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Holvi Business Review

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Calling all entrepreneurs and freelancers: the Holvi Business account might just be for you.

Holvi offers business accounts for entrepreneurs, freelancers and self-employed individuals. These accounts come with an array of features like automatic receipt categorisation for easy accounting and a Business Mastercard for your everyday corporate spending.

This review will explore the features and fees of Holvi business accounts to help you decide which Holvi account is best for you.

€0

Monthly fee

Unlimited

Number of users

500

Local transfers limit

Details

Product NameHolvi Starter
Monthly fee€0
Number of usersUnlimited
Local transfers limit500
Currency conversion fee2% per payment
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More Info

What features do I get with a Holvi business account?

Regardless of which account you choose, these are some standard features that you stand to enjoy.

  • A digital business account. This business account, which can be accessed anytime and anywhere with the Holvi app, comes with a German IBAN, unlimited SEPA transfers and the ability to add an unlimited number of users.
  • A Business Mastercard. Pay on-the-go wherever Mastercards are accepted, worldwide. The Business Mastercard also allows you to withdraw cash globally, receive spending alerts, and get prompted for receipt reminders via Holvi’s app.
  • Online invoicing. Create recurring invoices in a few swipes, and customise your invoices with special logos and designs. Besides creating and sending invoices, Holvi helps you track and store these invoices for end-to-end accounting.
  • Receipt digitisation and analysis. Using Holvi’s app, scan a picture of your receipt, categorise the expense and save the receipt on your phone. These receipts are added directly to your accounting report, and you can export them via Dropbox. This makes it easy for you to export receipts for tax payments.
  • Centralised dashboard. Holvi’s app comes with a centralised dashboard that helps you monitor your real-time balance, while getting an overview of your business’s financial performance.

Business products from Holvi

Data indicated here is updated regularly
Name Product Monthly fee Number of users Local transfers limit
Holvi Starter
€0
Unlimited
500
An online account ideal for new businesses with €0 monthly fees and unlimited SEPA transfers. Includes a Holvi Business debit Mastercard.
Holvi Grower
€12
Unlimited
Unlimited
A full online business account with unlimited SEPA transfers, unlimited invoicing and up to three Holvi Business Debit Mastercards.
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What business accounts are offered by Holvi?

There are two business accounts for you to choose from:

Compare Holvi with business accounts in Germany

Data indicated here is updated regularly
Name Product Monthly fee Number of users Local transfers limit
N26 Business
€0
2
Unlimited
A convenient business account for freelancers. Benefit from cashback, spending categorisation and free foreign currency payments.
Kontist Free Business Account
Kontist Free Business Account
€0
1
Unlimited
Commerzbank Founder offer
€14.90
1
75 per month

Receive €100 opening your account online and enjoy €14.90 per month for the first 2 years

Fidor Smart Business Account
€5
1
N/A
A mobile business account with real-time notifications on your transactions. Includes a digital Mastercard with mobile payment and a Smart Banking app.
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Data indicated here is updated regularly
Name Product Monthly fee Number of users Local transfers limit
Penta Business Advanced plan
Penta Business Advanced plan
€9
2
100
A German IBAN and current account for startups and small businesses that gives you convenient account management, international payments and multi-user support.
Commerzbank Classic business account
€9.90
1
10 per month

Receive €100 opening your account online and enjoy 0 € price for 6 months

Commerzbank Premium business account
€24.90
1
75 per month
NetBank Business Account Basic
€4.85
10
Unlimited
An affordable business account designed for freelancers and self-employed people with mobileTAN, sub accounts and more.
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Data indicated here is updated regularly
Name Product Monthly fee Number of users Local transfers limit
Penta Business Premium plan
Penta Business Premium plan
€19
5
300
A top-tier business account for startups and companies with accounting integrations and international payments. Access it all through a smart mobile app.
bunq easyMoney Business
€9.99
20
N/A
Benefit from multiple accounts, the ability to link your bookkeeping software, receipt linking, employee access, and simple payments.
bunq easyTravel Business
€2.99
1
N/A
Enjoy zero FX fees on your overseas spending and simplify your travel with a range of handy payment features.
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Please note these products are not licenced as banks. Check our product review pages for details.
Data indicated here is updated regularly
Name Product Monthly fee Number of users Local transfers limit
Qonto Solo
€9
1
20
Self-employed account including 1 user and 1 physical one card. It allows up to 20 free transfers
Qonto Standard
€29
5
100
A low-cost business account solution for small businesses and freelancers. Get 2 physical cards and 5 users included along with a number of features.
Holvi Starter
€0
Unlimited
500
An online account ideal for new businesses with €0 monthly fees and unlimited SEPA transfers. Includes a Holvi Business debit Mastercard.
Holvi Grower
€12
Unlimited
Unlimited
A full online business account with unlimited SEPA transfers, unlimited invoicing and up to three Holvi Business Debit Mastercards.
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Is my money safe with Holvi?

Holvi is regulated by the Finnish Financial Supervisory Authority as an authorised payment institution. Additionally, the accounts offered are payment accounts and the deposits are kept as separate customer funds. Do note, however, that deposits are not protected by the deposit guarantee, nor do they receive interest.

On top of this, Holvi accounts come with a host of security features to help you keep your money safe. They offer bank standard security through 2-factor authentication systems and biometric logins for their app. Additionally, you can use Holvi’s app to block your card when suspicious activity occurs, and secure it with Mastercard Identity Check for an extra layer of security.

As such, Holvi is generally considered safe.

How to sign up

You can sign up for Holvi in a few clicks online.

  • Click “Go to Site” on this page to be redirected to Holvi’s website
  • Input your details and verify your identity with a quick video call
  • Provide some information on your business or freelance work
  • Choose the business account that you want

Holvi will get back to you when your account is ready. You can then download Holvi’s app, receive your business Mastercard(s) and start transacting on-the-go.

Documents required

You will need to provide some additional documentation around your business. If you are a freelancer or self-employed person, this would mainly involve your national identification. If you own a business, on the other hand, you may be asked for the following.

  • An excerpt from the commercial register
  • A list of shareholders
  • Articles of Association
  • A Power of Attorney

If your business has any trouble acquiring these documents, do get in touch with Holvi’s customer support team for assistance.

Bottom Line

Holvi offers affordable, handy business accounts for entrepreneurs, freelancers and the self-employed. However, to make sure you get the right account for your business make sure you compare it to the other business accounts on the market.

Frequently asked questions

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