Found Review

Found provides users with a suite of free financial tools that enable an all-in-one banking solution. Users can manage all aspects of their business finances, including banking and bookkeeping, from a single location. The desktop login, as well as the free iOS and Android app, allow users to manage their business from anywhere. In addition, Found’s financial tools include built-in tax and expense tracking tools, making it easy for users to categorize expenses, save receipts, and generate business reports.

Found is a pioneering banking solution for small business owners. Found’s business checking account is one of its most important features, allowing users to separate their personal and business finances. This simplifies finances and makes tax payment obligations easier. Found’s business checking account provides users with their own account and routing numbers and a Mastercard Business Debit card². Moreover, Found integrates seamlessly with a variety of banking and business tools, including Lyft, PayPal, Venmo, eBay, Stripe, and more.

Found provides users with various payment options to facilitate seamless and efficient transactions. Users can link Found to their preferred payment apps, such as PayPal, Venmo, or Cash App, to enable quick and easy payments. The Found business debit Mastercard®² provides users with access to virtual cards, free unlimited ACH transfers, and the ability to pay others seamlessly via phone number or email. Users can also receive direct deposits⁶, allowing for early payment up to two days in advance⁶. Found-to-Found payments are instant and free ⁸ ⁴.Found also offers a cash deposit⁵ options for a $1.75 fee per deposit in 79,000 locations

The auto-save feature makes it easy to set aside an estimated amount for taxes with every payment, avoiding surprises and scrambling come tax season. Real-time tax estimates are updated with every new income or expense, ensuring you always have an estimate of what you will owe. In addition, Found helps identify write-offs for every purchase made with the Found card, maximizing the chances of saving money. Finally, tax paperwork is a thing of the past, as Found auto-generates tax forms such as a Schedule C or Form 1120/1120-S and facilitates tax payments directly from the app (for Schedule C filers).⁷ ³

This business banking service’s account features make it an affordable banking solution for small business owners. There are no required monthly fees or minimum balance requirements and no requirement for an initial deposit.⁴ Signing up for an account is simple and does not require a credit check. Users can conduct unlimited transactions to run their businesses as efficiently as possible. Additionally, Found offers complimentary bookkeeping software to assist users with managing their finances.

The company offers an easy way to track business expenses and automatically categorize them to help identify write-offs and save on taxes. Found’s one-stop shop for accounting, managing invoices, running reports, and more can be done directly from the app, eliminating the need to juggle multiple applications. Found’s receipt capture and notes feature helps keep track of receipts, while powerful real-time reporting allows for keeping tabs on business finances with auto-imported activity into income, expense, and profit and loss reports.