Last verified: May 14, 2026. Features, pricing, and availability may vary. Always confirm current details directly with each provider.
If you've formed an LLC, your business banking decision is shaped by tax structure, ownership structure, and how much your business mixes with your personal finances. We compared 10 business banking options across the criteria that matter most for LLC owners: how the provider handles different LLC tax structures (single-member sole prop, S-Corp election, partnership, C-Corp), multi-member access for shared owners, pricing, banking features, bookkeeping and tax tools, and contractor management.
Found is a financial technology company, not a bank. Banking services provided by Lead Bank, Member FDIC.
Each option below fits a specific LLC profile. Match yourself to the closest scenario; for most single-member LLCs taxed as sole props or via S-Corp election, Found is the most complete bundle.
Single-member LLC taxed as sole prop, or S-Corp-elected LLC, that wants banking + bookkeeping + tax-form generation in one app: Found — Best for built-in bookkeeping and Schedule C / 1120-S form generation for single-member LLCs.
Multi-member LLC with VC funding or treasury needs: Mercury — Best for multi-member LLCs with treasury and corporate-card needs.
LLC that wants to earn yield on operating cash: Bluevine — Best for LLCs earning APY on checking balances (eligibility per Bluevine's terms).
Multi-member LLC running Profit First or partner-allocation budgeting: Relay — Best for multi-account allocation across LLC partners.
Single-member LLC wanting simple no-monthly-fee online banking: Novo — Best for single-member LLCs wanting fee-light online banking.
Solo LLC owner who runs the business from a phone: Lili — Best mobile-first option for single-member LLCs.
LLC with envelope-style budgeting needs: NorthOne — Best for envelope-style sub-account budgeting.
LLC that needs physical branches and in-person services: Chase Business Complete Banking — Best LLC option for branch access.
LLC that regularly handles cash deposits: Bank of America Business Advantage — Best for cash-deposit-heavy LLCs.
LLC owner with strong existing American Express relationship: American Express Business Checking — Best for earning rewards on LLC debit-card spend.
Before comparing providers, it helps to understand which LLC tax structure you've elected — because not every provider supports every structure equally, and this drives which features actually apply to you. Tax election decisions have material tax and legal implications and should be discussed with a qualified tax or legal professional. The summaries below describe what each election generally means for your banking choice — they are not tax advice.
An LLC is a legal entity, but the IRS lets you choose how it's taxed. The four common elections — and their implications for the providers in this article — are:
Single-member LLC taxed as sole proprietor: Files Schedule C with personal Form 1040. Found supports Schedule C generation. Found Plus⁴ and Found Pro⁴ include in-app quarterly tax payments for Schedule C filers. From a banking standpoint, all 10 providers in this article support single-member LLCs filing Schedule C — Found is the only provider that also includes Schedule C generation and (with Found Plus⁴ or Found Pro⁴) in-app quarterly tax payments¹⁰.
LLC taxed as S-Corporation (S-Corp election): Files Form 1120-S. Found supports 1120-S form generation across all tiers. S-Corp filers can use Found for banking, bookkeeping, and 1120-S form generation, but should plan to handle their quarterly tax payments via their preferred method (Found's in-app quarterly tax payment feature is for Schedule C filers). S-Corp election has specific implications for owner compensation, distributions, and tax payments — consult a qualified tax professional.
Multi-member LLC taxed as partnership: Files Form 1065 with K-1s for each partner. Found does NOT currently support Form 1065 generation; multi-member LLCs taxed as partnerships should plan to use a separate tax-prep workflow. Banking features still apply.
LLC taxed as C-Corporation (C-Corp election): Files Form 1120. Found does NOT generate Form 1120; C-Corp-elected LLCs can open Found accounts but are responsible for their own tax filing workflow.
We compared each provider's free or lowest-paid tier (we call this the 'entry tier' throughout this article — some providers have a free tier, others charge a waivable monthly fee on their base plan) against Found's free plan, each provider's mid tier against Found Plus⁴, and each provider's premium tier against Found Pro⁴ — always matching the same tier level across brands so the comparison is apples-to-apples. For each provider we verified monthly cost, minimum balance requirements, APY (if any), included banking features, built-in bookkeeping and tax tools, contractor management capabilities, multi-member access, and which LLC tax structures the provider's tax features cover. Every claim in this article is sourced against the provider's own pricing and product pages as of the date at the top of this article. We update this article monthly and note the last-verified date on every publish.
Found is the only banking platform in this comparison that bundles automated bookkeeping, real-time tax estimates, Schedule C generation (for single-member LLCs taxed as sole prop), Form 1120-S generation (for S-Corp-elected LLCs), and free contractor 1099-NEC e-filing into a business checking account — with no monthly account maintenance fees on any plan⁴. Every plan — including the free plan — includes a business checking account, a Mastercard Business debit card², automated expense categorization, unlimited invoicing, real-time tax estimates, a tax savings bucket, and up to 8 Pockets (sub-accounts with virtual account numbers).
