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How do I earn an APY bonus on my Found balance?

How do I earn an APY bonus on my Found balance?

Found Plus subscribers are able to earn 1.5% APY on the total balance maintained in their account each month, up to $20,000. Once you sign up for Found Plus, Found will automatically start calculating your bonus based on your daily balances. Found Plus is a paid subscription service, with monthly and annual plans.

How does Found calculate my bonus?

To calculate your APY bonus, Found takes your end of day balance for each day that you were a paid Found Plus member. We average those totals and base your APY bonus off of that average.

Keep in mind that only the days where you’re a paid Found Plus member are eligible to be considered for your bonus. This means that if you sign up for Found Plus on March 29, Found will consider your balances at the end of March 29, 30, and 31st when calculating your bonus. Additionally, eligible balances are capped at $20,000.

When will I receive my bonus?

You’ll receive your bonus on the first of each month, which will appear on your account as “Balance bonus.”

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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.

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