ComparisonLast checked 8 November 2026

Incard vs yapeal: 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 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.

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 US dollar account, which yapeal doesn't list
You're comfortable with safeguarding instead of FSCS cover

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

Why we pick Incard over yapeal 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. yapeal: On Grow and Business, depending on transaction volume; rate not listed.
Currencies you can hold: Incard: GBP, EUR and USD, with IBANs. yapeal: CHF and EUR.
Card payments in other currencies: Incard: 1.8% on Free, 1.5% on Grow and Plus. yapeal: Visa exchange rate passed on 1:1; no card FX fee in the price table.

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	yapeal
Type and protection	E-money · safeguarded, no FSCS	E-money · safeguarded, no FSCS
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: CHF 0 a month
Plans (monthly)	Free £0, Grow £49, Plus from £199	Free CHF 0, Essential CHF 9, Grow CHF 49, Business CHF 119
Card cashback	Free: 1% on ads, software and travel, 0.5% on other eligible spend. Higher on Grow and Plus. Uncapped	On Grow and Business, depending on transaction volume; rate not listed
Card payments in other currencies	1.8% on Free, 1.5% on Grow and Plus	Visa exchange rate passed on 1:1; no card FX fee in the price table
Domestic transfers	100 included on Free, 250 on Grow, then £0.30 each	5 a month on Free, then CHF 0.30; unlimited on paid plans
International transfers	3 included on Grow; otherwise from £5 (SHA) or £20 (OUR)	SEPA free on paid plans (CHF 2 on Free); SWIFT CHF 4 out (CHF 27.50 on Free)
ATM withdrawals	2% in the UK, 2.5% abroad	CHF 2 in CHF and CHF 5 in EUR in Switzerland; 1.5% abroad
Cash deposits	Not listed	Not listed
Currencies you can hold	GBP, EUR and USD, with IBANs	CHF and EUR
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 a US dollar account, accounts for UK sole traders, accounts for UK limited companies and accounts for LLPs.

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.

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.

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

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