--- title: Holvi is leaving the UK – when and why? description: A lot has changed in a year. On 31 October 2020, Holvi will officially leave the UK. Read our blog for more details on how this affects you | Holvi 2020 image: https://blog.holvi.com/hubfs/Communication%20assets_line1_pink_1200x628.jpg --- [Holvi](https://www.holvi.com/) [Subscribe](https://blog.holvi.com/holvi-is-leaving-the-uk#subscribe) [Workaround](https://blog.holvi.com) - [Holvi spotlight](https://blog.holvi.com/topic/holvi-spotlight) - [Internationals](https://blog.holvi.com/topic/internationals) - [Life](https://blog.holvi.com/topic/life) - [Work](https://blog.holvi.com/topic/work) - [Open mic](https://blog.holvi.com/topic/open-mic) - [Financial administration and bookkeeping](https://blog.holvi.com/topic/financial-administration-and-bookkeeping) - [Founding a company](https://blog.holvi.com/topic/founding-a-company) - [News about entrepreneurship](https://blog.holvi.com/topic/news-about-entrepreneurship) - [business account](https://blog.holvi.com/topic/business-account) [Holvi spotlight](https://blog.holvi.com/topic/holvi-spotlight) # Holvi is leaving the UK – when and why? 12/08/20 11:02 | By [Daniel McLeod](https://blog.holvi.com/author/daniel-mcleod) 3 minute read [![Share on facebook](https://blog.holvi.com/hubfs/assets/social-facebook.jpg)](http://www.facebook.com/share.php?u=https://blog.holvi.com/holvi-is-leaving-the-uk&utm_medium=social&utm_source=facebook) [![Share on linkedin](https://blog.holvi.com/hubfs/assets/social-linkedin.jpg)](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.holvi.com/holvi-is-leaving-the-uk&utm_medium=social&utm_source=linkedin) [![Share on twitter](https://blog.holvi.com/hubfs/assets/social-twitter.jpg)](https://twitter.com/intent/tweet?original_referer=https://blog.holvi.com/holvi-is-leaving-the-uk&utm_medium=social&utm_source=twitter&url=https://blog.holvi.com/holvi-is-leaving-the-uk&utm_medium=social&utm_source=twitter&source=tweetbutton&text=) ![geometric coiled lines](https://blog.holvi.com/hubfs/Communication%20assets_line1_pink_1200x628.jpg) Yes, you read correctly. We will officially be leaving the UK on 31 October 2020. As you might imagine, this was not an easy decision to make. But we believe in open communication and sharing information as soon as possible, so we’ve already sent an email to our UK customers. This post is to explain our decision in a bit more detail. All Holvi accounts in the UK will expire on 31 October 2020. Until then, accounts will continue to operate as normal. UK customers are asked to transfer any balances to an alternative bank account by that date.   ## **Should we stay or should we go now?** The UK is a challenging market – and at the beginning of the year we were ready to meet this challenge head on. But the world has changed a lot in 2020, and with change come shifting priorities. Coronavirus has disrupted market conditions and added a new layer of complexity. When you factor in the UK's uncertain regulatory landscape, the waters become even less clear. To respond to these new circumstances, we’ve made the difficult choice to strengthen our core business in Europe and invest more time and money in product growth. This shift in focus unfortunately means pulling back on our entry into the UK. We’ve made this decision at an early stage of our expansion to help minimise the impact on our customers and partners. This means we’re leaving the UK before we’ve even had a chance to get off the ground. But sometimes you need to take a step back in order to take two steps forward.   ## **Our mission is still the same: simplify work life for the self-employed** Making something as complex as banking and financial management easier for the self-employed is a marathon, not a sprint – you need the power of endurance. But you also need a capable team by your side. Thankfully, we have both. Our drive to make life easier for the self-employed remains unfazed. Most self-employed professionals still don't receive the support they need from their banks. This is where Holvi steps in, offering ways to simplify work life and improve your business’ balance sheet. We’re much more than a business account and card. We’re an all-in-one digital solution to small business finances. Everything you need to find financial well-being – online, without the paperwork.   ## **Concentrating on our core markets** The fintech industry is growing faster than ever, along with the demand for new products that make finances more manageable. As we focus on honing Holvi’s features and better serving our customers, we’re concentrating on expanding our leading position in Germany, Finland and European markets outside the UK.   ## **Innovations for release in 2020** Right now, we’re planning to introduce more product innovations – including an accounting service and the integration of virtual payment cards. All with the aim of making life easier for the self-employed.   ## **Thank you to our UK customers** There’s no getting around it, today’s news is upsetting. Our one hope is that, through your engagements with Holvi, you’ve gleaned one important takeaway: that the financial part of running a business doesn’t need to be scary. In fact, you can manage it easily. We also want to thank you for your loyalty and trust in us – and apologise for any trouble this may cause. We've learned a lot in the past months, and your confidence in Holvi strengthens our resolve. We believe in our mission and sincerely hope to one day return to the UK stronger than ever.   ## **Next steps for UK customers – two important dates** **15 October 2020** – Your Holvi Business Prepaid Mastercard will stop working. **31 October 2020** – From this date on, you’ll no longer be able to send or receive payments, or log in to your Holvi account. Until these dates, your account will continue working as normal. In the meantime, to start getting ready for the closure of your account, we ask that you please do the following: - Transfer your balance to an alternative bank account - Provide partners and customers with your new bank account details  - Download any reports you may need from your Holvi account   ## **Our support team is here for you** If you have any questions, please contact our support team. The best way to contact us is to start the Holvi Live Chat in your Holvi account. You can also go to the [Help Centre](https://support.holvi.com/hc/en-gb) or [submit a request](https://support.holvi.com/hc/en-gb/requests/new). ### Simplify your work life Holvi is your business’ new financial home. Our all-in-one account features: - Business account - Holvi Business Mastercard® - Online invoicing & e-invoicing - Bookkeeping tools [Discover Holvi](https://www.holvi.com/features/)   ![6_how_it_works](https://blog.holvi.com/hs-fs/hubfs/New%20illustrations%20(2020)/6_how_it_works.png?width=477&name=6_how_it_works.png)   ### Always curious? Subscribe to Workaround, for the boldly self-employed. ## Related articles Holvi spotlight ### [Inside Holvi’s new look](https://blog.holvi.com/inside-holvis-new-look) Holvi spotlight ### [What does your accountant think about yield access? – A practical FAQ for businesses](https://blog.holvi.com/what-does-your-accountant-think-about-yield-access-a-practical-faq-for-businesses) × #### Language - [English](https://blog.holvi.com/) - [Suomi](https://blog.holvi.com/fi) - [Deutsch](https://blog.holvi.com/de) #### What is Holvi - [Business account and card](https://www.holvi.com/business-account-and-mastercard/) - [Invoicing](https://www.holvi.com/invoicing/) - [Bookkeeping](https://www.holvi.com/bookkeeping/) - [Pricing](https://www.holvi.com/pricing/) - [Testimonials](https://www.holvi.com/customers/) #### Support - [Holvi Status Page](https://status.holvi.com/) - [Help Centre](https://support.holvi.com/hc/en-gb) - [Blog](https://blog.holvi.com/) #### Company - [About us](https://www.holvi.com/about/) - [Careers](https://www.holvi.com/careers/) - [Press](https://www.holvi.com/press/) - [Code of conduct for suppliers](https://25ekvp3qk4l34935tw15k6wq-wpengine.netdna-ssl.com/wp-content/uploads/2020/07/holvi-code-of-conduct-for-suppliers.pdf) - [Facebook](https://www.facebook.com/HolviCom) - [Instagram](https://www.instagram.com/holvi/) - [Twitter](https://twitter.com/Holvi) - [Youtube](https://www.youtube.com/user/BetterThanABank/) - [Linkedin](https://www.linkedin.com/company/holvi/) [![google-play](https://blog.holvi.com/hubfs/assets/googleplay_en.png)](https://app.adjust.com/f78ji6c) [![appstore](https://blog.holvi.com/hubfs/assets/appstore_en.png)](https://app.adjust.com/f78ji6c) Holvi Payment Services Ltd is regulated by the Financial Supervisory Authority of Finland as an Authorised Payment Institution. The current account issued by Holvi is a payment account and the funds held on the account are managed as segregated customer funds. Funds on the payment account are not covered by deposit insurance and the funds do not accrue interest. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Card is issued by Holvi Payment Services Oy (“Holvi”) pursuant to licence by Mastercard International Inc. Holvi is regulated by the Financial Supervisory Authority of Finland as an Authorised Payment Institution. ![](https://25ekvp3qk4l34935tw15k6wq-wpengine.netdna-ssl.com/wp-content/uploads/2020/09/mc_vrt_opt_rev_73_1x.png) - [Terms of Service](https://support.holvi.com/hc/en-gb/articles/29831814825362-Terms-of-Service) - [Privacy notice](https://support.holvi.com/hc/en-gb/articles/29831985498258-Privacy-Notice) - [Acceptable Use Policy](https://support.holvi.com/hc/en-gb/articles/202256852-Acceptable-Use-Policy) - [Site Notice](https://support.holvi.com/hc/en-gb/articles/202271182-Site-notice)