Found: Business Banking

Found: Business Banking App Review: Simplify Your Financial Workflow

Introduction:

In today's fast-paced business environment, freelancers, contractors, and small businesses need a banking app that understands their unique needs. Found, the business banking app, offers a comprehensive solution with robust business checking, smart bookkeeping and tax tools, all designed to simplify your financial workflow. Not only does it cater to your specific requirements, but it also ensures transparency by eliminating costly hidden fees.

Advantages: A Game-Changer for Freelancers, Contractors, and Small Businesses

1. Streamlined Workflow: Found streamlines your entire workflow by offering a range of essential features in one app. From tracking expenses to saving receipts, the app makes it effortless to stay organized and never miss a crucial transaction. It even enables you to send unlimited free invoices, saving you time and hassle.

2. Smart Tax Tools: Tax season can be daunting, but Found's smart tax tools simplify the process. The app provides an accurate tax estimate, enabling you to save for taxes automatically. Additionally, it helps you identify potential write-offs, maximizing your tax savings. With the ability to auto-fill tax forms such as Schedule C and 1099, Found takes the headache out of tax compliance.

3. Flexible Business Banking: Found offers flexible business banking options tailored to freelancers, contractors, and small businesses. You can get paid up to two days early with direct deposit, ensuring uninterrupted cash flow. The app's pockets feature allows you to organize, budget, and save for different business needs. Moreover, the ability to create multiple virtual cards provides ultimate flexibility for spending and expense management.

Disadvantages: Room for Improvement

1. Limited Banking Services: While Found offers essential banking services, it's important to note that it is a financial technology company and not a bank itself. Some customers may prefer to have their banking services consolidated under one institution, which may not be possible with Found.

2. Relatively New Player: Found is still a relatively new player in the financial technology space. Although it has garnered positive reviews, some users may prefer more established banking apps with a longer track record of stability and reliability.

3. Limited International Support: While Found offers a robust suite of features for freelancers, contractors, and small businesses in the United States, its international support is limited. This may be a drawback for businesses operating globally or those with international clients.

FAQs: Clearing Common Doubts

1. Can I sign up for Found if I have a low credit score or no credit check?

Absolutely! Found eliminates the need for a credit check, making it accessible to individuals with low credit scores or those who haven't established credit yet. Sign up free in minutes, without any credit-related complications.

2. Are there any hidden fees or monthly maintenance charges?

No, Found prides itself on transparency. There are no hidden fees or monthly maintenance charges associated with using the app. You can enjoy the core features without the worry of unexpected costs.

3. How secure is the Found app?

Your security is a top priority for Found. The app ensures the safety of your deposits by being FDIC-insured up to $250,000 through Piermont Bank, Member FDIC. Additionally, you have full control over your card through the app, with the ability to lock it at any time.

Analysis from the Editor's Perspective: A Step in the Right Direction

Found addresses a real need in the market by offering a comprehensive banking app specifically designed for freelancers, contractors, and small businesses. Its integration of essential financial tools, such as expense tracking, bookkeeping, and tax management, sets it apart from traditional banking apps.

While there may be some legitimate concerns about Found's limited banking services and its relatively new status in the industry, it's important to recognize that the app brings a fresh perspective to the table. Its user-friendly interface, coupled with its commitment to transparency and ease of use, make it a viable option for those who value simplicity and efficiency in their financial workflows.

In conclusion, Found provides a compelling solution for freelancers, contractors, and small businesses alike. With its range of features, transparent fee structure, and focus on streamlining workflow, it has the potential to revolutionize the way businesses handle their finances. However, it's essential for customers to evaluate their specific banking needs and preferences before making a final decision.