LLC tax structure support: Found supports single-member LLCs taxed as sole proprietors (Schedule C) and LLCs taxed as S-Corp (Form 1120-S generation). Found does NOT currently generate Form 1065 (partnership-taxed LLCs) or Form 1120 (C-Corp-elected LLCs); multi-member LLCs taxed as partnerships and C-Corp-elected LLCs can open Found accounts but should plan to use a separate tax-prep workflow.
Multi-member access: Found supports team cards (virtual and physical) on every plan, accountant access on every plan, and multi-business management for up to 5 separate business entities under one login — useful for LLC owners with multiple entities or for partners sharing access.
Contractor management and 1099-NEC e-filing are uniquely included at no extra cost. Every Found plan supports W-9 collection, ACH contractor payments, free instant payments between Found users¹², and unlimited 1099-NEC e-filing at year-end. Most providers in this article require a separate contractor-payment service (for example, Gusto Contractor Only, often an add-on cost starting at ~$6/month base, plus per-contractor fees) to match this.
Found Plus⁴ ($35/month or $315/year)³ adds 1.50% Annual Percentage Yield (APY) on balances up to $20,000¹⁴ — up to 2.00% APY on balances up to $20,000 (for customers who signed up after November 1, 2025, with $5,000 or more in monthly qualifying debit card spend; variable)¹⁶ — plus in-app quarterly tax payments for Schedule C filers¹⁰ and priority support¹⁵. (Found's in-app quarterly tax payment feature is currently for Schedule C filers; S-Corp-elected LLCs can use Found's 1120-S form generation but handle quarterly tax payments via their preferred method.) Unlike many competitors in this article, Found's APY applies to your account balance rather than a separate savings account. Found Pro⁴ ($80/month or $720/year)³ earns 2.50% APY on all balances¹⁴ (variable), includes a Metal Mastercard¹⁹, a dedicated account manager¹⁵, and 1% cash back on qualifying purchases¹⁷ (exclusions apply for ATM withdrawals, person-to-person transfers, and cash equivalents). Found Pro⁴ is well-suited to LLC owners managing multiple entities, since multi-business management for up to 5 entities, the dedicated AM, and metal card are all included.
There are no monthly account maintenance fees on the Found free plan, but transactional fees for wires, instant transfers, and out-of-network ATMs may apply — see the Found Fee Schedule⁴.
Who it's best for: single-member LLCs taxed as sole proprietors who want banking + bookkeeping + in-app quarterly tax payments handled in one app, and single-member LLCs that have elected S-Corp status who want banking + 1120-S form generation.
Best for: bookkeeping + Schedule C / 1120-S form generation for single-member LLCs.
Mercury markets itself as a banking platform designed for technology startups and VC-backed businesses. The free tier includes a business checking account and a Mastercard debit card. Mercury is a financial technology company, not an FDIC-insured bank — banking services are provided through Choice Financial Group and Column N.A., Members FDIC. Mercury's free checking tier has no minimum balance requirement. Mercury Treasury (a separate cash-management product, not a bank deposit) is designed to earn yield on idle cash up to 3.65% annually (yield as of March 2026, based on the 30-day SEC yield for MULSX and assumes total Mercury deposits of $20M+; see mercury.com for current rates); Treasury access requires a $250,000 minimum balance across Mercury accounts‡. Paid plans start at $29.90/month.
LLC tax structure support: Mercury does not include built-in bookkeeping or tax tools — customers typically connect via Mercury's integrations marketplace, which lists QuickBooks Online, Xero, NetSuite, and others (see mercury.com/integrations for the current list). Mercury supports any LLC tax election from a banking standpoint; for tax filing of Form 1065 (partnership-taxed LLCs) or Form 1120 (C-Corp-elected LLCs), customers handle filing themselves or via their CPA.
Multi-member access: Mercury supports multi-user access with named roles (Admin, Employee, Accountant) plus custom roles, configurable per user via Mercury's roles and permissions controls. Mercury also supports dual-admin approval policies for outgoing payments. Combined with corporate cards and integrations with accounting platforms, this is well-suited to multi-member LLCs and venture-backed entities.
Who it's best for: multi-member LLCs and venture-funded LLCs (including C-Corp-elected entities) that need treasury, corporate cards, and integrations with accounting platforms.
Best for: multi-member and VC-funded LLCs with treasury needs.
