ComparisonLast checked 8 November 2026

Airwallex vs yapeal

A multi-currency business account with company cards, bill pay and online payment acceptance, aimed at businesses that trade internationally. A digital Swiss business account with a CHF account, EUR sub-accounts and Visa Debit cards for employees, on four plans from free to CHF 119 a month. We also show Incard, our pick for businesses whose main costs go on cards.

By the editorial team. How we make money.

Where Incard beats both

You spend thousands a month on cards, especially on advertising, software or travel
You want a US dollar account, which Airwallex or yapeal don't list
You're comfortable with safeguarding instead of FSCS cover

cashback a year on Incard's £0 Free plan from £5,000 a month of eligible ads, software and travel spend. Simple arithmetic, not a forecast.

£600

Apply for Incard on incard.co

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What a year of card spending earns you

Incard Free against Airwallex's cheapest plan, at your monthly spend on ads, software and travel.

Monthly card spend on ads, software and travel£5,000

£828 a year better off with Incard

Incard Free: £600 cashback, £0 fees
Airwallex's cheapest plan: no cashback, £228 fees

Simple arithmetic, not a forecast: 1% on eligible ads, software and travel spend at merchants on Incard's eligible brand list, and each plan's published monthly fee. Other fees, such as FX and ATM charges, aren't included. Airwallex's cheapest plan: Explore: £0 if you deposit or hold at least £10,000 a month, otherwise £19 (excluding VAT).

Airwallex suits you if

You trade internationally and pay suppliers abroad
You want to accept card payments online
You keep at least £10,000 in the account, which makes Explore £0

yapeal suits you if

You want a free plan and make few domestic payments
You need CHF and EUR accounts in one app
You give Visa Debit cards to employees and set limits per card
You pay by card abroad: YAPEAL passes on the Visa rate 1:1

At a glance

**Table notes:** correct as of 8 November 2026, from each provider's own pages listed under Sources. “Not listed” means the provider's pages we checked don't say.
	Airwallex	yapeal	Incard
Type and protection	E-money · safeguarded, no FSCS	E-money · safeguarded, no FSCS	E-money · safeguarded, no FSCS
Who can open one	UK sole traders, UK limited companies and Swiss GmbHs and AGs	Swiss GmbHs and AGs and Swiss sole traders	UK sole traders, UK limited companies, LLPs, Swiss GmbHs and AGs and Swiss sole traders
Cheapest plan	Explore: £0 if you deposit or hold at least £10,000 a month, otherwise £19 (excluding VAT)	Free: CHF 0 a month	Free: £0 a month
Plans (monthly)	Explore £0 or £19, Grow £49, Accelerate custom, excluding VAT	Free CHF 0, Essential CHF 9, Grow CHF 49, Business CHF 119	Free £0, Grow £49, Plus from £199
Card cashback	Not listed	On Grow and Business, depending on transaction volume; rate not listed	Free: 1% on ads, software and travel, 0.5% on other eligible spend. Higher on Grow and Plus. Uncapped
Card payments in other currencies	Not listed	Visa exchange rate passed on 1:1; no card FX fee in the price table	1.8% on Free, 1.5% on Grow and Plus
Domestic transfers	Domestic transfers in EUR, GBP and CHF free	5 a month on Free, then CHF 0.30; unlimited on paid plans	100 included on Free, 250 on Grow, then £0.30 each
International transfers	SWIFT £10 to £20 per transfer	SEPA free on paid plans (CHF 2 on Free); SWIFT CHF 4 out (CHF 27.50 on Free)	3 included on Grow; otherwise from £5 (SHA) or £20 (OUR)
ATM withdrawals	Not listed	CHF 2 in CHF and CHF 5 in EUR in Switzerland; 1.5% abroad	2% in the UK, 2.5% abroad
Cash deposits	Not listed	Not listed	Not listed
Currencies you can hold	Not listed	CHF and EUR	GBP, EUR and USD, with IBANs
Accepting card payments	Online from 1.30% + £0.20 for UK cards	Not listed	Not listed

Where they differ

Based on what each provider lists on its own pages. If a feature isn't listed, check with the provider before you rule it out.

Only Airwallex lists card payments from customers.
Only Incard lists a US dollar account and accounts for LLPs.

What each one is, and who can open one

Airwallex

Airwallex (UK) Ltd is an FCA-authorised e-money institution (FRN 900876). Airwallex says funds are safeguarded in line with local regulations. The FSCS says it can't protect money held with e-money firms.

Who can open one: Businesses registered in a supported country, including the UK and Switzerland (Swiss businesses are onboarded by its Netherlands entity). Companies must be fully incorporated and active. Sole traders are accepted in some locations, including the UK. Industry restrictions apply. Full Airwallex profile.

yapeal

YAPEAL AG, Zurich (UID CHE-485.125.244), holds a FINMA fintech licence under Art. 1b of the Swiss Banking Act. It is not a full bank. No esisuisse depositor protection: YAPEAL says its fintech licence doesn't provide it. It must hold 100% of customer money and deposits it with the Swiss National Bank.

Who can open one: Partnerships, AG, GmbH, foundations and associations registered in the Swiss commercial register; YAPEAL's support pages also describe opening for sole proprietorships. Activation needs a first payment from a Swiss account in the company's name, or in your own name for a sole proprietorship. Full yapeal profile.

Incard

Incard Ltd is authorised by the FCA as an electronic money institution (firm reference number 1027309). It is not a bank. Safeguarded: Incard keeps customer funds separate from its own money, in accounts with authorised credit institutions, and doesn't lend or invest them. Funds are not protected by the FSCS.

Who can open one: UK limited companies and LLPs, UK sole traders and freelancers registered with their local authority, and Swiss GmbH, AG and sole-trader businesses. EEA onboarding is paused until an expected restart in 2027. Public sector bodies, cooperatives, charities, foundations and trusts aren't accepted, and a long list of industries is restricted. Full Incard profile.

Our e-money vs bank account guide explains what safeguarding and FSCS cover mean if a provider fails.

When Incard isn't the answer

Incard isn't the right account if

Your business is registered outside the UK and Switzerland. EEA onboarding is paused until an expected restart in 2027
You're a charity, cooperative, foundation, trust or public body, or work in one of Incard's restricted industries