Only AED.Do they provide multi-currency account account or only AED?
Im not sure how low their risk apetite is - I opened a Gold Trading activity with them without a single question asked, where other banks said no from the offOnly AED.
However it's at least something while there was earlier nothing - they have of course low risk appetite and it's more a bit of an EMI kind of acting from there side - the whole outgoing transfers are made through Wise - so it's equal to Bunq for example.
1% flat + FX for outgoing comes heavy especially when having some decent volume.
Is that the case with them?Hopefully they will introduce multi-currency accounts.
Having just AED means nothing as you can't accept money from outside in USD/EUR but it's nice to have an option like this.
Exactly - that's the case - CITIBANK is the AED IN correspondence and for outgoing SWIFT they use WISE.Is that the case with them?
It could also mean just everything being autoconverted into aed...
Yes, I walked in City branch in UAE and they tried to explain me how their foreign currency thing works - and it made absolutely no sense.Exactly - that's the case - CITIBANK is the AED IN correspondence and for outgoing SWIFT they use WISE.
It's not fully fledged Bank but for some Guys well they don't have any other option.
Again - it's AED IN International with the downside of auto conversion like @JackAlabama said - it's not only local AED within UAE.Yes, I walked in City branch in UAE and they tried to explain me how their foreign currency thing works - and it made absolutely no sense.
So, if Wio uses City - than it's goof for AED only (and will mostly be useful to mainland companies)