# Found Business Checking — Indie Technologies, Inc. dba Found

**Monthly Fee:** No monthly fee ($0/month)
**Free Transactions:** Unlimited — no per-transaction fee
**Minimum Opening Deposit:** $0
**Entity Types Accepted:** Sole Proprietorship, Partnership, LLC, S-Corp, C-Corp, Nonprofit
**FDIC Insured:** Yes — up to $250,000 per depositor per ownership category (via Lead Bank, FDIC Member)
**Availability:** All 50 U.S. states
**Apply:** https://bancadia.com/go/found/online-business-checking

## Interest-Bearing Options

The base Found Business Checking account earns **no interest** (0% APY). Optional paid subscription tiers unlock yield:

- **Found Plus** ($35/month or $315/year) — earns **1.50% APY** on balances up to $20,000
- **Found Pro** ($80/month or $720/year) — earns **2.50% APY** on all balances, no balance cap

Found Pro also includes: reduced outgoing wire fee ($10/wire vs. $15), free outgoing check payments, 1% cash back on qualifying card purchases, and access to a dedicated account manager.

## Key Features

### Payment Rails
- ACH transfers and direct deposit: free to send and receive. Standard ACH up to 5 business days. Direct deposit accepted via ACH.
- Instant Payments via FedNow: near-real-time payments through the FedNow Service (Federal Reserve). Outgoing fee: greater of 1.75% of payment amount or $0.50. Receiving is free. Irrevocable once submitted.
- Express transfers to external bank accounts: same-day or next-business-day ACH to a linked external account. Fee: 1% of transfer amount ($0.50 min, $25 max).
- Outgoing domestic wire transfers: $15/wire (standard accounts); $10/wire (Found Pro subscribers at $80/month). Wires submitted after 4:00 PM CT processed next business day. International wires not supported.
- Outgoing check payments: $1.00 per check via mobile app (free for Found Pro subscribers). Cancelable within 30 minutes of submission.
- RTP Network (The Clearing House): Not supported. Real-time payments are available via FedNow (see above).

### Platform Integrations
- Built-in invoicing: create, send, and track invoices within Found. Accept payments via Stripe. Card processing fees (charged by Stripe): 2.9% + $0.30 per card payment; $1.50 + 0.8% per ACH transfer; 2.7% + $0.05 + $0.10 per in-person tap.
- Automated bookkeeping and expense tracking: real-time expense categorization and financial insights within the Found platform.
- Tax tools for the self-employed: automatic estimation of quarterly self-employment tax obligations. Facilitates direct IRS payment from the account.
- Contractor management: collect W-9 information from contractors and generate 1099 forms for contractors paid through Found.
- Found Pro dedicated account manager: personalized support for Found Pro subscribers ($80/month or $720/year). Includes 1% cash back on qualifying card purchases.

### Online Banking
- Full-service mobile app (iOS and Android) and web portal: account management, real-time transaction history, payments, card management, per-card spending limits, instant card lock/unlock, real-time transaction notifications.
- Mobile check deposit: photograph front and back using Found app. Funds available within 5 business days. Cutoff: 3:00 PM ET for same-day processing.

### Account Management
- No overdraft or NSF fees: transactions declined when balance insufficient. Accounts with negative balance for 30+ consecutive days may be closed.
- Pockets (virtual sub-accounts): create named sub-accounts within a single Found account. Default Pockets (Primary and Tax) provided automatically. Each Pocket has a unique ACH routing number and can have a virtual card assigned.
- Optional interest-bearing tiers: Found Plus ($35/mo) → 1.50% APY up to $20,000; Found Pro ($80/mo) → 2.50% APY on all balances, no cap.

### Cards & ATM
- Found Mastercard Business Debit Card: up to 10 physical cards per account. Chip, PIN, contactless, and digital wallet supported. Issued by Lead Bank pursuant to Mastercard license.
- Virtual debit cards: up to 20 virtual cards per account. Assignable to Pockets and team members. Card-not-present transactions wherever Mastercard is accepted.
- ATM access: Found does not charge ATM fees. ATM operator surcharges may apply. Daily ATM cash withdrawal limit: $550. Works at Mastercard, Interlink, Maestro, and Cirrus ATMs.
- Digital wallets: Apple Pay, Google Pay, Samsung Pay, and others supported at no additional charge.

