
Wio Bank is an innovative financial institution that has gained great popularity in the UAE, including Dubai, and foreign countries. It is convenient for customers that it is possible to open an account using a phone without leaving home in any locality in the world. You only need to visit the website or install a mobile application. The bank does not have reception offices where customers could come.
Facts about Wio Bank in Dubai
The digital platform was created in 2022. At first, the services were used by legal entities. Starting in 2023, not only businessmen can open accounts. Customers note the following advantages:
- free opening of virtual cards;
- issuing a physical VISA card;
- financial management from a mobile phone;
- technical support works seven days a week and breaks, employees communicate in Arabic or English;
- cashback is provided for purchases;
- transactions with foreign countries;
- currency exchange;
- guarantee of safety of funds by the Central Bank of the UAE;
- sale, purchase of shares;
- storing money in US dollars, euros, dirhams and pounds sterling.
Legal entities pay a monthly price depending on the tariff. The amount of funds in the account without a lower or upper limit.
There is a limitation for private clients. The minimum balance on the account of individuals is 3000 dirhams. But they do not require a subscription fee.
Users carry out all financial transactions, as in ordinary banks. You can keep your savings, get a loan, become an investor.
Types of businesses that can open an account with WIO BANK
Business owners can create a corporate account, regardless of the size of the enterprise. Freelancers with an official license have the right to open a business account. Individuals also conduct financial affairs on behalf of the organization, if they have such authority due to their work responsibilities.
Types of businesses that WIO BANK does not work with
Access to work in the WIO Business application for corporate clients is provided after verification of documents. There are 8 types of activities that will not allow you to cooperate with the digital platform:
- conducting auctions, including for the purpose of antique valuables;
- currency exchange;
- gambling and money betting;
- raising money for charity;
- purchase and sale of jewelry and precious metals;
- provision of financial services without an appropriate license;
- cryptocurrency transactions;
- trading without a legal address.
All other entrepreneurs are welcome.
Documents for opening a business account with WIO BANK

The digital resource is attractive to entrepreneurs for its reliability, conducting business with foreign clients. Each user receives individual offers.
The standard tariff is suitable for small institutions. The subscription fee is 99 dirhams.
The Development – Grow package is designed specifically for large corporations and representatives of medium-sized businesses. They offer to purchase this set of services for 249 dirhams.
The financial management of the company will be possible after the approval of the application for opening an account. To review the application and make a positive decision, you need:
- constituent documents;
- decision of the Board;
- a document on the ownership of real estate in the Emirates or an official rental agreement;
- tax return;
- utility bills for the last quarter of the year;
- statement of the availability of funds in a valid bank account;
- resident’s certificate;
- passport;
- visa;
- a certificate granting the right to trade or a registration document.
If available, it is recommended to provide a list of the company’s shareholders. Additionally, certificates and other certificates may be requested.
After registering a business account, a profitable loan will be available for the development of your business. No interest is charged for the first 2 months. You will have to wait no more than 72 hours for the application to be approved when applying on weekdays.
Documents for opening a personal bank account
It is easy and simple for an ordinary person who is not engaged in entrepreneurship to get a card or a checking account. For standard services, they ask for 25 dirhams, and for services within the extended «Plus» package, you need to pay 49 dirhams. If you have 3,000 dirhams (standard) or 35,000 dirhams (plus) on your balance, you will not have to pay extra for banking services. If the amount of money is less, the client spends monthly on the subscription fee.
To become one of the clients of WIO Bank in Dubai, an individual only needs to have an Emirates ID. This is the main document of a UAE resident. It gives the right to use public services, and in Dubai there are even special service desks for holders of the Emirate taxpayer status.
In addition to the ID card, they may ask for visa and passport details. You will also need to specify a local number where the applicant can be contacted as a potential client.