Bluevine's free Standard tier offers a business checking account with a Bluevine Business Debit Mastercard® and 1.30% Annual Percentage Yield (APY) on balances up to $250,000 (variable). Per Bluevine: "Standard plan customers will earn 1.30% APY on total balances up to $250,000 for a given month only if they meet at least one Eligibility Requirement during that month's Eligibility Period as described in the Terms of Interest Accrual. No interest earned on balances over $250,000" (see bluevine.com/business-checking for current terms). Per Bluevine: "Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC. FDIC insurance only covers the failure of an FDIC-insured bank. FDIC insurance is available through pass-through insurance at Coastal Community Bank, Member FDIC, if certain conditions have been met. Bluevine accounts are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank, Member FDIC and our program banks"†. Bluevine Plus ($30/month, waivable§) earns 1.75% APY on balances up to $250,000, and Bluevine Premier ($95/month, waivable§) earns 3.00% APY on all Bluevine Business Checking balances (no cap; see bluevine.com/business-checking/plans-and-pricing for current terms).
LLC tax structure support: Bluevine does not include built-in bookkeeping or tax tools — customers typically connect to Xero or similar accounting software. Banking-side support works for any LLC tax election.
Multi-member access: Bluevine supports team collaboration with additional users (Bluevine sub-users).
Who it's best for: LLC owners whose primary goal is earning yield on operating cash and who already have a separate bookkeeping workflow.
Best for: earning APY on checking balances.
Relay's free Starter tier lets customers open up to 20 individual checking accounts and issue up to 50 virtual and plastic Relay Visa® debit cards per cardholder per account — useful for allocating money by purpose (taxes, payroll, owner draws, partner distributions) in a Profit First style. Starter earns 1.11% APY on savings account balances (variable; no minimum balance required, no stated balance cap — see relayfi.com/pricing for current rates and conditions). Paid tiers — Grow ($30/month, 1.75% APY on savings balances + multi-step approval rules) and Scale ($120/month or $90/month annual, 3.00% APY on savings balances, up to 50 checking accounts per business) — add features like higher transaction limits and same-day ACH (see relayfi.com/pricing for current terms). APY applies to Relay savings accounts only, not checking. Relay is a financial technology company, not an FDIC-insured bank; banking services are provided through Thread Bank, Member FDIC.
LLC tax structure support: Relay does not include built-in bookkeeping or tax tools — customers connect to QuickBooks Online, Xero, Gusto, Plaid, or Yodlee. Banking-side support works for any LLC tax election.
Multi-member access: Relay's user permissions and team roles are well-suited to multi-member LLCs running shared accounts.
Who it's best for: multi-member LLCs running a Profit First or partner-allocation cash management system.
Best for: Profit First budgeting and multi-account allocation across LLC partners.
Novo offers one tier with no monthly fees and no minimum balance requirement. The account includes a Mastercard debit card, Novo Reserves (a sub-account feature for setting aside money), unlimited free Novo Invoices, and Novo's AI-powered bookkeeping with automatic transaction categorization, P&L reports, and tax-friendly categories that export for Schedule C prep. Novo checking balances do not earn APY. Banking services are provided by Middlesex Federal Savings, F.A., Member FDIC†.
LLC tax structure support: Novo's bookkeeping export is well-suited to single-member LLCs taxed as sole proprietors (Schedule C). For S-Corp, partnership, or C-Corp-elected LLCs, customers handle their own tax workflow.
Multi-member access: Novo supports team access on its single tier.
Who it's best for: single-member LLCs that want a no-monthly-fee online checking account with light automated bookkeeping and broad e-commerce integrations (QuickBooks, Stripe, Square, Shopify, Etsy, Amazon).
Best for: no-monthly-fee online banking with automated categorization.
Lili offers four tiers for solo business owners: Lili Core ($0/month), Lili Pro ($15/month), Lili Smart ($35/month), and Lili Premium ($55/month). All tiers include a business checking account, a Lili Visa® Debit Card, and access to the Lili Savings Account, which earns 2.25% APY on Lili Savings Account balances up to $500,000 and 4.00% APY on the portion of balances between $500,000 and $1,000,000 (tiered structure: customers earn 2.25% on the first $500K and 4.00% on the portion from $500K to $1M; balances above $1M do not earn APY). APY is variable and subject to change; rates as of January 2026 — see Lili for current rates. Lili is a financial technology company, not a bank; banking services are provided by Sunrise Banks, N.A., Member FDIC†.
LLC tax structure support: Lili's tax features are designed primarily for Schedule C filers. For S-Corp, partnership, or C-Corp-elected LLCs, customers would need to handle 1120-S, 1065, or 1120 separately.
Multi-member access: Lili's interface is built for mobile-first solo use and isn't optimized for multi-member access.
Who it's best for: solo single-member LLCs taxed as sole props who run their business from a phone.
Best for: mobile-first single-member LLCs.
