Hubpay · multi-currency business account
Hubpay Business Account
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.
Is Hubpay Business Account worth it?
- free-zone companies: Hubpay Business Account onboards free-zone entities on its published criteria.
- startups watching fixed cost: Hubpay Business Account asks for no minimum balance and AED 99/mo — workable before revenue is steady.
- founders outside the UAE: Hubpay Business Account onboards fully remotely — no branch visit required.
- import-export businesses: Hubpay Business Account covers 30+ IBANs, 150+ pairs — wide enough for regular foreign-currency flows.
Pricing
- Monthly fee
- AED 99
- Minimum balance
- AED 0
Eligibility
- Not suitable for
- businesses wanting a licensed bank account or local cheque/cash services — Hubpay is a payments app for cross-border SME flows. Companies wanting branch banking
Business operations
- Approval time
- ~1 day
- Free-zone companies
- Yes
- Branch visit
- Not required
- Multi-currency
- 30+ IBANs, 150+ pairs
How onboarding goes
- Application: Submit the request through the provider’s channel and upload documents
- Compliance review: KYC checks and document verification
- Decision: Typical timing: ~1 day
- Go live: Access activated and the product is live
Documents you'll typically need
- Valid UAE trade licence (mainland or free zone)
- Memorandum and Articles of Association
- Passports and Emirates IDs of shareholders and authorised signatories
- UBO (ultimate beneficial owner) declaration
- Office tenancy contract, Ejari or flexi-desk agreement
- Recent invoices or contracts for new companies; 6–12 months of bank statements for operating businesses
Typical pack for this category — the provider confirms the exact list on application.
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.
Verified answers
How much does a Hubpay business account cost?
Hubpay has three plans: Starter at AED 99 per month (30-day free trial, AED account with AED IBAN), Scale at AED 299 per month (multi-currency accounts in 30+ currencies, payment links), and Treasury with custom pricing (forward contracts, corporate FX, dedicated manager). All prices are subject to 5% VAT.
Source: hubpay.io · verified
What are Hubpay transfer fees?
On Starter, local payments cost AED 5 and international payments AED 26. On Scale, local payments are free and international payments cost AED 52.50 shared or AED 65 sender-pays-all. Payments reach 85+ countries across 40–150+ currency pairs depending on plan.
Source: hubpay.io · verified
How fast can you open a Hubpay business account?
Hubpay advertises account setup within 1 business day after submitting satisfactory onboarding documents (trade licence and ID), with merchant approval for payment links in 2–5 working days.
Source: hubpay.io · verified
What do Hubpay payment links cost?
Payment links are free to set up with no monthly fee on the link itself — Hubpay charges a per-transaction percentage fee plus AED 1 per transaction, with different rates for domestic and international cards.
Source: hubpay.io · verified
Frequently asked questions
Is Hubpay Business Account worth it for free-zone companies?
Yes — Hubpay Business Account onboards free-zone entities on its published criteria.
Is Hubpay Business Account worth it for startups watching fixed cost?
Yes — Hubpay Business Account asks for no minimum balance and AED 99/mo — workable before revenue is steady.
Is Hubpay Business Account worth it for founders outside the UAE?
Yes — Hubpay Business Account onboards fully remotely — no branch visit required.