Found vs Bank of America

Found is a free business banking app with good tax tools, but lacks some basic features. How does it compare to Bank of America? Read our comparison chart below.

Found is a business banking account for the self-employed. It keeps track of write-offs, auto saves for taxes, and even makes your quarterly tax payments for you. Plus, you get free unlimited invoices. There's no monthly fee.

While Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

Compare Found with Bank of America, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Found	Bank of America
		Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER Free Business Banking for the Self-Employed - Learn More Read Found Review	OFFER Bank of America Advantage Banking - $300 Bonus Offer Read Bank of America Review
	Benefits and Features
Savings	Only includes a Tax Savings Account with auto-save feature	Bank of America Advantage Savings Standard Rate: 0.01% APY
CD		7-Month CD - 3.80% APY 10-Month CD - 3.45% APY 13-Month CD - 2.75% APY 25-Month CD - 2.00% APY 37-Month CD - 0.11% APY 1-Month CD - 0.03% APY 120-Month CD - 0.03% APY
Checking	No monthly fees; no minimum balane fees; no overdraft fees
Monthly Fee	$0
APY	N/A
Minimum Deposit to Open	$0
ACH Transfer Fee	$0
ATMs	Any ATM that accepts Mastercard; No ATM fees from Found, but owner may charge a fee	Approximately 16,000+ ATMs
Balance Requirement	$0
Cash Deposit Fee	$2
Customer Service	Monday – Friday 9am – 5pm PST	Mon-Fri: 8am - 9pm (ET) Sat: 8am - 8pm (ET) Sun: 8am - 5pm (ET)
Incoming Wire Transfer Fee	N/A
IRA CD
Locations	Online only	3,922 financial centers
Out of Network ATM Fee	Standard ATM fees charged by the owner
Outgoing Wire Transfer Fee	N/A
Overdraft Fee	$0
	CreditDonkey® Reviews

Savings
Minimum Deposit
Checking
Mobile App
Customer Service
CD
Pros & Cons	Pros: No monthly fees Built-in tax tools Unlimited invoicing Cons: No free ATMs No APY with the free version Fee to deposit cash	Pros: Large branch network Extended service hours Full service banking Cons: Monthly fees Low interest rates Many misc. banking fees
Bottom Line	Free business banking app with good tax tools, but lacks some basic features... Read full review	National bank with widespread accessibility and wide range of services... Read full review
	Visit Site	Learn More
	Free Business Banking for the Self-Employed Found Plus Business Banking
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Bank of America: Pricing information from published website as of 12/26/2024 based on 91107 zip code.

Free Business Banking for the Self-Employed

Banking, taxes, bookkeeping – all in one place
Automatically find tax write-offs and save for taxes
Track and categorize expenses with custom rules
Free unlimited custom invoices
Easy sign up; no credit check

Found is a financial technology company, not a bank. Business banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category. The Found Mastercard Business debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.

Get Deal

Free Business Banking for the Self-Employed

$0 monthly service fees or minimums
Automatically find tax write-offs and track expenses
Auto-save for taxes
Photo receipt capture
Free unlimited custom invoices
Easy sign up; no credit check

Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard® Debit Card is issued by Piermont Bank, Member FDIC.

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Found Plus Business Banking

$19.99/month or $149.99/year
Earn 1.5% APY on balances up to $20,000
Auto-import expense from receipt
Automatically find tax write-offs and track expenses
Pay taxes directly from the app
Free unlimited custom invoices
Custom bookkeeping categories
Priority customer support

Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard® Debit Card is issued by Piermont Bank, Member FDIC

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Member FDIC

Bank of America Advantage Banking - $300 Bonus Offer

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Expires 1/31/2025

The $300 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
The offer is for new checking customers only.
Offer expires 01/31/2025.
To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
Additional terms and conditions apply. See offer page for more details.
*A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
Bank of America, N.A. Member FDIC.

Member FDIC

Bank of America® Business Advantage Banking Checking Account - $200 Bonus Offer

Learn More

Expires 12/31/2025

The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
The offer is for new eligible business checking customers only.
Offer expires 12/31/2025.
To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening.
Maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**.
Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
Additional terms and conditions apply. See offer page for more details.
*New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or Merrill investment accounts.
** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
Bank of America, N.A. Member FDIC

Member FDIC

Bank of America Advantage SafeBalance Banking®

Banking that helps you stay within your balance.
No monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25 or maintain a minimum daily balance of $500 in your account or are a member of Bank of America Preferred Rewards®.
Bank of America, N.A. Member FDIC.

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Which is Better: Found or Bank of America?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Found or Novo.

In short: Found's checking is impressive.

Articles on Found

Found Business Banking Review

Found Business Banking offers helpful tax and invoicing tools for self-employed people. But it lacks other basic features. Here's what you need to know.