Found Business Banking Review: Tailored To Freelancers & Self-Employed

Found Business Bank Review

If you run a one-person business, finding the right small business banking solution can be difficult because your needs are unique to running your business, solo. You likely need more than a personal checking account to manage your day-to-day and keep track of expenses, for example. You crave the robustness of a bank that caters to businesses, but may not be keen on paying the fees that come with it. 

Found offers a solution for freelancers and other self-employed individuals through its business banking options. For anyone running a business by themselves, Found is worth taking a closer look at because it’s tailored specifically for what you need and what you don’t.

Let’s explore what Found has to offer.

Found Business Bank

Quick Summary

  • Found is a fintech that offers a business banking experience for freelancers and self-employed individuals. 
  • You won’t have to pay a monthly fee. 
  • The account includes access to invoicing, bookkeeping, and tax-planning features.

Found Details

Product Name


Account Types

Business Checking

Min Deposit


Monthly Fees




What Is Found Business Banking?

Found is a fintech that launched in 2019 to provide a freelancer-friendly banking experience. 

Importantly, Found itself isn’t a bank. Instead, the fintech works with Piermont Bank, which provides the banking side of its services. 

What Does It Offer?

Throughout the platform, you’ll find features designed to make running a one-person business easier. Below is a closer look at those features.

Found Business Bank Review" self-employed card

Business Checking

You can sign up for Found’s business checking account without meeting a minimum deposit requirement or passing a credit check. Once your account is set up, it supports an unlimited number of transactions. 

The account comes with a Found business debit Mastercard. You have the option to use this physical card or spend with a virtual card. You can also manage your account from a desktop platform, or through the iOS and Android apps, which is convenient.

As a freelancer, a big part of running your business is getting paid on time. That often means providing a convenient method of payment for your customers. 

Found connects to a wide range of apps, like Venmo, Cash App, or PayPal to offer streamlined payment solutions. 

You can also accept direct deposits through your account. However, you cannot deposit checks or cash into this account.


Bookkeeping is a sometimes tedious part of running a small business. Found offers a way to make your bookkeeping process easier. 

The account will automatically track your expenses and allow for receipt capture. When you need to take a look at your expenses, you can tap into the helpful reporting tools that provide better visuals on the state of your business. 

As a business owner, the best part is that you can handle your bookkeeping and banking in a single place. You don’t have to manage multiple apps to monitor your financial situation.

Found Business Bank Review: bookkeeping


When you’re self-employed, your tax bill is likely one of your biggest concerns. It’s critical to save throughout the year to cover your taxes. But it’s not always clear how much you should set aside. Found solves this pain point for freelancers. 

Found will automatically set aside money for taxes in a separate savings account. Each time you get paid, the money you owe the IRS will be set aside. This automation is convenient and helps you to avoid accidentally spending more than you should because the money for taxes is already put aside. 

Throughout the tax period, the Found app offers an estimate of your tax bill. The estimate can help you avoid any expensive surprises. Plus, Found will automatically generate a Schedule C form and help you pay your taxes right in the app. 

This key business budgeting tool can help you stay on track to pay your taxes. 


Last but not least, Found gives you access to unlimited professional invoices. While you can draw up your own invoice, Found eliminates one more step in the process of running your business. 

After sending the invoices, Found helps you keep track of their status. For example, you can see when your invoices are viewed and paid. If a reminder is required, Found will automatically send payment reminders to your clients.

Found Business Bank Review: expense tracking

Are There Any Fees?

Found doesn’t charge a monthly fee for its banking services. You’ll also avoid any ATM fees by sticking to in-network ATMs. 

Although there are no fees, there is also no APY attached to this account, which means you won’t earn any extra money on your account. 

How Do I Contact Found Business Banking?

You can get in touch with Found by emailing Based on the positive Trustpilot rating, you should expect a good experience. 

The Found app has also earned 4.7 out of 5 stars in the Google Play Store and 4.8 out of 5 stars in the Apple App Store.

How Does Found Business Banking Compare?

Found isn’t the only banking experience that caters to freelancers and self-employed individuals. 

Lili is another option for freelancers. It offers different levels of banking, some of which come with a monthly fee. But if you opt to pay a monthly fee of $9, you can tap into an interest-bearing opportunity. Lili also works as a useful business budgeting tool

Novo is another banking platform that caters to freelancers. Through this bank account, freelancers can harness the power of algorithms to handle their finances efficiently. 

Found Business Bank Comparison
Found Business Bank Comparison: Lili
Found Business Bank Comparison: NOvo


Monthly Fees




Min Deposit




ATM Access

Free (but some ATMs may come with their own fees)

32,000+ Free ATMs

Unlimited (via Reimbursement)

Mobile App

Desktop Access

FDIC Insured


How Do I Open An Account?

Want to work with Found? It should only take a few minutes to open an account

Start by entering your email address and providing a password. After that, you’ll need to share information about your business. 

Be prepared to share your name, your business name, your business entity type, your business address, and more. You’ll also need to share your Social Security Number but you will have the option to add an EIN for your business later. 

If you want to fund your account, have the funding account information available. 

Is It Safe And Secure?

When you open a Found account, your deposits are FDIC-insured for up to $250,000 through Piermont Bank. This means your funds are protected within this account.

Is It Worth It?

Found offers a business banking experience that is tailored to the needs of freelancers and self-employed individuals. You’ll find a single platform to send invoices, collect payments, pay your taxes, and monitor your business’s financial situation.

However, Found doesn’t have any way to deposit cash or checks. As a business owner, you also won’t have the option to write checks from your account. If you want the option to accept cash or checks, Found is likely not the best option for you. 

Be sure to see what other options are available for your needs. Here are our picks for the best business checking accounts and top online banks for your consideration.

Found Features

Account Types

Business checking

Minimum Deposit




Maintenance Fees



None (online-only bank)

Debit Card

Found business debit Mastercard

ATM Availability

Free withdrawals, but keep in mind some ATMs may come with their own fees.

Accepts Cash or Check Deposit?


Ability To Earn Interest On Checking?


Ability To Write Checks?


Amount Of Transactions


Ability To Invoice

Unlimited, included


Automatically save for your tax bill through Found

SSN Required


EIN Required


Customer Service Number

None listed

Customer Service Email

Desktop Access


Mobile App Availability

 iOS and Android

FDIC Certificate

59154 (through Piermont Bank)



Editor: Claire Tak Reviewed by: Robert Farrington

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