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 Services
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.
Business finance and loans
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’.
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.
- 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.
- 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