Opening a Foreign Bank Account: The Complete Guide

Opening a Foreign Bank Account: The Complete Guide

This is the most complete guide to opening a Foreign Bank Account ever. From this guide, you will be able to send and receive money in foreign countries like the UK, US, and other African countries.

With foreign transactions getting harder day by day, it’s very important to have a foreign bank account. Many users (including me) found this extremely useful.

How can you create one? This guide will answer that big question.

About The Author

In 2018, I tried my first craft. I found it very easy to pay with my Nigerian card. But now Nigerians find it extremely hard to do so or even receive payments.

Chapter 1: Getting Started Creating A Foreign Account

You can’t just say you have a foreign bank account. You need to follow the process! If you don’t do it well 😭 you will cry. You will make hard choices.

  • Open Offline: Requires strict documentation: two forms of ID, initial deposit, bank reference, employment contract, proof of address, and credit history report. Learn more.
  • Open in First Bank: If you have a naira account, they can automatically create your foreign dollar account. First Bank Diaspora Account.
  • Open with Eversend: Easier online option. Download Eversend.
  • Open with Grey: Another online option. Grey Guide.

In summary, you can open online or offline depending on your situation.

Chapter 2: Opening Your Account With Eversend

  1. Download the Eversend App.
  2. Register with your email address.
  3. Set a password and PIN.
  4. Enable location services on your phone.

Chapter 3: How To Easily Get Verified On Eversend

Verification requires your NIN, Voter’s ID, Driver’s License, or International Passport. Follow these steps:

  • Use a plastic NIN card for clarity.
  • Ensure your address matches your bank account records.
  • Take a clear photo of your ID in good lighting.
  • Record a verification video as instructed.

Verification Guide

Chapter 4: How To Get A USD Virtual Card On Eversend

  • Create a Naira account and fund your NGN wallet.
  • Choose a non-recurring card to avoid maintenance fees.
  • Always keep funds in your wallet to avoid penalties.
  • Fund your USD wallet and exchange currencies at real market prices.

Chapter 5: How To Get A US Account

Once verified, you can create a US account directly from your dashboard:

  • Account creation takes about a day.
  • Charges: $5 for receiving and sending payments.
  • Verification and funding are essential steps.

Conclusion

From this guide, you’ve learned the basics of creating an online US bank account:

  • Verification is the key to access.
  • Funding your wallet is pivotal.
  • Avoid unnecessary fees.
  • Keep your app updated and location enabled.

Grey Referral Code: 23OEOZ