Top Benefits

• No Monthly Service Fee for the free business checking account.
• No Minimum Opening Deposit required.
• Early Direct Deposit allows access to paychecks up to two days early.

Accounts Payable Automation

Found simplifies accounts payable for small businesses by providing tools like invoicing and tax-tracking. The platform allows users to send invoices and automatically track business expenses, helping self-employed users manage their finances easily. Found also includes tax assistance, setting aside a percentage of incoming funds to cover quarterly tax payments, which is a key benefit for freelancers and small business owners.

Vendor Payments

Found users can create and manage invoices directly within the app. The platform's early direct deposit feature ensures quicker access to funds, making it easier to pay vendors or contractors on time. While Found does not offer a physical check option, its digital tools allow seamless management of vendor payments.

Transactions

Found offers unlimited transactions with no fees. The account supports early direct deposits, allowing users to receive paychecks up to two days early. However, cash deposits are subject to fees via third-party services, and there is no free ATM network. Users should be aware that although Found doesn’t charge ATM fees, third-party fees may apply at ATMs.

Safety and Security

Found partners with Piermont Bank, an FDIC-insured institution, ensuring that deposits are insured up to $250,000. The app also employs data encryption, 24/7 fraud monitoring, and identity theft protection to safeguard users’ financial information. Found works with PCI-DSS certified partners and has a security program based on the SOC 2 Framework, with regular third-party assessments.

Mobile App

The Found mobile app is available for iOS and Android, offering a user-friendly platform to manage banking, budgeting, invoicing, and tax-tracking. With high ratings (4.5 on Google Play and 4.8 on the App Store), the app allows users to:

• Send invoices and manage transactions.
• Use the pockets system to automatically allocate funds.
• Track expenses and set aside money for taxes. 

However, customer service is only available Monday to Friday from 8 a.m. to 5 p.m. PT, with weekend service available via messaging.

Who Should Use This Business Checking?

Found is ideal for:

• Self-employed individuals and freelancers looking for an all-in-one banking, tax, and invoicing solution.
• Small business owners who need a simple, no-fee online banking platform with basic financial management tools.
• Users comfortable with online-only banking who don’t need to make frequent cash deposits or require in-person support.

How to Open an Account

You can open a Found business checking account through the Found mobile app or online. The requirements include:

• U.S. citizenship or legal residency.
• Basic personal information: Name, address, date of birth, and Social Security number.
• Business information: Business name, entity type, and tax ID (if applicable). 
  
  No minimum deposit is required, and the application process is quick, often approved within 48 hours.

Conclusion

Found offers a feature-rich, no-fee digital banking solution designed for freelancers and small business owners. Its integrated tools for invoicing, tax management, and budgeting make it an attractive option for users looking to streamline financial tasks within a single platform. However, it may not be the best choice for those who need access to physical branches, free ATM withdrawals, or interest-earning accounts.