Africa is a continent of rich diversity and economic resilience. With about 1.4 billion people across over 50 countries, it is home to some of the world’s most hardworking professionals. Digital payments, freelancing, and remote work are rising, opening doors for these professionals to work with clients across different countries.

However, one of the biggest challenges for entrepreneurs and freelancers in Africa is withdrawing USD payments affordably and efficiently.

Africa has over 40 different currencies, with varying exchange rates and levels of stability. This makes holding and converting USD especially important for freelancers and remote workers looking to maximize their earnings. Unfortunately, traditional banks and money transfer services often have high fees, poor conversion rates, and long wait times.

A simple solution is Grey. It allows freelancers and entrepreneurs to easily receive, hold, convert, and withdraw USD at the best rates.

Also read: How South African freelancers can receive payments from the US, UK & EU clients

The challenges with withdrawing USD in Africa

Freelancers, business owners, and remote workers across Africa face several roadblocks when it comes to withdrawing USD, including:

• Limited access to USD accounts: Many African banks don’t offer USD accounts or require high minimum balances.
• Expensive currency conversions: Poor exchange rates and hidden bank fees eat into earnings.
• Slow transaction speeds: Bank transfers can take days to clear.
• Restrictions on international transfers: Some banks place limits on USD withdrawals and international transactions.

How to open a USD account with Grey

With Grey, freelancers in Africa can receive, hold, and withdraw USD without unnecessary delays or high fees. Here’s how to get started:

1. Sign up for Grey

Creating an account with Grey is quick and easy. You’ll require only a few personal details. Here’s how to get started:

• Visit grey.co: On your browser, enter grey.co and click “Get started – it’s free.” You can also download the app.

• 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 account

Once your identity is verified, you can access your bank account.

• Log in to your Grey account.
• Navigate to the “Accounts” section and select “Create Account.”
• Choose the currency (USD).
• Your global bank account details, including your account number and routing number, will be generated instantly.

Also read: How freelancers in Egypt can receive payments from US, UK & EU clients

How to withdraw USD payments easily with Grey

Once your earnings are in your Grey USD account, you can withdraw easily.

• Log in to your Grey account.
• Navigate to “Withdraw” and select your local bank account.
• Convert USD to your local currency at competitive exchange rates.
• Confirm your transaction and receive funds in your local account within minutes.

Also read: How freelancers in Nigeria can receive payments from US, UK & EU clients

Why Grey is the best option for freelancers in Africa

Here are major reasons Grey is the best online bank for freelancers in Africa:

• No hidden fees – Transparent pricing so you keep more of your earnings.
• Fast international transfers – Receive and send money globally without delays.
• Hold multiple currencies – Manage your finances in USD, GBP, or EUR without forced conversions.
• Global access – Manage your money anytime, anywhere with Grey.
• Direct withdrawals – Transfer funds seamlessly to your local bank account.

Simplify banking across borders with Grey

Receiving USD payments doesn’t have to be complicated. With Grey, you can open a foreign bank account and accept payments seamlessly.

Create your Grey account today or download the app to enjoy inclusive global banking, designed for you to carry your dreams across borders.

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