NorthOne offers two tiers: NorthOne Standard ($0/month) and NorthOne Plus ($30/month). Both tiers include a North One Mastercard® Small Business Debit Card and unlimited Envelopes — sub-accounts with allocation rules. Fee-free ATM withdrawals are available through the 55,000+ Allpoint network. Standard earns up to 2.50% APY on balances up to $250,000 (subject to eligibility requirements: account in good standing with a balance greater than $0 and $500+ in monthly debit card spend; for balances over $250,000, the APY tiers down — see NorthOne's APY Program Terms at northone.com/apy-program-terms for current rates); Plus earns up to 3.00% APY on balances up to $250,000 (subject to the same eligibility requirements; tiered rate on balances over $250,000 — see NorthOne's APY Program Terms) and adds 1% cash back on debit-card spend. Transactional fees for wires, instant transfers, and out-of-network ATMs may apply — see NorthOne's published fee schedule. It integrates with QuickBooks Online, Xero, and several payroll and e-commerce tools. NorthOne is a financial technology company, not a bank (NorthOne is not FDIC-insured); banking services are provided by The Bancorp Bank, N.A., Member FDIC†.
LLC tax structure support: NorthOne does not include native bookkeeping or tax tools — customers connect to QuickBooks Online or Xero. Banking-side support works for any LLC tax election.
Multi-member access: NorthOne supports additional users.
Who it's best for: LLCs that want envelope-style budgeting to separate money by purpose (taxes, payroll, owner draws, rent) and integrations with their existing accounting and payroll tools.
Best for: envelope-style budgeting.
Chase Business Complete Banking® has a $15 monthly service fee, waivable by maintaining a $2,000 minimum daily balance, receiving $2,000 in Chase QuickAccept® deposits, or spending $2,000 in eligible Chase Ink® Business or Chase Sapphire Reserve for Business® card purchases in a statement cycle (see Chase's Business Complete Banking fee schedule at chase.com/business/banking/business-complete-banking for current waiver terms). Chase operates over 5,000 branches and more than 14,000 ATMs nationwide, offers in-person card acceptance via Chase QuickAccept, and is directly FDIC-insured as a bank. Higher tiers — Chase Performance Business Checking® ($40/month, waivable at a $35,000 balance) and Chase Platinum Business Checking℠ ($95/month, waivable at a $100,000 balance) — add higher transaction allowances.
LLC tax structure support: Chase does not include built-in bookkeeping or tax tools. Multi-user access is supported through Chase's Access & Security Manager℠ — letting the account owner create individual user profiles, control which accounts each user can see, and monitor user activity. Well-suited to multi-member LLCs.
Who it's best for: LLCs that need physical branch access, accept cash or checks regularly, or prefer a traditional banking relationship.
Best for: traditional banking with physical branch access.
Bank of America's Business Advantage Fundamentals™ account has a $16 monthly fee, waivable by maintaining a $2,500 minimum daily balance or $5,000 combined average monthly balance, or by using the business debit card for at least $250 in qualifying net purchases per statement cycle. No monthly service fee is charged for the first 12 statement cycles (transactional fees for wires, non-network ATMs, and other services still apply per the Bank of America business fee schedule). The account includes free cash deposits up to $7,500 per statement cycle and access to 16,900+ Bank of America ATMs. Bank of America, N.A. is Member FDIC†.
LLC tax structure support: BofA does not include built-in bookkeeping or tax tools but offers Cash Flow Monitor, Zelle for business, multi-user access via Bank of America's Account Management service (Administrator and user roles, with Transactional / View / No Access levels per account), and integrations with QuickBooks.
Who it's best for: LLCs that regularly deposit cash, need a wide branch and ATM network, or want to consolidate personal and business banking at a traditional bank.
Best for: LLCs that deposit cash regularly.
American Express® Business Checking has no monthly maintenance fee, no minimum opening deposit, and no minimum balance requirement. It pays 1.30% Annual Percentage Yield on account balances up to $500,000 (no interest is earned on balances above $500,000; APY is subject to change at any time without notice, per American Express National Bank's Business Checking Rates & Fees) and earns 1 Membership Rewards® point for every $2 spent on eligible Business Debit Card purchases. The account includes access to 37,000+ MoneyPass® ATMs at no cost and FDIC insurance via American Express National Bank, Member FDIC. New users may be eligible for a welcome offer after meeting qualifying criteria.
LLC tax structure support: Amex Business Checking does not include built-in bookkeeping or tax tools and is designed for LLCs already in the American Express card ecosystem.
Multi-member access: Amex Business Checking supports adding team members and accountant access.
Who it's best for: LLCs with an existing American Express Business Card who want to earn Membership Rewards on debit-card spending in addition to card spend.
Best for: earning rewards on LLC debit-card spend.
This table compares each provider's free or entry-tier offering for LLC owners. See required disclaimers below the table.
