Found Business Checking is a no-monthly-fee, FDIC-insured business checking account from Found (Indie Technologies, Inc. dba Found), a fintech backed by Lead Bank. The base account charges $0/month with no minimum opening deposit and no transaction limit — ACH transfers, debit card purchases, and bill payments are all unlimited and free. The account accepts sole proprietorships, partnerships, LLCs, S-Corps, C-Corps, and nonprofits with no minimum time in business or revenue requirement. Found supports FedNow Instant Payments (outgoing fee: greater of 1.75% or $0.50; receiving is free) and domestic wire transfers ($15/wire for standard accounts; $10/wire for Found Pro subscribers at $80/month). The base account does not earn interest; however, optional paid tiers unlock yield — Found Plus ($35/mo) delivers 1.50% APY on balances up to $20,000, and Found Pro ($80/mo) delivers 2.50% APY on all balances with no cap, plus reduced wire fees, free outgoing checks, and 1% cash back on qualifying purchases. Deposits are FDIC insured up to $250,000 per depositor through Lead Bank (FDIC Member). Available in all 50 U.S. states. Best for sole proprietors, freelancers, and early-stage businesses that want integrated banking, invoicing, and bookkeeping in a single platform.
Last verified: July 24, 2026 · Source
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Indie Technologies, Inc. dba Found · FDIC Member · FintechVerified
| Monthly Fee | No monthly fee |
| Free Transactions | Unlimited — no per-transaction fee |
| Opening Deposit | $0 |
| Interest Bearing | No — base account balances earn 0% APY. Optional paid tiers: Found Plus ($35/mo) → 1.50% APY up to $20,000 · Found Pro ($80/mo) → 2.50% APY, no balance cap |
| Entity Types | Sole Proprietorship, Partnership, LLC, S-Corp, C-Corp, Nonprofit |
| FedNow Instant Payments | Yes — outgoing fee: greater of 1.75% or $0.50 per payment; receiving is free |
| RTP (Real-Time Payments) | No |
| ACH Transfers | Free (standard, up to 5 business days) · Express same-day/next-day: 1% of transfer amount ($0.50 min, $25 max) |
| Wire (Outgoing Domestic) | $15/wire (standard) · $10/wire (Found Pro at $80/mo) |
| Wire (Incoming Domestic) | Free |
| Cash Deposit | Yes — $2.00 flat fee per deposit via retail partner locations |
| Remote Deposit | Yes — mobile check deposit via app |
| Physical Debit Card | Yes — up to 10 Mastercard cards |
| Virtual Cards | Yes — up to 20 virtual Mastercard cards |
| Sub-Accounts (Pockets) | Yes — named virtual sub-accounts with individual ACH routing numbers and assignable virtual cards |
| Overdraft Protection | No — insufficient transactions are declined |
| Overdraft Line of Credit | No |
| Positive Pay | No |
| ACH Debit Block | No |
| Deposit Insurance | FDIC — up to $250,000 per depositor per ownership category (via Lead Bank) |
| Availability | All 50 U.S. states |
| Last Verified | July 24, 2026 |
| Fee Type | Amount | Notes |
|---|---|---|
| Monthly Maintenance | Free | No monthly account maintenance fee. There are no fees for opening or using a Found account. |
| Overdraft | Free | No overdraft fee. Found does not charge overdraft fees. When the account balance is insufficient to cover a transaction, Found declines the transaction rather than processing it and charging a fee. |
| Non-Sufficient Funds (NSF) | Free | No non-sufficient funds (NSF) fee. Found does not charge NSF fees. Transactions that cannot be covered by the available account balance are declined at the point of transaction. |
| Foreign ATM | Free | Found does not charge fees for ATM withdrawals. ATM operator and network surcharges may be imposed by the ATM owner and are not controlled or reimbursed by Found. Daily ATM cash withdrawal limit: $550. |
| Domestic Wire (Outgoing)(Standard) | $15.00 | $15 per outgoing wire for standard accounts |
| Domestic Wire (Outgoing)(Found Pro) | $10.00 | $10 per outgoing wire for Found Pro subscribers ($80/month or $720/year) |
| Domestic Wire (Incoming) | Free | No incoming wire fee. Found does not publish an incoming wire fee; only outgoing wire fees are disclosed in the fee schedule. |
| International Wire (Outgoing) | See notes | Found does not support international wires. |
| International Wire (Incoming) | See notes | Found does not support international wires. |
| Cash Deposit | $2.00 | $2.00 flat fee per cash deposit (not a per-$100 rate) |
| Dormant Account | $10.00 | A dormancy fee of $10.00 is charged when the account has had no deposits, withdrawals, or communications from the account holder for 12 consecutive months. Found provides notice before charging the fee as required by applicable law. |
