BusinessFinancing.co.uk

Compare Business Bank Accounts & Loans

In partnership with:
NerdWallet, Swoop & Capital On Tap

Holvi Business Banking

Holvi is a relatively new digital bank account for small businesses. It’s 100% online and can be managed 24/7 on your desktop or phone. The platform launched in Finland in 2011, is available throughout Europe, and headquartered in Helsinki, Berlin and Madrid. Holvi has is authorised by the Finnish Financial Supervisory Authority (FIN-FSA) to operate within the European Economic Area (EEA). The platform recently announced it had 150,000 businesses on board across Europe.

Holvi Business Banking

Holvi Business Banking Services

Current Accounts

Like many other digital bank accounts, Holvi includes helpful bookkeeping and accounting tools as well as the usual banking features you’d expect, like payments and bank transfers. So a solid choice for new businesses.

Everything will be calculated for you. This includes tracking all your payments and expenses from your phone or laptop, as well as automated VAT calculations, and easy invoices you can send to your customers and clients. You’ll also get a free MasterCard debit card.

The free version includes 1 debit card, 1 user, unlimited transfers, and a 2.5% withdrawal charge at cash machines. For £9 a month, you’ll get all that plus unlimited invoicing.

Savings account

Not available.

Overdrafts

Not available.

Business finance and loans

Not available.

Holvi Reviews and Ratings

There are a few Trustpilot reviews and they’re mainly very positive. 69% of reviewers rate Holvi 5/5. Customers think it’s fast, modern, efficient, and convenient. There’s just one review on Smart Money People, which is fairly average and 2 years old. The customer thinks there are a few hidden fees and caveats in the small print, but some of these issues could have been ironed out in the meantime.

There are no live reviews on Reviews.co.uk. Holvi isn’t included in the Which? list of ‘Best & Worst Banks’.

Holvi was called Finland’s hottest startup by Wired and “bought by Spanish bank BBVA” in 2016. The startup had 150,000 customers as of summer 2019.

Originally, Holvi was available in Germany, Austria and Finland, experiencing 60% growth from 2017 to 2018. Holvi announced launches in Ireland, Italy, Belgium, France and the Netherlands in summer 2019.

Trustpilot –  4.2/5 (based on 277 reviews)
Reviews.co.uk – no reviews
Smart Money People – 3/5 (based on 1 review)
Which?
– not included

Pros

  • The free version includes a lot of essential features, so you might not need to pay a penny.
  • Smart, intuitive features that are easy to manage 24/7.
  • Great reviews from customers.

Cons

  • The only difference between the free and paid versions is invoicing, which might not be worth £9 a month to some businesses.
  • Still very new to the UK, so could be some teething problems for account holders.

Website: Holvi Business Banking

Disclaimer: Businessfinancing.co.uk is a business finance and lending research and information website publisher. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. We can't recommend any of the products and/or services featured on the site. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.



business bank account

Top 51 Business Bank Accounts

Top 47 Startup & New Business Bank Accounts

Top 17 Business Overdrafts

Top 35 Business Savings Accounts

free business banking

Top 20 Free Business Bank Accounts

Top 41 Sole Trader Bank Accounts

About Us · Contact US · Privacy Policy · Terms of Use
Copyright © 2021 BusinessFinancing.co.uk