Found vs. Chase Business Banking: All-in-One Platform vs. Traditional Bank

TL;DR: Found vs Chase

Found is the better choice if you're a small business, growing business, LLC, S-corp, or sole proprietor that wants banking, bookkeeping, and tax tools in one place — with no monthly account maintenance fees on any plan^⁴ and no required minimum balance. Found combines a business checking account, automated bookkeeping, real-time tax estimates, Schedule C and Form 1120-S generation, unlimited invoicing, and free contractor 1099-NEC e-filing into a single platform. With Found Pro^⁴, established businesses earn 2.50% Annual Percentage Yield (APY) on all balances with no cap (variable)^¹⁴, plus a dedicated account manager and a metal Mastercard business debit card^¹⁹. Chase is the better choice if you regularly handle cash, want access to a nationwide branch and ATM network, or need business credit products like a credit card, line of credit, or term loan alongside your checking account.

Here's the key difference: Chase is a traditional, full-service bank with one of the largest branch and ATM networks in the country and access to business lending and merchant services. Found is a business banking platform with bookkeeping and tax tools built in — your transactions are automatically tracked, categorized, and ready for tax time, with contractor payments and 1099 filing included at no extra cost. Both offer a business checking account with no required minimum balance, but Chase's accounts carry a monthly service fee unless you meet balance or activity thresholds each period, while Found has no monthly account maintenance fees^⁴ on any plan.

Found vs Chase: Feature comparison

Data compiled June 2026. Features, pricing, and availability may vary. Always confirm current details directly with each provider.

^¹Found 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.

^²The Found Mastercard Business debit card is issued by Lead Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.

^⁴Optional 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, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read Found Fee Schedule.

^⁵Subject to eligibility requirements, applicable terms and conditions, and service fees. See Terms of Service and Lead Account Terms for more details.

^⁶Direct deposit funds may be available for use for up to two days before the scheduled payment date. Early availability is not guaranteed.

^¹⁰Tax 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.

^¹²Payments 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. Read Found Fee Schedule.

^¹⁴Found 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.

^¹⁵Priority 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.

^¹⁶Customers 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.

^¹⁹The 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.

§Chase Business Complete Banking ($15/month) is waivable each statement period by maintaining a $2,000 minimum daily ending balance, OR $2,000 or more in eligible Chase Payment Solutions deposits (such as Chase QuickAccept), OR $2,000 or more in eligible purchases on a Chase Ink Business / Chase for Business credit card, OR maintaining a linked Chase Private Client Checking account. Chase Performance Business Checking ($40/month) is waivable with a $35,000 combined average beginning-day balance across qualifying linked Chase accounts. Chase Platinum Business Checking ($103/month) is waivable with a $100,000 combined average beginning-day balance across qualifying linked Chase accounts. Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. See Chase for current terms.

How Found and Chase compare on cost

Both Found and Chase offer a business checking account with no required minimum balance to open — but the cost structures are different. Chase's accounts carry a monthly service fee unless you meet balance or activity thresholds each statement period; Found has no monthly account maintenance fees^⁴ on any plan — there's no fee to waive and no balance to maintain to avoid one. Chase has no free business checking tier — its entry account is Business Complete at $15/month (waivable§) — so the comparison below weighs the total cost of assembling equivalent banking, bookkeeping, tax, and contractor capabilities, not a free-versus-free match.

Chase Business Complete Banking has a $15 monthly service fee, waivable by keeping a $2,000 minimum daily balance, accepting $2,000 or more in eligible Chase payment-solutions deposits, making $2,000 or more in purchases on a Chase business credit card, or linking a qualifying Chase Private Client account§. If you don't meet a waiver, that's $180 a year — and Chase doesn't include bookkeeping, tax tools, invoicing, or contractor management, so you'd pay separately for software like QuickBooks or Xero and a contractor-payments service. Performance ($40/month, waived at a $35,000 combined balance§) and Platinum ($103/month, waived at $100,000§) raise transaction and cash-deposit allowances and add relationship benefits for larger operations, but the higher tiers don't add bookkeeping or tax tools either.

