Business banking for independent contractors
Separate project funds, track job-level expenses, and keep your books tax-ready — all with zero-fee banking that earns 1.75% APY.
1.75% APY† • Zero fees^ • FDIC insured to $3M*
Why contractors choose Holdings
Banking that keeps every job organized and your taxes simple
Track Expenses by Job
Tag every expense to a specific project or client. Know your true cost per job and see which contracts are actually profitable.
Separate Project Funds
Create sub-accounts for each active project, plus reserves for taxes, equipment, and materials. No more guessing what money is allocated where.
Tax-Ready from Day One
Every transaction is categorized automatically. Come tax time, your books are already organized by expense type, project, and deduction category.
How it works
Get set up in minutes, not weeks
Open your contractor account
Sign up with your SSN or EIN. No branch visits, no minimum deposits. Your account is ready in minutes.
Set up project and tax accounts
Create sub-accounts for active projects, quarterly tax reserves, equipment funds, and operating expenses.
Get paid and categorize automatically
Route client payments to the right project account. Expenses categorize by vendor, type, and tax deduction category.
File taxes without the scramble
Pull P&L reports by project or overall. Export categorized expenses for Schedule C. Your CPA will thank you.
What you get
Banking and accounting in one platform
Every project has its own account
- FDIC insured up to $3M through program bank network
- Unlimited sub-accounts for projects and reserves
- Earn 1.75% APY on every dollar
- Free domestic wires and ACH transfers
- Physical and virtual debit cards for job expenses
- No monthly fees, no minimum balance
Job costing built into your banking
- Tag expenses by job, client, or project
- Auto-categorize by vendor and deduction type
- P&L reports by project or overall business
- Track quarterly estimated tax obligations
- Export Schedule C-ready reports for your CPA
- Upgrade to a dedicated bookkeeper for $100/mo
Frequently asked questions
Do I need an LLC to open a Holdings account?
No. Independent contractors can open a Holdings business account with just their SSN. If you form an LLC or S-Corp later, you can update your account without opening a new one.
Can I track expenses by project or job?
Yes. Tag every transaction to a specific project, client, or job. Your P&L report can be filtered by project to show true profitability per engagement.
How does Holdings help with quarterly taxes?
Create a sub-account for estimated taxes. Holdings tracks your income automatically so you always know how much to set aside each quarter.
Can I issue cards for job-site purchases?
Yes. Issue virtual or physical debit cards with per-transaction or monthly limits. Tie each card to a project sub-account so expenses categorize automatically.
Is the accounting really free?
Yes. Auto-categorization, P&L reports, Balance Sheets, and job-level expense tracking are included with every Holdings account at no cost.
Can I connect other bank accounts?
Yes. Holdings accounting syncs with external bank and credit card accounts so you see all your business finances in one place.
Ready to get started?
Open your account in minutes. No branch visits, no paperwork, no fees.
1.75% APY† • Zero fees^ • FDIC insured to $3M*