# Incard: UK and Swiss business account

> A UK e-money account for companies and sole traders in the UK and Switzerland: GBP, EUR and USD accounts with their own details, international payments in six currencies, Visa cards, and FX at the interbank rate for the first £5,000 a month. The Free plan costs nothing.

Finzil profile: https://finzil.com/providers/incard · Provider website: https://incard.com · Facts checked: 2026-10-20

## Key facts

- **Monthly fee:** £0 (Free plan; higher plans not published)
- **Currencies:** 3 (GBP, EUR, USD; payments in 6)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** E-money institution
- **IBAN:** GBP, EUR and USD account details
- **Payment rails:** SEPA, Faster Payments, ACH, SWIFT
- **Cards:** Virtual and physical Visa
- **Safeguarding:** Segregated accounts
- **Remote opening:** Yes
- **Headquarters:** United Kingdom
- **Trustpilot:** 4.7 from 32 reviews (checked 2026-10-20)

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Not published
- **Countries of incorporation accepted:** United Kingdom, Switzerland (only these)
- **Countries of incorporation refused:** Not published
- **Owner residency accepted:** Not published
- **Owner residency refused:** Not published
- **Owner nationality refused:** Not published
- **Company types accepted:** UK limited companies (Ltd), UK LLPs, UK sole traders and freelancers, Swiss GmbH and AG, Swiss sole traders

## Industries

- **Industries served:** E-commerce, Startups and SMEs, SaaS
- **Prohibited industries (provider's own list):** 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 (source: https://legal.incard.co/terms-and-conditions/general-services-agreement-uk)

## Licences

- United Kingdom: FCA, E-money institution, Incard Ltd, register no. 1027309 (https://register.fca.org.uk/s/firm?id=0014G00002w1tMeQAI)

Safeguarding: 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.

## Fees

Source: https://legal.incard.co/fee-schedule/business-fees-free (checked 2026-10-20)

### Plans

- **Free:** Free

### Outgoing

- SEPA: £0.3 · After 100 local payments a month
- Faster Payments (GBP): £0.3 · After 100 local payments a month
- SWIFT / international: From £5 · SHA; OUR payments £20

### Currency exchange (FX)

- FX markup: Free · Interbank rate up to £5,000 a month
- FX markup: 0.6% · Above £5,000 a month, in market hours; 1% outside them

### Cards

- Virtual card issue: £2 · Per extra virtual card a month
- Card FX: 1.8%
- ATM withdrawal: 2% · In the UK; 2.5% abroad

## Opening an 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: Not published

## Pros and cons

- Pro: A free plan with 100 local payments a month included
- Pro: GBP, EUR and USD accounts with their own details
- Pro: FX at the interbank rate for the first £5,000 a month
- Pro: Virtual and physical Visa cards
- Pro: Trustpilot score of 4.7 from 32 reviews
- Con: Only for UK and Swiss companies and sole traders
- Con: FX above £5,000 a month costs 0.6%, or 1% outside market hours
- Con: Card payments in other currencies cost 1.8%; ATM withdrawals 2% to 2.5%
- Con: Crypto, gambling, money services and precious-metals traders refused
- Con: No trusts, foundations, charities or cooperatives

## Finzil's take (opinion)

Incard is a tidy free account for UK and Swiss small businesses, with three currency accounts, Visa cards and interbank FX up to £5,000 a month, which beats most free plans on exchange. It refuses crypto and gambling outright, and only the Free plan is priced in public.

## Alternatives

- [Tide](https://finzil.com/providers/tide): E-money institution · UK
- [Revolut Business](https://finzil.com/providers/revolut): Bank · UK, Lithuania
- [Wise Business](https://finzil.com/providers/wise): E-money institution · UK, Belgium
- [Airwallex](https://finzil.com/providers/airwallex): E-money institution · UK

## FAQ

**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.

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