🏠 Expense Cards» Best Prepaid Business Cards UK (2026)
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Best Prepaid Business Cards UK (2026)
Tide leads for sole traders and small businesses needing a free account with FSCS protection. Soldo and Pleo are the pick of the dedicated expense platforms for UK SME teams.
A prepaid card suits businesses that need employee spend controls without taking on credit. A business account is the better starting point if the same product must also receive income and pay bills.
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Best Prepaid Business Cards at a Glance
Best Prepaid Business Cards at a Glance: Monthly Fee · Best For · FX Rate
Provider
Monthly Fee
Best For
FX Rate
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TideFree + expense tools
Free
Free banking + invoicing
Free plan: 2.75% on overseas card use. Smart, Pro and Max: 0%
Pricing verified from provider websites, April 2026. Tide: tide.co/pricing. Soldo: soldo.com/en-gb/pricing. Pleo: pleo.io/en/pricing. Payhawk: quote-based for enterprise. Equals Money: equalsmoney.com/pricing. Caxton: quote-based. Wallester: wallester.com/pricing. Card One Money: cardonemoney.com.
Prepaid Business Card vs Expense Platform vs Business Account: What You’re Buying
Choose by the job you need the card to do. Tide, Soldo, Caxton, Equals Money, Card One Money and Wallester focus on controlled card spending, while Pleo, Payhawk and Moss put expense management around the card.
ANNA, Revolut, Zempler, Airwallex and Wise are different again. Their cards spend from a business current or multi-currency account that can also receive and send money.
These products use money the business already holds, so standard prepaid use does not require a credit check or build your business credit file. If access to credit or credit-file building matters, see our business credit cards guide instead.
The regulatory category matters more than the product name. Under the UK Electronic Money Regulations 2011, FCA-authorised e-money institutions must hold 100% of customer funds in segregated accounts at Tier 1 banks.
If the EMI fails, those funds are ring-fenced from operational creditors. Recovery isn’t instant, but your money isn’t mixed with the company’s own cash.
Tide and Zempler are the exceptions: both hold current account balances in FSCS-protected accounts (up to £120,000), not just safeguarded e-money. If you’re holding a significant float for payroll or supplier payments, that distinction matters.
Moss is the one provider where the structure is less obvious: cards are issued by Transact Payments Limited, and the e-money infrastructure is provided by Airwallex UK Limited (FRN 900876) rather than by Moss itself.
The cards still work in the ordinary way, but the regulated infrastructure sits with Moss’s partners rather than Moss itself. We confirmed that chain from Moss’s own terms.
Section 75 of the Consumer Credit Act doesn’t apply to any of these products. That protection only covers regulated consumer credit. For high-value purchases where a supplier dispute is possible, a credit card gives you stronger chargeback rights in practice.
Every Prepaid Business Card Reviewed
The prices and conditions come from each provider’s own pricing page and terms, which we read for the April 2026 figures. Where pricing is quote-based (Caxton Business, Payhawk enterprise), we say so rather than filling the gap with an estimate.
Tide Free Business Account
Top pick: free business account with expense features and FSCS-protected deposits
Top pick: free business account with expense features and FSCS-protected deposits
Tide Free Business Account
Tide is a free business current account with a Mastercard debit card, receipt capture, expense categories, and tax pots built in.
Best for: Sole traders and small businesses wanting a free all-in-one account with built-in expense tools and FSCS protection.
Watch out: Not a dedicated expense management platform, Pleo or Soldo offer deeper multi-user controls. ATM fee of £1 after first free monthly withdrawal.
Not ideal if: Businesses needing an overdraft, branch access, or a multi-currency account that holds foreign-currency balances
Free plan£0/month. 5 free transfers in or out per month, then 20p each. 3 free invoices per month.
Smart plan£12.49/month (or £99.99/year). 30 free transfers then 20p each.
Pro plan£27.49/month (or £219.99/year). Unlimited transfers.
Max plan£69.99/month (or £559.92/year). Unlimited transfers and invoicing.
