Does a Dutch BV need a US entity to open a Hollis account?

No. Hollis accepts BVs directly with a KVK extract and standard KYC documentation — no US subsidiary or EIN is required to open the account.

What counts as a UBO for a Dutch BV opening a US account?

Any individual who owns 25% or more of the BV, directly or indirectly, or who otherwise exercises control, must be declared and provide government-issued identification as part of the UBO Declaration.

How fast can a Dutch BV get approved?

Most BV applications with complete documentation are reviewed same business day to next business day.

Can the BV hold a USD balance without incurring FX costs?

Yes. Once funded, a Hollis account holds and moves USD natively — FX conversion (at mid-market + 0.75%) only applies when converting to or from another currency, not on USD balances or USD-denominated transfers.

What wire rails does a Dutch BV account support?

Fedwire for domestic US transfers ($20), SWIFT for international transfers ($30), and ACH — all incoming wires on any rail are free.

Hollis & Co

All jurisdictions

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US Business Banking for Dutch BV Companies

Open a USD business account for your Besloten Vennootschap in as little as one business day — no US entity required.

Why this matters

Dutch BVs increasingly sit inside structures that need USD liquidity long before they need a US entity: a BV holding a US-facing SaaS subsidiary, a BV used as the EU treasury center for a startup selling into US markets, or a BV cap table denominated in USD to match a US-led funding round. Wiring through a correspondent bank or opening a US account as a non-resident entity is typically slow and paperwork-heavy. Hollis & Co, in partnership with Column N.A., gives Dutch BVs a same-to-next-business-day path to a fully functional USD account — Fedwire, SWIFT, and ACH rails, without needing to set up a Delaware entity first.

Entity Types

BV (Besloten Vennootschap)

Review Time

Same day – next day

Requirements, fees & timeline

Required Documents

·Certificate / Articles of Incorporation
·Tax Identification
·Ownership & Control
·Directors / Control Persons
·Passport (valid)
·Proof of address

Fees

Setup fee

$500

Annual fee

$400

Domestic wire

$20

SWIFT wire

$30

FX spread

+0.75%

Incoming wires

Free

Annual maintenance fee waived if your account maintains an average daily balance of $250,000 or greater across the 365 days prior to your renewal date.

Frequently asked questions

Hollis & Co., Inc. (“Hollis & Co”) is a financial technology company, not a bank. USD deposit accounts and banking services are provided by Column N.A., Member FDIC. Deposits are eligible for FDIC insurance up to $250,000 per depositor, per ownership category, through Column N.A. Use of the Hollis & Co. platform is subject to eligibility requirements and terms of service.