Found's $0/month plan includes the business checking account, a Mastercard business debit card^², automated bookkeeping, real-time tax estimates, Schedule C and Form 1120-S generation, automatic tax savings, unlimited invoicing (including recurring invoices), and contractor payments with free 1099-NEC e-filing — no add-ons. Found Plus at $35/month adds 1.50% APY (variable) on balances up to $20,000 (up to 2.00% APY on balances up to $20,000 for new customers who spend $5,000+ in monthly qualifying debit card transactions^¹⁶), in-app quarterly tax payments^¹⁰, and priority support^¹⁵. Found Pro at $80/month adds 2.50% APY on all balances with no cap (variable)^¹⁴, a metal Mastercard business debit card^¹⁹, and a dedicated account manager.

Cost comparison for a small business owner who wants banking, bookkeeping, and contractor tools:

^¹Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC.

^⁴Optional 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, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read Found Fee Schedule.

^²The Found Mastercard Business debit card is issued by Lead Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.

^¹⁰Tax 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.

^¹⁴Found 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.

^¹⁵Priority 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.

^¹⁶Customers 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.

^¹⁹The 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.

§See the Chase fee-waiver terms above. Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC.

For a small or service-based business that wants banking plus bookkeeping, tax tools, and contractor payments in one place, Found bundles them at no monthly account maintenance cost^⁴. For a business that values a physical branch network, frequent cash handling, payment acceptance, and access to business credit, Chase's full-service model is built for that.

Where Found wins

Banking and bookkeeping in one place

Found's business checking account is the foundation of the platform. When you spend with your Found debit card or receive a deposit, that transaction is automatically logged, categorized, and reflected in your bookkeeping — in real time. There's no separate accounting software to connect, no bank-feed sync to break, and no manual reconciliation. With Found, your banking data and your bookkeeping data are the same data.

Chase focuses on core banking; it doesn't include built-in bookkeeping, so you'd connect and pay for separate accounting software like QuickBooks or Xero. If you want your books handled inside your banking platform without paying for separate software, Found is the more integrated choice. Found also offers Pockets — sub-accounts with their own virtual account numbers that help you set aside money for taxes, operating expenses, or specific projects, with the option to automate a percentage of your deposits into tax savings.

Tax estimates and forms without add-ons or extra fees

Found provides real-time tax estimates that update automatically as you earn income and log expenses. For Schedule C filers — sole proprietors and single-member LLCs taxed as sole proprietorships — Found auto-generates your Schedule C from your categorized transactions. Found also supports S-corp filing by generating Form 1120-S for LLCs and corporations taxed as S-corps. With Found Plus^⁴, eligible filers can make quarterly federal tax payments directly from the app^¹⁰. Chase doesn't offer built-in tax estimates, automatic tax savings, or tax form generation — you'd use separate tax software or work with an accountant.

Contractor payments and 1099 filing at no extra cost

Found includes end-to-end contractor management in every plan. You can onboard contractors, collect and store W-9 forms, pay them through multiple methods (including free instant Found-to-Found payments^¹²), and at tax time Found automatically generates and e-files 1099-NEC forms for contractors you've paid $2,000 or more. Chase doesn't offer contractor management — you'd collect W-9s and file 1099s through a separate service or your accountant.

No monthly account maintenance fees and no required minimum balance

Found has no monthly account maintenance fees^⁴ on any plan and no required minimum balance, so your costs stay predictable. With Chase, avoiding the monthly service fee means meeting a threshold every statement period — a $2,000 minimum daily balance, $2,000 in eligible card spend, $2,000 in eligible payment-solutions deposits, or a linked Chase Private Client account on Business Complete§, and higher balance thresholds on Performance and Platinum. If you don't meet one in a slow month, the fee applies. Found removes that variable entirely.

