Free banking and accounting built for freelancers
Separate business from personal, auto-categorize expenses, and earn 1.75% APY on every dollar — all with zero fees.
1.75% APY† • Zero fees^ • FDIC insured to $3M*
Why freelancers choose Holdings
Banking and accounting designed for how freelancers actually work
Separate Business & Personal
Open a dedicated business checking account in minutes. Keep your freelance income, expenses, and taxes cleanly separated from personal finances — no LLC required.
Auto-Categorize Expenses
Every transaction is automatically categorized for tax time. Set rules for recurring clients, software subscriptions, and business expenses so your books stay current.
Tax-Ready Accounting
Generate Profit & Loss statements, track quarterly estimated taxes, and export everything your CPA needs — built in, not bolted on.
How it works
Get set up in minutes, not weeks
Open your freelancer account
Sign up with your SSN or EIN. No branch visits, no minimum deposits, no waiting. Your account is ready in minutes.
Create sub-accounts for taxes and savings
Set aside money for quarterly taxes, emergency reserves, and project-specific expenses in separate sub-accounts.
Get paid and auto-categorize
Share your account details with clients. Incoming payments are automatically categorized and your books update in real time.
Run reports at tax time
Pull tax-ready reports in seconds. Export to your CPA or connect directly to QuickBooks or Xero.
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 taxes, savings, and projects
- Earn 1.75% APY on every dollar
- Free domestic wires and ACH transfers
- Physical and virtual debit cards with spend controls
- No minimum balance, no monthly fees
Bookkeeping that runs itself
- Auto-categorize every transaction by client or expense type
- Profit & Loss, Balance Sheet, and Cash Flow reports
- Track quarterly estimated tax obligations
- Connect external bank accounts for a complete picture
- Export to QuickBooks, Xero, or CSV for your CPA
- Upgrade to a dedicated bookkeeper for $100/mo when ready
Frequently asked questions
Do I need an LLC to open a Holdings account?
No. Sole proprietors can open a Holdings business account with just their SSN. If you form an LLC later, you can update your account details without opening a new one.
How does Holdings help with quarterly taxes?
You can create a dedicated sub-account for estimated taxes. Holdings tracks your income automatically so you always know how much to set aside, and your P&L report makes filing straightforward.
Can I accept client payments directly?
Yes. Share your account and routing numbers for ACH transfers, or receive wire transfers — both free on Holdings. Payments are automatically categorized when they arrive.
Is the accounting software really included for free?
Yes. Auto-categorization, P&L reports, Balance Sheets, and Cash Flow statements are all included with every Holdings account at no additional cost.
Can I connect my other bank accounts?
Yes. Holdings accounting syncs with all your bank and credit card accounts so you get a complete picture of your freelance finances in one place.
How is my money protected?
Deposits are FDIC insured up to $3,000,000 through our program bank network. Holdings also uses AES-256 encryption and maintains SOC 1 Type II certification.
What if I grow beyond freelancing?
Holdings scales with you. Add team members with role-based permissions, issue employee cards with spend controls, and manage multiple entities from one dashboard.
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*