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

In our recent pre-seed announcement, we stated that we planned on expanding the services we offer. We have delivered swiftly on one of those - USD virtual accounts.

At Grey, we want you to have seamless international transactions and send and receive money from anywhere in the world with ease. With the addition of USD accounts, you can now send and receive money from the United Kingdom, countries in Europe, and the United States directly to your Grey account.

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