| Stop Payment | Free | No stop payment fee. Found does not publish a stop payment fee. Outgoing check payments can be canceled within 30 minutes of submission at no charge via the mobile app. |
| Card Replacement (Rush) | Free | No card replacement fee. Found does not publish a card replacement fee. Replacement cards can be requested via the mobile app or by emailing [email protected]. |
| Foreign Transaction | Cross-border conversion fee charged by Mastercard card network; exact rate not disclosed by Found | Cross-border conversion fee charged by Mastercard card network; exact rate not disclosed by Found |
| Other | $1.00 | Outgoing check payment fee: $1.00 per outgoing check submitted via the Found mobile app. The $1.00 fee is refunded if the check is canceled within 30 minutes of submission. Found Pro subscribers ($80/month or $720/year) send checks at no charge.Waivable: Free for Found Pro subscribers ($80/month or $720/year) |
| Other | Greater of 1.75% of outgoing payment amount or $0.50 per Instant Payment; receiving is free | Greater of 1.75% of outgoing payment amount or $0.50 per Instant Payment; receiving is free |
| Other | 1% of transfer amount (minimum $0.50, maximum $25.00 per transfer) | 1% of transfer amount (minimum $0.50, maximum $25.00 per transfer) |
A self-employed consultant, designer, or 1099 contractor operating as a sole proprietorship or single-member LLC who needs zero-fee banking with built-in invoicing and quarterly tax estimation. Found's unlimited transactions, $0 monthly fee, Stripe-powered invoicing, and automated self-employment tax tracking eliminate the need for a separate accounting app. The Tax Pocket automatically earmarks estimated quarterly tax obligations, solving one of the most common pain points for independent workers who handle their own bookkeeping.
An early-stage founder running a lean operation with a distributed team of independent contractors who needs streamlined W-9 collection, 1099 generation, and multi-card expense control without added monthly cost. Found's contractor management tools, up to 20 virtual debit cards with per-card spending limits, and named Pockets for expense segregation reduce operational overhead for pre-revenue or early-revenue teams. Founders who anticipate growing wire volume can upgrade to Found Pro ($80/mo) to reduce the outgoing wire fee to $10 and send checks for free.
A small business owner maintaining a consistent cash balance who wants checking convenience alongside savings-like returns without opening a second account. Found's optional paid tiers deliver meaningful yield: Found Plus ($35/month or $315/year) unlocks 1.50% APY on balances up to $20,000, and Found Pro ($80/month or $720/year) unlocks 2.50% APY on all balances with no cap. A business maintaining $50,000 in its Found Pro account earns $1,250/year in interest — well above the $960/year subscription cost — making the upgrade economically attractive once the balance threshold is met.
Found Business Checking supports ACH transfers (free, standard up to 5 business days) and FedNow Instant Payments — incoming Instant Payments are free, while outgoing Instant Payments cost the greater of 1.75% of the payment amount or $0.50 per transaction. This fee structure makes FedNow cost-effective for smaller payments but relatively expensive for large transfers; a $10,000 outgoing Instant Payment costs $175 versus a $15 wire. The RTP (Real-Time Payments) network is not supported. Domestic wire transfers cost $15/wire for standard accounts; Found Pro subscribers pay $10/wire — a meaningful discount for businesses sending wires regularly. International wires are not supported. For expedited ACH to linked external accounts, Found charges 1% (minimum $0.50, maximum $25 per transfer), which is cost-effective for transfers under $2,500.
The base account's fee schedule is lean: no monthly fee, no overdraft fee, no NSF fee, no ATM fee, no stop payment fee, and no card replacement fee. Cash deposits via retail partners cost a flat $2.00 per deposit. Outgoing check payments cost $1.00 per check. A dormancy fee of $10 applies after 12 consecutive months of inactivity. The Found Pro subscription ($80/month or $720/year) waives the per-check fee, reduces the outgoing wire fee from $15 to $10, adds 1% cash back on qualifying card purchases, and unlocks a dedicated account manager and 2.50% APY. Businesses sending more than 8 wires per month break even on the $80 Pro subscription from wire savings alone.
