How to get a EUR IBAN in the UAE | SEPA payments for UAE businesses | Hubpay
Open a named EUR IBAN in the UAE within one business day. Accept SEPA and SWIFT payments from Europe, hold EUR balances, and convert at transparent FX rates. ADGM-licensed.
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How to get a EUR IBAN in the UAE instantly
Accept SEPA and SWIFT payments from Europe
If you're a UAE-based business trading with Europe, getting paid in euros shouldn’t be a slow or expensive process. That’s why Hubpay offers EUR IBANs — giving your business the ability to receive and hold EUR directly, with no minimum balance and no long wait times.
Whether you’re a startup importing goods from Germany, a trading company serving French clients, or a consultancy billing in euros, a dedicated EUR IBAN from Hubpay can streamline your international payments and protect your margins.
What Is a EUR IBAN?
An IBAN (International Bank Account Number) is a standardized code used to identify a bank account internationally. Your EUR IBAN enables your UAE business to receive euro-denominated payments from European clients via SEPA or SWIFT rails.
Need a refresher on how IBANs work? Check out Emirates Islamic’s IBAN guide or Wise’s breakdown of IBAN numbers.
Example of a Hubpay EUR IBAN:
Why UAE Businesses Need a EUR IBAN
The UAE-EU non-oil trade hit $67.6B in 2024, making Europe one of the UAE’s strongest trading partners. Yet, for many UAE businesses, receiving euro payments remains costly and slow.
Traditional banks in the UAE often require:
❌ High minimum balances
❌ Long credit history build-up
❌ Up to 6–8 months of waiting to access EUR accounts
That’s a huge bottleneck for agile businesses.
The Hubpay Advantage: EUR IBANs Made Simple
With Hubpay, your business can open a named EUR IBAN account in just one day — no hoops to jump through.
Here’s what you get:
Named EUR IBAN Account
Receive euro payments directly from your clients in Europe via SEPA or SWIFT, without third-party delays.
Zero Hidden FX Fees
Hold EUR and convert to 150+ currencies at mid-market FX rates, safeguarding your margins.
Instant Setup
Sign up for a Scale or Treasury account, and get your EUR IBAN from day one — no credit history or minimum deposits needed.
Built for Global Trade
Hubpay supports businesses in sectors like general trading, logistics, consulting, and e-commerce that rely on fast, reliable cross-border transactions.
FX and Treasury Solutions That Work for You
Once euros land in your Hubpay account, you can:
Convert EUR to 150+ currencies
Lock in FX rates with hedging tools
Use named IBANs in G10 currencies
Want to receive payments with cards? Learn more about Payment Links for UAE Businesses | Hubpay
Get Started in Minutes
Opening a EUR IBAN account with a traditional UAE bank can take months. With Hubpay, you get:
✅ No minimum balance
✅ EUR IBAN from day one
✅ SEPA & SWIFT payment support
✅ Integrated FX, treasury, and payroll tools
All you need is to sign up for a Scale or Treasury account, and our onboarding team will guide you through the rest.
Frequently asked questions
What is a EUR IBAN and how does it work for UAE businesses?
A EUR IBAN is a named bank account number in euros held under your UAE business name. It allows European clients and partners to pay you via SEPA Credit Transfer the EU's local bank transfer system rather than an international SWIFT wire. SEPA transfers arrive within one business day, incur no correspondent bank fees, and require no additional documentation from the sender beyond your IBAN and BIC. For UAE businesses with European clients, a EUR IBAN eliminates the payment friction that causes delayed collections and lost invoices.
How long does it take to open a EUR IBAN in the UAE with Hubpay?
Hubpay issues a named EUR IBAN to UAE businesses within one business day of KYC completion. Your EUR IBAN is dedicated it is issued under your company name, not a shared or pooled account. You can share it on invoices, in client contracts, and on payment pages immediately upon activation. There is no minimum balance requirement on any tier.
What is the difference between SEPA and SWIFT for EUR payments?
SEPA (Single Euro Payments Area) is the EU's local bank transfer network covering 36 European countries. SEPA transfers arrive in one business day, are free or low-cost for the sender, and do not incur correspondent bank charges. SWIFT is the international wire network used for payments between countries outside the SEPA zone. SWIFT EUR transfers typically take 2-5 business days, cost the sender EUR 15-40 per transaction, and often include a deduction for intermediary bank fees. Hubpay's EUR IBAN supports both SEPA and SWIFT incoming payments.
Can I receive EUR payments from outside Europe with a Hubpay EUR IBAN?
Yes. Your Hubpay EUR IBAN accepts SWIFT payments from any country in addition to SEPA transfers within Europe. This means clients in the US, Asia, or GCC paying in EUR can send funds via SWIFT to your EUR IBAN, where they settle in your EUR wallet without forced AED conversion. You then convert to AED at a time of your choosing.
Which European countries can pay into a Hubpay EUR IBAN via SEPA?
SEPA covers 36 countries including all 27 EU member states plus the UK (which retained SEPA participation post-Brexit), Switzerland, Norway, Iceland, Liechtenstein, and several other European nations. This means clients in Germany, France, the Netherlands, Italy, Spain, the UK, Switzerland, and over 30 other countries can pay your UAE business via free, same-day local transfer using your Hubpay EUR IBAN.
Open a free multi currency account with Hubpay
We help companies all around the globe to send money in the easiest and cheapest way using multiple currencies. Talk to Hubpay Corporate FX team today
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