₦airaland Forum

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All for the soul of Nigeria.

JohnnA1:
Can I use Grey US account to withdraw from Afternic? (Wire or ACH)

Answer in page 2801

Sapiosexuality:
Nice one. This is great. But I'm wondering why they are using dot co. Do they have an app?

Possibly because that was the only available extension to register their company name, Grey. As for the app, I haven't seen it yet on the app store.

SKhanmi:
Nicely explained, Still curious about the wire transfer fee to a grey account, it's still $26 right?

1% fee on payment made into Great Britain Pound (GBP) bank account.

ikhalyfah:
Please to receive fund from afternic using the GBP account, all I need to do is submit my acct, swift, IBAN etc right? Then select country as UK?

For a GBP bank account, when submitting payment details entry on Afternic, fill in your names, phone number, and the GBP bank address provided by Grey.

Page 1
Use the address that comes with the GBP bank account,
Country: Select United Kingdom

Page 2
Choose eCheck/localbank transfer/SEPA

GBP bank account is a checking account

Page 3
Same address on page 1

See screenshot below

TheStakeHolder:
Thanks a lot Mr Paddy.

Creating a Grey account is very simple. To verify it, you need to submit your International passport, Driver's license, National ID or NIMC slip (Go to NIMC center near you to print a coloured NIMC slip), and your proof of address (power bill, water bill, phone bill, or bank statement). Once your account is approved, you can apply for US, UK and Euro bank accounts.

TheStakeHolder:
Please help throw more light on how to convert Grey bank account to Naira at black market rate and cash through local banks. Thank you.

To convert to naira, you need to add your Nigerian Bank account, and follow a simple screen instruction to convert your funds from dollar, pound or euro to Naira, and transfer same to the naira bank account for a fiat withdrawal.

Converting from foreign currency to naira means Grey is buying from you, to give you the naira equivalent which you can withdraw.

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U1:
I don't know if Wise offers ACH-receiving accounts like Payoneer. If it does, there's a workaround.

You simply need to connect with Afternic support and request to be allowed to receive payments via ACH. The option can be enabled for you if they want to.

Wise offers US bank account and ACH routing numbers to receive payment from online marketplaces. Also, Afternic has already enabled the option of adding a US bank account and ACH routing numbers. However, adding a US bank account requires filling Tax Forms (Substitute Form W9), Social Security Number (SSN) or Employer Identification Number (EIN). For a non-US resident, this is a tall order. The best option is to obtain a UK bank account from Wise and add to Afternic to receive payment. With a UK address, applicant is a non-US resident with no Substitute Form W9 requirements.

Apart from Wise, you can also sign up for a domiciliary account (UK, US and Euro bank accounts) on Grey
With Grey bank account, you can convert you funds into Naira at black market rate, and cash out through your local bank account.

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Heyzee5:
Pls I have a Wise US account but, will afternic release funds to the account given that I am not a US resident and I have my nationality as Nigerian on my Afternic profile?

Adding a US bank account by Wise on Afternic means you will select USA as your country since that is the address Wise gives. At stage 4, you will have to submit US tax info and SSN (if I'm not mistaken. You can crosscheck). Not sure you can get through this stage. I will suggest you generate UK Bank account, £, on Wise, and link same to your Afternic. Use the address provided by Wise, and choose your country as UK. It's very simple to link it since your option at stage 4 will be a non-US resident.