Wio Bank officially launches in UAE

[Au999]

Wio just invited me to set up a personal bank account so it's no longer for business only

 

[ShillGates]

right so, anyone got this problem - cant send out Euros anymore, only send euros out but they debit from AED account. So if you got euros, you have to exchange all to AED at a s**t fx to fund your OWN AED account. And then when paying you get another s**t fx to get back to euro so recipient gets EUro. Same with all other currencies

 

[Clank]

right so, anyone got this problem - cant send out Euros anymore, only send euros out but they debit from AED account. So if you got euros, you have to exchange all to AED at a s**t fx to fund your OWN AED account. And then when paying you get another s**t fx to get back to euro so recipient gets EUro. Same with all other currencies

Might be a bug

 

[uk29]

right so, anyone got this problem - cant send out Euros anymore, only send euros out but they debit from AED account. So if you got euros, you have to exchange all to AED at a s**t fx to fund your OWN AED account. And then when paying you get another s**t fx to get back to euro so recipient gets EUro. Same with all other currencies

Doesn't seem to be happening for me? I can send GBP to GBP without any exchange rate

 

[ShillGates]

dont have gbp account, but cant open one either.

 

[uk29]

View attachment 5204
dont have gbp account, but cant open one either.

I wonder why? Maybe a temporary glitch? Or something more sinister?

Did you send them a WhatsApp message? They tend to reply quickly.

Let me know what they say please?

 

[ShillGates]

rioght so because i never did activate the card, all my saved payers moved to aed. go figure, some update. all good now after 5 support calls - they changed something for me - but need to redo payers, but always be aware

 

[uk29]

I activated and spent on the card about 30 minutes after I received it so hopefully that won’t happen with me!

 

[Lord Palmerstone]

Do they provide multi-currency account account or only AED?

I have had it for a week or so.
Easy to sign up although ....... I am a customer of NBAD/FAB for 28 years now so I guess they have all their KYC nonsense. Received the card also, within maybe 3 days so very efficient.
And yes, they offer different accounts in USD, GBP and EUR with of course AED so all looks good,
BTW they're not the first digital platform in UAE, another one I have had since earlier this year is LIV by Emirates NBD.

 

[Berti]

I have had it for a week or so.
Easy to sign up although ....... I am a customer of NBAD/FAB for 28 years now so I guess they have all their KYC nonsense. Received the card also, within maybe 3 days so very efficient.
And yes, they offer different accounts in USD, GBP and EUR with of course AED so all looks good,
BTW they're not the first digital platform in UAE, another one I have had since earlier this year is LIV by Emirates NBD.

Does LIV have multicurrency or Usd account? And if yes, does the card pull from the USD account or only from AED?

 

[Lord Palmerstone]

Does LIV have multicurrency or USD account? And if yes, does the card pull from the USD account or only from AED?

AED first and foremost, but they also offer a USD a/c.
I cannot answer your second question as I did not yet activate/open the USD a/c.

 

[myhand]

What's the experience with this bank so far?

 

[Ancova]

What's the experience with this bank so far?

It is great since it can be opened remotely as soon as you get the Emirates ID.

Accepts AED, GBP, USD and Euro.

Ready in 5 days (corporate and personal)

It does not however accept high risk nationalities, activities like investment in commercial enterprises and it also does not accept companies with corporate shareholders.

 

[sinos]

It is great since it can be opened remotely as soon as you get the Emirates ID.

Accepts AED, GBP, USD and Euro.

Ready in 5 days (corporate and personal)

It does not however accept high risk nationalities, activities like investment in commercial enterprises and it also does not accept companies with corporate shareholders.

Any idea about cash deposit limits for corporate account, I think they use FAB machines?

 

[Ancova]

Any idea about cash deposit limits for corporate account, I think they use FAB machines?

Yes they use FAB ATM's.

I believe the daily limit is 100k AED

 

[sinos]

Yes they use FAB ATM's.

I believe the daily limit is 100k AED

Do you assist in crypto cashout? If yes, then how to contact?

 

[Ancova]

yes, you can email me on [email protected]

 

[smartcard]

Do you need Emirates ID of the company shareholder to open a corporate account with wio Bank?

Can I open an account for a RAK offshore company?

 

[uk29]

Yes you need emirates ID. Account is for uae residents only