How do I deposit a check to my Found account?

Eligible users can deposit a check made out to their name or their business's name using the Found mobile app by following these steps:

• Select Add Money.

• Choose Mobile check deposit.

• Take an image of the front and back of the check. Be sure that the image is clear and in focus.

• Enter the check account.

• Select whether the name on the check is your personal or business name.

• Select whether the deposit type is either Income or Funding.

• Once you’ve reviewed all the details, select Complete deposit. 

Funds from check deposits will typically be available after 5 business days, unless additional review is required. Terms apply.

FAQs

How do I know if I’m eligible to deposit checks? 

You can check your eligibility for check deposits within your account. Select Add Money and then Mobile check deposit.

This screen will display the requirements for gaining access to deposit checks. If you’ve met all of the listed requirements, you’ll be prompted to complete identity and business verification. Once approved, you’ll be able to deposit checks using your Found app.

Please note that if your verification requires any additional review, we may have some additional questions for you. Keep an eye on your email, you’ll be notified of a decision on your review or a request for more information within a few business days.

When will the funds from my deposited check be available?

Check deposits are typically available within 5 business days. When you deposit a check, there is always a potential risk that it may be returned due to insufficient funds or other issues. This waiting period gives us time to process and verify the check, ensuring the money is available from the issuing bank. 

The timing for depositing individual checks can’t be adjusted or further expedited. As you go to deposit a check, you’ll see the date when you can expect to receive the check’s funds in your Found account. You can also view this date within the deposit’s detail page within Activity. 

Is there a limit to the amount I can deposit via check? 

Found users can deposit up to $3,000 per week via check deposits. Established users may deposit up to $6,000 per week, with some allowance for one-off deposits of up to $10,000 depending on account balance and history.

What’s the difference between selecting Income or Funding for the check deposit type? 

When a check is marked as Income, you’re letting Found know that this is business income. If you’re a sole proprietor, we’ll include this amount in your tax documents and income reports. We’ll also set aside a portion of the funds in your Taxes pocket for estimated taxes if you’re using Found’s smart percentage allocation.

When a check is marked as Funding, you’re letting Found know that these are personal funds that shouldn’t be considered business income. If marked as Funding, your check will not be considered when calculating or saving for estimated taxes.

You can adjust a deposit’s category anytime by opening the transaction’s details from Activity.

I’m having trouble submitting my check, what should I do? 

• Remember to endorse the back of your check using ink and write “Found mobile deposit only.”

• Separate your check from other paper and place it on a solid dark background. 

• Use good lighting. 

• Make sure all 4 corners of the check are visible in the photo. 

• Make sure your camera focuses on the check. 

• Smooth out any wrinkles or creases in the check. 

Can I deposit any check type? 

The following check types are not eligible for Mobile Check Deposit:

• Foreign checks or checks in non-U.S. currency

• Checks made out to you, from your own bank account

• Checks payable to someone other than you or your business

• Images of checks that never existed in paper form

• Money orders, savings bonds, or traveler's checks

Additional items may be ineligible for Mobile Check Deposit. See terms.

Can I deposit a check at an ATM or when I sign in on a computer at Found.com?

Eligible users can only submit a check deposit through their Found mobile app. 

Can I send a check from my Found account?

Yes! Found users can mail a check directly from Found. Mailed checks cost $1 per check and are sent through USPS First-Class Mail. For more information, see Does Found issue checks.

Can I mail a check to Found for deposit?

We don't accept money orders, checks, warrants, or any other similar form of payment sent to our mailing address. Any of these forms of payment mailed to our office will be shredded and cannot be returned. To deposit a check to your Found account, you must use the Found mobile app.