don’t support direct INR deposits for most monetisation channels. That means Indian creators must link a US, UK, or EU bank account to access their earnings. This comes with several issues:

  • Limited access: Most Indians can’t open a traditional foreign bank account unless they’re physically present abroad, or go through a lengthy (and expensive) process.
  • High fees: Some workaround services come with painful conversion charges or middlemen that eat into your earnings.
  • Delays: International transfers through traditional banks can take days or even weeks to clear.
  • Rejected payments: If account details don’t match exactly, payments might bounce and recovering them is often a bureaucratic nightmare.

So what’s the best alternative? Let’s talk about Grey.

How can you earn from TikTok in India without a UK bank account?

Grey is a digital banking platform that gives Indian creators free virtual accounts in USD, GBP, or EUR. This makes it easier to receive international payments like a local.

Here’s how it works:

  • Open a free Grey account from India and access a virtual foreign bank account in minutes.
  • Link your Grey USD or GBP account to TikTok or share it with brands for sponsorship payouts.
  • Convert your earnings to INR inside the app at competitive rates.
  • Withdraw your funds to your regular Indian bank account.

You don’t need to jump through hoops, use a VPN, or worry about rejected payments. With Grey, your TikTok income flows just like your content: smoothly.

Also read: How freelancers in India can invoice abroad clients easily

How to set up Grey and start getting paid from TikTok in India

Here’s a step-by-step guide to get started:

Create a Grey account

Visit grey.co or download the Grey app from the App Store or Play Store.

Verify your identity

Upload a valid Indian government-issued ID (like your PAN or Aadhaar card), proof of address, and a selfie for verification.

Open your USD or GBP account

Once verified, you can generate your virtual foreign bank account details instantly — including IBAN/SWIFT codes.

Link to TikTok or brand deals

Enter your Grey USD or GBP account details into the TikTok Creator Fund payout system or share them with brands for direct deposit.

Receive your earnings and convert to INR

When payments land in your Grey account, you can monitor exchange rates and convert your funds to INR with a few taps. Withdraw directly to your Indian bank account.

Why Grey is the best solution for Indian TikTok creators

Still on the fence? Here’s why thousands of remote workers, creators, and freelancers trust Grey:

  • Multiple currencies, one account: Hold and manage USD, EUR, and GBP from one app.
  • No hidden fees: Transparent pricing with excellent currency conversion rates.
  • Fast transfers: Receive and withdraw your money quickly, without the delays of traditional banking.
  • Built for global creators: Whether you’re monetising TikTok, YouTube, Upwork, or selling online, Grey works across platforms.

Also read: How to receive money from UK clients in India

Start earning from TikTok with Grey

As TikTok continues to empower creators globally, Indian talent is leading the charge by teaching, entertaining, and inspiring millions. But what’s the point of creating content that pays if the payment system doesn’t work for you?

You just need a phone, your creativity, and the right payment partner.

Create your Grey account now and start earning from TikTok.

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Cheapest and easiest ways to send USD from the USA to China

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2 min read

Sending US dollars from the United States to China can be tricky. Traditional banks often charge high transfer fees, use poor exchange rates, or take several days to complete transactions. Additionally, China’s strict currency regulations make some payment routes less effective or unavailable.

Digital payment platforms now provide faster, simpler, and more cost-effective ways to send money abroad. Whether you’re paying freelancers, supporting loved ones, or making cross-border business payments, here are the most reliable and affordable methods to send USD from the USA to China.

Read also: The easiest way to receive international payments as a freelancer

Sending USD from the USA to China

The total cost of sending USD internationally depends on multiple factors: transfer fees, currency conversion margins, delivery speed, and recipient payout options. Many services also include hidden charges, so choosing a platform with transparent pricing and favourable rates is crucial.

Here are the most reliable and cost-effective ways to send USD to China:

1. Grey – Affordable and hassle-free USD transfers to China

Grey offers a seamless way to manage international payments with its multi-currency accounts. Users can create and use USD accounts to send and receive funds globally. If your recipient also uses Grey, sending USD becomes instant without relying on slow or expensive intermediary banks.

Why choose Grey:

  • Fast, direct USD transfers
  • Transparent pricing and no hidden fees
  • Multi-currency wallet (USD, GBP, EUR)
  • Virtual USD cards for online payments
  • Smooth interface for both web and mobile
  • Ideal for freelancers, remote workers, and international clients

If both parties use Grey, this is one of the cheapest and fastest ways to send USD from the USA to China.

Learn how to open a USD account on Grey.

2. Wise

Wise offers low-cost and transparent currency conversion with no hidden markups. You can transfer USD to China, typically through UnionPay-enabled bank accounts, AliPay, and WeChat. However, users might need to convert to CNY first.

3. Remitly

Remitly supports transfers from the USA to China via bank deposits or mobile wallet options to Alipay and WeChat accounts. It offers two modes: Express (fast, with higher fees) and Economy (slower, lower cost). It’s a convenient option for those prioritising flexibility and speed.

4. WorldRemit

WorldRemit provides a secure platform for sending USD to China through bank deposits or mobile wallets. It’s easy to use and supports various currencies and payout options**.** It has a simple interface, multiple delivery methods and competitive fees

5. Western Union – Cash pickup in USD

Western Union is a longstanding player in international money transfers. It’s one of the few platforms that allows recipients in China to collect USD in cash, especially in major cities. However, they charge higher fees and poor exchange rates. It might also be less convenient for people who prefer digital options.

