Banking
How can I spend from or deposit money into a pocket?

How can I spend from or deposit money into a pocket?

Pockets help you keep your funds organized, but what if you want to spend money you’ve set aside in pockets you’ve created or deposit money directly into them? You can assign any of your physical or virtual cards to one of your pockets. Here’s how:

  1. In Found, select the Pocket that you want to attach a card to.

  2. Tap Cards on the pocket.

  3. Either create a new card or choose Select an existing card. You can choose from any of your cards, but keep in mind that a card can only be attached to a single Pocket.

  4. Select Save if creating a new card or Attach if using an existing card to save your changes. 

You can also attach a card to a pocket from the card details.

Now, whenever you use this card for a purchase, it will exclusively draw from the pocket it’s attached to. Additionally, if you initiate a transfer to this virtual card from a processor like Venmo, PayPal, or Cash App to this card, the deposit will automatically be sent to your pocket rather than your Primary pocket.

One thing to keep in mind is that flexible spending only applies to your Primary pocket. Make sure that you have sufficient balance in the pocket that you want to make a transaction from or your purchase will be declined.

Additionally, you cannot spend more than your account’s total balance. This means that if your Primary pocket is negative, transactions attempted from a card linked to another pocket may be declined.

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*Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank or Lead Bank, Members 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 or Lead 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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