The base Found Business Checking account earns no interest. Found's optional paid tiers convert the checking account into an interest-bearing account: Found Plus ($35/month or $315/year) earns 1.50% APY on balances up to $20,000 — the $315/year subscription breaks even at a balance of approximately $21,000, meaning businesses maintaining higher balances benefit more. Found Pro ($80/month or $720/year) earns 2.50% APY on all balances with no cap — the $960/year subscription cost breaks even at approximately $38,400 in average balance. These tiers make Found a practical choice for businesses that want interest-bearing checking without maintaining a separate savings account or managing fund sweeps.
Found's platform integrations are a core differentiator for sole proprietors and freelancers. Built-in invoicing uses Stripe for payment processing — card processing fees (2.9% + $0.30 per transaction) are charged by Stripe separately and are not controlled by Found. Automated bookkeeping provides real-time expense categorization and financial dashboards without leaving the Found app. The self-employment tax tool estimates quarterly tax obligations and can initiate direct IRS payments from the account. Contractor management handles W-9 collection and 1099 form generation for businesses paying independent contractors through Found. The platform does not advertise native QuickBooks or accounting software integration — businesses requiring those connections should evaluate this gap.
Found includes two-factor authentication (2FA), data encryption, and real-time fraud monitoring. Individual physical and virtual cards can be locked or unlocked instantly through the mobile app, and per-card spending limits can be assigned to each card issued to team members. Found does not support Positive Pay, ACH Debit Block, or overdraft protection — businesses with elevated fraud risk profiles or those processing high volumes of ACH debits that require block controls should factor this into their banking evaluation. When a transaction cannot be covered by the available balance, Found declines it rather than processing it and charging a fee.
Found Business Checking deposits are FDIC insured up to $250,000 per depositor per ownership category under the Federal Deposit Insurance Act, through Lead Bank (FDIC Member). Found operates as a fintech (not a bank); all FDIC protection is provided through the Lead Bank banking relationship. No extended FDIC coverage through a partner bank network is available.
Is Found Business Checking FDIC insured?
Yes. Found Business Checking deposits are FDIC insured up to $250,000 per depositor per ownership category through Lead Bank, an FDIC Member institution. The Federal Deposit Insurance Corporation (FDIC) provides this protection under the Federal Deposit Insurance Act. Found itself operates as a fintech (not a bank); deposit insurance is provided through its banking partner, Lead Bank.
What is the monthly fee for Found Business Checking?
The base Found Business Checking account has no monthly fee — $0/month with no minimum opening deposit required. Found offers two optional paid subscription tiers that unlock additional features and yield: Found Plus at $35/month (or $315/year) and Found Pro at $80/month (or $720/year).
Does Found Business Checking support FedNow?
Yes. Found Business Checking supports FedNow Instant Payments through the FedNow Service operated by the Federal Reserve. Receiving Instant Payments via FedNow is free. Sending outgoing Instant Payments via FedNow costs the greater of 1.75% of the payment amount or $0.50 per transaction. Instant Payments are irrevocable once submitted. The RTP network is not supported.
What entity types can open Found Business Checking?
Found Business Checking accepts sole proprietorships, partnerships, LLCs, S-Corps, C-Corps, and nonprofits. The business must be U.S.-based. There is no minimum time in business requirement and no minimum annual revenue requirement.
Does Found Business Checking earn interest on balances?
The base Found Business Checking account does not earn interest — balances earn 0% APY and do not generate any yield. However, Found offers optional paid tiers that unlock interest: Found Plus ($35/month or $315/year) earns 1.50% APY on account balances up to $20,000, and Found Pro ($80/month or $720/year) earns 2.50% APY on all balances with no balance cap. Businesses that want yield on idle cash without a paid subscription should consider a separate business savings or money market account.
How many free transactions does Found Business Checking include?
Found Business Checking does not impose a transaction limit. ACH transfers, direct deposits, debit card purchases, and bill payments are all unlimited with no per-transaction fee on the base account.
What is the outgoing wire transfer fee for Found Business Checking?
Standard accounts pay $15 per outgoing domestic wire transfer. Found Pro subscribers ($80/month or $720/year) pay a reduced rate of $10 per outgoing domestic wire. Incoming wire transfers are free. International wires are not supported.
Does Found Business Checking integrate with QuickBooks?
Found Business Checking does not advertise native QuickBooks integration. Instead, Found provides its own built-in bookkeeping and expense tracking tools — real-time expense categorization, automated financial insights, and quarterly tax estimation — within the Found platform. Found also supports contractor management (W-9 collection, 1099 generation) and Stripe-powered invoicing natively. Businesses that specifically require QuickBooks syncing should evaluate this gap before opening an account.
Open a Found Business Checking account — no monthly fee, no minimum deposit.
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