ComparisonLast checked 8 November 2026

Incard vs Danske Bank: which suits your business?

Incard is an e-money account that pays uncapped cashback on eligible card spend on a £0 plan, with team cards and GBP, EUR and USD IBANs. Business current accounts from Danske Bank in Northern Ireland for sole traders, partnerships and limited companies with turnover up to £1m, at £9 a month.

By the editorial team. How we make money.

Incard suits you if

You spend thousands a month on cards, especially on advertising, software or travel
You want a £0 plan, which Danske Bank doesn't list
You want card cashback, which Danske Bank doesn't list
You want a US dollar account, which Danske Bank doesn't list
You're comfortable with safeguarding instead of FSCS cover

Danske Bank suits you if

Your business is based in Northern Ireland with turnover up to £1m
You bank mostly online and want free electronic payments on Small Business Digital
You're new to Danske and can use 2 years without fees
You send euro payments within Europe, which are free on the standard service

What a year of card spending earns you

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

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

£708 a year better off with Incard

Incard Free: £600 cashback, £0 fees
Danske Bank's cheapest plan: no cashback, £108 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. Danske Bank's cheapest plan: Small Business Digital: free for 2 years for eligible new Northern Ireland businesses, then £9 a month.

Why we pick Incard over Danske Bank for card spend

Card cashback: Incard: Free: 1% on ads, software and travel, 0.5% on other eligible spend. Higher on Grow and Plus. Uncapped. Danske Bank: Not listed.
Currencies you can hold: Incard: GBP, EUR and USD, with IBANs. Danske Bank: GBP; separate euro and other currency accounts.
Card payments in other currencies: Incard: 1.8% on Free, 1.5% on Grow and Plus. Danske Bank: 2.75%.

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

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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.
	Incard	Danske Bank
Type and protection	E-money · safeguarded, no FSCS	Bank · FSCS cover
Who can open one	UK sole traders, UK limited companies, LLPs, Swiss GmbHs and AGs and Swiss sole traders	UK sole traders and UK limited companies
Cheapest plan	Free: £0 a month	Small Business Digital: free for 2 years for eligible new Northern Ireland businesses, then £9 a month
Plans (monthly)	Free £0, Grow £49, Plus from £199	Small Business Digital £9 (2 years free for eligible new customers); Small Business £9
Card cashback	Free: 1% on ads, software and travel, 0.5% on other eligible spend. Higher on Grow and Plus. Uncapped	Not listed
Card payments in other currencies	1.8% on Free, 1.5% on Grow and Plus	2.75%
Domestic transfers	100 included on Free, 250 on Grow, then £0.30 each	Free on Small Business Digital; 5p on Small Business
International transfers	3 included on Grow; otherwise from £5 (SHA) or £20 (OUR)	Standard euro payments in the qualifying area free; others £20 via District; £7 to receive
ATM withdrawals	2% in the UK, 2.5% abroad	Free on Small Business Digital; 10p on Small Business
Cash deposits	Not listed	Digital: 50p per £100 by cash drop or Post Office, £1.60 at the counter
Currencies you can hold	GBP, EUR and USD, with IBANs	GBP; separate euro and other currency accounts
Accepting card payments	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 Incard lists card cashback, a US dollar account, cards for your team, accounts for LLPs, accounts for Swiss GmbHs and AGs and accounts for Swiss sole traders.
Only Danske Bank lists cash deposits.

What each one is, and who can open one

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.

Danske Bank

Danske Bank is a trading name of Northern Bank Limited, registered in Northern Ireland (R568) and part of Danske Bank Group. It is authorised by the PRA and regulated by the FCA and the PRA (FRN 122261). Eligible deposits with Northern Bank Limited may be protected up to £120,000 by the FSCS.

Who can open one: Sole traders, partnerships and limited companies with turnover up to £1m, applying at 18 or over; everyone involved must verify their identity and UK address. The 2-year fee-free offer is for new customers whose business is registered and trading in Northern Ireland. Full Danske Bank 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

Our pick for card spend

Open an Incard account

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E-money · safeguarded, no FSCS

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