FX fee (free plan)2.75% on overseas card use
FX fee (paid plans)0% on overseas card use
International paymentsSend and receive supported (SEPA and SWIFT); not a multi-currency holding account
FSCS protectionYes, up to £120,000 (new accounts via ClearBank)
Eligible entitiesSole traders and freelancers, and UK limited company directors (not partnerships or LLPs)
Eligibility: Sole traders, limited companies, LLPs, partnerships. Apply at tide.co.
Not ideal if: Businesses needing an overdraft, branch access, or a multi-currency account that holds foreign-currency balances
Watch out: Not a dedicated expense management platform, Pleo or Soldo offer deeper multi-user controls. ATM fee of £1 after first free monthly withdrawal.
No monthly fees on free plan
New accounts FSCS-protected up to £120,000 via ClearBank
Built-in invoicing and expense management
Fast setup, open in minutes
Accounting integrations with Xero, QuickBooks, FreeAgent and Sage
Company formation service included
Only 5 free transfers a month on the free plan, then 20p each way
Free, Smart and Pro cap invoicing at 3 a month; only Max is unlimited
2.75% FX fee on overseas card use on the free plan
No overdraft facility, and not a multi-currency account for holding foreign balances
Some legacy e-money accounts are safeguarded, not FSCS-protected
No branch access; partnerships and LLPs not eligible
Integrated invoicing: create, send and track from the app (3 a month on Free, Smart and Pro; unlimited on Max)
Automatic expense categorisation and receipt scanning
Direct integrations with Xero, QuickBooks, FreeAgent and Sage
Company formation from £1 with the Company Secretary subscription, or £14.99 stand-alone
Soldo Business Expense Cards
Best for controls: per-card spend limits and real-time tracking for SME teams
Best for controls: per-card spend limits and real-time tracking for SME teams
Soldo Business Expense Cards
Soldo is the clearest choice for a UK SME that needs to issue cards to multiple employees with individual spend limits.
Best for: UK limited companies wanting multi-card expense management with a free entry tier.
Watch out: Sole traders not eligible. Moss is not itself FCA-regulated, funds safeguarded via Airwallex UK (EMI partner, FRN 900876). Card spending abroad costs the Mastercard rate plus a 2% FX fee from the card issuer, and Moss publishes no ATM withdrawal fee.
Not ideal if: Sole traders; businesses needing simple self-serve pricing; anyone requiring FSCS protection
Eligibility: UK limited companies and LLPs. Apply at getmoss.com. Sole traders: not eligible.
Not ideal if: Sole traders; businesses needing simple self-serve pricing; anyone requiring FSCS protection
Watch out: Sole traders not eligible. Moss is not itself FCA-regulated, funds safeguarded via Airwallex UK (EMI partner, FRN 900876). Card spending abroad costs the Mastercard rate plus a 2% FX fee from the card issuer, and Moss publishes no ATM withdrawal fee.
Free Starter plan for up to 3 users
Unlimited virtual and physical Mastercards on all plans
Best for: Businesses wanting low-cost large virtual card allocations, or tech teams needing API-driven card issuance.
Watch out: Accounting integrations need the €199 Premium plan. Currency conversion is the Visa rate plus 2%. Visa network (not Mastercard), and digital-first, so less suited to businesses wanting phone-based support.
Not ideal if: Businesses needing traditional banking features like overdraft or cheques
Eligibility: UK-registered businesses and sole traders. Apply at wallester.com.
Not ideal if: Businesses needing traditional banking features like overdraft or cheques
Watch out: Accounting integrations need the €199 Premium plan. Currency conversion is the Visa rate plus 2%. Visa network (not Mastercard), and digital-first, so less suited to businesses wanting phone-based support.
300 virtual cards included free, then EUR 0.35 each per month
Physical cards free to issue on every plan
Strong per-card spending controls and instant freeze
FCA-authorised electronic money institution since May 2026
Not a full business bank account
Accounting integrations require the EUR 199 Premium plan
Currency conversion at the Visa rate plus 2%
No FSCS protection: funds are safeguarded instead
300 virtual Visa cards on the free plan, up to 18,000 on Platinum
Unlimited physical cards, free to issue, EUR 5 delivery
Real-time expense tracking and per-card controls
UK sort code and account number, plus 10 held currencies
Xero and QuickBooks integration on Premium and above
Card One Money Business Account
Guaranteed acceptance: no credit check, prepaid Mastercard for any business
Guaranteed acceptance: no credit check, prepaid Mastercard for any business
Card One Money Business Account
Card One Money is a prepaid-style business Mastercard account with guaranteed acceptance, no credit check required.
