How do I switch to Found from another bank?

Introduction

Found is a modern banking and bookkeeping platform for small business owners.

Found helps thousands of small business owners track expenses, calculate taxes, manage cashflow, send invoices and more—all without leaving their banking app.

Once you decide that Found is right for your business, you can switch over in a few easy steps.

How do I switch to Found?

Step 1: Sign up for an account for free, which includes a 30-day free trial of Found Plus*.

Step 2: Transfer funds from your primary bank account to Found or deposit money another way.

Step 3: Update your Found account number and routing number with any clients or platforms that pay you.

Step 4: Update your Found debit card on any platforms where you make common business expenses.

Step 5: Import historical transactions from your other banks, credit cards, and financial apps so that Found is the source of truth moving forward.

Tip: Check out our Guide to Getting Started for a more detailed checklist to get up and running.

How can I try out Found before switching?

If you already have a business bank account, there are a variety of ways to try out Found before switching over.

Take an interactive product tour

Explore Found at your own pace with our online interactive product tour.

Browse our tutorial videos

Watch our video walkthroughs to get bite-sized overviews of popular features.

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Try out the app yourself

Once you open an account, you can try out Found's bookkeeping and tax features before entirely switching your banking over. We encourage business owners to try out these features themselves using our free plan and 30-day free trial of Found Plus in order to see if the app is right for their needs.

Here are the steps that we recommend taking to see Found's core features in action:

Step 1: Import transactions from your other bank or credit card into Found

Step 2: Categorize these transactions, and create rules to automate the process moving forward

Step 3: View the reports (i.e. P&L, expense breakdown) based on all of these transactions

Step 4: Create Pockets for different parts of your business or savings goals

Step 5: Deposit money from your existing bank account or get paid into Found another way

Step 6: Watch how Found helps you auto-save for taxes and other goals in these Pockets as you earn income

Step 7: View your real-time quarterly tax estimate and see how it updates as you earn income and log expenses

Learn more: Guide to Bookkeeping on Found

Why do business owners switch to Found?

Still need convincing to try out Found? Here are a few reasons why small business owners have switched over from other banking providers.

Generally, traditional banks struggle to serve the unique needs of small businesses because:

They have restrictive requirements and fees 

Many banks require onerous paperwork to open an account and have minimum balance requirements or unexpected fees once you do.

They have outdated apps

Many banks struggle to deliver a modern banking experience. Their apps often feel outdated and complicated, making it difficult to find what you need or complete basic tasks.

They don’t address other key financial workflows 

Many banks do not give their users additional tools to track expenses, save for taxes, manage cashflow, send invoices, and complete other key financial processes. 

As a result, small business owners pay more for a suboptimal banking experience and then must use other apps or hire someone else to manage everything else. This adds time, money, and complexity to the already not-so-fun process of staying on top of their finances.

How is Found different?

Fortunately, Found was designed to address each of these challenges with small business owners in mind.

Found offers transparent pricing—and our core features are free! 

Good news: it is free to sign up for Found! Once you do, there are no required monthly fees* or minimum balances.

Using this free version of the app, you can use our full-featured business checking account and debit card, send and request money, track expenses, send unlimited invoices, manage contractors and more. We’ve intentionally made the bulk of our core features free so that small business owners can get value out of the app without worrying about a monthly subscription.

For businesses who want premium features, such as advanced bookkeeping functionality and priority customer support, they can choose our paid plan, Found Plus. We lay out the cost and features of each plan here.

Found emphasizes sleek, simple design

We understand that managing money comes with stress and anxiety, especially if you feel like you’re missing something or not understanding the full picture. 

Found’s mobile and desktop apps are designed with simplicity in mind, so that you can confidently run your business without getting lost in convoluted workflows or countless spreadsheets.

Even better: we are constantly talking with our customers in order to build new features and roll out design improvements that better meet their needs. 

Found provides tools for taxes, bookkeeping, and more

Your bank account is the financial foundation of your business, so why should it stop at just storing and moving money? 

Found’s “all-in-one” banking solution was built with this exact thought in mind.

Without leaving your banking app, Found enables you to automatically save for taxes, track write-offs, and easily manage your expenses through built-in reporting. You can create a budget based on your cashflow using virtual debit cards and sub-accounts called “Pockets”, and you can send unlimited, free invoices from the same app. For businesses who use contractors, we even help you pay contractors, track those payments, and manage the associated tax paperwork.

Found is most powerful when it’s your primary business bank account so that you can do all of this without needing to sync business income and expenses from other providers. That said, we’ve built the functionality to sync transactions from other accounts or apps, in case you need to.

Learn more: How do I import transactions from another bank or credit card?

Who else is switching?

Over 500k small business owners have chosen Found to run their business banking and bookkeeping. 

And our customers love us! Check out our reviews on the App Store (4.8 stars) and Google Play Store (4.7 stars). 

Have more questions?

*Found's core features are free. Found also offers an optional paid product, Found Plus for $19.99 / month or $149.99 / year. Advanced, optional add-on bookkeeping software available with a Found Plus subscription. There are no monthly account maintenance fees, but transactional fees for wires, instant transfers, and ATM apply. Read more here.

**Filing business taxes through Found is applicable for Schedule C filers (and is included for free as part of the Found Plus annual subscription only.)