With Holvi, you can use payment accounts in multiple currencies, making it easier to manage international business directly from your Holvi dashboard. You can receive, hold, and send money in foreign currencies using the same account structure you already know—helping you avoid unnecessary conversions and reducing the need for external tools such as Wise or PayPal.
What are payment accounts in multiple currencies?
Each currency account functions as a standalone payment account with its own IBAN (available in FI, DE, and soon AT).
- One currency per account: Each account is denominated in a single currency.
- Permanent selection: Please note that the currency is set at the time of creation and cannot be changed afterwards.
- Balance control: Hold balances in their original currency and decide yourself when (or if) you want to convert them to euro.
- Zero-conversion: When you receive or send money in the account's currency, no currency exchange fee is applied. This allows you to bypass the standard conversion costs typically associated with international business.
Supported currencies
You can currently open accounts in 18 different currencies:
- Major: Euro (EUR), US Dollar (USD), British Pound (GBP), Swiss Franc (CHF).
- Nordic: Norwegian Krone (NOK), Swedish Krona (SEK), Danish Krone (DKK).
- Global: Canadian Dollar (CAD), Australian Dollar (AUD), Japanese Yen (JPY), Polish Zloty (PLN), Singapore Dollar (SGD), Hong Kong Dollar (HKD), New Zealand Dollar (NZD), Czech Koruna (CZK), Romanian Leu (RON), Israeli New Shekel (ILS), Hungarian Forint (HUF).
How to open a payment account in another currency
The account creater can open a payment account in a new currency by adding a new IBAN account.
- In Holvi, go to Accounts > Manage accounts > Add new account.
- Choose the currency when setting up the new account. Please keep in mind that this can't be changed afterwards.
Learn more: Additional payment accounts
How to send and receive funds
To keep your international operations smooth, please keep the following rules in mind:
Important: Currency must match
You can only receive and send money in the account’s designated currency. For example, you must only send USD to a USD account. If an incoming payment does not match the account currency, it will be rejected and returned to the sender. By matching the currency, you avoid all exchange fees.
- Euro account flexibility: Your main EUR account can still receive any of the 18 currencies. In these cases, Holvi will automatically perform the conversion and apply an exchange fee.
- Internal transfers: You can move money between your own Holvi accounts (e.g. USD to SEK) at any time. A currency conversion fee will apply to these movements.
- Invoicing: Currently, invoicing is only available in euros (EUR). Because you cannot yet invoice in foreign currencies, invoice payments can only be received into your main EUR account.
The accounting-first advantage
Unlike external tools, Holvi’s multi-currency accounts are part of your core business banking.
- Reporting: Account-specific statements are available in the native currency. However, to keep your official accounting consistent, high-level reports—including the VAT report, general ledger, income statement and balance forecast—are only available in EUR.
- Integrations: Foreign currency accounts are fully integrated with DATEV (DE) and the Finnish bank connection.
Pricing
Multi-currency accounts are treated as additional accounts.
- Plan limits: Each Holvi plan includes a set number of additional IBANs.
- Additional fees: For any accounts exceeding your plan’s limit, a monthly fee of 1–2€ per account will apply (depending on your specific plan).
Check your plan’s limits here.
Coming soon
At launch, these accounts support receiving, holding, and sending money. We are working to roll out:
- Cards linked directly to selected accounts (starting with USD and GBP).
- Interest on balances in selected currencies.
- Expanded local payment capabilities for faster regional clearing.