Best for: Businesses with poor credit history or those turned down for mainstream business accounts.
Watch out: £55 setup fee plus £12.50/month. Not the cheapest if you qualify for a mainstream account. ATM and transaction fees apply.
Not ideal if: Businesses that can qualify for a free account elsewhere
Eligibility: Open to most UK businesses including sole traders. No credit check. Apply at cardonemoney.com.
Not ideal if: Businesses that can qualify for a free account elsewhere
Watch out: £55 setup fee plus £12.50/month. Not the cheapest if you qualify for a mainstream account. ATM and transaction fees apply.
No credit check required to open
Guaranteed acceptance regardless of credit history
PayPoint cash deposit locations
Available to CCJs, bankruptcies, and defaults
£55 setup fee
£12.50/month ongoing charge
Transaction fees on most operations
No FSCS protection (e-money safeguarded)
Significantly more expensive than free alternatives
Guaranteed account opening with no credit check
PayPoint cash deposit network access
Business Mastercard included
Suitable for businesses with adverse credit history
Also consider
Business Accounts That Behave Like Prepaid Cards
ANNA, Revolut, Zempler, Airwallex, and Wise are business current accounts or multi-currency accounts, not prepaid card products. You spend what’s in the account, so they behave like prepaid for day-to-day spend control.
A standalone card from Soldo or Pleo is primarily an expense-management tool. You load the account, staff spend within their limits, and the software records the receipts against those purchases.
A business current account such as ANNA or Revolut is your main business account: income lands there, expenses go out from there, and the debit card simply spends your balance. What protects that balance differs. ANNA is an e-money institution, so your money is safeguarded rather than FSCS-protected, while eligible deposits held with Revolut Bank UK Ltd are FSCS-protected up to £120,000 per eligible company depositor. Some businesses that applied during Revolut’s phased rollout were opened with Revolut Ltd instead, so check the entity named on your own statement. Zempler is a licensed bank too.
If you want one product that handles both payment receiving and business spending, without taking on credit, these are worth considering before taking a separate prepaid card.
ANNA Business Account (Free plan)
Business current account: works like prepaid for spend control, with tax and invoicing tools
Business current account: works like prepaid for spend control, with tax and invoicing tools
ANNA Business Account (Free plan)
ANNA is a business current account, not a prepaid card.
Best for: Sole traders wanting an all-in-one current account with built-in tax and invoicing tools.
Watch out: Not a prepaid card, a business current account. Per-transaction fees can add up at high volumes.
Not ideal if: Businesses making many daily transactions or needing FSCS deposit protection
Free plan£0/month. Unlimited outgoing transfers. First £1,000 of incoming payments each month free, then 0.95% commission. Checked on anna.money, 23 September 2026.
Grow plan£12.90/month + VAT. 15 free transfers in and out each month, then 27p each.
Business plan£22.90/month + VAT. 60 free transfers in and out each month, then 20p each.
Big Business plan£59.90/month + VAT. Unlimited free transfers.
+Taxes add-on£29.00/month + VAT. For limited companies only.
Incoming-payment cost exampleA freelancer receiving £5,000/month in client payments on the free plan pays £38 in commission (0.95% of the £4,000 above the free £1,000), before any other fees.
FX fee1% currency conversion on card payments abroad
International SWIFT transfers£5 per payment
Accounting integrationsBuilt-in tax and expense tools (limited third-party integrations)
OverdraftNot available
FSCS protectionNo on the main account (e-money, safeguarded under the Electronic Money Regulations 2011). ANNA’s separate Griffin easy-access savings account is FSCS protected up to £120,000.
Eligibility: Sole traders, LTDs, LLPs. Apply at anna.money.
Not ideal if: Businesses making many daily transactions or needing FSCS deposit protection
Watch out: Not a prepaid card, a business current account. Per-transaction fees can add up at high volumes.
