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How to send payments with Found

How to send payments with Found

Whether you’re paying a contractor, a supplier or a friend, you’ll find all the functionality you need right in your Found account. You can send payments with Found in 3 different ways:

Found to Found payments

Payments to other people on Found are deposited instantly with no fees. To make a payment to someone that uses Found you can search a person by their phone number, email or Found Tag. You can identify another Found customer on the list by the Found logo on the right bottom corner of their profile photo or logo.

Send payment via text message or phone number

You can send a payment to someone with only their phone number or email address. This allows your payee to choose where to deposit their payment and protects their banking information.

When you send a payment through SMS or email, your payee will receive a link with easy steps to deposit their payment using a debit card*, bank account or payment app (Cash App, Venmo, or PayPal). They can also choose to create a Found account from this link to access their payment instantly. If you would prefer to make the Found deposit option less prominent for your recipients, reach out to our team using your Found app.

If your payment recipient doesn’t claim their payment within 7 days, your payment will be returned to you.

Send a direct deposit

You can also send payment to a business or individual when you have their bank account information. You will need them to provide their account and routing number, account holder’s name and what type of account it is. Your payment will be sent directly to your payee’s bank account and will typically settle within 1-2 business days, depending on the receiving bank.

Send a domestic wire transfer

Domestic wires are a secure, fast way to transfer money to another account. You will need the recipient to provide their account and routing number, account holder’s name, address and what type of account it is, and any specific wire instructions that need to be included in the wire. Funds from these transfers will typically arrive within one business day. Found charges a $15 fee per wire transaction.


Other powerful payments functionality that help you run your business include:

  • Notes
    You can send a note attached to your payment to give your payee extra context about your payment, like an invoice or purchase order number.

  • Categorization
    After you’ve sent a payment, Found will ask you if you want to categorize this payment. Selecting a category will consider your payment a business expense and, if you’re a sole proprietor, automatically deduct it from your estimated taxes. Payments to contractors will be automatically categorized as Contractor Services.

  • Tracking payments for contractors
    You can see all payments that you’ve made to a contractor by going to their contact details. If a 1099-NEC form is needed at year’s end, we’ll automatically generate one for you.

  • Require W-9
    You can require contractors to fill out a W-9 before they accept your payment. This ensures you have the IRS-required information needed for their 1099.

  • Scheduled payments
    Schedule payments for the future, up to 3 months in advance. You can edit or cancel the payment before the scheduled send date. We’ll automatically remind you when you have upcoming payments.

  • Duplicate payments
    Save time by copying a previous payment to pre-fill information like recipient, amount, or any notes you’ve left for the payee.

  • Draft payments
    Not ready to send a payment yet? Save it as a draft and come back to it later.

* Transfer limits and fees apply to instant debit card transfers and are subject to change. See our fee schedule for details.

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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.

Found partners with various providers to enable you to compare offers from participating institutions, such as lending, filing service, and insurance providers. Found is not a lender, a filing service, nor an insurance provider.

This website contains advertisement of Found and third party products and services.