Raqma

Compare multi-currency & FX accounts for UAE businesses

For most UAE SMEs, Wise Business (40+ currencies, local account details, mid-market conversion, CBUAE-licensed) or Hubpay (ADGM-regulated, named IBANs in 30+ currencies from AED 99/mo, ~1-day activation) are the most direct options. Payoneer suits marketplace sellers and exporters. Ebury, 3S Money and MultiPass are the sales-led routes — FX risk management, exotic currencies and dedicated account managers for complex flows.

Catalogue updated

International transfers data — corridor fees and FX markups by provider
Raqma's pick
Wise Business Wise
  • No monthly fee
  • No minimum balance
  • Stated approval from 1 day
  • Accepts free-zone licences

The top catalogue-ranked product in this list — reasons cite the published fields below, not a paid placement. Methodology

Products to compare

6 products

Products are shown in catalogue order, not as a personalised recommendation. Compare the details and confirm current terms with the provider. Methodology

Hold and convert 40+ currencies at mid-market rates, get local account details for major currencies and pay suppliers abroad — now licensed by the UAE Central Bank.

Multi-currency: 40+ currenciesFully digital onboarding
Currencies
40+ currencies
Monthly fee
AED 0
Onboarding
1–3 days
Free zone
Yes
UAE Central Bank — licensed Reviewed
Apply

Free to open; per-transfer fee and FX margin quoted before each transfer and vary by currency pair. CBUAE SVF + Retail Payment Services licences (2025).

ADGM-regulated multi-currency account for UAE companies: named AED IBAN on Starter or IBANs in 30+ currencies on Scale, 150+ FX pairs, virtual IBANs and payment links. Zero minimum balance; activation about one business day.

Multi-currency: 30+ IBANs, 150+ pairsFully digital onboarding
Currencies
30+ IBANs, 150+ pairs
Monthly fee
AED 99
Onboarding
~1 day
Free zone
Yes
FSRA (ADGM) — licensed Reviewed
Apply

Starter AED 99/mo (local transfer AED 5, international AED 26); Scale AED 299/mo (30+ currency IBANs, free local, international AED 52.50–65). One-business-day opening after documents; free-zone and offshore structures accepted subject to KYC. Per hubpay.io/pricing, verified Oct 2026.

Local receiving accounts in USD, EUR, GBP, AED and more — built for marketplace sellers, freelancers and exporters getting paid from abroad.

Multi-currency: USD, EUR, GBP, AED +Fully digital onboarding
Currencies
USD, EUR, GBP, AED +
Monthly fee
AED 0
Onboarding
1–3 days
Free zone
Yes
Reviewed
Apply

Free to open. Receiving fees up to 1% (bank debit) / 3.99% (cards); currency conversion up to ~3.5%; USD 29.95 annual fee if volume under USD 6,000/12 months.

Currency accounts in 130+ currencies with a dedicated FX dealer — hedging, risk management and trade finance for importers and exporters.

Multi-currency: 140+ currenciesFully digital onboardingTrade finance
Currencies
140+ currencies
Monthly fee
—
Onboarding
3–7 days
Free zone
Yes
Reviewed
Apply

No public rate card — FX margins and account fees are agreed per client. UK EMI authorised; Dubai office.

EMI multi-currency account with local IBANs in 65+ currencies and a dedicated relationship manager — DFSA-regulated DIFC branch, plus FCA (UK) and CSSF (Luxembourg). Onboards industries traditional banks often decline.

Multi-currency: 65+ currenciesFully digital onboarding
Currencies
65+ currencies
Monthly fee
—
Onboarding
~10 days
Free zone
Yes
DFSA — licensed Reviewed
Apply

No public rate card — fees quoted per client. 65+ currencies incl. AED, USD, GBP, EUR; SWIFT/SEPA to 190+ countries. 3S Money Club Limited (DIFC Branch) DFSA ref F007004; FCA registration 900918. Per 3s.money, verified Oct 2026.

Dedicated IBAN with 70+ currencies including AED, local accounts in the UK, EU and US, plus a personal account manager — DFSA-licensed DIFC entity, UK EMI under FCA.

