Terms & Conditions
The agreement governing your use of SDB Wallet services
Last updated: February 2026
Legal name: SDB wallet L.L.C
Trading name: SDB Wallet
Legal form: Limited Liability Company (Free Zone)
Business License No.: 2652156.01 — Dubai, United Arab Emirates
Registered office: Meydan Grandstand, 6th Floor, Meydan Road, Nad Al Sheba, Dubai, United Arab Emirates
Legal contact: [email protected]
SDB Wallet Powered by Axis X.
Introduction
Welcome to SDB Wallet. By using our digital financial services, you agree to comply with these Terms and Conditions. Please read them carefully before opening an account or using any of our services.
SDB Wallet is a brand operated by SDB wallet L.L.C, a company registered in Dubai, United Arab Emirates under Business License No. 2652156.01, providing financial services through licensed European partners where applicable. We maintain the highest standards of financial compliance.
Account Opening & Registration
To open an account with SDB, you must:
Wallet Accounts
SDB offers several types of accounts:
For day-to-day money management and transactions
Supports multiple currencies with competitive exchange rates
With competitive interest rates
Inbound bank transfers are routed through SDB Wallet's shared regulated European IBAN; each wallet receives a unique funding reference that links the deposit to its owner, plus an internal 10-digit wallet reference.
Cards
SDB offers Mastercard cards in two types:
Issued instantly for online use
Shipped to your registered address
Cards are subject to daily and monthly spending limits which can be adjusted through the app. You can temporarily freeze your card at any time for security reasons.
Transfers & Transactions
Fees & Charges
| Service | Fee |
|---|---|
| Internal transfers (SDB ↔ SDB) | Free |
| Transfer to Syria | 2% |
| Virtual card issuance | $1 |
| Physical card issuance | $15 |
| Premium physical card | $99 |
| Currency exchange | 1.5% margin |
Security & Responsibilities
Anti-Money Laundering (AML)
SDB complies with anti-money laundering and counter-terrorism financing laws. We may require:
- Enhanced identity verification for large transactions
- Additional information on the source of funds
- Reporting of suspicious transactions to relevant authorities
Termination
You may close your account at any time, provided all obligations are settled. SDB reserves the right to close any account that violates these Terms or is used for unlawful purposes.
Governing Law
These Terms are governed by the laws of the European Union. In case of any dispute, resolution will first be attempted through mediation, then arbitration before the competent European courts if necessary.