We’ve got great news! You can now create virtual USD foreign accounts on Grey!

At Grey, we want you to have seamless international transactions, and send and receive money from anywhere in the world with ease. But we also understand that safety & security are essential to our users. Therefore, we have taken a thoughtful and careful approach to issuing these accounts. When you apply for a USD bank account with Grey, our team will carefully review your application to ensure that it aligns with our terms of use.

This may be a different process than what you are used to, but please know that it is all part of our commitment to prioritizing your financial security. Doing so guarantees that we are offering you the best possible experience through our valued partners.

Please remember that requesting a USD account does not guarantee immediate approval; we are dedicated to maintaining the highest security standards. In some cases, we may need to delay approval if we identify a higher level of risk based on our existing criteria.

At Grey, we are continuously refining our standards to serve you better. We appreciate your trust and patience as we strive to deliver the best financial experience possible.

We will keep offering competitive rates to make it possible for you to complete your transactions and convert your USD to NGN seamlessly.

Now, we’ll briefly walk you through how to create a virtual USD account on Grey:

How to create a virtual USD Account

If you have already created a Grey account and have created a EUR or GBP account, you only need to request a USD account. There is no need to submit any additional information; we will notify you via email once your account is processed.

However, if you are new to Grey, the process is straightforward:

1. Sign up for a Grey account - this should only take a couple of minutes. We have written a guide to help you successfully create an account.
2. Complete your KYC - Know Your Customer (KYC) helps us verify your identity and protect your account.
3. Request for a USD account - On your dashboard, click on “Get your IBAN”. You will be re-directed to the virtual accounts screen, where you’ll select “United States Dollar Account”. Here, you will upload your identification to help process your account creation. Once this request is submitted, we will create your virtual account within three days. Then, you will be able to send and receive money with your new USD account.

Read more: What is Virtual Banking?

Advantages of Opening a Virtual USD Account on Grey

Opening a USD account on Grey comes with several benefits:

• Simple and Straightforward: We have ensured that the virtual account creation process is seamless. This way, you don’t need to fill endless forms to own a USD account.
• On-the-go Access: A significant advantage of a virtual USD account is that you can set it up from any of your devices (including your smartphone). There is no need to visit a physical location.
• 24-hour banking: Due to the digital nature of virtual accounts, this means you are not restricted by office hours to use certain services on your account.
• Cheaper Transfers: On Grey, we cut out unnecessary fees that traditional banks and money transfer agents charge, thus making your transactions more affordable.

You can start enjoying the benefits of having a USD account right away and put the troubles of international money transfers behind you.

Open A Virtual USD Account Now