ComparisonLast checked 8 November 2026

Incard vs Soldo: which is better for company cards?

Soldo sells prepaid company cards and budget wallets that sit alongside your bank account, from £27 a month plus VAT with no free plan. Incard is a business account with team cards on a £0 plan, GBP, EUR and USD IBANs and uncapped cashback on eligible card spend. Soldo doesn't list cashback.

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Incard suits you if

You want team cards without a monthly fee
You want your team's ads, software and travel spend to earn cashback
You want a full account with IBANs, not cards topped up from another account
You're a sole trader, which Soldo says it can't currently accept

Soldo suits you if

You want prepaid staff cards alongside your existing business bank account
You want separate wallets for team budgets in GBP, EUR or USD
You want to set card rules and limits before money is spent

What a year of card spending earns you

Incard Free against Soldo Standard, at your monthly spend on ads, software and travel.

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

£924 a year better off with Incard

Incard Free: £600 cashback, £0 fees
Soldo Standard: no cashback, £324 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. Soldo Standard is £27 a month plus VAT; we've used £27. Soldo doesn't list cashback.

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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	Soldo
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	UK limited companies
Cheapest plan	Free: £0 a month	Standard: £27 a month + VAT
Plans (monthly)	Free £0, Grow £49, Plus from £199	Standard £27, Plus £39 a month + VAT; Unlimited on request
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	Mastercard rate + 1.5%
Domestic transfers	100 included on Free, 250 on Grow, then £0.30 each	£0.75 by Faster Payments; up to 20 a month on Standard, 30 on Plus
International transfers	3 included on Grow; otherwise from £5 (SHA) or £20 (OUR)	SEPA €0.75, SEPA Instant €1.50; SWIFT not listed
ATM withdrawals	2% in the UK, 2.5% abroad	1%, minimum £2
Cash deposits	Not listed	Not offered
Currencies you can hold	GBP, EUR and USD, with IBANs	GBP, EUR and USD wallets; multi-currency on Plus and Unlimited
Accepting card payments	Not listed	Not listed

Account or add-on

Soldo describes itself as working alongside your business bank account rather than replacing it: you load money into Soldo wallets and spend from prepaid Mastercard cards. Withdrawing your balance back to your bank costs £20 by Faster Payments.

Incard is a business account in its own right, with GBP, EUR and USD IBANs, local and international transfers and team cards. You can use it as your only account, or next to a bank for reserves.

What it costs

Plans: Soldo Standard £27 and Plus £39 a month plus VAT, Unlimited on request, with a 30-day trial. Standard includes 1 wallet, 3 users and 3 cards; Plus adds 3 company wallets and multi-currency. Incard Free is £0.
Cards: Soldo charges £5 per plastic card and £1 per virtual card. Incard Free includes team cards.
Card payments in other currencies: Mastercard's rate plus 1.5% on Soldo; 1.8% on Incard Free and 1.5% on Grow and Plus.
Transfers out: £0.75 by Faster Payments on Soldo, up to 20 a month on Standard. Incard Free includes 100 local transfers, then £0.30.
ATM withdrawals: 1% (minimum £2) on Soldo; 2% in the UK and 2.5% abroad on Incard.

Cashback: only Incard pays it

Soldo doesn't list cashback. Incard pays 1% on advertising, recurring software and travel and 0.5% on other eligible spend on Free, uncapped. If your team puts £5,000 a month on ads and software, that's about £600 a year back on Incard, against £324 a year in plan fees on Soldo Standard before VAT. Simple arithmetic, not a forecast; see which brands count.

Protection and eligibility

Both are FCA-authorised e-money institutions that safeguard your money, and neither is covered by the FSCS. Soldo accepts incorporated businesses only and says it can't currently accept sole traders. Incard accepts UK limited companies, LLPs and sole traders, and Swiss GmbH, AG and sole-trader businesses.

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 verdict

Incard gives you team cards, IBANs and cashback on a £0 plan, so for most small teams it costs less and pays back more. Soldo is the better fit if you want strict prepaid budgets in separate wallets and are happy to keep your main account elsewhere.

Our pick for card spend

Open an Incard account

Check the eligibility rules first.

E-money · safeguarded, no FSCS

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