In this digital and fast-paced world, Banks are one of the reliable and comfortable options that cater to your financial needs. Wio Bank is one of the leading institutions which can manage your finances in the UAE. It was founded in 2021 and makes itself a beacon of innovation and efficiency. Moreover, the dedication of Wio Bank to customer satisfaction and management enhances your experience in this vibrant city. In this detailed blog, we will explore services, account opening, and the benefits of choosing Wio Bank.
Service
Details
Fees
Account Opening
One-time fee for setting up a new Wio Bank account
Free
Monthly Maintenance Fee
Monthly charge for account maintenance
AED 25/month
Minimum Balance Requirement
Required minimum balance to avoid fees
AED 3,000
Online Banking
Access to web portal and mobile app
ATM Withdrawals
Withdrawals from Wio Bank ATMs
ATM Withdrawals (Non-Wio ATMs)
Withdrawals from other bank ATMs
AED 5 per transaction
International ATM Withdrawals
Withdrawals from ATMs outside the UAE
AED 15 per transaction
Domestic Wire Transfers
Transfers within the UAE
AED 10 per transfer
International Wire Transfers
Transfers outside the UAE
AED 50 per transfer
Account Statements
Electronic statements
Paper statements
AED 5 per statement
Overdraft Fee
Charge for overdraft transactions
AED 50 per occurrence
Cheque Book Issuance
Charge for issuing a cheque book
AED 25 per book
Cheque Processing Fee
Fee per processed cheque
AED 2 per cheque
Loan Application Fee
Fee for applying for a loan
AED 100
Credit Card Annual Fee
Annual fee for Wio Bank credit cards
AED 200
Foreign Exchange Fees
Currency conversion fee for transactions
3% of transaction amount
In the UAE, if you choose Wio Bank then you can easily access your account and manage your transactions. Moreover, it also allows you to perform a wide range of banking activities via mobile app and website.
The bank uses different AI-driven insights to manage budgets and track your spending. Furthermore, you can also plan investments for your future.
Wio Bank allows its customers to experience automated payments and expense management. In this bustling country, only some reputable banks provide this service to their customers.
Must Read: How to Easily Check Your FAB Bank Balance Online!
City
Partner Location
Address
Services
Operating Hours
Dubai
Emirates NBD Branch
Sheikh Zayed Road, Near Dubai Mall, Dubai
Account opening, customer support, document verification
Sun-Thu, 8:00 AM - 2:00 PM
ADCB Branch
Al Mankhool Road, Bur Dubai, Dubai
Sun-Thu, 8:00 AM - 3:00 PM
Abu Dhabi
Abu Dhabi Islamic Bank (ADIB)
Khalifa Street, Abu Dhabi
FAB Branch
Corniche Road, Abu Dhabi
Sharjah
Sharjah Islamic Bank
King Faisal Street, Sharjah
RAKBANK Branch
Al Wahda Street, Sharjah
Ajman
Ajman Bank
Sheikh Zayed Road, Ajman
Mashreq Bank Branch
Ajman City Center, Ajman
Wio Bank is the first digital bank which strongly depends on online and mobile banking. Moreover, it also provides services through partner locations or select branches in the UAE. These partner locations allow you to open accounts, document verification, and other banking needs.
If you are aiming to create an account with Wio Bank then the Wio app is a smooth and reliable option.
Download the App: To create an account, you can use the Wio Bank app after downloading it from the Apple App Store or Google Play Store.
Sign Up: After downloading, you have to choose “Sign Up” to start the process of registration.
Submit Documents: In this step, you have to provide your important verification documents which you will ask for.
Complete Verification: After submitting the document, now you have to complete the verification process. Moreover, it normally includes security checks and document validation.
Set Up Your Account: At last, after verification now it's time to set up your account. For this purpose, you have to create your profile and also link any additional service.
In the UAE, the reliable way to create an account with Wio Bank is through their online web portal.
Visit the Website: To create an account with Wio Bank, you have to visit Wio Bank’s official website.
Find the Account Opening Section: After accessing, you have to find the section that is normally labeled as “Open Account''. Moreover, it is normally under the “Personal Banking” section.
Complete the Online Application: After that, you have to fill out the online application form by providing your details.
Submit Documents: In this step, you have to upload all required verification documents according to the instructions. These vital identification documents are valid ID and proof of address.
Verification Process: The verification process is an important step in creating an account with Wio Bank. During this process, a bank representative may make a video call with you.
Account Activation: At last, when your application is approved you will receive a confirmation message. And your account is activated.
Must Read: How to Open a FAB Bank Account Online: Easy Steps
The habit of regularly reviewing your account statements and financial reports offers you peace of mind. So, if you are aiming to track your progress then remember to review your account.
It is vital to set up alerts as it is helpful to stay informed about account activity, upcoming payments, and important updates.
Always remember to use financial tools as it is beneficial to manage budgets and investments for your future.
Always prefer to use the Mobile application of Wio Bank for this purpose. Moreover, it is a reliable and smooth way.
If you create an account with Wio Bank it allows you to manage budgets and investments for your future.
Yes, If you are willing to create an account with Wio Bank then you can avail the option of their online web portal. Moreover, for account creation purposes, you have to fill out an application form and upload all required identifications.
It is a digital banking platform that is jointly owned by Abu Dhabi Development Company (ADQ), Alpha Dhabi Holding, and First Abu Dhabi Bank (FAB).
In the UAE, the Wio Bank app is one of the smoothest ways to create an account with Wio Bank.
If you want to create an account with Wio Bank in the UAE then you must have a valid ID card and proof of address.
16 Sep 2024
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