• How GrabrFi simplifies dollar payments and U.S. banking for Nigerians

    How GrabrFi simplifies dollar payments and U.S. banking for Nigerians
    Source: TechCabal

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    An increasing number of Nigerians are getting hired by companies and clients abroad. Remote jobs, freelancing platforms, and the creator economy are creating new paths to prosperity, but one of the major challenges Nigerians face is access to dollar accounts to receive payments easily. GrabrFi, a fintech platform designed to enable Nigerians to fully participate in the global economy, is poised to change that. 

    GrabrFi enables Nigerians to open a U.S. checking account from the comfort of their own home, receive payments in USD, save securely in dollars, and spend internationally with ease, all without requiring U.S. residency.

    This is a major step up compared to traditional banks, which often impose high fees, require cumbersome paperwork, or force unfavourable exchange rates that take bites at people’s hard-earned income. On top of that, saving in naira exposes earnings to the harsh realities of currency depreciation, limiting long-term financial security.

    GrabrFi is entering a highly competitive remittance market, but they set themselves apart with a customer-first mindset and zero hidden fees. With GrabrFi, all you need is your Nigerian ID to set up a U.S. bank account in your name in minutes. 

    Once set up, receiving international payments becomes seamless. GrabrFi allows you to get paid by clients, platforms, and employers via ACH, wire, or SWIFT. Whether it’s earnings from Upwork, Deel, Wise, PayPal, or Airbnb, your funds can land directly in your GrabrFi account without hidden fees eroding your income.

    With GrabrFi’s virtual or physical Mastercard debit card accepted globally, you can shop online, pay for services abroad, or manage international subscriptions with ease.

    GrabrFi also offers a feature that allows customers to top up their GrabrFi dollar account by simply sending Naira from their Nigerian bank account. Additionally, customers can easily withdraw payments from their GrabrFi accounts directly to their Naira accounts.

    The company operates in partnership with Regent Bank, a U.S. financial institution that is a Member of the Federal Deposit Insurance Corporation (FDIC). This means GrabrFi’s services are anchored in the U.S. banking system and subject to strict regulatory oversight. This way, Regent Bank regularly reviews GrabrFi’s products, processes, and content to ensure full compliance with U.S. financial laws and regulations.

    Backed by top Silicon Valley and European investors, and with over nine years of experience through its parent company Grabr, GrabrFi provides Nigerians with secure, compliant access to the U.S. banking system, giving peace of mind to global earners.