Holdings vs FreshBooks
FreshBooks charges $19–60/month for invoicing and accounting. Holdings includes both free — plus a bank account, cards, and $1.75% APY.
Feature comparison
See how Holdings stacks up against FreshBooks
| Feature | Holdings | FreshBooks |
|---|---|---|
| Monthly Cost | Free | $19–$60/mo |
| Business Banking | ✅ Free checking | ❌ Not included |
| APY on Deposits`, holdings: `${SITE_CONSTANTS.APY}%`, competitor: `N/A (no banking) | ||
| Invoicing | ✅ Free tools | ✅ Advanced (with limits) |
| Auto-Categorization | ✅ Included | ✅ Included |
| P&L / Balance Sheet | ✅ Real-time | ✅ Included |
| Time Tracking | Not included | ✅ Built-in |
| Client Portal | Not included | ✅ Built-in |
| Project Management | Not included | ✅ Built-in |
| Debit Cards | ✅ Physical + virtual | ❌ N/A |
Why choose Holdings over FreshBooks
Save $228–$720/year
FreshBooks costs $19–60/month. Holdings includes invoicing and accounting free. That's $228–$720/year in savings, plus you get a free bank account on top.
Banking + invoicing in one
FreshBooks is invoicing and accounting software. Holdings adds a bank account with 1.75% APY, debit cards, and sub-accounts — eliminating the need for a separate banking product.
No client limits
FreshBooks Lite limits you to 5 billable clients. Holdings has no limits on invoices, clients, or transactions.
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When FreshBooks might be the better choice
FreshBooks is the better choice if you need built-in time tracking, client portals, or project management. It's a strong tool for service-based freelancers who bill by the hour and need to track time against projects.
Frequently asked questions
How much does FreshBooks cost vs Holdings?
FreshBooks Lite costs $19/mo (5 clients), Plus $33/mo (50 clients), Premium $60/mo (unlimited). Holdings is completely free with no client limits.
Does Holdings have invoicing like FreshBooks?
Yes. Holdings offers free invoicing tools. FreshBooks has more advanced invoicing features like time tracking, client portals, and project management.
Does FreshBooks include banking?
No. FreshBooks is invoicing and accounting software only. You need a separate bank account. Holdings combines banking and accounting.
Which is better for freelancers?
FreshBooks is excellent for freelancers who need time tracking and client portals. Holdings is better if you want banking + accounting in one and don't need those features.
Can I replace FreshBooks with Holdings?
If your main needs are invoicing, expense tracking, and financial reports, yes. Holdings covers these for free. If you need time tracking or project management, you may want to keep FreshBooks or find a dedicated tool.
Ready to switch?
Open your Holdings account in minutes. Keep your current bank during the transition — move at your own pace.
1.75% APY† • Zero fees^ • FDIC insured to $3M*
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Calculate Your Savings
See how much you could save by switching to Holdings.