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Found Card Spend Bonus Terms

Published: November 3, 2025

Welcome to the “Found Card spend Program”! These Card Spend Bonus Terms govern your participation, access, and use of the Found Card Spend Bonus Program and are incorporated into the Found Terms of Service between Indie Technologies, Inc. dba Found (“Found”) and you (the “Found Terms”). Capitalized terms used in these Card Spend Bonus Terms without definition have the meanings ascribed to them in the Found Terms. If you have any questions or would like additional information regarding Card Spend Bonus, please contact us through your App or by emailing us at help@found.com.

1. Overview

The Card Spend Bonus Program allows customers that open an Account on or after November 1, 2025 to earn 2.00% Annual Percentage Yield (APY) on your Average Daily Balance for the calendar month of up to $20,000 (a “Bonus”), if you meet the eligibility requirement described below in a calendar month. For clarity, the payment to you of any Bonus amounts is solely an obligation of Found. Found is not a bank and the Bonus is not interest paid by the Sponsor Bank.

2. Eligibility

To earn a Bonus in a given calendar month, you must do all of the following:

  • Be a customer that opens a new Account on or after November 1, 2025.

  • Make at least $5,000 in Qualifying Spend during the month. “Qualifying Spend” includes all settled (i.e., posted, not pending) Card purchases during the month on all cards linked to your Account. “Qualifying Spend” does not include:

    • ATM transactions, including withdrawals, deposits, or transfers.

    • Person-to-person (P2P) payments, including transactions through Venmo, Cash App, Zelle, or similar platforms.

    • Transactions for cash equivalents, including money orders; prepaid card or gift card loads; digital wallet loads or account funding transfers; and other transactions that are functionally similar to cash transfers rather than purchases.

  • Not be in violation of any international, national, state, or local law or regulation as applicable to your eligibility to participate in the Card Spend Bonus Program.

  • Remain in compliance with the Found Terms and these Card Spend Bonus Terms, including without limitation, maintaining your Account in good standing.

We have sole direction to determine your eligibility for a Bonus. We reserve the right to determine whether a transaction is Qualifying Spend based on information available to us. Bonus eligibility is determined monthly, based on Qualifying Spend transactions that have been settled (i.e., posted to your Account) during the applicable calendar month (from 12:00 a.m. PT on the first day of the month to 11:59 p.m. PT on the last day of the month). The $5,000 Qualifying Spend threshold is not prorated for the month in which your Account is first opened.

If a transaction that is Qualifying Spend is later reversed, refunded, or disputed, we may adjust or reverse any Bonus previously credited to your Account.

3. Earning a Bonus

If you are eligible for a Bonus, the amount of your Bonus will be equal to 2.00% APY of your Average Daily Balance for the calendar month for the portion of your balance up to $20,000. Your “Average Daily Balance” for a calendar month is the average amount of funds held in your Account over the course of a calendar month. The Bonus will be paid only on the portion of your Average Daily Balance for the calendar month up to $20,000, and no Bonus will be earned or accrued on any portion of your Average Daily Balance over $20,000.

Any accrued Bonus for a calendar month will generally be paid directly into your Found Account on the first day of the following month. We may delay disbursing Bonus for a variety of factors, including: (i) the number of Bonuses we need to process; (ii) the completeness of any additional documentation we may request to process the Bonus; or (iii) other circumstances that may delay disbursements. You will forfeit any unearned Bonus, if your Account is closed or terminated before the Bonus is paid out.

4. Tax Information

The Bonus may be reported on IRS Form 1099-MISC and we may provide you with such documentation, if applicable. You understand that you are responsible for determining and obtaining appropriate tax treatment for any Bonus you receive, and you are solely responsible for any taxes arising from or related to any Bonus you receive as a result of participating in any Card Spend Bonus Program. By participating in the Card Spend Bonus Program, you hereby release and indemnify Found from any liability for any such taxes.

5. Modification; Termination or Cancellation

The Card Spend Bonus Program, these Card Spend Bonus Terms, and any aspect thereof, including eligibility requirements, are subject to change by Found at any time, with or without advance notice to you. Found may amend or update these Card Spend Bonus Terms at any time by posting a revised version here or through other communications, and your continued participation in the Card Spend Bonus Program after such changes shall indicate your acceptance of the modifications or changes.

The Card Spend Bonus Program is a promotion and Found has the right, in its sole discretion, to terminate or cancel the Card Spend Bonus Program (or any feature thereof) immediately with or without advanced written notice to you. In addition, these Card Spend Bonus Terms and the Card Spend Bonus Program will terminate automatically upon any termination of the Found Terms between you and Found.