How to Create a USD Receiving Account from the Philippines Without an Initial Deposit

Why a USD Account is Essential for Freelancers and Remote Workers
If you're a Filipino freelancer or remote worker, getting paid in USD is the best way to maximize your earnings. However, most Philippine banks require a high initial deposit and maintaining balance to open a USD account—making it difficult for freelancers and online workers to manage their payments efficiently.
Fortunately, there’s a better alternative: Opening a USD account with no initial deposit using Parallax.
Challenges of Traditional USD Accounts in the Philippines
Many local banks offer USD accounts, but they come with limitations:
❌ High initial deposit (e.g., $500 or more in some banks)
❌ Monthly maintaining balance required
❌ Slow processing times for international transfers
❌ Expensive withdrawal and conversion fees
Freelancers and remote workers need a hassle-free solution to receive USD without the burden of maintaining large balances.
The Best Solution: Open a USD Receiving Account with Parallax (No Initial Deposit Required!)
Why Choose Parallax?
✔ No initial deposit required to open a USD account.
✔ No maintaining balance—keep as much or as little as you need.
✔ Receive USD from clients globally via ACH, wire, and card payments.
✔ Withdraw to local banks, GCash, Maya, or even stablecoins like USDT and USDC.
✔ Better exchange rates compared to traditional banks and PayPal.
How to Set Up Your USD Account in Minutes
1️⃣ Sign up for a free account on Parallax.
2️⃣ Complete identity verification (KYC) to activate your USD receiving account.
3️⃣ Share your USD account details with clients for payments via ACH, wire transfer, or card.
4️⃣ Withdraw your USD to PHP via bank transfer, Maya, or GCash—or keep it in USDT/USDC for better flexibility.
💡 With Parallax, there’s no need to visit a bank or meet deposit requirements—you get a fully functional USD account instantly.
How to Withdraw USD to PHP Easily
Parallax allows you to withdraw your USD earnings directly to:
✔ Philippine banks (BPI, BDO, Metrobank, etc.)
✔ E-wallets like GCash and Maya
✔ Crypto wallets (USDT, USDC, DAI)
Steps to Cash Out
1️⃣ Choose your withdrawal method (bank transfer, GCash, Maya, or crypto).
2️⃣ Convert USD to PHP at competitive exchange rates.
3️⃣ Receive funds within minutes (for e-wallets) or same-day processing (for banks).
💡 No excessive fees, no delays—just fast and efficient withdrawals.
Frequently Asked Questions (FAQs)
❓ Can I use my USD account to receive payments from international clients?
Yes! Your Parallax USD account can receive payments via ACH, wire transfer, and card payments from global clients.
❓ Do I need to maintain a balance in my USD account?
No. Unlike banks, Parallax does not require a maintaining balance.
❓ How long does it take to receive USD payments?
ACH and wire transfers usually take 1-2 business days, while card payments are often instant.
Get Paid in USD Without Bank Hassles
If you’re a freelancer or remote worker in the Philippines, opening a USD account with Parallax is the best way to receive international payments easily—without the high fees and strict requirements of local banks.