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Why traditional business banking is not made for the self-employed

Traditional Banks Collect Fees.

Large banks find a variety of ways to charge account holders - monthly fees,  maintenance fees, minimum balance fees, or other one-off fees. Found built its business on the principle of ZERO fees. 

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Traditional Banks are TERRIBLE at Expense Reporting.

Over the years, dozens of popular apps emerged to help organize and classify credit card statements. This solution is not ideal for small business owners because there is useful transaction information that is only available to the bank, so expenses still need to be manually categorized. Found integrates convenient expense tracking tools into your bank statement. Unlock the power of reporting for free without having to do anything.

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Traditional Banks Have Excessive Requirements.

Not only do small business owners have to spend hours at a bank branch to open a business bank account, but they are required to present their business license and business tax ID along with other documentation. With Found, say no to paperwork and open an account in minutes.

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*Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category.

The Found Mastercard Business debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc.

The information on this website is not intended to provide, and should not be relied on, for tax advice.

**Direct deposit funds may be available for use for up to two days before the scheduled payment date. Early availability is not guaranteed.

Found partners with various providers to enable you to compare offers from participating institutions, such as lending, filing service, and insurance providers. Found is not a lender, a filing service, nor an insurance provider.

Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC.