# All About WIO Bank

Wio Bank P.J.S.C. is a digital neobank headquartered in Abu Dhabi, UAE. It offers a banking app, financial integrations, and banking-as-a-service solutions designed to help individuals and businesses manage money more easily.

With a vision to support the region’s new economy, Wio Bank focuses on innovation, digital banking convenience, and modern financial services. It is backed by key UAE entities, including ADQ and Alpha Dhabi with a combined 65% stake, e& with 25%, and First Abu Dhabi Bank with 10%.

This overview highlights Wio Bank’s business banking products and key features to help UAE businesses make informed banking decisions.

## Wio Bank Business Products

Wio Bank offers two business banking products: **Essential** and **Grow**.

## 1. Essential

The Essential plan is best suited for freelancers and small businesses.

### Best Suited For

- Freelancers and small businesses
- Businesses needing a free multicurrency account
- Teams requiring up to 2 free users

### Key Features

- No minimum monthly average balance requirement
- No fees for not maintaining a minimum monthly average balance
- Monthly maintenance fee of AED 99
- No additional charges for digital banking
- No teller transaction fee
- One free cheque book included
- Additional cheque book charges:
  - AED 10.5 for 10 leaves
  - AED 26.25 for 25 leaves
- Free local AED funds transfers within the UAE
- AED 52.5 fee for international transfers or local transfers in non-AED currency

## 2. Grow

The Grow plan is best suited for medium and large businesses.

### Best Suited For

- Medium and large businesses
- Businesses needing 3 salary payment files per month
- Teams requiring up to 10 free users

### Key Features

- No minimum monthly average balance requirement
- No fees for not maintaining a minimum monthly average balance
- Monthly maintenance fee of AED 249
- No additional charges for digital banking
- No teller transaction fee
- One free cheque book included
- Additional cheque book charges:
  - AED 10.5 for 10 leaves
  - AED 26.25 for 25 leaves
- Free local AED funds transfers within the UAE
- AED 26.25 fee for international transfers or local transfers in non-AED currency

## Highlights and Strengths

- Users report smooth and fast account setup within a few hours
- Cost-effective international transfers
- Smart financing tools, including analytics and virtual cards
- Tech-driven platform supported by cloud-based and API-powered systems
- Strong local and digital banking capabilities

## Who Is Wio Bank Best For?

Wio Bank is suitable for SMEs, freelancers, and individuals looking for streamlined banking, multicurrency savings, and digital banking platforms.

With its modern app, user-friendly experience, and competitive product suite, Wio Bank is positioned as a digital banking option for both personal and business users in the UAE.