AI-powered receipt scanning and tax calculations
Automatic expense categorisation
Built-in invoicing with payment chasing
Company formation through the app
No monthly fee on the Free plan suits businesses with modest incoming payments
0.95% commission on incoming payments above £1,000 a month on the free plan makes it expensive for freelancers with regular client revenue: £38/month on £5,000 of receipts
On Grow, transfers in and out beyond 15 a month cost 27p each
No FSCS protection on the main account (e-money safeguarded; only the separate Griffin savings account is FSCS protected)
Not a Current Account Switch Service participant
Limited third-party integrations
No overdraft facility
AI receipt scanning, photograph and auto-categorise expenses
Best for: Businesses already using Revolut wanting multi-currency debit cards alongside their account.
Watch out: Not a dedicated expense platform. Card features limited on lower tiers.
Not ideal if: Businesses that need branch access, cash deposits, or an overdraft, and anyone whose monthly FX volume regularly spikes above the plan allowance
Basic plan£10/month (no annual discount)
Grow plan£35/month billed monthly, or £30/month effective on annual billing (£360/year)
Scale plan£125/month billed monthly, or £90/month effective on annual billing (£1,080/year)
FX allowance (Basic)£1,000/month at interbank rate, then 0.6% markup
FX allowance (Grow)£15,000/month at interbank rate, then 0.6% markup
FX allowance (Scale)£60,000/month at interbank rate, then 0.6% markup
Currencies held25+
Local account detailsGBP, EUR, USD
Team cardsYes (physical and virtual, with spend limits and controls)
FSCS protectionUp to £120,000 on eligible deposits held by Revolut Bank UK Ltd. Check your account terms for your contracting entity.
Eligible entitiesLimited companies, LLPs and partnerships; sole traders unclear, Revolut’s own sources disagree
Eligibility: UK-registered businesses. Apply at revolut.com/business.
Not ideal if: Businesses that need branch access, cash deposits, or an overdraft, and anyone whose monthly FX volume regularly spikes above the plan allowance
Watch out: Not a dedicated expense platform. Card features limited on lower tiers.
FSCS protection up to £120,000 on bank entity accounts
Interbank FX rate inside the monthly allowance
Team expense cards with per-card spend limits and controls
Invoicing on every plan including Basic
API access on Grow and Scale plans
No cash or cheque deposits at all, which rules it out as a sole account for takings
Grow is £35/month and Scale is £125/month when billed monthly
FSCS cover follows the entity, so it is worth checking which one your statement names rather than assuming
No overdraft facility
FX carries a 0.6% markup above the monthly allowance
Multi-currency accounts with interbank FX inside monthly allowances
Team expense cards with custom spending limits and merchant controls
Best for: Businesses with difficult credit history wanting a real bank account rather than an e-money account.
Watch out: Not an expense management platform. Limited integrations vs Pleo or Soldo. Transaction fees on the free tier.
Not ideal if: Businesses needing deep third-party accounting integrations like Xero or QuickBooks
Business Go (free)£0/month. 3 free UK bank transfers/month, then 35p each.
Business Extra£9/month. 20 free transfers/month, then 35p each.
Business Pro£19/month. 500 free transfers/month, then 35p each. Includes 0.5% interest-earning savings pot.
Card purchasesFree
OverdraftUp to £10,000 subject to eligibility. Limited companies can apply at account opening; sole traders qualify after 3 months. First £5 interest-free.
Built-in bookkeepingYes, free on all plans: receipt scanning, invoicing, expense categorisation
MTD for Income TaxBuilt in on all plans
Tap to PayFree in-app via Stripe (iPhone XS+ / Android NFC). No Zempler fee; standard Stripe rate applies.
Cash depositsPost Office: £4 minimum or 0.55% of deposit, whichever is greater
FSCS protectionUp to £120,000 (Zempler Bank Ltd)
Phone supportUK line on all plans: 8am-6pm Mon-Fri, 8am-4pm Sat, closed Sun. Lost or stolen cards 24/7.
Eligibility: UK-registered businesses and sole traders. Apply at zemplerbank.com.
Not ideal if: Businesses needing deep third-party accounting integrations like Xero or QuickBooks
Watch out: Not an expense management platform. Limited integrations vs Pleo or Soldo. Transaction fees on the free tier.
