Holvi Review 2026: Business Account (FI/DE/AT)
Bottom line
Holvi bundles a business account, invoicing and bookkeeping for the self-employed - strong, but only available in Finland, Germany and Austria, and safeguarding not DGS.
| Rating | 3.7 / 5 |
| Type | EMI – Authorised Payment Institution (FIN-FSA, Finland) |
| Best for | Freelancers & micro-businesses in Finland, Germany or Austria wanting banking + invoicing + bookkeeping in one place |
| Serves | Finland, Germany, Austria only — Malta & Cyprus: no |
| Deposit protection | Safeguarding only (no DGS — funds segregated, not insured to €100k) |
| Pricing from | €0/mo (free Flex tier: yes) |
TL;DR: Holvi bundles a business account, invoicing and automatic bookkeeping into one tidy app aimed at the self-employed. It’s a strong pick — but only if you’re in Finland, Germany or Austria. Businesses in Malta, Cyprus or anywhere else cannot open an account, and your money is safeguarded rather than covered by a deposit-guarantee scheme.
Availability & countries
Holvi is one of the most geographically restricted providers on this list. Business accounts are offered in just three markets:
- Finland (FI IBAN)
- Germany (DE IBAN)
- Austria (AT IBAN)
Account owners and admins must live in the EEA, UK or Switzerland. Malta and Cyprus are not supported — if your company is registered there, Holvi is not an option and you should look at a pan-European provider instead.
Regulation & deposit protection
Holvi is not a bank. Holvi Payment Services Ltd is an Authorised Payment Institution regulated by the Financial Supervisory Authority of Finland (FIN-FSA), passported across the EEA.
- Customer money is held as segregated, safeguarded funds.
- There is no deposit guarantee scheme — the usual €100,000 bank-deposit insurance does not apply.
For day-to-day operating cash this is normal for an EMI, but don’t park large reserves you’d want insured.
Pricing
Holvi uses simple monthly tiers, with a free entry plan and discounts for paying annually. Indicative pricing (confirm on your country’s page):
| Plan | Monthly | SEPA transfers | ATM | FX markup |
|---|---|---|---|---|
| Flex | €0 | €0.25 each | 2.5% | ~2.5% |
| Lite | €9 (€4.50 yearly) | 100 free, then €0.25 | 2.5% | ~2% |
| Pro | €15 (€9 yearly) | Unlimited | 2% | 1% |
| Business | €69 (€59 yearly) | Unlimited | 0% to €2,000, then 2% | 1% |
SEPA Instant is included. SWIFT transfers add roughly €0.50–€1. Physical/virtual cards are typically €1–€3/month each beyond what your plan includes.
Key features
- Local IBAN matching your market (FI, DE or AT).
- Built-in invoicing — create, send, track and store invoices.
- Automated bookkeeping with receipt capture, categorisation and tax-prep export.
- Multi-currency transfers in 18 currencies.
- Mastercard business debit card, virtual cards, plus an optional credit card (Germany & Finland only).
- iOS and Android apps.
Note: Holvi’s accounting-integration ecosystem and public API are limited compared with larger fintechs — it leans on its own built-in bookkeeping instead.
Pros
- All-in-one: account, invoicing and bookkeeping in one tool
- Genuine local FI/DE/AT IBAN
- Free Flex tier to start
- SEPA Instant included; unlimited SEPA on Pro and above
- Clear, transparent tiered pricing
- Excellent fit for freelancers and micro-businesses
Cons
- Available in only 3 countries — no Malta or Cyprus
- No deposit guarantee (safeguarding only)
- High FX and ATM fees on lower tiers
- Limited accounting integrations and weak public API
- Credit card restricted to Germany and Finland; no overdraft
Who it’s for
Holvi is ideal for a Finnish, German or Austrian sole trader, freelancer or small company that wants banking, invoicing and bookkeeping under one login. If your business sits outside those three markets — or you need heavy multi-currency, global collection accounts, or insured deposits — choose a pan-European EMI or a licensed bank instead.
Verdict
Within its three home markets, Holvi is a polished, well-priced finance hub for the self-employed. Outside them, it simply isn’t available — which caps its usefulness for the wider European SMB audience. 3.7 / 5.
Fees, plan names and country availability change. Always confirm current pricing and eligibility on holvi.com before opening an account.