How Much Does Found Plus Cost?

Found Plus is a premium subscription-based banking service from Found aimed at freelancers, self-employed professionals, and small business owners. With additional features like unlimited invoicing, enhanced interest rates, and more powerful financial tools, many users wonder how much does Found Plus cost and whether it’s worth the price.

In this guide, we’ll break down the Found Plus pricing, including monthly and annual subscription costs. We’ll outline which premium features are included, potential hidden fees to watch out for, and how Found Plus compares to competitors like Novo and Chime. Read on to find out if the Found Plus subscription is a smart investment for your small business or self-employed needs.

How Much Does Found Plus Cost?

The core Found Plus membership costs $19.99 per month when billed monthly. For users who want to commit to using Found Plus long-term, an annual subscription is available at $149.99 per year.

Opting for the annual plan equates to around $12.50 per month, offering savings of nearly 40% compared to paying every month. However, the annual plan does require paying the full $149.99 upfront.

Some important points on Found Plus pricing:

• No minimum account balance is required.
• Subscription fees are automatically deducted from your Found Plus account.
• You can downgrade or cancel anytime to stop recurring billing.

While the base subscription covers most core features, be aware additional fees can apply in certain situations, which we’ll explain next.

Found’s official website states that Found Plus costs $19.99 per month or $149.99 per year. This subscription offers additional features such as custom expense categories, photo receipt capture, transaction tags, and direct quarterly tax filing.

Similarly, MoneyRates confirms that upgrading to Found Plus incurs a monthly fee of $19.99 or an annual fee of $149.99, providing enhanced services like customized bookkeeping and reports.

Wise also notes that Found Plus is available for a monthly subscription of $19.99 or an annual payment of $149.99, highlighting benefits such as custom expense categories and priority customer support. Lastly,

JoinKudos mentions the same pricing structure for Found Plus—$19.99 monthly or $149.99 annually. They emphasize how these fees can impact interest earnings on account balances up to $20,000.

Other Found Plus Fees

The main Found Plus cost is the $19.99 monthly or $149.99 yearly fee. However, members may encounter supplemental fees in specific scenarios:

• ATM withdrawal fees – When using out-of-network ATMs, you may be charged a fee by the ATM operator, around $3 on average.
• Wire transfer fees – Sending or receiving wire transfers instead of standard ACH transfers often incurs extra fees, usually $10-$25 per domestic transfer.
• Foreign transaction fees – Using the Found Plus debit card for international purchases or withdrawals can result in foreign transaction fees around 3% of the total transaction amount.

It’s important to be aware of these potential fees not included in the base Found Plus subscription pricing. However, for users who primarily transact within the Found Plus network, the main membership cost is the only regular fee.

Features Included in Found Plus

Found Plus includes a full suite of premium features tailored for freelancers, contractors, and small business owners. Here’s an overview of what’s included with a Found Plus subscription:

• Higher interest rates – Found Plus offers up to 0.75% APY on savings balances, versus just 0.50% with the free Found account.
• Unlimited invoicing – Send unlimited invoices and track income versus expenses. Free Found has a 25 invoice per month limit.
• Cashback rewards – Earn up to 10% cashback when using the Found Plus debit card for eligible purchases.
• Enhanced tax tools – Detailed expense tracking and automated tax document retrieval to simplify filing.
• Priority 24/7 support – Get expedited assistance from Found’s support team any day or time via phone, email or chat.
• Personalized business advice – Schedule 1-on-1 consultations with Found’s financial experts for personalized guidance.

For self-employed users and small business owners, the financial automation and money management features can be well worth the $19.99 per month for Found Plus.

Hidden Fees with Found Plus

Found Plus is generally upfront about its pricing model and fees. However, subscribers should be aware of a few scenarios that can potentially lead to unexpected charges:

• The Found Plus subscription auto-renews each month or year depending on your billing plan. If you don’t want to continue the service, you must cancel the renewal before the next billing date.
• As mentioned above, certain transactions like wire transfers, foreign purchases, or out-of-network ATM usage may incur supplemental fees not included in the base subscription plan.
• If your account balance drops to $0 or below, additional fees such as overdraft charges up to $35 could be applied. Maintaining a positive balance is advised.

