Reviews

Grey.Co Review (Login, Payment, F.A.Q)

Published on March 23, 2023

Grey.co is an online platform for every form of international (cross-border) transactions from currency exchange, to getting paid, to receiving and sending payments etc. Formerly known as aboki African, this platform also serves as a means for Nigerians to open international bank accounts, to fund their transactions in any part of the world.

You can convert the following currencies on this platform:

Naira(NGN)

Dollar( USD)

Pounds (GBP)

Euro(EUR)

Table of Contents

How to Register/SignUp for Grey.co

Create an account with Grey.co by following this steps:

Visit https://app.grey.co/auth/register

♠ Provide your personal information and click on create account

♠ Proceed to verify your email.

♠ Verify your Grey.co account with a valid means of identification (Preferably NIN)

♠ Immediately your account has been verified, go ahead and request for a virtual account (USA, GBP or EUR)

Using Grey.co

Grey.co can be used with other digital financial services like:

Link your grey.co account to your PayPal, and Payoneer account, by adding your bank name, account name, account number, routing number, account type, Bank country, currency, and sort code, and enjoy a high exchange rate.

PayPal

Payoneer

How to Login on grey.co

Visit http://www.grey.co

Click on sign in

Proceed to enter your email address and password and click on login.

Creating a Virtual account on grey.co

When you successfully create and log in to your grey.co

On your grey.co homepage, select main menu

Click on virtual account (select either Pounds, Dollars, or Euro)

Proceed to click on request account.

Withdrawing from Grey.co

You can withdraw money in any currency from your grey.co virtual account to:

Your local bank account

Your PayPal account

Your Payoneer accout

Withdrawing from grey.co

Withdrawing from grey.co to your bank account is very easy and can be done in less than 3 minutes, following these steps:

Choose the currency you want to withdraw (NGN, USD,EUR, GBP)

Input your bank account details, and click on withdraw

Within a couple minutes, your money will be in your account.

Funding your grey.co account from your Payoneer account

Open your virtual foreign account

Add your grey.co account to your Payoneer account and withdraw from your Payoneer account to your grey.ci account

Grey.co App Download

Grey.co does not have a mobile device App for now, but they are cooking up something. You can visit their official website page here to get started

Grey.co fees

Grey.co charges a particular amount as commission for every successful transaction you make. These charges includes:

Deposit fees: This is the charge for depositing funds into your virtual through foreign transfer. This is divided into 3 categories

Bank transfer fees: Bank transfer fee is 1% of the receiving amount.

Card fees: This card fee depends on the type of card. International cards attracts a fee of 3.8% of your transaction amount, while local cards attracts 1.4%

Swap fees: This fee is charged for the maintenance of your trading account and its 1% of the currency you are converting to.

Withdrawal fees: This is the charge for sending funds from your virtual account to other accounts. This fee depends on the Currency type.

It costs #35 to send money in Naira from your virtual account to your local bank account

It costs 0.5% of your transaction amount for other currencies.

The minimum amount to withdraw is $5 for USD, €10 for EUR, and £10 for GBP

Grey.co exchange rate

Grey.co charges 1% of your transaction amount in the currency you are converting to.

Grey.co Virtual Card

This is a virtual card you are given immediately you get your virtual account.

Grey.co alternatives

Aside grey.co, there are other platforms that offers virtual foreign account to Nigerians and Africans. Some of them include:

Wise (Formerly Transferwise)

Payday

Payoneer

Leather bag

Switch (By sterling bank)

Skrill

Flutterwave

Afriex and lots more

FAQ’s about Grey.co

1.Is grey.co safe and legit?

Grey.co has been around for almost 12 years (2010) as aboki African and they are licensed by the central bank of Nigeria(CBN). Click here to read more.

2.How does Grey.co works?

Grey.co allows you to transfer and receive money from anywhere in the world through their account, by allowing you create a foreign bank account and getting an International Bank Account Number (IBAN).

3.Who are the founders of grey.co?

Grey.co was co-founded by Joseph Femi Aghedo and Idorenyin Obong.

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