Found is a financial technology company that provides business banking and tax management tools for freelancers, independent contractors, and self-employed individuals. The product integrates a business checking account with automatic tax set-aside functionality and expense tracking in a single application.
The platform addresses a structural gap for self-employed workers: most business bank accounts treat tax as external to the banking relationship, requiring separate tools or disciplined manual tracking to prepare for quarterly estimated payments.
What the product is structurally
Found operates as a fintech company, not a bank. Deposits are held at Bancorp Bank, N.A., a member of the FDIC. Standard deposit insurance of up to $250,000 per depositor applies to funds in the checking account.
The platform issues a Visa-branded debit card for purchases. There is no corporate charge card and no revolving credit product within the Found platform.
Found Plus is a paid subscription tier that unlocks additional features including an automated bookkeeping assistant, profit and loss summaries, and expanded tax and category customization. The base tier provides the core account with standard tax set-aside functionality at no cost.
How it works in practice
When revenue is deposited into a Found account, the platform automatically calculates an estimated tax reserve based on the user’s configured self-employment income category and expected tax bracket. This amount is held in a separate virtual bucket within the account. The underlying funds remain in the same FDIC-insured deposit, but are visually and functionally separated in the dashboard.
ACH transfers, mobile check deposit, and debit card payments are the primary transaction mechanisms. The platform does not currently support outgoing wire transfers in the standard product configuration.
Found includes an integrated invoicing tool that allows users to create and send invoices directly from the app. Payments received via invoice flow into the Found account and are automatically categorized.
The expense tracking layer captures and tags debit card purchases. At tax time, these categorized expenses are used to estimate deductible amounts. Found’s tax reporting tools summarize this data in a format consistent with Schedule C preparation.
Fees and pricing mechanics
The standard Found account carries no monthly fee, no minimum balance, and no ACH transfer fees. The platform does not charge for invoice creation or standard expense categorization.
Found Plus is priced at $19.99 per month (or at a discounted annual rate as of 2026). This tier provides bookkeeping automation, expanded analytics, and priority customer support.
Out-of-network ATM withdrawals are subject to a fee. Found does not operate its own ATM network and does not currently partner with a fee-free ATM network such as Allpoint in the standard product configuration.
Found earns revenue primarily through interchange fees generated on debit card transactions and through the Found Plus subscription.
Limits, eligibility, and availability
Found is designed for sole proprietors, single-member LLCs, and independent contractors — not for businesses with employees, multiple owners, or complex organizational structures. Multi-member LLCs and corporations are generally not eligible for the standard product.
Applicants must be U.S. residents and at least 18 years of age. The application requires a Social Security number (SSN) or ITIN; an EIN is optional for sole proprietors. Business certificates of formation are not required for sole proprietors.
Daily ACH and mobile deposit limits apply. Businesses with high transaction volumes — such as contractors receiving multiple large project payments — may encounter these caps and should verify them before relying on the account for primary business cash flow.
Tradeoffs, risks, or limitations
Found is built for simplicity rather than financial depth. It lacks wire transfer capability, multi-user access, corporate card issuance, and the treasury or yield products available on platforms designed for larger businesses.
The tax set-aside feature automates an estimate, but it is not a substitute for professional tax advice. The platform’s calculation is based on the user’s configured income type and a fixed withholding percentage. Freelancers with complex income mixes — multiple 1099 sources, state-specific tax obligations, business deductions — should treat this as a starting point rather than a final number.
The product is oriented toward cash flow, not balance sheet. Freelancers who routinely hold significant cash reserves will find more yield value in a platform with a high-interest savings product. Found’s checking account does not pay interest at the standard tier.
As a non-bank fintech, Found’s operational continuity depends on Bancorp Bank and Found’s platform availability. While deposits remain insured, account access during any platform disruption would depend on recovery procedures.
See also: Relay Review, Bluevine Review