### Fraud Protection
- Two-factor authentication (2FA), data encryption, secure infrastructure, and fraud monitoring.
- Real-time card controls: lock/unlock any physical or virtual card instantly. Per-card spending limits configurable in the mobile app. Real-time push notifications for all transactions.

## Fee Schedule

| Fee Type | Amount | Notes |
|----------|--------|-------|
| Monthly Maintenance | Free | No monthly fee on base account |
| Overdraft | Free | Transactions declined when balance insufficient; no overdraft fee charged |
| Non-Sufficient Funds (NSF) | Free | No NSF fee; transactions declined at point of transaction |
| ATM Withdrawal | Free | Found charges no ATM fee; ATM operator surcharges may apply; $550/day cash limit |
| Domestic Wire (Outgoing) — Standard | $15.00 | Per wire; refunded if canceled or rejected; nonrefundable if returned |
| Domestic Wire (Outgoing) — Found Pro | $10.00 | For Found Pro subscribers ($80/month or $720/year) |
| Domestic Wire (Incoming) | Free | No incoming wire fee |
| International Wire (Outgoing) | Not supported | Found does not support international wires |
| International Wire (Incoming) | Not supported | Found does not support international wires |
| Cash Deposit | $2.00 flat | Per deposit via retail partner locations; not a per-$100 rate |
| Dormant Account | $10.00 | After 12 consecutive months of no account activity |
| Stop Payment | Free | No stop payment fee; outgoing checks cancelable within 30 minutes via app |
| Card Replacement | Free | No card replacement fee |
| Foreign Transaction | See notes | Found charges no foreign transaction fee; Mastercard cross-border conversion fee may apply; exact rate not disclosed by Found |
| Outgoing Check Payment | $1.00 | Per check submitted via mobile app; free for Found Pro subscribers |
| FedNow Instant Payment (Outgoing) | Greater of 1.75% or $0.50 | Per outgoing Instant Payment; receiving is free; irrevocable once submitted |
| Express ACH Transfer | 1% ($0.50 min, $25 max) | Same-day/next-day ACH to linked external account |

## Active Promotions

No active promotions at this time.

## Eligibility

- Sole Proprietorship
- Partnership
- LLC
- S-Corp
- C-Corp
- Nonprofit
- U.S.-based business required
- No minimum time in business requirement
- No minimum annual revenue requirement

## Who Is This Account Best For?

### Freelancers and Self-Employed Professionals
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 manage their own bookkeeping.

### Early-Stage Startups Managing Contractors
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.

### Small Business Owners Who Want Yield on Operating Cash
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 a Found Pro account earns approximately $1,250/year in interest — well above the $960/year subscription cost — making the upgrade economically attractive once the balance threshold is met.

## Bancadia Verdict

Found Business Checking is an excellent choice for sole proprietors, freelancers, and early-stage businesses that want a zero-fee account with integrated invoicing, bookkeeping, and tax tools in a single platform. The base account's $0 fee, unlimited transactions, and $0 minimum deposit set an accessible floor, while the optional Found Plus and Found Pro tiers unlock meaningful yield (1.50%–2.50% APY) and reduced wire fees for businesses with larger balances or higher transaction volumes. The account is less suitable for businesses that require QuickBooks integration, Positive Pay, ACH Debit Block, or international wire transfers, as none of these are currently supported. The FedNow fee structure (1.75% or $0.50 minimum) also makes Found less optimal for businesses sending frequent large-value real-time payments, where the per-wire cost at $10–$15 is more economical.

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*Data sourced directly from Found (Indie Technologies, Inc. dba Found) and verified against found.com/online-business-banking. Last verified: July 5, 2026.*
*Bancadia earns a commission if you open an account through our links. This does not affect our editorial assessment.*