Provider | Required monthly fees | APY | LLC structures Found tax support | Multi-member access | Bookkeeping | Physical branches |
|---|---|---|---|---|---|---|
Found¹ (free) | $0 | Up to 2.00% APY on balances up to $20,000 for customers who signed up after November 1, 2025, with $5K+ monthly qualifying spend (variable)*¹⁶ | Found supports SP-taxed (Schedule C) and S-Corp-taxed (1120-S); not 1065 / 1120 | Team cards + accountant access on every plan (multi-business up to 5 entities) | Yes (automated categorization + P&L) | No |
Bluevine (Standard) | $0 | 1.30% APY up to $250K (eligible)* | Banking-side: any LLC structure | Sub-users supported | No (QB integration) | No |
Novo | $0 | — | Banking-side: any LLC structure (Schedule C export only) | Team access supported | AI categorization + P&L reports | No |
Relay (Starter) | $0 | 1.11% APY on savings account balances (variable)* | Banking-side: any LLC structure | User permissions + team roles | No (QB/Xero integrations) | No |
Mercury (free) | $0 | Up to 3.65% via Treasury‡ (not FDIC-insured; $250K min) | Banking-side: any LLC structure (incl. C-Corp-elected) | Admin / Employee / Accountant roles + custom roles | No (QB/Xero/NetSuite) | No |
Lili (Core) | $0 | Up to 4.00% APY on savings (tiered)* | Banking-side: optimized for SP-taxed (Schedule C) | Mobile-first solo (limited multi-user) | Lili AI (Smart/Premium only) | No |
NorthOne (Standard) | $0 | Up to 2.50% APY on balances up to $250K (eligibility required)* | Banking-side: any LLC structure | Additional users supported | No (QB/Xero integrations) | No |
Chase Business Complete | $15/mo (waivable§) | — | Banking-side: any LLC structure | Multi-user access via Access & Security Manager℠ | No | Yes (5,000+ branches, 14,000+ ATMs) |
BofA Business Advantage | $16/mo (waivable§) | — | Banking-side: any LLC structure | Multi-user access via Account Management (Administrator + sub-users) | Cash Flow Monitor only | Yes (16,900+ ATMs) |
Amex Business Checking | $0 | 1.30% APY on account balances up to $500,000 (variable)* | Banking-side: any LLC structure | Multi-user / accountant access | No (QB/Xero integrations) | No |
¹ Found is a financial technology company, not a bank. Banking services provided by Lead Bank, Member FDIC. Deposits FDIC-insured up to $250,000 per depositor. ² The Found Mastercard Business debit card is issued by Lead Bank pursuant to a license by Mastercard International. ³ Found's core features are free. Found also offers two optional paid products, Found Plus for $35/month or $315/year and Found Pro for $80/month or $720/year. Discount rates may apply. ⁴ Optional subscriptions to Found Plus for $35/month or $315/year or Found Pro for $80/month or $720/year. Discount rates may apply. There are no monthly account maintenance fees on the Found free plan, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read Found Fee Schedule. ⁵ Subject to eligibility requirements, applicable terms and conditions, and service fees. See Terms of Service and Lead Account Terms for more details. ¹⁰ Tax payments are available for Found Plus subscribers (for $35/month or $315/year) and Found Pro subscribers (for $80/month or $720/year) who file a Schedule C. ¹² Payments can be sent for free between Found users or by bank transfer via text, email, or direct deposit. Domestic wire transfers are available for a fee (see Found Fee Schedule). ¹⁴ Found Plus subscribers (for $35/month or $315/year) earn 1.50% Annual Percentage Yield (APY) on balances up to $20,000. Found Pro subscribers (for $80/month or $720/year) earn 2.50% APY on all balances, with no cap. APY is variable and subject to change. ¹⁵ Priority customer support is available to Found Plus (for $35/month or $315/year) and Found Pro subscribers (for $80/month or $720/year). A dedicated account manager is available to Found Pro subscribers only. ¹⁶ Customers who signed up for an account after November 1, 2025 earn a bonus equal to 2.00% Annual Percentage Yield (APY) on the portion of their account balance up to $20,000 for a given month only if they spend $5,000 in qualifying debit card transactions during the month and satisfy other eligibility requirements described in the Card Spend Bonus Terms. ¹⁷ Cash Back Terms and Conditions apply. Cash back on qualifying purchases only; exclusions apply for ATM withdrawals, person-to-person transfers, and cash equivalents. ¹⁹ The metal card is an exclusive Found Pro benefit and is limited to one card per account. Found does not provide and should not be relied on for tax advice. Found's tax estimates, tax savings bucket, and in-app quarterly tax payment features are informational tools to help you manage tax planning; consult a qualified tax professional for guidance on your specific tax situation.
