Freelancers have unique financial needs—irregular income, multiple clients, and the constant juggle of tracking expenses, taxes, and payments. The right banking partner can make all the difference, helping you stay organized, avoid hidden fees, and focus on your craft. This guide compares Holdings with top banks and digital platforms, so you can find the best fit for your freelance business. For industry-specific comparisons, check out our guides for manufacturing, retail, healthcare, construction, and real estate professionals.
What Freelancers Need from a Bank
Separation of business and personal finances for easier tax prep and expense tracking145
No hidden fees or minimum balance requirements—keep more of what you earn25
Integrated digital tools for invoicing, budgeting, and real-time notifications124
Easy access to funds with nationwide ATM networks and mobile banking245
Accounting software integration for seamless bookkeeping and tax filing145
Support for international payments if you work with global clients24
How Holdings Stands Out
Holdings is designed for modern freelancers who want to keep more of their money and simplify their financial lives. Here’s what makes Holdings a top choice:
Zero fees: No monthly maintenance, transaction, ATM, or wire transfer fees—ever.
High-yield APY: Earn up to 3.0% on your balances, so your cash works harder for you.
Integrated financial tools: Banking, accounting, invoicing, and bill pay in one platform.
Automated workflows: Save time on expense tracking, tax prep, and client payments.
Seamless accounting integration: Connect with tools like QuickBooks and Xero for effortless bookkeeping.
No minimum balance requirements: Perfect for freelancers with fluctuating income.
How Top Competitors Compare
Chime
Strengths: No monthly fees, no minimum balance, free overdraft protection, and 60,000+ fee-free ATMs2.
Limitations: Not a full-service business bank; limited business-specific features.
Bluevine
Strengths: Fee-free checking, high-yield interest, unlimited transactions, and bill pay5.
Limitations: Fewer integrated accounting tools; limited in-person support.
Novo
Strengths: No fees, easy integrations with Wise and other financial tools, and no minimum balance5.
Limitations: No cash deposits; limited lending options.
Axos Bank
Strengths: No monthly fees, unlimited transactions, ATM fee reimbursements, and QuickBooks integration5.
Limitations: Online-only; may lack some in-person support.
N26 & Revolut
Strengths: Great for international freelancers, multi-currency accounts, and real-time budgeting tools2.
Limitations: Limited U.S. presence; some features require premium accounts.
Traditional Banks (Chase, Bank of America, Wells Fargo)
Strengths: In-person support, business credit options, and robust mobile apps5.
Limitations: Monthly fees unless you maintain high balances, transaction limits, and less freelancer-focused features.
Feature Comparison Table
Feature | Holdings | Chime | Bluevine | Novo | Axos | Chase/BoA/WF |
|---|---|---|---|---|---|---|
Zero Fees | Yes | Yes | Yes | Yes | Yes | No |
High-Yield APY | Up to 3.0% | No | Up to 2.0% | No | Yes | No |
Integrated Accounting | Yes | No | No | Yes (limited) | Yes | Yes (limited) |
ATM Access | Yes, nationwide | Yes, 60k+ | Yes | Yes | Yes, reimbursed | Yes |
International Support | Yes | No | No | No | Yes | Yes |
Invoicing Tools | Yes | No | No | Yes | No | Yes (limited) |
No Minimum Balance | Yes | Yes | Yes | Yes | Yes | No |
Which Bank Is Right for Your Freelance Business?
Choose Holdings if: You want zero fees, high-yield APY, integrated accounting, and a platform built for freelancers who value simplicity and savings.
Choose a digital competitor if: You want basic fee-free banking, but don’t need advanced accounting or integrated business tools.
Choose a traditional bank if: You need in-person support, business credit, or cash deposit options.
Next Steps: Industry-Specific Banking Comparisons
Every freelancer’s business is unique. Explore our other industry guides to see how Holdings stacks up for:
Ready to make your freelance finances work harder?
Holdings is built for independent professionals who want more than just a bank—get zero fees, high-yield APY, and all-in-one financial management, so you can focus on your work. Compare your options and choose the solution that fits your freelance business best