Overview
Incard, at a glance.
Incard is an e-money institution headquartered in the United Kingdom, regulated by FCA. The company behind Incard is Incard Ltd. Business accounts cost £0 a month. Opening an account takes 3–5 days.
Money on the account is e-money, safeguarded in segregated accounts by Incard's safeguarding partners. It is not covered by the FSCS and earns no interest.
Why businesses pick Incard
- A free plan with 100 local payments a month included
- GBP, EUR and USD accounts with their own details
- FX at the interbank rate for the first £5,000 a month
- Virtual and physical Visa cards
- Trustpilot score of 4.7 from 32 reviews
Watch out for
- Only for UK and Swiss companies and sole traders
- FX above £5,000 a month costs 0.6%, or 1% outside market hours
- Card payments in other currencies cost 1.8%; ATM withdrawals 2% to 2.5%
- Crypto, gambling, money services and precious-metals traders refused
- No trusts, foundations, charities or cooperatives
Business fit
Will Incard accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Incard's published rules
Likely fit
Incard lists both United Kingdom companies and E-commerce as accepted.
Incard does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Incard publishes about the businesses it takes on.
Who Incard serves
- E-commerce
- Startups and SMEs
- SaaS
Not supported
Industries and countries Incard does not accept, from its own published lists.
Industries
- Businesses actively involved in crypto or virtual currencies
- Traders of precious metals and stones
- Money service businesses
- Banking and similar financial services
- Betting and gambling industry
- Trading in unlicensed drugs
- Weapons and armaments
- Bidding fee auctions
- Unlicensed scrap metal dealerships
- Unregistered waste management businesses
- Businesses/persons suspected or convicted of financial crime or other reputational-risk offence
- Businesses/persons subject to economic sanctions
- Highly rated politically exposed persons
- Businesses/persons suspected or convicted of terrorism-related offences
- Businesses knowingly providing false identity or business information
Countries
- Not published
Coverage
Where can you use Incard?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
GBP, EUR, USD
Hold and receive · 3 currencies
- GBP
- EUR
- USD
Pay out · 6 currencies
- EUR
- USD
- GBP
- CHF
- CNY
- HKD
Payment reach
Not published
Who can apply
Company incorporation countries2 countries · show list
- United Kingdom
- Switzerland
Owner nationality
Not publishedOwner residency
Not publishedCompany types
UK limited companies (Ltd), UK LLPs, UK sole traders and freelancers, Swiss GmbH and AG, Swiss sole traders
Pricing
What does Incard cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
Free
Free
£0 per month
Setup fee not published
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SEPA | £0.3 | Fixed fee · After 100 local payments a month |
| Faster Payments (GBP) | £0.3 | Fixed fee · After 100 local payments a month |
| SWIFT / international | From £5 | Fixed fee · SHA; OUR payments £20 |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Free | No charge · Interbank rate up to £5,000 a month |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | £2 | Fixed fee · Per extra virtual card a month |
| Card FX | 1.8% | Percentage of the amount |
| ATM withdrawal | 2% | Percentage of the amount · In the UK; 2.5% abroad |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Sign up
Register with your email and verify your phone number.
- 2
Business
Choose the business type and country and give the business and operating addresses.
- 3
Identity
Enter the directors' details and verify identity on your phone or computer.
- 4
Decision
Upload any documents requested; the decision arrives by email.
Documents you need
Not published
FAQ
Your questions, answered.
Is Incard a bank?
No. Incard Ltd is an e-money institution authorised by the FCA, reference 1027309. Money is safeguarded, not covered by the FSCS.
How much does Incard cost?
The Free plan costs £0 a month with 100 local payments included, then £0.30 each. International SHA payments cost from £5 and OUR payments £20. FX is at the interbank rate up to £5,000 a month, then 0.6% (1% outside market hours).
Who can open an Incard account?
UK limited companies, LLPs and sole traders, and Swiss GmbHs, AGs and sole traders. Trusts, foundations, charities, cooperatives and public-sector bodies are not accepted.
Which businesses does Incard not accept?
Crypto and virtual currency businesses, betting and gambling, money services and banking, precious metals and stones, unlicensed drugs, weapons, bidding-fee auctions, unlicensed scrap metal and unregistered waste businesses.
Alternatives
How Incard compares.
If Incard is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 IncardThis pageE-money institution |  | Visa cardsFree plan |
 TideE-money institution | | Free planNon-residents accepted |
 Revolut BusinessBank |  | Cards and spend controlsStartups and SMEs |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
 AirwallexE-money institution |   | Global accountsOnline businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.