Comparing Grey and GeegPay: Which Card Company Comes Out On Top?

In today's global marketplace, having access to a versatile financial card is essential. With the increasing demand for seamless international transactions, card companies like Grey and GeegPay are entering the scene to offer potential solutions. I had the opportunity to try out both companies, and here's a comprehensive comparison based on my findings.

Grey and Geegpay

Grey: Quick, Efficient, But With A Price


  1. Swift KYC: Grey's Know Your Customer (KYC) process is commendably fast. For those looking to get started immediately, this is a major plus.
  2. Immediate Card Funding: Once you're all set up, adding funds to your Grey card is instant.
  3. Real-time Balance: You can track your expenditures in real time, ensuring you always know exactly how much you've spent and what you have left.


  1. Delayed Naira Deposit Recognition: There can be a significant delay before your naira deposit reflects in your account.
  2. Foreign Account Restrictions: Grey doesn't issue foreign accounts by default. You have to wait for an invite to their beta program to get this privilege.
  3. Charges: A $4 fee for Mastercard creation plus a $1 compulsory deposit (a total of $5) is a bit steep for some. Additionally, they levy a 1% charge on naira to USD swaps and card funding.

GeegPay: Affordable and Inclusive, But Some Delays


  1. USD Account By Default: Unlike Grey, GeegPay offers a USD account either by default or upon request. This feature eliminates the need for an exclusive invitation or waiting period.
  2. No Swap Charges: GeegPay doesn't charge any fees on naira swaps, which can result in savings in the long run.
  3. Variety of Cards: They offer both Mastercard and Visa cards, with the latter being slightly cheaper at a $2 fee.


Read also : Yuan/Naira Currency Swap.

  1. Delayed Naira Deposit and Card Balance Updates: Just like Grey, GeegPay also has a delay in recording naira deposits. Additionally, the card balance isn't updated in real time and might take some time to reflect, which can be inconvenient for users trying to keep track of their spending.
  2. Card Funding Isn't Instant: You might have to wait a bit before your funds are accessible on your card.


Both Grey and GeegPay bring unique advantages to the table. Grey's strengths lie in its real-time balance updates and quick card funding, making it a potential choice for those who value speed and efficiency. GeegPay, on the other hand, offers the benefit of affordable card options and no swap charges.

The best choice ultimately depends on individual preferences and priorities. If real-time tracking and quick card funding are essential for you, Grey might be the better option. However, if you're looking for a budget-friendly choice with a USD account feature and no swap charges, GeegPay could be your go-to.

As always, it's essential to consider all the features and fees of any financial product before making a decision. Remember to do your due diligence and pick the card company that aligns best with your needs.

If this blog post helped you in making your decison, you may want to use my Grey referral code when signing up : OQ0GEY

Read also : Apply for American Jobs with Visa Sponsorship to Work & Live Permanently.