Overview
Zand Bank, at a glance.
Zand Bank is a bank headquartered in the United Arab Emirates, regulated by Central Bank of the UAE, Dubai Virtual Assets Regulatory Authority. Business accounts cost AED 0 a month. Opening an account takes 3–5 days.
Zand Bank P.J.S.C. is a licensed bank in the UAE, regulated by the Central Bank of the UAE.
Why businesses pick Zand Bank
- No opening fee and no monthly subscription
- Accounts in AED, USD, EUR, GBP and CNH
- No Zand fee on outgoing SWIFT payments (correspondent charges apply)
- Free incoming local transfers; WPS salaries at AED 2.10 per record
- Applications decided within three business days
Watch out for
- AED 367.50 charge when the average balance falls below AED 20,000
- For companies with a valid UAE trade licence
- Paying all correspondent charges costs at least AED 78.75
- Incoming foreign-currency transfers cost AED 10.50
- No business debit card yet
Business fit
Will Zand 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 Zand Bank's published rules
Needs review
Zand Bank works with Startups and SMEs, but does not publish the countries it accepts companies from.
Zand 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 Zand Bank publishes about the businesses it takes on.
Who Zand Bank serves
- Startups and SMEs
- Import and export
- E-commerce
- Crypto
Not supported
Industries and countries Zand Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Zand Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
AED, USD, EUR, GBP and CNH
- EUR
- USD
- GBP
- AED
- CNH
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Companies with a valid UAE trade licence
Pricing
What does Zand 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
Free
Monthly fee
Free
Business Plus
AED 0 per month
AED 0 setup · AED 0 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | AED 10.5 | Fixed fee · Foreign currency |
| From another Zand Bank account | Free | No charge · Local transfers in |
| Outgoing | ||
| SWIFT / international | Free | No charge · Zand fee; correspondent charges apply, at least AED 78.75 if you pay them all |
| To another Zand Bank account | AED 2.1 | Fixed fee · Local transfers out |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Crypto
| Cost | Listed amount | How it is charged |
|---|---|---|
| On-ramp (fiat to crypto) | Not published | |
| Off-ramp (crypto to fiat) | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Not offered | Not available |
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 Zand a bank?
Yes. Zand Bank P.J.S.C. is a licensed bank in the UAE, regulated by the Central Bank of the UAE, licence 01.01.01.064.2022.02. It also holds a Dubai VARA licence for digital-asset custody.
How much does Zand Business Plus cost?
No opening fee and no monthly subscription, but AED 367.50 is charged when the average balance falls below AED 20,000. Outgoing SWIFT payments carry no Zand fee; correspondent charges apply.
Who can open Zand Business Plus?
Companies with a valid UAE trade licence.
How long does opening take?
Zand says most applications are decided within three business days once documents are complete.
Alternatives
How Zand Bank compares.
If Zand Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Zand BankThis pageBank |  | Digital bankMulti-currency |
 Wio BankBank | | Digital bank7 currencies |
 Mashreq NeoBizBank |   | Digital bankNo initial deposit |
 RuyaIslamic bank | | Islamic bankingNo minimum balance |
 Revolut BusinessBank |  | Cards and spend controlsStartups and SMEs |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.