There are currently two ways to fund your Nemo investment account: Debit Card or Easy Bank Transfer*.
*Please note that the Easy Bank Transfer option is only available to residents of the UAE who hold a UAE bank account in AED د.إ
Nemo doesn’t charge any commissions on deposits.
Simple. Link your UAE bank account to Nemo to make instant, commission-free deposits directly from the app.
This option is only available to UAE residents who hold a UAE bank account in AED.
The choice is yours, there is currently no minimum deposit on Nemo.
Deposits are instant 😎.
In some rare cases, you may experience longer processing times (we’re talking minutes, not days!).
Your bank may require a cool-off period when you link it to Nemo for the first time. This is usually between 5-24 hours. You only have to do this once.
On the menu, tap Payment & Transfers, and then tap Withdraw underneath your Nemo Wallet.
If you've previously linked one or more UAE bank accounts, choose the one you would like to withdraw to and how much you would like to withdraw. Nemo automatically shows you the amount in both USD and AED.
Otherwise you can use your IBAN and bank details to request a withdrawal to a different account. Please note that, we can only send money back to an account that's in your name.
You can only withdraw funds that are currently in your Nemo Wallet. If you have funds in any of your accounts, make sure you transfer anything you'd like to withdraw into your Nemo Wallet.
We cover withdrawal fees, so withdrawing is free to you 💸.
Expect the withdrawal process to take 4-6 business days (Monday-Friday, excluding public holidays) to be completed and reflected in your bank account.