Built for one person or a growing team

Solo owners get a platform that automates expense categorization, captures receipts, tracks mileage, sends invoices, and stays organized for tax time — all without accounting knowledge, with a mobile app rated 4.8 stars on the App Store. As your business grows, Found grows with you: multi-member LLCs and corporations can add co-owners during setup, share virtual debit cards with team members for automatically tracked spending, and grant accountant access so a CPA or bookkeeper can review activity and download auto-generated tax forms. If you run more than one business, Found lets you manage up to five separate entities under a single login, each with its own account number and reporting — and transfers between them are free and instant^¹². With Chase, each business typically needs its own separate account.

Found Pro^⁴: premium tools for established businesses

For business owners who want more from their banking relationship, Found Pro^⁴ subscribers earn 2.50% APY on all balances with no cap (variable)^¹⁴ — putting idle operating cash to work — plus a metal Mastercard business debit card^¹⁹, a dedicated account manager, and all the features of Found Plus^⁴ including in-app quarterly tax payments^¹⁰ and priority support^¹⁵.

Where Chase wins

Physical branches, ATM access, and cash handling

Chase operates one of the largest branch and ATM networks in the country, with thousands of branches and roughly 15,000 ATMs nationwide. If you regularly deposit cash or checks, prefer in-person support for complex transactions, or want fee-free withdrawals at a bank's own ATMs, that physical footprint is a real advantage. Chase's business checking accounts also include cash-deposit allowances — Business Complete processes the first $5,000 in cash per statement cycle at no charge before a per-$1,000 fee applies, and the higher tiers include larger allowances.

Found is digital-first and has no physical branches. Found doesn't charge ATM fees on its end, though the ATM operator might, and cash deposits are made at 79,000+ retail locations for a fee^⁵. For cash-heavy businesses, Chase's branch access is more practical.

Business credit, lending, and SBA loans

Chase offers business credit cards (Chase Ink), business lines of credit, term loans, and SBA lending that can be linked to your business checking account (subject to eligibility and approval). If you want working capital and your banking relationship under one roof — with unified statements and streamlined applications — that's something Found doesn't offer. Found does not provide loans or lines of credit; you'd obtain business credit from a separate provider.

Merchant services and payment acceptance

Chase offers merchant services and in-person and online payment acceptance through Chase QuickAccept and Chase Payment Solutions, letting you take card payments and route them into your Chase account. Found supports getting paid through unlimited invoicing (ACH and card), but if you need a full point-of-sale and card-acquiring setup tied to your bank, Chase's merchant-services suite is built for that.

Overdraft options

Chase offers optional overdraft coverage by linking eligible accounts. Found doesn't offer overdraft protection, so if that's a feature you rely on, Chase has it.

Full-service banking and relationship benefits for larger operations

For businesses that have outgrown a simple checking account, Chase's Performance and Platinum tiers add higher transaction and cash-deposit allowances, fee waivers across linked products, and relationship benefits for larger operations. If you run a larger operation with complex cash-management needs, that depth is something a digital-first platform isn't built to match.

Which should you choose?

Choose Found if you:

• Want a business checking account with bookkeeping and tax tools built in — at no monthly account maintenance cost^⁴

• Are a small business, LLC, S-corp, or sole proprietor who wants an all-in-one platform

• Work with contractors and want 1099 payments and e-filing included at no extra charge

• Want expenses tracked and categorized automatically as you spend

• File a Schedule C or Form 1120-S and want real-time tax estimates and auto-generated tax forms

• Prefer predictable costs with no monthly account maintenance fees^⁴ and no required minimum balance

• Manage multiple businesses and want them under one login with separate accounts and reporting

Choose Found Pro^⁴ if you:

• Want premium APY (2.50% on all balances, uncapped, variable)^¹⁴ on your operating cash

• Need a dedicated account manager for personalized support

• Want a metal Mastercard business debit card^¹⁹ and all the benefits of Found Plus^⁴

Choose Chase if you:

• Regularly deposit cash or checks and want access to a nationwide branch network

• Want fee-free withdrawals at a large bank-operated ATM network

• Need business credit products like a line of credit, business credit card, term loan, or SBA loan alongside your checking account

• Want merchant services and in-person or online payment acceptance tied to your bank account

• Want overdraft coverage by linking eligible accounts

• Run a larger operation with relationship-banking needs

Bottom line: For small and growing businesses — LLCs, S-corps, sole proprietors, and service-based businesses — that want banking, bookkeeping, contractor payments, and tax tools in one place, Found bundles them all in one platform with no monthly account maintenance fees on any plan^⁴. Chase is the better fit if you frequently handle cash, value a physical branch network, accept card payments, or need business credit alongside your checking account.

