Free banking and accounting built for contractors
Track job costs, manage project budgets, and stay tax-ready with sub-accounts, auto-categorization, and zero fees.
1.75% APY† · Zero fees^ · FDIC insured to $3M*
Total Balance
$67,420.80
↑ 18.5% from last month
Sub-Accounts
Why contractors choose Holdings
Banking and accounting designed for how contractors actually work
Track Every Job Separately
Create a sub-account for each job or project. Track materials, labor, and profit per job without spreadsheets.
Auto-Categorize by Expense Type
Materials, fuel, tools, insurance — every purchase is automatically categorized. Your books are always up to date.
Job-Site Purchase Cards
Issue cards for material runs and job-site expenses. Set per-card limits and track every dollar back to the right job.
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.
Account Setup
Create job-specific sub-accounts
Set aside funds for each job, plus dedicated accounts for taxes, equipment, and insurance.
Sub-Accounts
Track job costs automatically
Every material purchase, fuel receipt, and subcontractor payment is auto-categorized. See job profitability in real time.
Recent Transactions
Run job costing reports
Pull job-by-job profitability, quarterly tax estimates, and annual reports. Export for your CPA at tax time.
Profit & Loss
What you get
Banking and accounting in one platform
Zero-fee accounts that earn interest
- FDIC insured up to $3M through program bank network
- Unlimited sub-accounts for jobs, taxes, and reserves
- Earn 1.75 APY on every dollar
- Free ACH, wires, and bill pay
- Job-site purchase cards with spend controls
- No minimum balance, no monthly fees
Bookkeeping that runs itself
- Auto-categorize materials, fuel, labor, and subs
- Per-job P&L and profitability reports
- Track quarterly estimated tax obligations
- Connect external accounts for a complete picture
- Export to QuickBooks, Xero, or CSV for your CPA
- Upgrade to a dedicated bookkeeper for $100/mo when ready
Get the Contractor Finance Checklist
Separate business and personal, track job expenses automatically, and prep for quarterly taxes — the complete checklist.
We'll send the contractor finance checklist and nothing else. No spam, unsubscribe anytime.
Trusted by contractors everywhere
400+
Contractors on Holdings
$0
Monthly fees, forever
4.1★
Trustpilot rating
“Pretty seamless moving over to Holdings from Chase.”
Jordan Scheltgen
Verified Trustpilot Review
Read about giving every dollar a job description → Issue No. 2
Frequently asked questions
Do I need an LLC to open a Holdings account?+
Can I track expenses by project or job?+
How does Holdings help with quarterly taxes?+
Can I issue cards for job-site purchases?+
Is the accounting really free?+
Can I connect other bank accounts?+
Explore Holdings for Contractors
Free Business Banking
Zero-fee checking with 1.75% APY, FDIC insured to $3M.
ACH, Wires & Bill Pay
Send and receive payments with zero fees.
Business Debit Cards
Physical and virtual cards with real-time controls.
Holdings vs Chase
Why contractors are switching from Chase.
Banking for Freelancers
Banking for independent professionals.
Separate Finances
How to separate business and personal.
Business Expense Categories
Complete guide to business expense categories.
Open a Business Bank Account
Step-by-step guide to opening a business account.
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
Related Resources
Small Business Banking Guide
Everything you need to know about business banking.
Separating Business & Personal Finances
Why and how to separate business finances.
Holdings vs Novo
Compare Holdings and Novo for free business banking.
Holdings vs Chase
Why businesses are switching from Chase to Holdings.