Benefits
- Open WIO account using digital app digitally.
- Available in AED and other major currencies: USD, GBP, EUR
- Monthly fee of AED 49 per month or FREE if you keep a total amount of at least AED 35,000 across your Wio accounts every month
- Earn Interest on this account
- Get up to 5.5% p.a. on your AED savings in Fixed Saving Spaces.
- Get 5% p.a. on AED savings and 4.25% p.a. on USD savings in Saving Spaces.
- 2% cashback up to 2500 AED per month, with 1% cashback on debit and 2% on credit spends.
- Get Physical debit and credit card.
- Get virtual card instantly
- Avail credit up to 60 days without interest
- Access to Investment through Stocks and ETFs.
Fees & Charges
- Account Closure (Within one year)= AED 0
- Non FAB Bank ATM Transactions in UAE- Cash Withdrawal= AED 2.10
- Non-FAB Bank Transactions in UAE- Balance Inquiry / Declined Transaction= AED 2.10
- Fee for using the ATM outside UAE (GCC) = AED 6.30
- Fee for using the ATM outside UAE (International) = AED 21
Interest Rates
- Get up to 5.5% p.a. on your AED savings in Fixed Saving Spaces.
- 1 or 3 months – 5.2% p.a.; no penalty for early withdrawal.
- 6 or 12 months – 5.5% p.a.; 1.25% penalty for early withdrawal.
- Get 5%p.a. on AED savings and 4.25% p.a. on USD savings in Saving Spaces.
Documents Required
UAE Nationals:
- Emirates identity card
Residents:
- Emirates identity card
Eligibility
- Account available, if you are a UAE resident
- For 21 years of age or older
Addition Information
- Physical card fee will be charged AED 26.25 for replacement
- Foreign exchange transaction fee of 2% All non-AED transactions paid from your AED account including online merchants
- Cheque returned fee will be AED 78.75 per cheque
- Paper statements will be charged AED 26.25 for each 3 month account statement
- Account closure letter, Balance / Account confirmation letter, No liability letter, Liability letter will be charged AED 52.5