Found

Found is the ultimate "all-in-one" solution for freelancers and solopreneurs who dread tax season. By combining a business bank account with built-in bookkeeping and a powerful tax engine that automatically sets aside money for the IRS, it effectively replaces the need for separate software like QuickBooks or a CPA for simple businesses. While its free plan is robust, the Found Plus ($19.99/mo) and Found Pro ($80/mo) tiers unlock high-yield interest and advanced tax filing features that power users will find indispensable.

At a Glance

• Account Type: Business Checking (Fintech)
• Monthly Fee: $0 (Free Plan), $19.99 (Found Plus), or $80 (Found Pro)
• Minimum Opening Deposit: $0
• Transaction Fees: $0 for ACH and incoming wires; $15 for outgoing wires (cheaper on Pro).
• APY (Interest): 0% (Free Plan); 1.5% on balances up to $20k (Found Plus); 2.5% on all balances (Found Pro).
• Tax Feature: Auto-save for Taxes (Automatically moves a % of deposits to a tax "Pocket").
• Bookkeeping: Integrated expense categorization, receipt scanning, and Schedule C generation.
• Eligibility: Designed for Sole Proprietors, Freelancers, and Single-Member LLCs.

Overview

Found is less of a "bank" and more of a "financial operating system" for self-employed people. It solves the biggest pain point of freelancing: mixing money and forgetting taxes. It combines checking, bookkeeping, and tax software into one app. If you are a gig worker, consultant, or creator who usually scrambles in April to find receipts, Found was built for you.

Plans & Pricing

1. Found (Free):
   • Cost: $0/mo.
   • Features: Business banking, basic bookkeeping, auto-tax saving, unlimited invoicing.
   • Verdict: Excellent for most side-hustlers.
2. Found Plus ($19.99/mo or $149.99/yr):
   • Cost: ~$20/mo.
   • Features: Adds 1.5% APY (up to $20k), quarterly tax payments directly to the IRS from the app, and priority support.
3. Found Pro ($80/mo or $720/yr):
   • Cost: ~$80/mo.
   • Features: Adds 2.5% APY (uncapped), 1% cash back on debit spend, free wire transfers (domestic), and a dedicated account manager.

Key Features

• Auto-Save for Taxes: You set a profile (e.g., "Sole Prop in California earning $80k"). Found calculates your effective tax rate. When a $1,000 payment hits, Found instantly moves ~$250 to your "Taxes" pocket. You never see the money, so you don't spend it.
• Expense Tracking: Swipe your Found card at a gas station, and it automatically categorizes it as "Auto Expense" for your Schedule C.
• Pockets: Like sub-accounts, these help you budget. You can have pockets for "Equipment," "Travel," or "Profit."

Borrower Experience

• The App: The mobile experience is top-tier. It feels like using a modern budgeting app (like Mint or YNAB) but built directly into your bank.
• Invoicing: Sending an invoice takes seconds. The "Pay Now" button for clients is seamless.

Who It’s Best For

• The "Tax-Anxious" Freelancer: If you lose sleep worrying about your estimated quarterly tax payments, Found's automation provides priceless peace of mind.
• Sole Proprietors: If you file a Schedule C and don't have employees, this app replaces about $50/month worth of separate accounting software.
• Gig Workers: Uber/DoorDash drivers can route payments here and have Found automatically track mileage and gas deductions.

Who Should Skip It

• Cash-Rich Businesses: If you have $100k in cash, you want high yield. Found Free pays 0%. Found Plus pays 1.5% (capped). Bluevine or Grasshopper is better for pure yield.
• Teams: If you need to give 5 employees distinct login access with different permission levels, Found is too simple. Use Mercury or Relay.
• Complex Corps: If you are a C-Corp with shareholders, Found's Schedule C focus won't help you much.

Bottom Line

Found Business Banking is the best banking product for the self-employed economy. It treats banking and taxes as a single problem to be solved. While the interest rates on the free plan are nonexistent, the value of having your bookkeeping done automatically and your taxes saved for you is worth far more than a few percentage points of interest for many freelance