Grey offers Africans foreign (USD, EUR, GBP) accounts. Users can receive their salaries or other payments from foreign companies or individuals using these foreign accounts. They can also keep their money in a foreign currency (such as the US dollar) or convert it to their home currency.

The traditional method of converting currency is to make physical contact with a third party or to wait in long lines at a local Bureau De Change (BDC). Inflationary rates, limited active business hours, in iquitousness, proximity, and the risk of being swindled if you unknowingly transact with the wrong people are all issues with third parties.

Grey is a platform that provides digital foreign accounts for Africans, which allow individuals/businesses to receive money from abroad instantly with virtual IBANs and virtual account details. Grey allow retail FX buyers and sellers to swap currencies and receive payments immediately at the best rates you can find.

They provide a digital wallet system that safely allows customers to top up their wallet in multiple currencies.

Grey is highly secured and safe, and their platform is user-friendly and easy to use.

They tend to take away the stress; by relieving you of the hassles associated with cross-border payments and foreign exchange. Customers can make foreign exchanges, send and receive cross-borders on the go and from the comfort of their homes with zero hidden charges.

Step 1

Log on to grey.co

Click on Get Started ( You’ll be redirected to the sign up page)

Step 2

You will be required to complete the form on the sign up page: Where you will fill in your first name, last name, phone number. email address and password. (Ensure to use a strong password)

• Click on “Create your account
• A verification mail; is sent to the email you provided once you have successfully created an account.

• Kindly log in to your email address to access the mail Grey sent to you.

NOTE: If you didn’t receive a verification mail from Grey, click the resend verification link, the email would be resent to you.

• Log in to your mail and click on “verify email”

You would be redirected to the sign-in page with a successful notification.

• Sign in to access your account.

You have successfully verified your email; next up is verifying your identity.

After successfully creating your account and verifying your email, you’ll need to verify your identity. Before you can make a transaction on Grey, it is expected that you must have completed your KYC to checkmate fraud.

This can be done using a government-issued ID (driver’s license, national ID card, or International passport).

Below is a step by step guide to completing your KYC verification:

• Sign in to your account after you have verified your email.

• On the home page, click on the “Complete verification” button.
• You’ll be redirected to the KYC verification page.
• Fill in your date of birth, document type, and country of issue.
• Upload a copy of a government-issued ID(driver’s license, national ID card, or International passport). Ensure all details on your ID are clear and legible.
• Click “Continue”

GREY RULES FOR SELFIE UPLOAD

• Take the selfie in a well light room.

• Hold the document next to your face.

• Ensure that both your face and ID are clear on the selfie, Nothing on the ID should be covered or censored.

• Ensure you allow camera access on your device to be able to take a picture, Click on “Capture Selfie” and then “Submit’

You’ll be redirected to a successful page.

Account creation is quick and simple.

It only takes a few minutes to set up your account.

Instant Account Access

The verification process takes only a few minutes. You can log into your account at any time. Make international payments, fund transfers, and currency conversions.

Fees for international payments and transfers are low.

Foreign exchange fees are lower with virtual bank accounts than with traditional bank accounts.

Virtual banks charge a fraction of the cost of traditional banks for international transfers, and in some cases, no fee at all, making them a popular option for individuals and businesses who frequently need to receive funds from abroad.

Virtual IBANs (International Bank Account Numbers) are fictitious account numbers provided by Grey that enable you to conduct cross-border transactions with ease.

Virtual IBANs are used to send and receive payments all over the world, allowing businesses and individuals to reach out to a global audience. They serve the same purpose as a standard IBAN in terms of sending and receiving payments and transferring funds.

Austria, Belgium, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark

Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and united kingdom

EUR and GBP transfers usually take 1-3 business days to complete. Within this time frame, the recipient is expected to receive their funds.

Note:

Because payments are sent during banking hours, transfers initiated after 3 p.m. (WAT) are treated as next-day transactions.

If the country/bank you’re sending to is closed for a national holiday, there may be delays. We/banks may also conduct security checks and additional verifications, which may cause the estimated timelines to lengthen.

EUR/GBP – Sending these currencies from your balance incurs a 0.5 percent fee with a minimum of 10 EUR or 10 GBP.

There are also fees associated with the payment method used to deposit the funds you wish to send, as well as currency conversions.

Currency trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content or data on our Site is meant to be a solicitation or offer.

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