Holvi review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Holvi suits freelancers, businesses and expats who want a single free multi-currency account that pays interest daily on the minimum balance. The trade-off is a variable headline rate of 1% to 1.5%, deposits covered by EU DGS up to EUR 100,000, and a service that is digital only.
Key facts
- Best for
- A free multi-currency account for freelancers and small businesses that pays interest on the daily balance.
- Headline rate
- 1% to 1.5%↗
- Rate type
- Variable↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Instant access: transfer money into and out of the account at any time; interest calculated daily on the minimum daily balance↗
- Monthly fee
- €0↗
- Account kind
- Easy access↗
- Legal entity
- Holvi Payment Services Oy↗
- Headquarters
- Finland↗
- Founded
- 2011↗
- Support channels
- Phone, Email, Chat, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- holvi.com
Everyday accounts
- Licence type
- Payment institution↗
- Currency conversion fee
- 1% to 2.5%↗
- Currencies
- 18↗
- Local account details
- IBAN↗
- Transfer fee
- EUR 0.25 per SEPA transfer and direct debit; EUR 1 per SWIFT transfer (Holvi Flex)↗
- Audience
- Business, Freelancers, Expats
- Features
- Digital-only
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- The monthly fee is €0, so there is no standing charge for holding the account.
- Interest is calculated daily on the minimum daily balance, and money moves in and out at any time.
- You can hold 18 currencies and get local account details such as iban.
- Deposits are covered by EU DGS up to EUR 100,000.
Cons
- Currency conversion fees run 1% to 2.5% on every conversion, and the upper end of that range sits above 2.08% for the site as a whole.
- The rate is variable at 1% to 1.5%, so interest can move and there is no term to lock it in.
- The account is easy access, so there is no fixed-term product to put money away in.
Who it suits
- Freelancers and sole traders who invoice in several currencies and want 18 currencies in one account.
- Businesses and expats who need instant transfers plus local account details such as iban.
- People who want the no monthly fee model with interest calculated daily on their balance.
Who should look elsewhere
- Readers chasing the biggest headline rate: Plazo ES lists 24.19% against 1% to 1.5% here.
- Anyone after a large jump from AXI Card Tarjeta y Credito, where the headline rate is 21.59%.
- Readers who prefer a wallet brand over a business account; PayPal Colombia lists 3.3%.
How Holvi compares
8.9 vs 8.6
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8.9 vs 9.0
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8.9 vs 8.5
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8.9 vs 9.0
Where Holvi is available
- Available
- Austria, Finland, Germany
- Licence in Finland
- Financial Supervisory Authority of Finland (FIN-FSA), checked September 26, 2026
- Licence in Finland
- FI_FIN-FSA (PSD_PI FI_FIN_FSA!21937564), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to run a Holvi account?+
The monthly fee is €0, so there is no standing account charge. Transfers are not free: SEPA transfers and direct debits each carry a small fixed charge, and SWIFT transfers cost more on Holvi Flex. Currency conversions add 1% to 2.5% on top.
Is the money protected and who regulates Holvi?+
Holvi is a payment institution run by Holvi Payment Services Oy, headquartered in Finland and supervised by the Financial Supervisory Authority of Finland. Deposits are covered under EU DGS up to EUR 100,000, so eligible balances sit inside the scheme limit.
Can I reach my money when I need it?+
Access is instant: money can be transferred into and out of the account at any time, and the account is easy access. Interest is worked out each day on the minimum daily balance, so the rate applies to the balance you actually keep.
How many currencies can I hold and what account details do I get?+
You can hold 18 currencies in the same account, with local account details provided in iban. That suits freelancers and businesses that invoice and pay out in several currencies without opening a separate account per market.
What interest rate do I get and can I lock it?+
The headline rate is 1% to 1.5% and the rate type is variable, so it can move rather than being locked for a term. Interest is calculated daily on the minimum daily balance, and the account itself is easy access.
Who is Holvi aimed at?+
Holvi is aimed at business, freelancer and expats. That makes it a natural fit for sole traders and small businesses needing a multi-currency account with instant access, and for expats receiving money in a currency other than the one they spend in. The service is digital only.
How do I get help if something goes wrong?+
Support runs on phone, email and chat, so phone, email and live chat are all options, with a help centre to search first. The account is digital only, and the licensed company is Holvi Payment Services Oy under PSD_PI FI_FIN_FSA!21937564.
Is Holvi a bank?+
Holvi is not a bank: its licence type is payment institution, held by Holvi Payment Services Oy in FI with the Financial Supervisory Authority of Finland as supervisor. Balance protection is separate and runs through EU DGS up to EUR 100,000 for eligible deposits.
Sources
- euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026
Backs: Headquarters, Legal entity, Licence type, Licences
“EntityCode=FI_FIN_FSA!21937564; EntityType=PSD_PI; ENT_NAM=Holvi Payment Services Oy”
- holvi.com checked September 26, 2026
Backs: Deposit protection
- holvi.com/de-en/pricing checked September 26, 2026
Backs: Features, Founded, Currency conversion fee, Local account details, Support channels, Transfer fee
“We're fully digital, but you can withdraw cash with physical cards for a small fee.”
- holvi.com/fi-en/pricing checked September 26, 2026
Backs: Access terms, Account kind, Audience, Currencies, Headline rate, Pricing model, Monthly fee, Rate type
“You can transfer money into and out of your account at any time. Interest is calculated daily based on the minimum balance in the account.”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Minimum deposit.
Related by the facts
Holvi
A free multi-currency account for freelancers and small businesses that pays interest on the daily balance.