Will the funds from a paid invoice go directly into my account?
This will depend on how the client chooses to pay the invoice you’ve sent them.
If they pay via a Found-to-Found transfer, ACH bank transfer or Domestic Wire transfer the funds would be received directly in your Found account.
If you’ve enabled the card payment option and your client pays via card, as long as your Stripe account has your Found account details set up for payouts, the deposit would arrive in your Found account 1-2 business days after Stripe initiates a payout.
If you enabled any of the other payment methods such as CashApp, Venmo, PayPal or Zelle, then these payments would be sent directly through the payment app, and you'd then need to transfer the funds to Found if you ultimately want the funds to reach your Found account.
for the self-employed
*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 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.