ComparisonLast checked 8 November 2026

Incard vs Valiant: 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 account packages from a Swiss bank for self-employed people and SMEs, with a free Basis set and paid sets that add accounts, bookings and Debit Mastercards.

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 card cashback, which Valiant doesn't list
You want a US dollar account, which Valiant doesn't list
You want cards for your team, which Valiant doesn't list
You're comfortable with safeguarding instead of FSCS cover

Valiant suits you if

You want a free business account at a Swiss bank with esisuisse cover
You make few bookings, or you'd pay a set fee for unlimited ones
You withdraw cash abroad and want no Valiant ATM fees
You also bank privately with Valiant and could get three years free

Why we pick Incard over Valiant 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. Valiant: Not listed.
Currencies you can hold: Incard: GBP, EUR and USD, with IBANs. Valiant: CHF or a foreign currency, including EUR.
Card payments in other currencies: Incard: 1.8% on Free, 1.5% on Grow and Plus. Valiant: 1.5% on Debit Mastercard payments abroad.

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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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	Valiant
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	Business Set Basis: free
Plans (monthly)	Free £0, Grow £49, Plus from £199	Basis free, Plus CHF 10, Premium CHF 20
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	1.5% on Debit Mastercard payments abroad
Domestic transfers	100 included on Free, 250 on Grow, then £0.30 each	Free by e-banking; bookings beyond the set CHF 0.25 each
International transfers	3 included on Grow; otherwise from £5 (SHA) or £20 (OUR)	SEPA euro payments free; other payments CHF 5
ATM withdrawals	2% in the UK, 2.5% abroad	Free worldwide with a Business Set Debit Mastercard, excluding third-party fees
Cash deposits	Not listed	Night safe deposits CHF 10 per container; 1% on foreign-currency cash
Currencies you can hold	GBP, EUR and USD, with IBANs	CHF or a foreign currency, including EUR
Accepting card payments	Not listed	Discounts on wallee payment terminals and e-commerce; prices 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 UK sole traders, accounts for UK limited companies and accounts for LLPs.
Only Valiant lists cash deposits and card payments from customers.

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.

Valiant

Valiant Bank AG, Bern, a Swiss bank registered in the Bern commercial register (CHE-105.944.759). Deposits are protected up to CHF 100,000 per customer by esisuisse.

Who can open one: Self-employed people and SMEs, including companies being founded or raising capital through a capital deposit account. Valiant addresses people and companies with residence or registered seat in Switzerland; customers domiciled abroad pay a surcharge. Full Valiant 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

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E-money · safeguarded, no FSCS

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