APY is variable and subject to change. Eligibility requirements and activity thresholds apply. See each provider's terms for current rates and conditions: Bluevine (bluevine.com/business-checking/plans-and-pricing), Novo (novo.co/business-banking), Relay (relayfi.com/pricing), Mercury (mercury.com/pricing), Lili (lili.co/plans), NorthOne (northone.com), Chase (chase.com/business/banking/business-complete-banking), Bank of America (bankofamerica.com/smallbusiness/deposits), American Express Business Checking (americanexpress.com/en-us/business/banking). § Waiver conditions for providers with waivable monthly fees (see § marker next to each waivable fee in the summary table above): Chase Business Complete Banking — waivable with $2,000 minimum daily balance, OR $2,000+ in Chase QuickAccept deposits, OR $2,000+ in Chase Ink Business or Chase Sapphire Reserve for Business purchases per statement cycle. Bank of America Business Advantage Fundamentals — no fee first 12 statement cycles; thereafter waivable with $2,500 minimum daily balance, OR $5,000+ combined average monthly balance, OR $250+ in qualifying net debit-card purchases per statement cycle. Bluevine Plus ($30/month) and Premier ($95/month) — waivable with deposit and spend thresholds per Bluevine's pricing page.
‡ Mercury Treasury is not a bank account and is not FDIC-insured. Treasury is a cash management product that invests in money market funds; yield varies and principal is not guaranteed. Minimum $250,000 balance across all Mercury accounts required.
Most providers in this comparison offer a business checking account only — bookkeeping, contractor payments, 1099 e-filing, and tax tools are separate products you'd add through integrations. Found bundles these into its free plan at $0/month. For an LLC owner who wants automated bookkeeping, invoicing, and the ability to pay contractors and file 1099-NECs, here's what a comparable stack looks like:
Stack | Business checking | Bookkeeping | Contractor payments + 1099 e-file | Required monthly fees |
|---|---|---|---|---|
Found (free plan)¹ | Included | Included (automated, Schedule C + 1120-S) | Included (W-9, ACH, 1099-NEC e-file) | $0 |
Bluevine Standard + QuickBooks + Gusto | Bluevine Standard ($0) | QuickBooks Simple Start (~$35) | Gusto Contractor Only (~$6 base + per-contractor fees) | ~$41+ / month |
Relay Starter + Xero + Gusto | Relay Starter ($0) | Xero (~$15–$20) | Gusto Contractor Only (~$6 base + per-contractor fees) | ~$21+ / month |
Chase Business Complete + QuickBooks + Gusto | Chase Business Complete ($15) | QuickBooks Simple Start (~$35) | Gusto Contractor Only (~$6 base + per-contractor fees) | ~$56+ / month |
¹ Found is a financial technology company, not a bank. Banking services provided by Lead Bank, Member FDIC. Found's free plan includes a business checking account, a Mastercard Business debit card, automated bookkeeping, unlimited invoicing, contractor W-9 collection and 1099-NEC e-filing, up to 8 Pockets, real-time tax estimates, a tax savings bucket, and auto-generated Schedule C (for SP-taxed LLCs) and Form 1120-S (for S-Corp-taxed LLCs). ² The Found Mastercard Business debit card is issued by Lead Bank pursuant to a license by Mastercard International.
* Competitor Pricing Sources *:Competitor pricing above is drawn from each provider's public pricing page and third-party pricing as of the 'Last verified' date at the top of this article:• Bluevine: bluevine.com/business-checking/plans-and-pricing• Novo: novo.co/business-banking• Relay: relayfi.com/pricing• Mercury: mercury.com/pricing• Lili: lili.co/plans• NorthOne: northone.com• Chase: chase.com/business/banking/business-complete-banking• Bank of America: bankofamerica.com/smallbusiness/deposits• American Express: americanexpress.com/en-us/business/banking• QuickBooks Simple Start: quickbooks.intuit.com/pricing• Xero: xero.com/us/pricing-plans• Gusto Contractor Only: gusto.com/product/payroll/contractorsCompetitor features, pricing, and availability may change at any time. Always confirm current details directly with each provider.
This is the single biggest factor. Single-member LLCs taxed as sole prop file Schedule C — most providers including Found work well. LLCs that have elected S-Corp status file Form 1120-S — Found supports 1120-S generation; most competitors don't include built-in tax filing. Multi-member LLCs taxed as partnerships file Form 1065 — Found does NOT generate 1065 (you'll need a separate tax-prep workflow); banking still works fine. C-Corp-elected LLCs file Form 1120 — Found doesn't generate 1120; Mercury and Chase are commonly used for C-Corp banking.
Multi-member LLCs need shared owner access and may have more complex cash flow (multiple owner draws, partner distributions). Mercury, Relay, BofA, and Chase all support multi-user / role-based access. Lili is built for solo use. Found supports team cards and accountant access on every plan, plus multi-business management for up to 5 separate entities — useful if your LLC owners run multiple businesses.
If you keep meaningful cash in the LLC, compare APY structures at the same tier. Bluevine earns 1.30% APY on balances up to $250,000 (Standard) and Amex earns 1.30% APY on balances up to $500,000; Mercury offers higher yield via Treasury (with caveats — see ‡); Found Plus⁴ earns 1.50% APY on balances up to $20,000¹⁴ — up to 2.00% APY on balances up to $20,000 (for customers who signed up after November 1, 2025, with $5,000+ monthly qualifying debit card spend; variable)¹⁶ — and Found Pro⁴ earns 2.50% APY on all balances¹⁴ (variable). Always read the activity requirements — many checking APYs require monthly spend minimums.
