MultiPass · multi-currency account
MultiPass Multi-Currency Account
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.
Is MultiPass Multi-Currency Account worth it?
- free-zone companies: MultiPass Multi-Currency Account onboards free-zone entities on its published criteria.
- startups watching fixed cost: MultiPass Multi-Currency Account requires a AED 1,200 minimum balance — heavy for an early-stage company.
- founders outside the UAE: MultiPass Multi-Currency Account onboards fully remotely — no branch visit required.
- import-export businesses: MultiPass Multi-Currency Account covers 70+ currencies — wide enough for regular foreign-currency flows.
Pricing
- Minimum balance
- AED 1,200
Eligibility
- Eligibility notes
- Sales-led onboarding; fees quoted per client — public materials indicate plans from about USD 100/mo and FX from ~1.5%.
- Not suitable for
- businesses wanting a UAE bank account or lending — MultiPass is multi-currency payments. Companies that cannot meet the minimum-balance requirement
Business operations
- Approval time
- Sales-led
- Free-zone companies
- Yes
- Branch visit
- Not required
- Multi-currency
- 70+ currencies
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: Sales-led
- 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.
Not for you if…
- You cannot hold the required AED 1,200 minimum balance.
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.
Verified answers
How much does a MultiPass UAE business account cost?
MultiPass publishes a guided quote: account opening and due diligence from 400 AED / 100 USD, monthly maintenance from 400 AED / 100 USD, and a minimum balance from 1,200 AED / 300 USD (failing it costs 400 AED / 100 USD per month). Priority onboarding is 2,400 AED / 500 USD.
Source: multipass.co · verified
What are MultiPass payment fees?
Local AED payments cost 5 AED incoming and 15 AED outgoing; SWIFT transfers cost 30 USD in and 60 USD out; internal payments between MultiPass accounts are free. Online banking and additional IBANs and currencies are free.
Source: multipass.co · verified
Head-to-head
Frequently asked questions
Is MultiPass Multi-Currency Account worth it for free-zone companies?
Yes — MultiPass Multi-Currency Account onboards free-zone entities on its published criteria.
Is MultiPass Multi-Currency Account worth it for startups watching fixed cost?
No — MultiPass Multi-Currency Account requires a AED 1,200 minimum balance — heavy for an early-stage company.
Is MultiPass Multi-Currency Account worth it for founders outside the UAE?
Yes — MultiPass Multi-Currency Account onboards fully remotely — no branch visit required.