Wio Bank

Digital bank · Abu Dhabi, United Arab Emirates

Wio Bank is a digital bank in Abu Dhabi that holds a commercial banking licence from the Central Bank of the UAE and started operating in September 2022. It offers Wio Business for companies and freelancers, Wio Personal for individuals, and investing through Wio Securities LLC, a broker licensed by the UAE Securities and Commodities Authority. At 31 December 2025 it held AED 61.08 billion in assets and AED 57.29 billion in customer deposits, and it made a net profit of AED 621.7 million, with Wio Business serving 120,000 entities. Business accounts cost AED 99 or AED 249 per month with no minimum balance and include free accounts in six foreign currencies. The bank serves UAE-registered companies only, and its standard terms say a current account may only be opened and maintained by a resident of the UAE.

Legal name: Wio Bank P.J.S.C.
Regulated by: Central Bank of the UAE (CBUAE), Securities and Commodities Authority (SCA) for the affiliated broker Wio Securities LLC, which the bank does not consolidate
Licence confirmed: yes, on a regulator's own list
Established: 2022
Website: wio.io

Scores, 0 to 10

8.0Fast digital onboarding

The application is fully digital in the app with no minimum balance and Wio states the account is up and running in 3 working days, but the company must hold a UAE trade licence and the account holder must be a UAE resident. · source

7.0Middle East & Gulf

CBUAE-licensed commercial bank with onboarding partnerships across the IFZA, RAKEZ, Meydan, ADGM and Ajman free zones and MoUs with TAMM and ADDED, but it operates in no other GCC country. · source

6.5Lowest fees

AED 99 per month on Essential and AED 249 on Grow with no minimum balance, free account opening and closure, free multi-currency accounts, 10 free local transfers on Essential and unlimited on Grow, but a 2% fee on all card transactions originating outside the UAE. · source

6.0Best interest on business balances

Current accounts pay no interest and the Essential plan pays nothing on Saving Spaces, but the Grow plan pays up to 3% for three months and 1% per annum after that, and Fixed Saving Spaces of 1 to 12 months pay up to 3.5% per annum with no minimum deposit, on the Grow plan only. · source

6.0Fintech companies that need a partner bank

Wio has launched embedded finance services for UAE SMEs and has live embedded deals with Geidea for SME banking and financing and with Shory for car insurance instalments, but publishes no safeguarding or client-money accounts for EMIs and payment institutions. · source

6.0Online businesses: e-commerce and SaaS

Wio resells POS terminals, in-app mobile payments and e-commerce payment links through partners uTap and Magnati, and offers free collection accounts in six foreign currencies, but the acquiring is not its own. Free GBP, EUR, USD, CAD, AUD and CHF accounts with no minimum balance, invoicing with payment links through Stripe and a guaranteed AED to USD rate of 3.673, but accounts are for UAE-licensed companies and no accounting integration or API is published. · source

6.0Financial strength & stability

No public credit rating found. CET1 and Tier 1 were 18.05% and total capital 18.57% at 31 March 2026, down from 27.26% and 27.94% at 31 December 2025, the leverage ratio was 4.20% against a CBUAE minimum of 3%, and the bank reports no investment in subsidiaries, associates or affiliates. · source

6.0Customer satisfaction

The Wio Business iOS app scores 4.8 from 2,787 UAE ratings and the bank reported a Net Promoter Score of 75 for Wio Business, while Trustpilot rates wio.io 1.8 from 157 reviews. · source

6.0Business cards (Visa, Mastercard)

The business product summary (KFS) gives a free AED debit card, free virtual cards set up instantly with a spending limit and expiry per card, up to 10 new virtual cards a day and 99 active at a time, plus a Credit on Card facility; the card network is not named on the fee schedule. · source

5.5Startups & VC-backed companies

Wio has signed banking agreements with Hub71, Flat6Labs, Sheraa, AstroLabs and the Khalifa Fund to onboard start-ups in Abu Dhabi, but offers no venture debt or cap-table products and cannot bank companies incorporated outside the UAE. · source

5.0On-ramp: buy crypto with fiat

Evidence is thin: a June 2026 UAE incorporation guide lists Wio among banks onboarding Web3 startups, and an AML consultancy reports Wio opened an account for a non-VASP blockchain firm after other banks refused, but Wio publishes no rule on business payments to licensed exchanges. · source

4.5Off-ramp: crypto to fiat in a business account

Retail users can sell crypto in Wio Invest and receive dirhams in their Wio account, but no source-of-funds process for exchange proceeds into Wio Business accounts is published, and the same 2026 guide points exchanges and brokers to other UAE banks. · source

4.0Cross-border payments, FX and multi-currency accounts

Free accounts in seven currencies and outward SWIFT transfers at AED 26.25 to AED 52.50 plus a published correspondent fee, with a guaranteed AED to USD rate of 3.673, but no published FX margin on other pairs and no local rails abroad. Seven-currency accounts with multi-user access, approval workflows, WPS payroll and accounting integrations, but the published product set has no cash pooling, no hedging and no host-to-host connectivity. · source

4.0Trade, manufacturing & import-export

The published financing range is a business credit card, a business loan of up to AED 3 million, a line of credit of up to AED 250,000 and a supply chain finance platform, with no letters of credit, guarantees or documentary collections. · source

4.0Bitcoin

Bitcoin can be bought and sold in the personal Wio Invest app through Fuze since 2024; there is no bitcoin service in Wio Business. · source

4.0Ethereum

Ether can be bought and sold in the personal Wio Invest app through Fuze since 2024, with no staking or business access found. · source

3.5Crypto wallet and custody for a business

Since October 2024 UAE residents can buy and hold bitcoin, ether and other coins in Wio Invest, run by the group's broker Wio Securities on infrastructure from the regulated provider Fuze; this is a personal app through a partner, and Wio Business offers no crypto holding. · source

3.0Crypto-friendly bank

Wio lets its own retail customers buy and sell Bitcoin and Ethereum through Wio Invest on the infrastructure of digital assets provider Fuze, but publishes no business banking or account offer for exchanges, brokers or VASPs. · source

3.0High-risk verticals (iGaming, cannabis, adult, forex)

Neither the standard terms nor the May 2026 fee schedule publishes a list of prohibited industries such as gambling, adult or forex, so the score is conservative. · source

1.5Foreign-owned & non-resident companies

Clause 2.1(b) of the standard terms states that a current account may only be opened and maintained by a resident of the UAE. · source

1.0Accept crypto payments

Wio Business sells accounts, payments, invoicing and savings for UAE companies with no crypto or stablecoin acceptance on its business page, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.