If yes, a traditional bank with branches (Chase, Bank of America) will usually be more practical. Online-first providers either don't support cash deposits or route them through partner ATM networks that charge fees.
Found supports up to 5 separate businesses under one login, with shared accountant access. Most online-first providers require separate accounts per LLC. Traditional banks (Chase, BofA) handle multi-entity setups well via their commercial banking tooling.
If yes, Found includes contractor W-9 collection, ACH payments, and 1099-NEC e-filing in every plan at no extra charge. Most other providers require a separate contractor payments service (often an add-on cost starting at ~$6/month base, plus per-contractor fees).
Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC. Deposits are FDIC-insured up to $250,000 per depositor through Lead Bank. FDIC insurance only covers the failure of an FDIC-insured depository institution.
Single-member LLCs taxed as sole proprietors file Schedule C. Found is the only provider in this article that includes Schedule C generation, real-time tax estimates, and (with Found Plus⁴ or Found Pro⁴) in-app quarterly tax payments¹⁰. For LLC owners who don't need built-in bookkeeping, Novo and Bluevine are strong no-monthly-fee options.
Multi-member LLCs taxed as partnerships file Form 1065 — none of the providers in this article generate Form 1065 directly, so you'll handle tax filing separately. For banking-side support, Mercury, Relay, Chase, and Bank of America all have strong multi-user/role-based access. If your multi-member LLC has elected S-Corp status (filing Form 1120-S), Found Plus⁴ or Pro⁴ supports 1120-S generation and in-app quarterly tax payments.
Yes — Found generates Form 1120-S across all tiers, which is the form S-Corp-elected LLCs file. Found Plus⁴ ($35/month or $315/year) and Found Pro⁴ ($80/month or $720/year) include in-app quarterly tax payments¹⁰ for Schedule C filers; S-Corp-elected LLCs can use Found for banking, bookkeeping, contractor management, and 1120-S form generation, but should plan to handle quarterly tax payments via their preferred method (Found's in-app quarterly tax payment feature is currently for Schedule C filers). S-Corp election decisions have material implications and should be discussed with a qualified tax professional.
Found does NOT currently generate Form 1065. Multi-member LLCs taxed as partnerships can open Found accounts and use the banking, bookkeeping, and contractor features, but should plan to use a separate tax-prep workflow (or their CPA) for Form 1065 and the K-1s for each partner.
Found does NOT generate Form 1120. C-Corp-elected LLCs can open Found accounts but are responsible for their own tax filing workflow. Mercury and Chase are commonly used by C-Corp-elected LLCs.
Chase Business Complete Banking and Bank of America Business Advantage accept cash deposits at their branches and ATMs. Online-first providers (Found, Novo, Relay, Bluevine, Mercury, Lili, NorthOne, Amex Business Checking) do not accept cash deposits directly. Some partner with retail networks or prepaid card programs for cash loading, which typically carry per-deposit fees.
Several do, subject to eligibility and terms. Bluevine's Standard tier earns 1.30% APY on balances up to $250,000 with eligibility requirements (see Bluevine's Business Checking eligibility terms at bluevine.com/business-checking for current criteria); Plus earns 1.75% APY on balances up to $250,000 and Premier earns 3.00% APY on all Bluevine Business Checking balances (see bluevine.com/business-checking/plans-and-pricing for current terms). Amex Business Checking earns 1.30% APY on account balances up to $500,000 (no APY is earned on balances above $500,000; variable). Mercury Treasury earns up to 3.65% annually (yield as of March 2026; see Mercury for current rates), but Treasury access requires a $250,000 minimum balance across all Mercury accounts‡. Relay offers 1.11%–3.00% APY on savings account balances by tier; Lili offers 2.25%–4.00% APY on Lili Savings Account balances (tiered); NorthOne offers 2.50%–3.00% APY on balances up to $250,000 (eligibility required, tiered above $250K); see each provider for current rates and terms. Found is structured differently: APY applies to your account balance rather than a separate savings account. Found Plus⁴ ($35/month or $315/year) earns 1.50% Annual Percentage Yield (APY) on balances up to $20,000¹⁴ — up to 2.00% APY on balances up to $20,000 (for customers who signed up after November 1, 2025, with $5,000+ monthly qualifying debit card spend; variable)¹⁶ — and Found Pro⁴ ($80/month or $720/year) earns 2.50% APY on all balances¹⁴. APY is variable — confirm current rates with each provider.
We re-verify every claim against each provider's pricing and product pages on the first of every month, and update the article when pricing, APY, or feature availability changes. The 'Last verified' date at the top of the article reflects the most recent review.