Built-in accounting, invoicing and MTD tools at no extra cost
FSCS protected up to £120,000
No monthly fees
Overdraft facility available, rare for a digital bank
UK phone support on every plan, including the free Business Go tier
Free in-app Tap to Pay for accepting contactless card payments, no separate reader or Zempler fee
Only 3 free bank transfers/month on the free Business Go plan, then 35p each
Third-party accounting integrations more limited than Tide or Starling
Fewer digital features than Tide or Starling
Relatively small user base
Free business current account with built-in accounting, invoicing and MTD tools
FSCS deposit protection up to £120,000
No monthly account fees
Free payments a month by plan: 3 on Business Go, 20 on Extra (£9), 500 on Pro (£19), then 35p each
In-app Tap to Pay (via Stripe) to accept contactless card payments, free of any Zempler fee
Airwallex Business Explore Account
Multi-currency account: interbank +0.5% FX, best for international businesses
Multi-currency account: interbank +0.5% FX, best for international businesses
Airwallex Business Explore Account
Airwallex offers multi-currency business accounts with Visa debit cards and FX at interbank rate + 0.5%, significantly cheaper than most high-street bank FX.
Best for: Sole traders and businesses regularly paying or receiving money internationally at low FX cost.
Watch out: Not an expense management platform. Per-transfer fees apply. No FSCS protection.
Not ideal if: Businesses that only transact in pounds, or that need cash and cheque handling, an overdraft, or FSCS deposit protection
Monthly feeFree (one-off £50 setup unlocks full features)
FX rateMid-market rate, no markup
FX conversion feeFrom 0.33% (shown upfront before you confirm)
Currencies held40+
Account details to receive22 currencies (free domestic receipt in 9)
Business and employee cardsYes. Employee expense cards from £3 each with spending controls
Getting paid by cardYes. 1% UK cards, 2.9% international; invoices, links and QR codes
Accounting and APIXero, QuickBooks, FreeAgent; free API; batch payments up to 1,000
Overdraft or lendingNot available
FSCS protectionNo. Funds are e-money safeguarded under FCA rules, not FSCS-protected
Eligible entitiesSole traders, limited and public companies, partnerships
Eligibility: UK-registered businesses and sole traders. Apply at wise.com/business.
Not ideal if: Businesses that only transact in pounds, or that need cash and cheque handling, an overdraft, or FSCS deposit protection
Watch out: Not an expense management platform. Per-transfer fees apply. No FSCS protection.
Real mid-market exchange rate with the fee shown upfront from 0.33%
Hold and convert 40+ currencies; account details to receive in 22
Invoices, payment links, card acceptance, batch payments and a free API
Open to sole traders and freelancers (Revolut Business is not)
No monthly fee on the account
Not a full UK bank account: no overdraft or lending
No FSCS deposit protection (e-money safeguarded only)
No cash or cheque handling
Full receiving features need a one-off £50 setup
Multi-currency account: hold and convert 40+ currencies
Real mid-market rate with the fee shown upfront from 0.33%
Account details to receive in 22 currencies (free domestic receipt in 9)
Invoices, payment links and card acceptance (1% UK, 2.9% international)
Free API, batch payments up to 1,000, and Xero/QuickBooks/FreeAgent
Who Should Not Use a Prepaid Business Card
If your business spends £200,000 or more per year and you can get a business credit card, the opportunity cost is real. A 1% cashback card (Capital on Tap, Barclaycard Select Cashback) earns £2,000/year on that spend. Prepaid earns zero.
Over five years, that’s £10,000 not earned. If you clear the balance monthly and qualify for a cashback card, we recommend the credit card first.
Section 75 protection is the other consideration. Prepaid chargeback rights exist, but they’re weaker than the statutory rights you get with a credit card.
If you’re regularly paying large deposits to suppliers, say, £3,000 to a trade show organiser, a credit card gives you a cleaner path if the supplier fails.
And if you’re trying to build a business credit profile for future loan applications, prepaid does nothing for you. Credit bureaux don’t see prepaid or debit spend.
Responsible use of a business credit card is one of the few ways to actively build a business credit score with Experian or Equifax.
