Overview
Wio Bank, at a glance.
Wio Bank is a bank headquartered in the United Arab Emirates, regulated by Central Bank of the UAE, Securities and Commodities Authority. Business accounts cost AED 99 a month. Opening an account takes 3–5 days.
WIO Bank P.J.S.C. is a licensed bank in the UAE, regulated by the Central Bank of the UAE.
Why businesses pick Wio Bank
- A licensed UAE bank, opened in the app in minutes
- Accounts in AED, USD, GBP, EUR, CAD, AUD and CHF
- Free transfers between Wio accounts
- Salary payments through WPS on the Grow plan
- Team and expense cards with controls in the app
- 24/7 in-app chat
Watch out for
- Monthly fee of AED 99 or AED 249, with no free plan
- SWIFT transfers cost AED 52.50 on Essential and AED 26.25 on Grow
- From 20 November 2026, local transfers to other banks cost AED 1.05 or AED 0.75 each
- Built for UAE businesses; accepted countries, non-resident owners and prohibited industries are not published
- Card fees and the exchange margin are not published
- Trustpilot score of 1.7 from 160 reviews
Business fit
Will Wio Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Wio Bank's published rules
Needs review
Wio Bank works with Freelancers, but does not publish the countries it accepts companies from.
Wio Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Wio Bank publishes about the businesses it takes on.
Who Wio Bank serves
- Freelancers
- Startups and SMEs
- E-commerce
- Healthcare
Not supported
Industries and countries Wio Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Wio Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
7 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- AED
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Freelancers, Small businesses, Medium and large businesses, DET-licensed SMEs
Pricing
What does Wio Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
AED 99–249
depends on plan
Essential
Lowest costAED 99 per month
Setup fee not published
Grow
AED 249 per month
Setup fee not published
Transaction fees
| Cost | Essential | Grow | How it is charged |
|---|---|---|---|
| Outgoing | |||
| SWIFT / international | AED 52.5 | AED 26.25 | Fixed fee |
| To another Wio Bank account | Free | Free | No charge · Between Wio accounts |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is Wio a bank?
Yes. WIO Bank P.J.S.C. is a licensed bank in the UAE, regulated by the Central Bank of the UAE, licence 01.01.01.063.2022.01.
How much does Wio Business cost?
Essential costs AED 99 a month and Grow AED 249. SWIFT transfers cost AED 52.50 on Essential and AED 26.25 on Grow; transfers between Wio accounts are free.
Which currencies does Wio support?
AED, US dollars, pounds, euro, Canadian dollars, Australian dollars and Swiss francs.
How fast can I open a Wio Business account?
Wio says the application takes minutes; for DET-licensed SMEs it says the account is ready in three business days.
Alternatives
How Wio Bank compares.
If Wio Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Wio BankThis pageBank |  | Business accountDigital bank |
 Mashreq NeoBizBank |   | Digital bankNo initial deposit |
 Revolut BusinessBank |  | Cards and spend controlsStartups and SMEs |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
 AirwallexE-money institution |   | Global accountsOnline businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.