Holdings vs Xero
Xero charges $15–78/month for accounting software. Holdings includes accounting free with every bank account — plus $1.75% APY and up to $$3M FDIC.
Feature comparison
See how Holdings stacks up against Xero
| Feature | Holdings | Xero |
|---|---|---|
| Monthly Cost | Free | $15–$78/mo |
| Business Banking | ✅ Free checking | ❌ Not included |
| APY on Deposits`, holdings: `${SITE_CONSTANTS.APY}%`, competitor: `N/A (no banking) | ||
| FDIC Insurance | Up to $3M | N/A |
| Auto-Categorization | ✅ Included | ✅ Bank rules |
| P&L / Balance Sheet | ✅ Real-time | ✅ Full reporting |
| Multi-Currency | USD only | ✅ 160+ currencies |
| Inventory Tracking | Not included | ✅ Included |
| Invoicing | ✅ Free tools | ✅ Included |
| Integrations | Growing | 1,000+ apps |
Why choose Holdings over Xero
Save $180–$936/year
Xero costs $15–78/month. Holdings includes accounting free. That's $180–$936/year back in your pocket — plus you eliminate the bank account fee if your current bank charges one.
No syncing or reconciliation
Xero requires connecting a bank account and reconciling transactions. Holdings auto-categorizes transactions as they happen — because banking and accounting are one system.
Banking included
Xero is accounting only. You still need a bank account. Holdings gives you both — free checking, 1.75% APY, debit cards, sub-accounts, and accounting — in one platform.
Get the Accounting Switch Guide
Considering alternatives to Xero? This guide covers what to migrate, how Holdings replaces your add-ons, and how to keep your books clean during the switch.
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When Xero might be the better choice
Xero is the better choice if you need multi-currency accounting, complex inventory tracking, payroll across multiple countries, or deep integrations with 1,000+ third-party apps. For larger businesses with complex needs, Xero's feature depth justifies the cost.
Frequently asked questions
How much does Xero cost vs Holdings?
Xero costs $15/mo (Starter), $42/mo (Standard), or $78/mo (Premium). Holdings is completely free — banking and accounting included at no cost.
Is Holdings accounting as powerful as Xero?
Xero is a full accounting platform with inventory, multi-currency, and extensive integrations. Holdings focuses on automated accounting — auto-categorization, P&L, and balance sheets — ideal for small businesses and nonprofits who want simplicity.
Does Xero include banking?
No. Xero is accounting software only. You need a separate bank account and must connect it to Xero for reconciliation. Holdings combines both.
Can I switch from Xero to Holdings?
Yes. If your accounting needs are covered by auto-categorization, P&L, and balance sheets, you can replace Xero with Holdings and save $15-78/month.
Does Holdings support multi-currency?
Holdings focuses on USD accounts. If you need multi-currency accounting, Xero may be a better fit.
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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