Update 12/27/24: Offer extended to 3/31/25
Update 11/19/24: Bonus is back until 12/31/24.
Offer at a glance
- Maximum bonus amount:Â $125
- Availability:Â Nationwide
- Direct deposit required:Â No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: No
- Credit card funding: No
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â Account must be opened by 10/31/2024
Contents
The Offer
- Found is offering a $125 bonus when you open a new checking account and complete the following requirements:
- Reach a $5,000 balance within the first 30 days of account opening and maintain it for an additional 30 days to receive a $125 bonus
- There is also a $100 referral bonus when you spend $1,000 on the debit card, I do not think these offers stack
The Fine Print
- Account must be opened by 10/31/2024.
- This offer is valid through 12/31/2024 and is limited to one reward per account.
- Incentive rewards are deposited into your Found account on or before 30 days of meeting the incentive requirements.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Feel free to share your referrals in the comments below, I don’t think it’s possible to stack the bonuses though and actually think the $125 bonus might be easier for most people.
Hat tip to reader RJ
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
I assuming everyone who deposited $5k had the experience where Found automatically shifts about $2k into a “Taxes” subaccount. I thought nothing of this until my bonus didn’t appear! Then a chill ran up my spine as I realized everyone except me probably moved the money back to the “Primary” subaccount and that’s why they got their bonuses so fast, and I ruined everything, and I’m a shitty churner, and I’ll never amount to anything in my life, and I’m -$125! But what really happened is I just sent a message and got the bonus.
10/30 applied and instantly approved
11/4 rec’d debit card in mail
11/18 pushed $5k from local CU
1/9 sent a message via app asking about my eligibility for the bonus; within a business day or so they’d replied and the bonus was posted
Are you guys closing this right after getting the bonus? thanks
Yea im wondering the same.
I got my bonus today, will move 5k out tomorrow and then decide later
DP
11/27: Opened
12/05: $5K Funding from Discover Savings
01/05: $125 Bonus Posted
DP-
11/22 – open acct
11/29 – enroll Biz checking Plus
12/10 – funding 5K
12/30 – bonus posted and transfer all money out
Has anyone tried credit card funding?
Their website seems to be buggy, showed me this on 12/6 when I moved 5k in and signed up for plus
Try Found Plus for free After your 30-day free trial, your Found account will be debited $19.99 (plus taxes). Your plan will automatically renew on February 5, 2025
I just checked carefully and that is 60 days, logged in today and now it says which seems correct
Your monthly plan
Renews on Jan 6, 2025
$19.99/month
DP:
11/21: Opened acct
11/26: Funded $5k with ACH from Chase personal checking
11/26: Moved over all funds deposited in the Tax category to Primary
12/27: Received $125 bonus.
found.com/refer/SZY7PN
Offer extended to 3/31/25.
Open 11/19/24
5k sofi deposit posted 11/21/24
$125 bonus posted 12/22/24