Provider profile
Wio Bank
Raqma's read on Wio Bank
Raqma's read on Summarised from catalogue fields — not a paid placement.
- Products tracked
- 3 across 3 categories (Business accounts, SME financing, Corporate cards)
- Licence status
- UAE Central Bank — licensed
- Public rating
- Trustpilot: 1.7/5 · 160 reviews — snapshot 2026-10-15 (source)
- Lowest monthly fee
- AED 0 — Wio Business Loan
- Fastest stated approval
- 2–3 days — Wio Business Essential
- Free-zone acceptance
- 2 of 3 products accept free-zone licences
- Remote onboarding
- 2 of 3 products onboard without a branch visit
- Last reviewed
In short: Wio Bank has one of the broader catalogues we track in the UAE business accounts and sme financing and corporate cards space, with published fees from AED 0/mo and stated approvals from 2–3 days. Licensing on record: UAE Central Bank — licensed.
Is Wio Bank right for you?
Fit read from catalogue fields — not a recommendation, confirm terms with the provider.
- UAE SMEs
- Strong fit 3 products tracked across 3 categories
- E-commerce merchants
- Limited No payment-gateway products tracked
- Free-zone companies
- Strong fit 2 of 3 products accept free-zone licences
- Import-export businesses
- Strong fit 1 cross-border product
- Startups needing corporate banking
- Strong fit approvals from 2–3 days · 2 of 3 onboard remotely
Strengths and watch-outs
Aggregated across the tracked Wio Bank catalogue — exact terms are on each product page.
Where Wio Bank stands out
- AED 99 monthly fee
- No minimum balance
- Stated approval from 2 days
- Accepts free-zone licences
- No monthly fee
Licensing
- UAE Central Bank — licensed
Verified answers
Wio Business Essential
How much does a Wio Business account cost?
Wio Business has two subscription plans. Essential is AED 99 per month (VAT included); Grow is AED 249 per month. There is no minimum balance requirement on either plan.
Source: wio.io · verified
What do Wio Business transfers cost?
On Essential, the first 10 local transfers each month are free (AED 1.05 each thereafter) and SWIFT international transfers cost AED 52.50. On Grow, local transfers are unlimited and free, and SWIFT costs AED 26.25.
Source: wio.io · verified
What do Wio Business cards cost?
The first physical card is free with no annual fee; a replacement costs AED 26.25 (waived for eligible cases such as ATM capture or reported fraud). Virtual cards are free to create and delete, with up to 5 new cards per day and a maximum of 99 active per account. A joint signatory debit card costs AED 49 per signatory.
Source: wio.io · verified
Does Wio Business offer credit?
Wio Business Credit offers 0% interest for up to 60 days; rollover interest is 3.45% per month, the late fee is AED 199 including VAT, and card cashback is 2% up to AED 2,000 per month.
Source: wio.io · verified
How long does Wio Business onboarding take?
Wio advertises a fully digital process and getting up and running in 3 working days, with 24/7 human support.
Source: wio.io · verified
What extra fees does Wio Business charge?
FAB ATM withdrawals are free; other UAE bank ATMs cost AED 2.10 per withdrawal, GCC ATMs AED 6.30, and international ATMs AED 21 plus a 2% foreign-exchange fee (2% also applies to international card transactions). Physical bank letters cost AED 105 (digital copies are free), a paper statement costs AED 26.25 per 3-month period, and an expired trade licence is charged AED 210 per month starting 60 days after expiry.
FAB ATM withdrawals are free; other UAE bank ATMs cost AED 2.10 per withdrawal, GCC ATMs AED 6.30, and international ATMs AED 21 plus a 2% foreign-exchange fee (2% also applies to international card transactions). Physical bank letters cost AED 105 (digital copies are free), a paper statement costs AED 26.25 per 3-month period, and an expired trade licence is charged AED 210 per month starting 60 days after expiry.Source: wio.io · verified
Wio Business Loan
How does the Wio Business Line of Credit work?
Credit limit up to AED 250,000, accessible any time with 90-day repayment. Interest is a competitive 12% per annum, auto-deducted daily from POS sales; you can reborrow within a new 90-day period as you repay.
Source: wio.io · verified
What does the Wio Business credit card cost?
Free for life — no hidden fees, with limits up to AED 250,000 and up to 60 days interest-free credit. Quick Cash withdrawals cost a flat AED 1.50 per AED 1,000 withdrawn per day; card spend earns 2% cashback up to AED 2,000 per month.
Source: wio.io · verified
Does Wio publish loan rates?
Wio publishes a rate range for its business loans: 9%–22% per annum on a reducing balance, determined by business profile and tenure, plus a 1% one-time processing fee, an early-repayment fee of 1.05% of the repaid amount (min AED 52.50, max AED 10,500) and an AED 199 late fee after a 5-day grace period. The Line of Credit is stated at 12% p.a. and Easy Cash at 0.15% per day (AED 1.50 per AED 1,000 borrowed per day).
Source: wio.io · verified
Does Wio offer supply chain finance?
Yes — a supply-chain-finance product lets suppliers take early payment while the buyer keeps original terms, managed on one platform with approvals, multi-currency settlements and team access.
Source: wio.io · verified
Who regulates Wio Bank?
Wio Bank PJSC is incorporated in Abu Dhabi and is licensed and regulated by the Central Bank of the UAE.
Source: wio.io · verified
Wio Business cards
How much do Wio Business cards cost?
Virtual cards are free with up to 100 active cards; the first physical card is free and a replacement costs AED 26.25.
Source: wio.io · verified
Does the Wio Business card earn cashback?
Yes — 2% cashback up to AED 2,000 per month on the business credit card.
Source: wio.io · verified
Facts & sources
Every fact we publish links back to the page it was verified on. Product-level terms (fees, limits, eligibility) are on each product page.
- Wio Business Essential — verified
- wio.io
- Wio Business Loan — verified
- wio.io
Frequently asked questions
Is Wio Bank licensed in the UAE?
Yes — our catalogue records Wio Bank as holding UAE Central Bank — licensed. Always confirm the current licence scope on the regulator’s register before applying.
What Wio Bank products can I compare here?
We track 3 Wio Bank products: Wio Business Essential, Wio Business Loan, Wio Business cards. Each entry shows the published fees, requirements and approval details.
How do I apply for Wio Bank?
Raqma is a comparison service — we do not process applications. Review the products on this page, then continue to Wio Bank’s own onboarding through the outbound links.