¹ Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category. FDIC insurance only covers the failure of an FDIC-insured depository institution.
² The Found Mastercard Business debit card is issued by Lead Bank pursuant to a license by Mastercard International.
³ Found's core features are free. Found also offers two optional paid products, Found Plus for $35/month or $315/year and Found Pro for $80/month or $720/year. Discount rates may apply.
⁴ Optional subscriptions to Found Plus for $35/month or $315/year or Found Pro for $80/month or $720/year. Discount rates may apply. There are no monthly account maintenance fees on the Found free plan, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read Found Fee Schedule.
⁵ Subject to eligibility requirements, applicable terms and conditions, and service fees. See Terms of Service and Lead Account Terms for more details.
¹⁰ Tax payments are available for Found Plus subscribers (for $35/month or $315/year) and Found Pro subscribers (for $80/month or $720/year) who file a Schedule C.
¹² Payments between Found users are free and transfer instantly. Other fees such as transactional fees for wires, instant transfers, and ATM apply — see Found Fee Schedule.
¹⁴ Found Plus subscribers (for $35/month or $315/year) earn 1.50% Annual Percentage Yield (APY) on balances up to $20,000. Found Pro subscribers (for $80/month or $720/year) earn 2.50% APY on all balances, with no cap. APY is variable and subject to change.
¹⁵ Priority customer support is available to Found Plus (for $35/month or $315/year) and Found Pro subscribers (for $80/month or $720/year). A dedicated account manager is available to Found Pro subscribers only.
¹⁶ Customers who have signed up for an account after November 1, 2025 will earn a bonus equal to 2.00% Annual Percentage Yield (APY) on the portion of their account balance up to $20,000 for a given month only if they spend $5,000 in qualifying debit card transactions during the month and satisfy other eligibility requirements as described in the Card Spend Bonus Terms. No bonus will be earned on the portion of account balances over $20,000.
¹⁷ Cash Back Terms and Conditions apply.
¹⁹ The metal card is an exclusive Found Pro benefit and is limited to one card per account. Users become eligible to order a metal card after completing the 30-day free trial and successfully being billed for a subscription of $80/month or $720/year.
APY is variable and subject to change. Eligibility requirements and activity thresholds apply; see each provider's terms for current rates and conditions.
§ Waiver conditions for providers with waivable monthly fees (Chase Business Complete Banking, Bank of America Business Advantage Fundamentals, Bluevine Plus and Premier) are detailed in the paragraph directly below the summary comparison table above.
‡ Mercury Treasury is not a bank account and is not FDIC-insured. Treasury is a cash management product that invests in money market funds; yield varies and principal is not guaranteed. Minimum $250,000 balance across all Mercury accounts required.
All competitor feature and pricing information was collected from each provider's public pricing and product pages as of the 'Last verified' date shown at the top of this article. Competitor features, pricing, and availability may change at any time. Always confirm current details directly with each provider before making a decision. — Competitor banking partner disclaimers (verbatim from each provider's footer as of the date at the top of this article; the † symbol next to each competitor's partner bank in the body above refers to the matching disclaimer in this list): Bluevine — 'Bluevine accounts are FDIC insured up to $3,000,000 per depositor through Coastal Community Bank, Member FDIC and Bluevine's program banks; $3,000,000 in FDIC insurance is offered by multiplying the standard $250,000 FDIC coverage across multiple banks.' Novo — 'Novo Platform Inc. (Novo) is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A., Member FDIC. Deposits are insured for up to $250,000 through our partner bank, Middlesex Federal Savings, Member FDIC.' Relay — 'Relay is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when Thread Bank places them at program banks in its deposit sweep program. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.' Mercury — 'Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. Deposit insurance covers the failure of an insured bank.' Lili — 'Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. All Lili accounts are insured up to $3M through a network of sweep program banks. The standard FDIC deposit insurance limit is $250,000 per depositor, per FDIC insured bank, per ownership category through Sunrise Banks, N.A. and the sweep program banks.' NorthOne — 'North One is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A., Member FDIC. Customer deposits are FDIC-insured to at least $250,000 through The Bancorp Bank, N.A. North One is not FDIC-insured. Deposit insurance coverage only protects against failure of The Bancorp Bank, N.A.' Chase — 'Deposit and credit card products provided by JPMorgan Chase Bank, N.A. Member FDIC.' Bank of America — 'Bank of America, N.A. Member FDIC. Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.' American Express — 'Accounts offered by American Express National Bank, Member FDIC.'
Found does not provide and should not be relied on for tax advice. Found's tax estimates, tax savings bucket, Schedule C generation, Form 1120-S generation, and in-app quarterly tax payment features are informational tools to help you manage tax planning; they are not a substitute for advice from a qualified tax professional. LLC tax structure decisions (sole prop, S-Corp, partnership, C-Corp election) have material tax and legal implications and should be discussed with a qualified tax or legal professional.
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