When your structure is too complex for a bank
Business accounts for alternative investment funds, family offices, and holding companies that legacy banks refused to serve. We handle your structural complexity in underwriting instead of declining you upfront.
The problem
You were refused for being hard to bank, not for being illegitimate
Layered ownership, a fund vehicle, a holding company with subsidiaries across three jurisdictions: none of it is a red flag, and all of it gets you declined. Banks and most providers reject complex structures at intake because the structure is expensive to understand, not because anything is wrong with it.The people who feel this are the ones running the operation: the CFO who can't open a euro account for a new SPV, the fund administrator whose account application dies in committee, the family office ops lead re-explaining the ownership chart to a fifth provider. The company is legitimate, the source of funds is clean, and the answer is still a form-letter no.Complexity is a reason to underwrite carefully. It shouldn't be an automatic decline.
The solution
Nordic-licensed EMI built for hard-to-bank business structures
Narvi is a Finnish-licensed Electronic Money Institution regulated by FIN-FSA. We onboard the structures that traditional banks and consumer fintechs turn away for being complex rather than illegitimate: alternative investment funds and their managers, single- and multi-family offices, holding companies with subsidiaries across several jurisdictions, SPVs, and multi-jurisdiction groups with layered ownership.Open account
Use cases
Who this is for?
If the entities are real, the ownership is evidenced, and the source of funds is clean, structural complexity is something to underwrite, not a reason to turn you away.For fund-specific and family-office-specific detail, see the dedicated alternative investment funds and family offices pages.
Alternative investment funds and fund managers (AIFs and AIFMs), including funds under AIFMD II
Single-family and multi-family offices
Holding companies and group treasury functions
Special-purpose vehicles
Multi-jurisdiction groups with layered ownership
Get a banking partner that understands your model
Three things that matter to your business
Dedicated EUR IBANs per entityEach entity in a group can hold its own dedicated IBAN rather than sharing a pooled account. For a holding company with subsidiaries or a fund with multiple vehicles, that means clean reconciliation and a clear account name per entity. 
SEPA and SWIFT includedSend and receive euro payments over SEPA, including SEPA Instant where supported, and settle beyond the euro zone over SWIFT. One provider for domestic and cross-border flows across every entity.
Compliance-first onboarding and a dedicated account managerYou get a named account manager and a compliance-led process, so the complexity of the structure is worked through with a person who understands it, not routed to a queue that declines by default.How to start using Narvi
Four steps, built for a buying group that includes finance, operations, and compliance.Map the structure with us. Share the entities, jurisdictions, and beneficial owners. You send documents online; nothing needs a branch visit.
Compliance-first review with a named account manager. Underwriting assesses the structure itself, with dedicated compliance support, so complexity is examined rather than rejected on sight. Your compliance lead can engage directly with ours.
Get dedicated IBANs, per entity where you need them. Group and subsidiary structures can hold a dedicated EUR IBAN for each entity, which keeps reconciliation clean across the structure.
Operate group-wide. Move money over SEPA and SWIFT, hold multiple currencies, and give each team member role-based access from one platform.
Functionalities
What do you get with a Narvi business account?
Dedicated IBANFull business account in your company name
SEPA paymentsInstant and standard SEPA credit transfers
SWIFT paymentsInternational payments to 180+ countries
Multi-currency walletsHold and transact in EUR, GBP, SEK, USD, and more
Mass payoutsBulk payment processing for B2C disbursements
API accessAutomate payments, reporting, and reconciliationWhy Narvi
Authorised Electronic Money Institution.
Narvi Payments Oy Ab is licensed and supervised by the Finnish Financial Supervisory Authority (FIN-FSA), registration number 3190214-6. Finland is a tier-1 EEA jurisdiction.
Passported across the EU
The licence is passported to European Union countries, so the same account works for companies operating EEA-wide.
Compliance-first, in-house
Onboarding, underwriting, and the platform are Narvi's own, which is what makes case-by-case assessment of a complex structure possible, including under regimes like the EU's AMLA.
Client funds safeguarded
Money held in your accounts is safeguarded under the EU Electronic Money Directive and kept separate from Narvi's own funds.
FAQ
Yes. Single-family and multi-family offices can open a EUR account with Narvi. As an EMI, Narvi assesses the ownership structure and source of funds during compliance-first onboarding rather than declining on complexity alone. Family offices can hold multiple currencies and issue a dedicated IBAN per entity where the structure needs it. See the family offices page for detail.
Yes. Alternative investment funds and their managers (AIFs and AIFMs) can apply. Narvi underwrites the fund structure, its vehicles, and its beneficial owners with dedicated compliance support, instead of rejecting the application because the structure is layered. The alternative investment funds page covers fund-specific needs.
Yes. Holding companies, including those with subsidiaries across several jurisdictions, can open an account. Each entity in the group can hold its own dedicated EUR IBAN, which keeps reconciliation clean across the structure. Narvi assesses the group's ownership and activity during onboarding.
Yes. Group and subsidiary structures can hold a dedicated EUR IBAN for each entity rather than sharing one pooled account. This gives each entity a clear account in its own name and makes reconciliation across a holding structure straightforward. Virtual IBANs can support per-entity flows within the same structure.
No. Narvi is an authorised Electronic Money Institution (EMI) supervised by the Finnish Financial Supervisory Authority, not a bank. Client funds are safeguarded under the EU Electronic Money Directive and held separately from Narvi's own funds, rather than covered by a national deposit guarantee scheme. Safeguarding is a distinct legal protection from deposit insurance.
Most banks decline complex structures at intake because understanding layered ownership and multiple jurisdictions is costly, and their onboarding is built for standard companies. The rejection reflects the cost of underwriting, not the legitimacy of the structure. Narvi's model is to assess the structure case by case with compliance involved from the start.
You'll provide the entities and their registration details, the full ownership chart down to the ultimate beneficial owners, and evidence of activity and source of funds. Clear documentation of the structure is what lets underwriting say yes; the more transparent the ownership, the faster the assessment moves. For context on the EU's tightening AML regime, see the EU's AMLA.
Yes, these are core to who Narvi serves. SPVs, holding structures, and groups operating across several EEA and non-EEA jurisdictions can apply. Each case is underwritten on the legitimacy of the entities, the clarity of ownership, and the source of funds.
Ready to skip the banking bottleneck?Whether you're the CFO, ops lead, or administrator behind a fund, family office, or multi-jurisdiction holding, talk to our team, and we'll scope the right setup for the structure you manage.Talk to us
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Narvi Payments Oy Ab est un établissement de monnaie électronique agréé (EMI). La licence IME de Narvi est accordée par l'Autorité finlandaise de surveillance financière (FIN FSA) avec le numéro d'enregistrement 3190214-6. La licence de Narvi est passeportée pour tous les pays de l'Union européenne.
Construite et réglementée en Finlande© 2026 Narvi. All Rights Reserved.
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