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Found Reviews

8.6

bestfor-icon No credit check. No required or hidden fees

angelawatson
Written by Angela Mae

About Found | Read More

8.9

LS Score

8.2

Credibility

7

Support

9.6

Accessibility

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Opening Hours Opening Hours drop-down-btn
Mon - Fri 7:00 AM - 7:00 PM PST
Sat - Sun 9:00 AM - 5:00 PM PST
Contact Information Contact Information drop-down-btn
  • help@found.com
  • (888) 845-0131
  • Headquarters: 981 Mission St # 64 San Francisco, CA 94103-2912
Social Media Social Media drop-down-btn

Found Online Banking Review

Found specializes in providing an all-in-one business banking solution for small businesses, LLCs, and self-employed individuals. They have a business checking account, a debit card, and various financial tools to help with tracking expenses and managing taxes throughout the year.

Found Online Banking Highlight

No minimum

Min Deposit

Any ATM that accepts Mastercard

ATM Network

Yes

Other Fees

Pros & Cons

drop-down-btn
  • con-icon More than a debit card — banking, bookkeeping, invoicing, taxes
  • con-icon Auto-save the right amount for taxes and pay from the app
  • con-icon Customize & send unlimited free invoices
  • con-icon Straightforward application process with no minimum balance or hidden fees
  • con-icon Not a direct lender or bank
  • con-icon Certain advanced features and tools are only available with the paid subscription
  • con-icon No business savings accounts or certificates of deposit (CDs)

Features Benefits & Rewards

  • Real-time insights and reporting are included.
  • Make unlimited ACH payments
  • An automated accounting system
  • Real-time update on tax estimates
  • Easily integrates with your other apps and tools

What is it good for?

Found is a great option for people who are looking for a no-frills, hassle-free banking experience. They don’t charge any required or hidden fees, so you can be sure that you’re not going to be surprised by any unexpected charges.

This means that you can open a Found account and start using it immediately without worrying about your credit score or being hit with unexpected fees. You can also use Found to make and receive payments, transfer money, and set up direct deposits. And because Found is FDIC insured, your money should be safe and secure.

If you’re looking for a simple, affordable, and hassle-free banking experience, Found is a great option. Their “No credit check, No required or hidden fees” policy makes it easy to get started and stay on budget.

Here are some specific examples of how Found’s no-credit-check policy and no-fee policy come into practice:

  • You can open a Found account even if you have bad credit or no credit history.
  • You won’t be charged a monthly maintenance fee, a minimum balance fee, or an overdraft fee.
  • You can make unlimited domestic ATM withdrawals at no charge.
  • You can transfer money between your Found account and other accounts for free.
  • You can set up direct deposits and bill payments for free.

Designed for the self-employed

Found is a great option for self-employed people because it offers several features specifically designed to meet the needs of freelancers and small businesses. For example, Found offers a free business debit card, unlimited transactions, and no minimum balance requirement. This means that you can use Found to manage your business finances without having to worry about fees or restrictions.

Found also offers a number of other features that are helpful for self-employed people, such as:

  • Invoicing: Found makes creating and sending invoices to your clients easy. You can even track when invoices are paid and set up reminders for late payments.
  • Bookkeeping: Found automatically categorizes your transactions, so you can easily see where your money is going. You can also export your transaction data to Excel or QuickBooks for further analysis.
  • Tax planning: Found helps you track your income and expenses so you can easily file your taxes. You can also set up automatic transfers to a savings account so you have money set aside for taxes.

Overall, Found is a great option for self-employed people who are looking for a simple, affordable, and feature-rich banking solution. Their “Designed For The Self-Employed” features make it easy to manage your business finances and stay on top of your taxes.

Opening An Account with Found

To open a business account, simply fill out the application on the main page. This will take a few minutes and does not affect your credit score. Be prepared to provide the following information:

  • Legal name
  • Address
  • Date of birth
  • SSN
  • Phone number
  • Email address
  • Estimated annual income (this year)
  • Details regarding your tax situation

You may be required to provide additional information regarding your identity.

Once you’ve completed the application, it can take up to 48 hours to activate the account. It takes 5 to 7 business days, on average, to receive your Found business debit card.

State Availability

- Available in all states

angelawatson
Written by Angela Mae

Angela Mae is a personal finance writer specializing in loans, debt management, investing, retirement planning, and financial literacy. She comes from a journalistic background and pulls from hands-on experience and deep-dive research to breathe life into her stories. Her goal is to help others achieve financial stability and independence. When not writing, she can be found traveling, honing her yoga skills, hiking, or exploring new means of healthy, sustainable living.

faq-icon

FAQ’s

Why is having a business checking account necessary?

For freelancers and self-employed individuals, using a personal checking account or online services like PayPal for payments and invoicing can make doing taxes complicated. Having a dedicated checking account for business purposes simplifies things. It also makes it easier to separate your business income from your personal income.

Which apps can connect to the Found app?

It’s possible to connect apps like PayPal, Square, QuickBooks, Venmo, eBay, and Uber to the Found app.

Is the Found app available on Apple and Android devices?

Yes, the app is available on both the Google Play and Apple App Store.

Customer Support

Found has two main communication options: email (found at the bottom of the website) and an online help form. Once you reach out to them, expect to receive a response within 1 or 2 business days.

Online, Found is BBB accredited with an A+ rating but few online reviews. On Trustpilot, the company has a company page with 4.5 out of 5 stars. Many reviews indicate the company has helped them run the financial side of their business more efficiently.

Privacy & Security

On Found’s security page, they go into detail about how they keep consumer information safe and secure. Their databases, as well as their backups, use Advanced Encryption Standards. The company also uses real-time monitoring and will send an alert if they find anything abnormal. Furthermore, Found has 24/7 fraud monitoring and will notify you of any strange transactions.

Found also ensures their payment partners are PCI-DSS certified, which helps safeguard any payment details. Accounts are also FDIC-insured up to $250,000 through Piermont Bank.

On the legal side, the company’s privacy page indicates that they can collect users’ personal information. This may include contact information, Social Security Number, employment or income data, tax information, etc. The information mainly comes from creating an account or using Found’s online banking services. Found uses it to improve their services, process and prepare forms, develop new features, and so forth.

In Conclusion

Found provides useful financial tools and a business checking account for self-employed individuals and small business owners. The company strives to make online banking and managing financial tasks like estimating taxes as simple as possible.

Brand Disclaimer

Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard®️ debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc. Warranty Disclaimers. THE SERVICES ARE PROVIDED “AS IS,” WITHOUT WARRANTY OF ANY KIND. WITHOUT LIMITING THE FOREGOING, WE EXPLICITLY DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE. We make no warranty that the Services will meet your requirements or be available on an uninterrupted, secure, or error-free basis. We make no warranty regarding the quality, accuracy, timeliness, truthfulness, completeness or reliability of any Content.