Switching from Chase to Found

If you're currently banking with Chase and considering Found, here's what the transition looks like:

• Open your Found account. Sign up in as little as 5 minutes. You'll get a business checking account, debit card, and access to bookkeeping and tax tools immediately. Multi-member LLCs and corporations can add co-owners during setup.

• Move your banking. Redirect deposits and update payment methods to your Found account. Found supports ACH transfers, wire transfers, mobile check deposit, and direct deposit.

• Set up your bookkeeping. Found automatically categorizes transactions going forward. You can recategorize transactions and adjust any auto-categorizations.

• Share access with your team. Set up virtual cards for co-owners or team members, and grant accountant access to your CPA or bookkeeper.

• Invite your contractors. If you pay 1099 contractors, onboard them in Found to collect W-9s and pay them directly from the platform.

You don't need to migrate historical data to get value from Found. The platform starts working the moment your first transaction hits. If your business relies on regular cash deposits, payment acceptance, or a business line of credit, consider whether you'll keep a Chase account for those needs.

Frequently asked questions

Is Found or Chase cheaper for small businesses?

Found has no monthly account maintenance fees^⁴ on any plan and no required minimum balance. Chase's business checking accounts carry a monthly service fee — $15/month on Business Complete, $40/month on Performance, $103/month on Platinum — that's waivable only if you meet balance or activity thresholds each statement period§. Beyond the account fee, Chase doesn't include bookkeeping, tax tools, invoicing, or contractor payments, so you'd pay separately for that software. For most small and growing businesses, Found includes more tools at no monthly account maintenance cost^⁴.

Does Chase have built-in bookkeeping like Found?

No. Chase business checking accounts don't include bookkeeping features. You'd purchase separate accounting software like QuickBooks or Xero to track expenses and categorize transactions. Found includes automatic expense categorization, receipt capture, mileage tracking, and financial reporting in every plan — so there's no separate bookkeeping subscription to manage.

What tax tools does Found include?

Found includes real-time tax estimates that update as you earn and spend, an automatic tax-savings feature, and auto-generation of your Schedule C or Form 1120-S from your categorized transactions and business structure. With Found Plus^⁴, eligible filers can make quarterly federal tax payments directly from the app^¹⁰. These are informational tools to support your own planning — Found does not prepare or file tax returns and does not provide tax or legal advice; consult a qualified tax or legal professional about your specific situation. Chase does not include built-in tax tools.

Does Found offer business credit or a line of credit like Chase?

No. Found does not offer loans or lines of credit. If access to a business line of credit, business credit card, term loan, or SBA loan integrated with your checking account is important, Chase offers those products (subject to eligibility and approval). Found focuses on combining banking with bookkeeping, invoicing, contractor payments, and tax tools.

Can I deposit cash with Found like at a Chase branch?

Found is digital-first and has no physical branches. You can deposit cash at 79,000+ retail locations for a fee^⁵, but if your business handles cash frequently, Chase's branch network and cash-deposit allowances (the first $5,000 per statement cycle free on Business Complete, with larger allowances on the higher tiers) are built for that.

Is Found a real bank?

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.

Can I switch from Chase to Found?

Yes. You can sign up for a Found account in as little as 5 minutes and start using it immediately. Found doesn't require you to migrate historical data — it begins tracking and categorizing transactions as soon as your first deposit or purchase is made. If you rely on regular cash deposits, payment acceptance, or a business line of credit, you may want to keep a Chase account for those needs.

Disclaimer: The information on this website is not intended to provide, and should not be relied on for, tax or legal advice. Users are advised to consult with professionals for specific advice.

Data compiled June 2026 and subject to change. Features, pricing, and availability may vary. Always confirm current details with providers directly.