Nordea vs Holvi: business account prices 2026
Updated
Holvi: lower monthly price than Nordea (€0.00 (virtual card only; physical card €3.00/month, + VAT) vs. €15.70 (incl. VAT)).
Summary
- Holvi: lower monthly price than Nordea (€0.00 (virtual card only; physical card €3.00/month, + VAT) vs. €15.70 (incl. VAT)).
- Nordea: cheaper transfer than Holvi (€0.23 vs. €0.25).
- Nordea: lower extra card cost than Holvi (€0.00 vs. €3.00).
- Holvi: cheaper business card than Nordea (€0.00 vs. €50.00).
- Note: the Nordea price (incl. VAT).
- Note: the Holvi price (virtual card only; physical card €3.00/month, + VAT).
Comparison table
| Fact | Nordea | Holvi |
|---|---|---|
| Type | Bank | Payment institution |
| Company forms | Sole trader, Limited company, Association, Housing company | Sole trader, Limited company, Association |
| Deposit guarantee | Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank. A sole trader has no deposit guarantee separate from the owner. | No deposit guarantee: Holvi Payment Services Oy is a payment institution authorised by the Financial Supervisory Authority and does not take deposits. Customer funds are held separately (Nordea, Aktia, OP Uusimaa, Eurosystem central banks and short-term government debt instruments). |
| Opening online | Yes | Yes |
| Time to open | a few banking days | a few minutes; use begins once identity and the company have been verified |
| A credit check can block opening | not available | not available |
| Opening fee | €0.00 (business opening fee; association opening fee €300); by company form: sole trader €0.00, limited company €0.00, association €300.00 | €0.00 (no opening fee) |
| Cheapest plan | Nordea Digital package | Holvi Flex |
| Monthly pricedifference | €15.70 (incl. VAT) | €0.00 (virtual card only; physical card €3.00/month, + VAT) (better value) |
| Included in the plan | Company payment account, Nordea Business online and mobile bank, e-invoice usage fee in online banking, monthly machine-readable account statement and one Business Visa Debit card | 1 Finnish IBAN account, virtual debit card (Apple Pay and Google Pay), invoicing tool and 1 user; every SEPA transfer €0.25 |
| Price terms | Nordea states the price as €15.70/month incl. VAT (October 2026); VAT is added to separately listed services. Individual transactions are not included. Business opening fee €0, association €300. Without a package, the account management fee alone is €15.90/month. A preferred customer or Premium customer gets the package free for the first 6 months when concentrating their banking with Nordea (a discount, not included in the price). | €0/month (October 2026), with monthly pricing only. Outgoing and incoming SEPA transfers €0.25 each. Traditional plastic card €3/month. Transaction and accounting connections €6/month. Pause fee €4.50/month if no SEPA or card payments are made in 30 days (not in the first three months). According to Holvi, VAT is added to the prices. |
| Transfers included in the plan | 0 / month | 0 / month |
| Transfer price after the allowancedifference | €0.23 (better value) | €0.25 |
| E-invoice sent | €0.55 | no e-invoices |
| Monthly fee of the e-invoice service | not available | no e-invoices |
| E-invoice received | €0.55 | no e-invoices |
| Extra card cost / month (on top of the headline price)difference | €0.00 (better value) | €3.00 |
| Extra user / month | €2.00 | not available |
| Cash deposit | Nordea Talletuskortti (deposit card) €25/year; settlement of daily takings €2.50 per settlement + 0.75% of the value | Not mentioned in the price list |
| Currency conversion markup on card payments | 2.50% | 2.50% |
| More about fees | SEPA credit transfer and SEPA instant transfer in online banking €0.23 each, as a batch transfer with a reference €0.10. Incoming reference payment €0.15, without a reference €0.58. E-invoice outgoing and incoming €0.55 each + VAT. Additional user for Nordea Business online banking €2.00/month. Business Visa Debit additional card €40/year; cash withdrawals in the EU/EEA 1-4 per month free, then €1.00 each. Foreign payment €7.00. | The values apply to the Flex package unless otherwise stated; VAT is added to all prices. In Flex the virtual card is included, a traditional card is €3/month. E-invoices are included in the Pro and Business packages up to 500 + 500 per month, above that €0.50 each; Flex and Lite have no e-invoices. The currency conversion markup on card payments in the price table is 2.5% (Flex), 2% (Lite and Pro) and 1% (Business); cash withdrawals 2.5% or 2%. SWIFT payments €1 each, currency exchange 1%. |
| E-invoices (sending and receiving) | Yes | No |
| Accounting integrations | Material transfer as a batch transfer (€2/month) and integrated bank connection as an additional service | Transaction and accounting export to, among others, Netvisor, Procountor, NoCFO, Askelma and Acanta; API connection to Briox, NoCFO and LemonTree |
| Own card terminal | not available | not available |
| Invoicing tool | Yes | Yes |
| Finnish IBAN | Yes | Yes |
| Customer service in Finnish | Yes | Yes |
| More about features | Purchase and sales invoicing in Nordea Business is included in the package; e-invoice activation €25 + VAT if there is no package. Customer service Nordea Business Centre by phone and chat. | Online shop 2.5% handling fee per sale. Payroll payment with the Palkkaus.fi tool €15/payslip (first 10) and then €10/payslip, VAT 0%. Customer support by phone and message. |
| Business credit card | Yes | Yes |
| Business card annual feedifference | €50.00 | €0.00 (better value) |
| More about the business card | First Card business card €50/year per card, currency conversion markup 2.5%. Nordea Business MasterCard is no longer on sale to new customers. | Holvi Business Credit €0/month, credit limit up to €50,000; payment at the end of the month 0% or a 12-month payment plan 18% effective annual interest rate (APR). Granted on the basis of credit information. |
Highlighted rows: the figures differ. Information checked: Nordea 15 October 2026, Holvi 15 October 2026. Check the VAT basis with the provider.
Weaknesses according to the data
Nordea
- €15.70/month does not cover transaction fees, for example SEPA payment €0.23 and e-invoice €0.55 + VAT
- Opening fee for an association's customer relationship €300
- Currency conversion markup on card purchases 2.5%
Holvi
- No deposit guarantee, because Holvi is a payment institution
- VAT is added to all prices and in Flex every SEPA transfer costs €0.25
- Pause fee €4.50/month if the account is not used for 30 days
Frequently asked questions
Which has the lower monthly fee, Nordea or Holvi?
Holvi is cheaper. Cheapest plan: Nordea €15.70/month (incl. VAT); Holvi €0.00/month (virtual card only; physical card €3.00/month, + VAT).
Which has the lower currency conversion markup on card payments, Nordea or Holvi?
The currency conversion markup is the same: Nordea 2.50%; Holvi 2.50%.
Which has a deposit guarantee, Nordea or Holvi?
Nordea: Finnish deposit guarantee (Financial Stability Authority), €100,000 per depositor per bank. A sole trader has no deposit guarantee separate from the owner. Holvi: No deposit guarantee: Holvi Payment Services Oy is a payment institution authorised by the Financial Supervisory Authority and does not take deposits. Customer funds are held separately (Nordea, Aktia, OP Uusimaa, Eurosystem central banks and short-term government debt instruments).