Prepaid Business Card FAQs
Do prepaid business cards require a credit check?
No, for standard prepaid usage. You’re spending your own money. Providers run identity verification (KYB/KYC) and may check director IDs, but not credit scores for prepaid. Exception: Moss Credit applies a credit check for the credit facility within Moss.
Can sole traders get prepaid business cards?
Yes for most, but not all. Tide: yes. Caxton: yes. Equals Money: yes. Card One Money: yes. Wallester: yes. Pleo: aimed at limited companies and SMEs, and it does not publish a yes or no for sole traders anywhere on its UK site. Soldo: primarily multi-user SMEs. Payhawk: no. Moss: no.
What happens to my money if a prepaid card provider fails?
FCA-regulated EMIs must safeguard your funds in segregated accounts at Tier 1 banks. If the provider becomes insolvent, those funds are ring-fenced from operational creditors. Recovery isn’t as fast as FSCS, which by law pays most depositors automatically within seven working days, but the provider’s own debts cannot touch your money. Don’t hold more than you need in a prepaid wallet.
Are prepaid Mastercards accepted everywhere?
Mostly yes. Tide, Soldo, Pleo, Equals Money, Caxton, Moss, and Card One Money all issue Mastercard. Payhawk and Wallester issue Visa. Some merchants restrict prepaid acceptance, particularly at fuel pumps, where the pump pre-authorises a sum it cannot hold on a prepaid card, and at car hire desks and hotels for the same reason.
Can I use a prepaid business card abroad?
Yes, but check the FX fee first. Soldo: 1%. Pleo: 2.49% Starter, 1.99% paid plans. Payhawk: 1.99%. Equals Money: free for held currencies, 1.5% outside. Caxton: 2.49% outside held currencies, free ATM withdrawals. For regular international spend, Equals Money’s pre-loaded currency wallets give the most FX control; hold euros or dollars and pay zero markup when you spend them.
Final Verdict: Which Prepaid Business Card?
Tide is the best starting point for most sole traders and small businesses because it combines a free account, FSCS protection via ClearBank and everyday expense tools. If your accountant is chasing you for receipts, Tide’s receipt capture deals with that without adding a monthly fee.
For teams needing individual per-card controls, Soldo is the clearest dedicated expense platform. The per-user model is predictable. At under 15 users, it’s cheaper than Payhawk.
At 20+ users, we recommend comparing Payhawk Growth (£149/month flat) against Soldo’s per-user pricing before deciding.
For teams of 1–3 people, start with Pleo’s free tier. Three users, full expense automation, and accounting integrations at no cost is hard to beat. The £5 ATM fee per withdrawal is the main friction point, if your team takes cash often, use Soldo instead.
Equals Money gives you more control over regular international spending because you can preload euros or dollars. Purchases then come from that currency balance without an FX markup.
If you can get a cashback business credit card and clear it monthly, reconsider before going prepaid. The reward upside over a full year of business spending is substantial.
Prepaid makes most sense when credit is genuinely unavailable, when spend control across a team is the primary requirement, or when you specifically need to avoid any credit exposure.
Ranking criteria. We ranked providers on cost, eligibility, features, and ease of access. Cost and protection carry the heaviest weight because these matter across every business type and rarely change with reader preferences.
Data sources. The April 2026 prices and conditions come from each provider’s own terms and pricing pages, which we read for this comparison. We checked every safeguarding and FSCS claim against the FCA register because protection depends on the legal entity holding your money.
Update cadence. We recheck pricing, eligibility and terms regularly, with the page showing the date of the latest full review. Some links on this page are affiliate links; see our editorial policy.
Tide Free Business AccountTop pick: free business account with expense features and FSCS-protected deposits
Soldo Business Expense CardsBest for controls: per-card spend limits and real-time tracking for SME teams
Pleo Business Expense CardsBest free expense tier: up to 3 users at no cost with full AI receipt capture
Payhawk Spend Management PlatformMid-market spend management: Growth plan £149/month; enterprise from ~£550/month
Equals Money Business Prepaid CardBest for FX: free to spend in 21 currencies when pre-loaded; 1.5% otherwise
