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Wio Business vs Zand Bank: what each publishes

As of October 17, 2026, we hold no rule from Wio Business or Zand Bank on the 7 industries we track; below, side by side: where each takes companies from, its fees, its terms on closing accounts and its licence.

Wio BusinessCentral Bank of the UAEZand BankCentral Bank of the UAE

Not a ranking: the two names are in alphabetical order. The free check applies every provider’s rules to your own answers.

Where it takes companies from

Wio Business

Its own list of countries, quoted below with its source and date

Zand Bank

The regions its own documents name, read on October 9, 2026

Policy by industry

Wio Business and Zand Bank: published policy by industry
IndustryWio BusinessZand Bank
CryptoNo published ruleNo published rule
iGamingNo published ruleNo published rule
AdultNo published ruleNo published rule
Unlicensed financial servicesNo published ruleNo published rule
AI and SaaSNo published ruleNo published rule
Forex and CFDNo published ruleNo published rule
MarketplaceNo published ruleNo published rule

Where owners must live

Wio Business

No published rule

Zand Bank

No published rule

Rules about countries

Wio Business

Any UAE-registered company with a valid trade license can open a Wio Business account fully digitally, including general trading companies, import/export businesses, and professional service firms.

Wio Business · Takes companies registered in · · Source

United Arab Emirates

Zand Bank

No published rule

Fees

Wio Business

Wio Business: published fees
PlanAccount openingMonthlyChecked
EssentialFree to open ('Account opening fee Free')AED 99 a month, VAT included ('Monthly subscription fee AED 99'); no minimum balance · Source
GrowFree to open ('Account opening fee Free')AED 249 a month, VAT included; no minimum balance · Source

Zand Bank

Zand Bank: published fees
PlanAccount openingMonthlyChecked
Corporate accountFree to open ('Account Opening Free')No monthly fee stated; minimum monthly average balance AED 250k, and a fee of AED 500 + VAT when the balance is lower ('If less than AED 250k a fee of AED 500 + VAT') · Source

Closing an account

Wio Business

We may suspend, restrict or terminate your Account or any Service at any time, in whole or in part, without notice to you and without any liability to you. Otherwise, we also have the right to terminate this Agreement with at least 14 days' written notice, or with shorter or immediate notice in certain cases.

Notice before closing · · Source

Account closed or frozen? What Wio Business’s terms say

Zand Bank

We hold no quote from its terms on notice before closing.

Account closed or frozen? What Zand Bank’s terms say

Licence

LicenseeWio BusinessZand Bank
LicenseeWio Bank PJSC · bank licensed by the Central Bank of the UAE (Abu Dhabi, CBUAE register 01.01.01.063.2022.01)Zand Bank PJSC · bank licensed by the Central Bank of the UAE (30 June 2022, CBUAE register 01.01.01.064.2022.02)
RegulatorCentral Bank of the UAE · Central Bank of the UAE ·