Also read: Fastest way to receive USD freelance payments in China

Affordable international payment with Grey

Grey offers transparent pricing, USD transfers, and a user-friendly experience when sending money from the US to China. You can easily open a USD account, send money to another Grey user in China, or use the platform to manage cross-border payments. With no surprise fees and fast transaction times, it’s one of the most affordable ways to send money globally.

Whether you’re paying for services in China, managing freelance payments, or supporting family, Grey makes the process simple and stress-free.

Sign up on Grey today and enjoy seamless, cost-effective USD transfers from the USA to China.

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Cheapest way to send USD from India to China

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2 min read

India and China are two countries in close proximity. However, this doesn’t necessarily make it easier to send US dollars across their borders. Traditional banks often charge high fees, offer poor exchange rates, and take several days to process USD transactions.

Fortunately, new digital payment platforms have made international money transfers faster, cheaper, and more transparent. Whether you’re paying for goods, supporting a student, or making business payments, this guide outlines the most affordable ways to send USD from India to China.

Also read: How freelancers in India can invoice abroad clients easily

Things to consider before sending USD

Before choosing a transfer method, keep in mind the following:

  • Total cost (fees, exchange rate margins, and hidden charges)
  • Transfer speed
  • Delivery method (bank deposit, digital wallet, etc.)
  • Compliance with Indian regulations under FEMA and RBI
  • Recipient preferences in China (USD vs CNY)

Sending USD from India to China

Now, let’s explore various options for sending USD from India to China.

1. Grey – The affordable way of sending USD from India to China

Grey is a reputable fintech solution that offers multi-currency wallets, including USD, GBP, and EUR. You can directly deposit Indian rupees (INR) into your Grey account and have it automatically converted to USD at the best exchange rates. Once your USD account is funded, you can send it to the recipient. If the recipient in China also uses Grey, transfers can be done instantly at no cost. Grey remains a cost-effective international payment solution because there are no hidden fees or intermediary bank charges.

You may also like: How to open US, UK and Euro bank accounts in India

2. Wise

Wise is another affordable way to send USD from India to China. The emerging global payment platform allows users to transfer USD from their Wise account in India to a recipient’s USD bank account in China.

3. Payoneer

Payoneer is widely used for B2B and freelancer payments. If you or your business already uses Payoneer, you can transfer USD to another Payoneer user or link it to their bank account in China. It is a business-friendly platform that simplifies USD payments. It works well for service payments, imports, and remote team payrolls. Onboarding can, however, take time for new users.

4. SWIFT

Traditional Indian banks can wire USD to China via the SWIFT network. However, this is usually the most expensive and time-consuming option. It could take up to 5 business days to complete the transactions. It is better recommended for large-volume transactions or if your recipient requires a direct bank-to-bank SWIFT transaction.

Also read: How to get paid by Amazon in India with Grey

Making international payments with Grey

The cheapest way to send USD from India to China depends on how both the sender and recipient manage their money. Grey remains a reliable and affordable international payment option for sending USD from India to China. You can fund your account with INR and convert to USD at the best rates and hassle-free.

Sign up on Grey today to enjoy seamless international transactions.

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How to receive money from UK clients in Egypt

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2 min read

Egypt is a fast-growing marketplace for global talent, driven by strong educational institutions, a large youth population and favourable startup policies. Clients worldwide are hiring Egyptian talents for remote and freelance roles across various industries.

This growth has also led to the demand for a secure, reliable, and fast payment system that allows Egyptians to receive payments from their clients in the UK.

In this article, we will discuss common payment challenges Egyptian freelancers face when handling international payments and why Grey is the best platform for handling international payments.

Common payment challenges for freelancers in Egypt

Freelancers in Egypt frequently face obstacles when receiving payments from the UK, such as:

  • Expensive transaction fees: Traditional bank transfers and international payment platforms charge substantial fees.
  • Lengthy processing times: Payments can take several days to appear in local accounts.
  • Unfavourable exchange rates: Many providers offer poor conversion rates, cutting your earnings.
  • Limited withdrawal options: Some services restrict fund withdrawals, making access inconvenient.

To resolve these issues, freelancers in Egypt need a quick, cost-effective, and flexible payment system.

Also read: How freelancers in Egypt can invoice clients from overseas countries

Why Grey is the ideal payment solution for freelancers in Egypt

Grey simplifies international payments for freelancers by providing:

  • Virtual international bank accounts: Accept payments in USD, GBP, and EUR without needing a foreign bank account.
  • Faster processing times: Payments are credited quickly, reducing delays.
  • Competitive exchange rates: Convert funds to the best available market rates.
  • Multiple withdrawal methods: Easily transfer funds to your Egyptian Pound (EGP).

Also read: Secure ways to receive international payments in Egypt

How to receive client payments using Grey

Grey equips freelancers in Egypt with virtual USD, GBP, and EUR accounts, making it easy to receive payments from international clients. Here’s how you can get started:

1. Register and obtain your Grey international account

Sign up for a free account via the website or the Grey app. Complete verification to access your virtual GBP account.

2. Provide your account details to clients

Once you receive your Grey virtual GBP bank details, share your account details with your clients for seamless transactions.

3. Receive payments securely and swiftly

International payments are credited quickly to your Grey account, avoiding unnecessary delays.

Also read: Best places to visit in Egypt for summer holidays

Start receiving payments from UK clients with Grey today

If you’re a freelancer in Egypt seeking a reliable, fast, and cost-effective way to receive payments from the  UK, Grey is the ideal solution. You can avoid banking delays and high transaction fees with a GBP virtual account.

Sign up for Grey today and simplify your international payments.

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