Yes for buying and selling crypto inside the app. No published policy on transfers to outside exchanges.
| Criterion | Score | Source |
|---|---|---|
| Accepts exchange transfers | partial (1) | unverified |
| Stablecoin off-ramp | no (0) | unverified |
| Business accounts for Web3 | no (0) | source · checked 8 September 2026 secondary source |
| Custody | partial (1) | source · checked 8 September 2026 |
| Staking and yield | no (0) | source · checked 8 September 2026 |
| Card | yes (2) | source · checked 8 September 2026 |
| Multiple jurisdictions | no (0) | source · checked 8 September 2026 |
| Open to retail | yes (2) | source · checked 8 September 2026 |
Total 6 of 16. Yes scores 2, partial 1, no 0. A secondary source is press or a third party rather than the bank or its regulator. Unverified means no source could be found; the score stands until one is.
Scores are revised when a bank's documents change. Each revision is dated and sourced.
| 8 September 2026 | Stablecoin off-ramp | partial to no | source |
| Jurisdiction | UAE · Abu Dhabi |
| Type | Neobank |
| Health tag | Solid Backed by Abu Dhabi state investor ADQ and e&, profitable, the largest UAE digital bank. Short track record, strong shareholders. Its crypto partner Fuze was fined by VARA in August 2025 for AML failures; Wio itself was not named. · checked 26 August 2026 |
| Last verified | 8 September 2026 |
| 2022 | Central Bank of the UAE gave in-principle approval in February. Wio Bank PJSC launched on 13 September 2022 with AED 2.3 billion capital from ADQ, Alpha Dhabi, e& and FAB, regulated by the CBUAE. source |
| 2023 | Wio added crypto trading through Fuze (Morpheus Software Technology FZE), whose VARA broker-dealer licence VL/23/10/002 is dated 17 November 2023. The partnership was announced on 28 November 2023. source |
| 2025 | VARA fined Morpheus Software Technology FZE, trading as Fuze and the provider of Wio's in-app crypto, on 18 August 2025 for AML failures, unlicensed virtual asset activity and non-disclosure. Wio Bank was not named in the notice. source |
| 2025 | VARA fined Fuze on 18 August 2025 for AML programme failures, unlicensed virtual asset activity and non-disclosure, with a remediation plan and skilled person imposed. Wio itself was not named. Wio reported FY2025 net profit of AED 622 million. source |
Yes. Wio Invest, inside the Wio Personal app, lets UAE residents buy and sell crypto from their AED account. Trades are executed by Fuze, a Dubai VARA-licensed broker-dealer. The fee is 0.5% of the order amount and only market orders and recurring buys are supported.
Wio does not publish a policy on transfers to crypto exchanges. Its Key Fact Statement allows local and international transfers up to AED 300,000 or AED 500,000 a day depending on plan, and says the bank can restrict an account if use breaches its compliance policy. Whether a transfer to an exchange goes through is not stated anywhere on wio.io.
Nothing Wio publishes offers crypto withdrawals. The product is described as buying and selling crypto with your AED account, and the brokerage terms do not mention virtual assets at all. Treat it as a closed loop unless the app says otherwise.
Wio Business is aimed at UAE SMEs and freelancers. Third-party onboarding guides say non-custodial Web3 and blockchain technology firms can get accounts with a clear business model and full KYC and AML documents, while firms that look like exchanges or VASPs are rejected. Wio does not publish its own list of accepted industries.