Wio Bank has introduced Wio Family, the UAE’s first fully shared banking experience, designed to transform how modern households save, spend, and plan together. The launch comes as the nation prepares for the Year of the Family, reinforcing the importance of unity, shared responsibility, and financial transparency.
A New Era of Shared Banking
Built in collaboration with families across the UAE, Wio Family brings every household member into one connected financial ecosystem through a shared account. The platform enables families to make smarter decisions, align on goals, and build healthier financial habits.
Two Family Leads—joint account owners with equal control—can seamlessly open the account and invite children, teens, helpers, or relatives to join, reflecting the diverse structure of modern households.
Flexible for Every Type of Household
Wio Family is designed to accommodate a wide range of living arrangements, from young couples and multi-generational families to siblings or trusted individuals sharing financial responsibility. The shared banking model reflects the reality that money management is often a collective effort rather than an individual one.
Teaching Financial Confidence to Youth
For children and teens aged 8–17, Family Leads can create Pockets, guided spaces that help young users learn essential money skills. With a virtual card, spending limits, and saving tools, kids can build responsible financial habits in a safe, age-appropriate environment.
Leadership Commentary
“Wio Family was built to address the real needs of families across the UAE, giving them clarity, flexibility, and control over their finances. It reflects a movement towards treating money as something shared and social, not just personal. Our aim is to deliver banking experiences that truly mirror modern life.”
– Jayesh Patel, CEO, Wio Bank
“Most people save for collective goals—education, a new home, or a wedding. With Wio Family, we want to bring everyone who benefits into one connected experience, built with families at its core.”
– Amina Taher, CMO, Wio Bank
Shared Tools, Higher Rewards
Wio Family enhances daily money management through smart tools, including shared virtual cards, customizable permissions, and real-time spending tracking. Key benefits include:
- Family Fixed Saving Spaces offering up to 6% interest per annum (with salary transfer)
- Free access to all Wio Family and Personal benefits with a minimum balance of AED 35,000 (AED 49/month otherwise)
- Boosted cashback rewards, with families earning up to AED 7,500 per month collectively, including:
- 1% cashback on Family debit spends
- Up to 2% on individual spends
A Movement for the Future
Wio Bank confirms that this launch is just the beginning. More family-first features, financial insights, and collaborative tools will be introduced in the coming months, reinforcing the brand’s commitment to reimagining how families manage money together.
