What is Found Banking? A Complete Guide for Small Business Owners

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As a small business owner, you already know that managing your finances is quite challenging. You might have encountered issues with cash flow, unexpected expenses, or difficulty accessing capital to grow your business. Fortunately, Found Banking is here to help. It’s a new and innovative banking model designed to empower entrepreneurs. In this guide, we’ll explain what Found Banking is, how to use it, its top features, and how it supports business growth.

What is Found Banking?

Found Banking is an online-only business checking account that’s designed to cater to the needs of small business owners. It’s founded by entrepreneurs who understand the pain points and challenges of starting and running a business. Unlike other offerings, Found Banking is focused purely on small businesses, allowing them to access unique products and services that help them grow. With smart business banking and powerful, easy-to-use tools, Found makes banking, bookkeeping, taxes, and invoicing—all your paperwork—simpler than ever.

How do you use Found Banking?

Using Found Banking is effortless. You can sign up for a free account online, and within minutes, you’ll have access to a range of tools and services to manage your finances. Their application does not require a credit check, opening deposit, or minimum balance! Found Banking’s platform is straightforward and designed for business owners. Once you sign up, you’ll be able to access features like online bill pay, debit cards, and a mobile app for easier account management.

Top Features of Found Banking

Found Banking has several top features that small business owners will find useful. Here are a few:

1. Found Debit Card: With Found, you will receive the customized Found Debit Mastercard, with four color choices, at no cost. With your card, you can run reports, send invoices, and save receipts — all from the app.
2. Tax Auto-Savings: Found will calculate your quarterly tax payments and automatically set aside the amount you owe inside your account. In other words: every time you get paid, a percentage of that income will go into a tax account, so you have the right amount already saved for your quarterly tax payment. Don't worry, and you can easily and instantly move this money into your checking account if you need it!
3. Real-time financial insights: Found Banking automatically categorizes your transactions, giving you a clear view of where your money is going. You can use this information to make smarter financial decisions.
4. Seamless integrations: Found Banking integrates with business tools like QuickBooks, allowing you to manage your finances more efficiently.
5. Affordable banking: With Found, you have unlimited ACH transfers and monthly transactions with no overdraft fees or hidden fees!
6. Built for You: Found was built for the self-employed, freelancers, sole proprietors, single-member LLCs, Gig workers, 1099 Contractors, and Small business owners.
   note: Found is not for businesses with multiple W2 employees or multi-person LLCs

How Found Banking Supports Business Growth

Found Banking understands that small businesses need to access funding to grow. In addition to the Found Debit card, they offer free customized invoicing, a built-in contractor management center, customer support 7 days a week, and are FDIC-insured up to $250,000 through Piermont Bank. With Found Banking’s tailored services and support, it’s easier for small business owners to focus on what they do best - growing their business.

Get Started With Found Banking

Found Banking is an innovative banking model that’s helping small business owners access the tools and resources they need to grow. With its user-friendly platform, affordable banking, and financial insights, Found Banking is a game-changer for entrepreneurs. If you’re a small business owner looking to streamline your finances, access capital, and receive top-notch customer support, sign up for Found Banking today.

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. and may be used everywhere Mastercard debit cards are accepted. Found's core features are free. We also offer a paid product, Found Plus.