Question 1

What is Found and who is it for?

Accepted Answer

Found offers a business checking account designed for freelancers and the self-employed.

Question 2

Why can't I stay with Lance?

Accepted Answer

As of March 1, 2023, Lance will no longer be providing banking services. Lance and Found are partnering together to help Lance users transition their business banking seamlessly to Found.

Question 3

How does Found compare to Lance?

Accepted Answer

Similar to Lance, Found was built for freelancers and the self-employed. This alignment is one of the primary reasons Lance chose to partner with Found to provide its users a seamless transition.  Importantly, Found provides an all-in-one business banking service with integrated bookkeeping, taxes, and invoicing features. Found's sign up is free, easy, and there are no hidden account fees.  Found's offering is different from Lance in a few ways. Found offers users unlimited free invoices, unlimited transactions, and account access via web and app.  Found also offers secure W-9 sharing and automatically generates Schedule C and 1099 tax forms for all users for free.  Found does not currently accept check or cash deposits. And while Found does not offer multiple 'stacks,' it does calculate and auto-save for your taxes. New features are always being added to Found, however, and these are top considerations for upcoming features.

Question 4

What do I need to do to switch?

Accepted Answer

There are a few simple steps you can take to transition your business banking to Found:  Sign up for a free Found account Transfer funds from your Lance account or any other bank to your new Found checking account. Remember to update any direct deposits with your new Found account details.  Start using your Found account. No need to wait for the mail—you can use your virtual debit card as soon as you've deposited funds.

Question 5

Is Found secure and FDIC insured?

Accepted Answer

Yes, Found parters with Piermont Bank who is FDIC insured up to $250k.

Question 6

Will my Found account have a routing number?

Accepted Answer

Yes, your Found account comes with its own account and routing numbers.

Question 7

Where can I use my Found debit card?

Accepted Answer

Use your Mastercard® Business debit card anywhere Mastercard® is accepted, including for online and international transactions.

Question 8

Which apps can I connect to my Found account?

Accepted Answer

Found connects seamlessly with all your favorite banking and business tools. Quickly integrated with Quickbooks, Stripe, Cash App, PayPal, Square, Lyft, Uber, Venmo, and more.

Question 9

Can Found help me identify relevant tax deductions and write offs?

Accepted Answer

Yes. Every time you use your Found card for a business purchase, the details will be automatically recorded in your account. Instead of searching through old statements or looking for receipts, all of your expenses—and potential tax deductions—will be in one place and easy to spot.

Question 10

How does Found help me with my self-employed taxes?

Accepted Answer

Found helps you with taxes at every step. Your expenses are automatically tracked and categorized. You cans ave receipts and notes right in the app. Found will even calculate your tax bill, including your self-employment tax, and then auto-save the right amount for tax time.

Question 11

I currently use another accounting tool. Do Found's bookkeeping tools work with other platforms?

Accepted Answer

Yes! Found connects seamlessly with a range of accounting, banking, and business tools. Quickly integrated with Quickbooks, Stripe, Cash App, PayPal, Square, Lyft, Venmo, and more.

Business banking that does more.