Provider profile
Wise
Raqma's read on Wise
Raqma's read on Summarised from catalogue fields — not a paid placement.
- Products tracked
- 1 across 1 category (Multi-currency & FX)
- Licence status
- UAE Central Bank — licensed
- Public rating
- Trustpilot: 4.3/5 · 302,972 reviews — snapshot 2026-10-15 (source)
- Lowest monthly fee
- AED 0 — Wise Business
- Fastest stated approval
- 1–3 days — Wise Business
- Free-zone acceptance
- 1 of 1 products accept free-zone licences
- Remote onboarding
- 1 of 1 products onboard without a branch visit
- Last reviewed
In short: Wise has a focused offer in the UAE multi-currency & fx space, with published fees from AED 0/mo and stated approvals from 1–3 days. Licensing on record: UAE Central Bank — licensed.
Is Wise right for you?
Fit read from catalogue fields — not a recommendation, confirm terms with the provider.
- UAE SMEs
- Partial fit 1 product tracked across 1 category
- E-commerce merchants
- Limited No payment-gateway products tracked
- Free-zone companies
- Strong fit 1 of 1 products accept free-zone licences
- Import-export businesses
- Strong fit 1 cross-border product
- Startups needing corporate banking
- Strong fit approvals from 1–3 days · 1 of 1 onboard remotely
Strengths and watch-outs
Aggregated across the tracked Wise catalogue — exact terms are on each product page.
Where Wise stands out
- No monthly fee
- No minimum balance
- Stated approval from 1 day
- Accepts free-zone licences
Licensing
- UAE Central Bank — licensed — Stored Value Facilities + Retail Payment Services licences (2025)
Verified answers
How much does a Wise Business account cost to open?
Registering a Wise Business account is free — Wise uses pay-as-you-go pricing with no subscription, and adds volume discounts on large conversions.
Source: wise.com · verified
Is it free to receive money with Wise Business?
Yes — adding money by bank transfer in the same currency is free; fees apply only when currency conversion or certain receiving methods are involved.
Source: wise.com · 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.
- Wise Business — verified
- wise.com · wise.com
Wise products
Frequently asked questions
Is Wise licensed in the UAE?
Yes — our catalogue records Wise as holding UAE Central Bank — licensed. Always confirm the current licence scope on the regulator’s register before applying.
What Wise products can I compare here?
We track 1 Wise product: Wise Business. Each entry shows the published fees, requirements and approval details.
How do I apply for Wise?
Raqma is a comparison service — we do not process applications. Review the products on this page, then continue to Wise’s own onboarding through the outbound links.