Multi-currency: 70+ currenciesFully digital onboarding
Currencies
70+ currencies
Monthly fee
—
Onboarding
Sales-led
Free zone
Yes
DFSA — licensed Reviewed
Apply

Account opening from £500; monthly maintenance from £100; minimum balance ~3× monthly fee. SEPA/SWIFT/ACH/Fedwire supported; UAE among supported countries. Per multipass.co/pricing, verified Oct 2026.

Side-by-side

ProductCurrenciesMonthly feeOnboardingFree zone
Wise Business40+ currenciesAED 01–3 daysYes
Hubpay Business Account30+ IBANs, 150+ pairsAED 99~1 dayYes
Payoneer Business AccountUSD, EUR, GBP, AED +AED 01–3 daysYes
Ebury Business Account140+ currenciesNot published3–7 daysYes
3S Money International Business Account65+ currenciesNot published~10 daysYes
MultiPass Multi-Currency Account70+ currenciesNot publishedSales-ledYes

How to choose a Multi-currency & FX by your situation

  • startups watching fixed cost: compare monthly fee and minimum balance first — lowest published monthly cost: Wise Business and Payoneer Business Account.
  • a free-zone company: All products here onboard free-zone entities — compare on fees next.
  • founders outside the UAE: All products onboard remotely — no branch visit needed.
  • anyone needing it live soon: fastest stated approval: Hubpay Business Account — still subject to compliance review.
  • import-export and multi-currency flows: widest published currency coverage: Ebury Business Account.

Fact sources: wise.com · wise.com · hubpay.io · payoneer.com · ebury.com · 3s.money · multipass.co · multipass.co

Frequently asked questions

Can a UAE company open a Wise Business account?

Yes — Wise received UAE Central Bank licences (Stored Value Facilities and Retail Payment Services) in 2025 and accepts UAE-registered companies on wise.com/ae. Availability had been restricted before the licence, so older guides may be outdated.

What is a multi-currency receiving account?

Local bank details in another currency or country — for example USD or EUR account details — so foreign clients pay you by a domestic transfer instead of SWIFT. You then convert or withdraw to AED.

Do I pay a monthly fee for these accounts?

Wise Business and Payoneer are free to open — cost sits in per-transfer fees and FX conversion margins (Payoneer up to ~3.5%; a USD 29.95 annual fee applies if volume is under USD 6,000/12 months). Ebury quotes margins per client.

Why is Airwallex or Revolut Business not listed?

We only list providers that currently onboard UAE-registered companies. Airwallex holds in-principle approvals but UAE is not yet in its eligible-country list; Revolut Business does not onboard UAE entities. We monitor and add providers when eligibility opens.

How can a UAE company receive USD payments?

Two routes: a multi-currency account that gives you USD receiving details (Wise Business, Payoneer) — the client pays by ACH or wire — or a USD-denominated account at a UAE bank, which is harder to open and still settles via SWIFT. The receiving-account route avoids forced conversion to AED.

What is the cheapest way for a UAE business to pay overseas suppliers?

For routine invoices, a mid-market-rate provider like Wise usually beats a bank SWIFT both on rate and fee. For large or recurring FX exposure, a sales-led provider such as Ebury can quote tighter margins and forwards. Always compare the total cost — rate markup plus fee — not the advertised fee alone.

Is there a UAE-regulated multi-currency business account?

Yes — Hubpay holds an ADGM FSRA licence (Category 3C EMI) and offers named IBANs in 30+ currencies with zero minimum balance from AED 99/mo. 3S Money and MultiPass are DFSA-licensed through DIFC entities and serve internationally trading UAE companies on sales-led terms.

How to choose a Multi-currency & FX service for your situation?

For startups watching fixed cost: compare monthly fee and minimum balance first — lowest published monthly cost: Wise Business and Payoneer Business Account. For a free-zone company: All products here onboard free-zone entities — compare on fees next. For founders outside the UAE: All products onboard remotely — no branch visit needed. For anyone needing it live soon: fastest stated approval: Hubpay Business Account — still subject to compliance review. For import-export and multi-currency flows: widest published currency coverage: Ebury Business Account.

Comparison service — not a bank, lender or PSP How we compare How we make money