About your IBAN, accepted payment types, cash payments and payment processing time

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1. My IBAN and BIC

All Holvi accounts have a standard IBAN account number. Here is an example: 

Holvi account with FI-IBAN:

FI12 3456 7890 1234 56


The BIC in all Holvi-bound payments to a Finnish IBAN should be HOLVFIHH.

Holvi account with DE-IBAN:

DE12 3456 7890 1234 5678 90


The BIC in all Holvi-bound payments to a German IBAN should be HOLVDEB1XXX.

Customers registered before 1.6.2019 can find more information regarding the German IBAN in this FAQ article

2. Accepted Payment Types

Payments within SEPA to Holvi

Currently Holvi only accepts payments in EUR currency from SEPA countries. Within the SEPA region, there are different ways of sending payments. Holvi supports the regular SEPA credit transfers (SCT), also called STEP2 payments. This means Holvi does not support SWIFT and instant payments.

In order to receive money to your Holvi account the payment needs to be sent as a regular SEPA credit transfer (STEP2 payment). If you haven’t received a payment, please ask the sender to get in touch with their bank to make sure that the payment has been sent as a STEP2 payment.

Payments from outside of SEPA to Holvi

All information about international payments can be found here.

3. SEPA Direct Debit 

Holvi supports SEPA Direct Debit Core, which lets you pay your bills conveniently via direct debit. Currently, we don't offer SDD Core in the other direction yet, so it is not possible for you to collect money from your customers via direct debit. Unfortunately we do not offer SDD B2B.

4. Payment Processing Time for Card Payments and Bank Transfers

As a payment institution Holvi reserves one banking day (up to 2 business days) for transferring SEPA payments. Considering Holvi's payment traffic some payments types are immediate and some are only sent or received on banking days. 

The Payment date (Acceptance date) is defined to be the date on which a credit transfer is debited to the payer’s account irrespective of whether this takes place after the cut off time or during a weekend (the book date in the bank’s accounting may differ from the value date, which is often the next banking day). The Acceptance date is not part of the basic payment schedule and thus not forwarded to each beneficiary. 


 Payment method?

How long?

When processed?

Card payments


Every day 24/7

Giropay payments


Every day 24/7

Finnish bank buttons payments


Every day 24/7

EPS or SOFORT payments


Every day 24/7

Receiving SEPA transfers

1 banking day (up to 2 business days) after processing

Banking Days

Sending SEPA transfers

1 banking day (up to 2 business days) after processing

Banking Days

Holvi-to-Holvi payments

1 banking day (up to 2 business days) after processing

Banking Days

Usual banking days are from Monday to Friday. The following dates are non banking days in Finland and no SEPA transfers are received or sent. All SEPA transfers will be received or sent on the next banking day.

Year 2019


5. Cut-off Time for SEPA Payments

Inbound Payments

The arrival of the payment depends on what time the payment was done and when the sending bank processes outbound payments (when the sending bank’s cutoff time is).

  • Example: You made a payment to Holvi on Monday night and the sending bank processes it the next day (Tuesday), the money arrives latest on Thursday.

If a payment was done during the weekend or outside of office hours, the sending bank will most likely process the payment the next day and the money will arrive to Holvi within two days after the payment has been processed.

  • Example: You made a payment to Holvi on Friday evening, and the sending bank processes it the next working day (Monday), the money arrives latest on Wednesday. 

Outbound payments

Holvi processes outbound payments every Monday to Friday (except public holidays) at
10.30am Helsinki time (UTC+02:00).

  • Example: If you make a payment from Holvi on Monday morning before 10.30am, the payment should arrive to the receiving bank latest in two banking days, so on Wednesday.

If the outgoing SEPA transfer is executed after that time, the payment is processed the next banking day (weekday).

  • Example: If you make a payment from Holvi on Monday morning after 10.30am, processing the payment is pushed until Tuesday and the money should arrive to the receiving bank latest in two banking days after its been processed, so on Thursday.

6. Instant top up - a secure and fast way to move money

Sometimes the need may arise to instantly add funds to your account. With Holvi, you can add money from another bank account you hold yourself to your Holvi account with a neat tool called Instant Top UpPlease note, that Instant top up funds can't be matched into sent invoices.

Holvi does not yet offer a tool for moving funds instantly from Holvi to another bank account, you will have to use a standard bank transfer.

How it works

You can find the Instant Top Up by choosing the account you want to top up and then from the opening window choose the Home view. By clicking on the New button in the upper right corner, you can choose the Instant Top Up option.


  • Handelsbanken
  • Nordea
  • S-Pankki
  • Aktia
  • Säästöpankki
  • Osuuspankki
  • Danske Bank
  • Ålandsbanken
  • POP Pankki
  • Oma Säästöpankki


  • Giropay
  • eps Online-Überweisung

Confirm the transaction with your online bank credentials and the money will arrive instantly to your Holvi account. 

Holvi charges a service fee based on your pricing plan for each Instant top up transaction. Please find the pricing information here .

7. Point-of-Sales (for example, SumUp)

Your Holvi IBAN account number is freely usable in all external services in case you need to move money between accounts. However a deeper, direct integration requires some technical work and unfortunately Holvi does not offer an API at the moment.

In a nutshell: Holvi is a payment account and you can move money in and out of the account as you wish. You can top up your PayPal account, Skrill account and others by transferring money from Holvi to them or you can gather income from card payments with for example SumUp and move the money into your Holvi account.

8. Can I Accept Grants to my Holvi Account?

You can give the IBAN of your Holvi account to the entity that is giving you the grant. Once the payment is done, it will arrive as uncategorised and you can recategorise it by selecting the transaction under "Transactions", then click "Modify" and change the category accordingly.

9. How Do I Transfer Cash to my Holvi Accounts?

As a digital service provider, Holvi does not support cash deposits. All transactions to your account should be made as SEPA transfers. 

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