Freedom251 › Money Transfer Apps
Grey
by Grey
What Grey is
Grey is a financial technology service for receiving, sending, exchanging, and managing multiple currencies in one app. It serves remote workers, digital nomads, freelancers, and other global professionals, with Android, iOS, web, and API access. Users can open a free foreign bank account without a minimum deposit, receive payments from Deel, Upwork, Fiverr, and Amazon, and withdraw funds to a local account. Account tools include statements, proof of account, payment invoices, and instant transaction notifications. Bank transfers are described as instant; Grey displays fees upfront, uses an exchange-rate markup, and provides transfer tracking. Grey Business supports CSV bulk payouts to local bank accounts and mobile money in more than 170 countries, plus APIs for finance-stack integrations. It supports USDC deposits and payouts through BEP20 and Solana. Virtual cards work with Apple Pay, Google Pay, and Visa merchants; non-USD card payments incur conversion fees. Grey describes two-factor authentication, session controls, and 3D Secure verification.
Who it suits
Grey suits global professionals who receive or send money across currencies, including remote workers, digital nomads, freelancers, and individuals. Grey Business is aimed at organisations needing bulk payouts or API automation.
What it does well
- Free foreign account with no minimum deposit
- Instant bank transfers and transaction notifications
- Bulk payouts in more than 170 countries
- APIs for payout automation
- Virtual cards support Apple Pay and Google Pay
What to know first
- Exchange-rate markup applies
- Non-USD card payments incur conversion fees
- Virtual card creation costs $5, paid once
- Grey is not a bank
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Grey virtual card | One-time fee to create a virtual card; no monthly charges after that. · Requires at least $5 in USD balance or equivalent in another currency | $5, paid once |
As grey.co lists them, read 8 Oct 2026. The maker's own page has the final word.
Verdict
Grey combines multi-currency accounts, transfers, business payouts, APIs, and virtual cards across mobile and web platforms. Users should account for exchange-rate markups, non-USD card conversion fees, and banking services provided by licensed partners.
Facts from Grey's own pages
- Account features
- Foreign accounts include account statements, proof of account, payment invoices, instant transaction notifications, and withdrawals to a local account. · grey.co, 8 Oct 2026
- Business API
- Grey Business offers APIs to automate payouts and integrate Grey into a finance stack. · grey.co, 8 Oct 2026
- Business onboarding
- Grey Business requires KYB documents, and its FAQ says account setup typically takes 1–3 business days after KYB verification. · grey.co, 8 Oct 2026
- Business payouts
- Grey Business supports CSV bulk payouts to local bank accounts and mobile money in more than 170 countries. · grey.co, 8 Oct 2026
- Card limit
- Grey states that card payments in non-USD currencies incur currency conversion fees. · grey.co, 8 Oct 2026
- Exchange-rate model
- markup · support.grey.co, 22 Sept 2026
- Upfront fee display
- Yes · support.grey.co, 22 Sept 2026
- Foreign accounts
- Users can open a free foreign bank account with no minimum deposit and receive payments from platforms including Deel, Upwork, Fiverr, and Amazon. · grey.co, 8 Oct 2026
- Founded
- 2020 · grey.co, 28 Sept 2026
- Free plan
- Yes · support.grey.co, 22 Sept 2026
- Headquarters
- Middletown, Delaware, United States · grey.co, 28 Sept 2026
- Mobile platforms
- both · support.grey.co, 22 Sept 2026
- Recipient methods
- bank · support.grey.co, 22 Sept 2026
- Regulation and banking
- Grey says it is a financial technology company, not a bank, and that banking services are provided by licensed banking partners; its Canadian and US entities are regulated by FINTRAC and FinCEN, respectively. · grey.co, 8 Oct 2026
- Security
- Grey describes two-factor authentication, session controls, and 3D Secure transaction verification as security features. · grey.co, 8 Oct 2026
- Paid from
- 0.45 · support.grey.co, 22 Sept 2026
- Support
- Grey lists [email protected] as a contact and links to its help center and FAQ. · grey.co, 8 Oct 2026
- Transfer speed
- instant · support.grey.co, 22 Sept 2026
- Transfer tracking
- Yes · support.grey.co, 22 Sept 2026
- USDC
- Grey Business supports USDC deposits and payouts through BEP20 and Solana. · grey.co, 8 Oct 2026
- Virtual cards
- Grey virtual cards can be added to Apple Pay or Google Pay and used at Visa merchants online, in apps, and in physical stores. · grey.co, 8 Oct 2026
- What it does
- Grey lets users receive, send, exchange, and manage multiple currencies in one app. · grey.co, 8 Oct 2026
- Who it is for
- Grey says it serves global professionals including remote workers, digital nomads, freelancers, and individuals. · grey.co, 8 Oct 2026
Where Grey stands on Freedom251
- Money Transfer Apps#22 of 81