As long as you closely manage your Found Plus subscription and account balance, there should be minimal risk of unexpected fees. Found Plus does allow subscribers to easily downgrade or cancel at any time as well.

You might also like our articles about the cost of opening a bank account, money orders, or Rocket Money.

Discounts and Promotions

Found periodically offers discounts and promotions both for new users trying Found Plus for the first time and for existing subscribers:

• Introductory discounts – First-time Found Plus subscribers may be eligible for a percentage off their first 1-2 months, such as 25% off.
• Limited-time promotions – During major holidays like Black Friday or Cyber Monday, Found may offer discounts such as $10 off monthly subscriptions.
• Referral bonuses – Referring friends to try Found Plus can earn you up to $75 in credits. The new subscriber also gets $25.
• Annual plan savings – Opting for the $149.99 annual Found Plus subscription effectively lowers your monthly cost by nearly 40% compared to paying month-to-month.

Following Found’s social media channels or signing up for their email newsletter can help you stay aware of the latest Found Plus deals and discounts. Taking advantage of these promotions can further optimize the overall Found Plus pricing for your small business needs.

Found Plus vs Alternatives

Found Plus isn’t the only digital banking solution tailored for self-employed users and small businesses. Here’s how it stacks up against some top competitors in terms of pricing and features:

• Novo – Novo offers freelancer banking with no monthly fees but fewer tax tools compared to Found Plus. However, Found Plus costs $19.99 per month for its full-featured premium service.
• Lili – Lili has similar tax automation and invoicing to Found Plus, starting at $4.99 per month. But Lili lacks the higher interest and cashback rewards offered by Found Plus.
• Chime Business – Chime Business offers fee-free banking but doesn’t provide the same depth of financial management tools for self-employed users compared to Found Plus.

While Found Plus costs more than some competitors, for freelancers and small business owners who want maximum money management and tax savings capabilities, it provides robust value at $19.99 per month.

Found Plus Reviews

Based on customer feedback across review sites like TrustPilot and the app store, here’s what users highlight about the value proposition of Found Plus’ paid subscription:

Pros

• Automated expense tracking and simplified taxes for self-employed users
• Significantly higher savings interest versus traditional business bank accounts
• Premium features like unlimited invoicing for only $20 per month

Cons

• Some users feel the $19.99 monthly fee is expensive compared to free alternatives
• Auto-renewing subscription and unexpected billing are common complaints

Best for

• Freelancers, contractors, creators: automation for taxes and expenses

-Users who prioritize high interest rates on their savings balances

Overall, feedback indicates that Found Plus delivers strong value if you’ll actually use the full suite of financial automation and tracking tools. For simple banking needs, a free account may suffice, but active freelancers find Found Plus well worth the price.

Final Words

Found Plus costs $19.99 per month or $149.99 per year for a robust premium digital banking solution designed for today’s self-employed and small business owners.

It’s best suited for those who will maximize the automated expense tracking, tax document management, invoicing, and other financial tools Found Plus offers on top of standard banking features.

If you want advanced money management capabilities and premium perks like high interest and cashback rewards, then Found Plus may be a terrific fit. However, casual users or those with basic banking needs may be better off with a free Found account or competitor.

Evaluate your specific banking preferences to decide if Found Plus is a worthwhile investment for your financial needs as a freelancer or small business owner. Their 30-day free trial lets you test it risk-free before paying.

Answers to Common Questions

Is found payment legit?

Yes, Found and Found Plus are legitimate banking services. Found is an FDIC-insured neobank that offers convenient digital banking optimized for self-employed users and small businesses. They are authorized to operate bank accounts across the US.

What is the best small business bank account?

The “best” small business bank account depends on your specific needs. Top options include Found Plus, Novo, Mercury, and Lili. Compare costs, features, and reviews to decide which matches your business priorities. Found Plus is best for those wanting automated financial tools, while Novo offers an affordable basic account.

Can I write checks with found?

No, Found and Found Plus accounts do not include check-writing capabilities. Found offers only digital banking services, including debit card payments, online bill pays, domestic ACH transfers, and mobile check deposits. If you require traditional paper checks, Found may not be the right fit for your business banking needs.