ComparisonLast checked 8 November 2026

Incard vs UBS: 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. A CHF business current account from UBS for start-ups, sole proprietors and SMEs, opened online as the UBS key4 business package with optional debit, prepaid and credit cards.

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Incard suits you if

You spend thousands a month on cards, especially on advertising, software or travel
You want a £0 plan, which UBS doesn't list
You want card cashback, which UBS doesn't list
You want cards for your team, which UBS doesn't list
You're comfortable with safeguarding instead of FSCS cover

UBS suits you if

You want a large Swiss bank with esisuisse cover and a free first year
You make up to 500 CHF or EUR payments a month
You pay cash in at a UBS counter or Bancomat Plus
You're founding a GmbH or AG and want the capital deposit account included

Why we pick Incard over UBS 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. UBS: Not listed.
Currencies you can hold: Incard: GBP, EUR and USD, with IBANs. UBS: CHF; extra current accounts in foreign currencies, including EUR and USD.
Card payments in other currencies: Incard: 1.8% on Free, 1.5% on Grow and Plus. UBS: Not listed.

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

We may earn a commission if you apply.

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	UBS
Type and protection	E-money · safeguarded, no FSCS	Bank · esisuisse cover
Who can open one	UK sole traders, UK limited companies, LLPs, Swiss GmbHs and AGs and Swiss sole traders	Swiss GmbHs and AGs and Swiss sole traders
Cheapest plan	Free: £0 a month	Free for the first year, then CHF 20 a quarter
Plans (monthly)	Free £0, Grow £49, Plus from £199	One account: CHF 20 a quarter after a free first year
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	Not listed
Domestic transfers	100 included on Free, 250 on Grow, then £0.30 each	500 electronic CHF and EUR payments a month free, then CHF 0.30 out and CHF 0.20 in
International transfers	3 included on Grow; otherwise from £5 (SHA) or £20 (OUR)	SEPA no charge; non-SEPA CHF 5 plus third-party charges
ATM withdrawals	2% in the UK, 2.5% abroad	Not listed
Cash deposits	Not listed	Counter deposits free up to CHF 250,000 a quarter, then 1‰; free at UBS Bancomat Plus
Currencies you can hold	GBP, EUR and USD, with IBANs	CHF; extra current accounts in foreign currencies, including EUR and USD
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, cards for your team, accounts for UK sole traders, accounts for UK limited companies and accounts for LLPs.
Only UBS 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.

UBS

UBS Switzerland AG, a wholly owned subsidiary of UBS Group AG, is licensed as a bank in Switzerland, subject to the Swiss Federal Banking Act and supervised by FINMA. UBS Switzerland AG is a member of esisuisse. Swiss depositor protection covers up to CHF 100,000 per customer per bank, with all accounts at the same bank added together.

Who can open one: Start-ups, sole proprietorships and SMEs (AG, GmbH and other legal forms). You must be 18 or over, live in Switzerland and hold a passport or ID card from an approved country. Start-ups also need an AG with CHF 100,000 or a GmbH with CHF 20,000 capital, at least 25% of the shares and individual signing rights in the commercial register. Full UBS 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

Check the eligibility rules first.

E-money · safeguarded, no FSCS

Work out your cashback Check eligibility

Apply for Incard on incard.co

We may earn a commission if you apply.

a month on the Free plan, with team cards: £0
cashback on ads, software and travel; 0.5% on other eligible spend: 1%
IBANs in three currencies: GBP, EUR, USD

Visit UBS

More: UBS alternatives, all comparisons.

Sources

All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.

Show all 13 sources

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