How to Create Found Bank Account without a Phone Number

Posted on 12/11/24 03:54 am

How to Create Found Bank Account without a Phone Number

If you are looking for an excellent digital solution to track and manage your expenses as a freelancer or a one-person business owner, try out the Found Bank app.

The service offers really helpful functionality for self-employed individuals. So, what are the features, and how can you avoid compromising your mobile number when signing up for Found Bank? Let’s explore these topics further.

What is Found Bank?

What is Found Bank? It’s a business checking account that allows you to manage expenses and taxes. One of the best features is that, with Found, you don’t need to juggle multiple apps with paid functionality. Within a single app, they provide all the features that small business owners, freelancers, and other self-employed individuals need to feel as much financial freedom as possible. Among other benefits, the app has no monthly or hidden fees, allows users to open deposits with no minimum amount required, and simplifies managing expenses by organizing them into the so-called “Pockets.”

Another important point for Found account holders is that Found is not a bank itself but a financial app that delivers services through a partnership with Piermont Bank. The bank is an FDIC member. Moreover, since the company does not maintain physical branches, you can reach their support via live chat or email if you encounter any issues, though support is not available 24/7.

Now that we have some basic information about the app, let’s answer the question: "What is Found?" and dive into its core functionality.

What is Found Bank?

What are the Features for Freelancers and Small Businesses?

Here’s what self-employed people and owners of small companies find most beneficial when they decide to join Found Bank and start a basic account:

  • Separate business and personal expenses: With the Found Bank app, it becomes easier to differentiate your company’s expenses from personal ones.
  • Access a physical debit card for your business: You can also get up to 10 virtual cards. The physical card is delivered in a few business days, while the virtual cards are available immediately after registration.
  • Track your write-offs: The Found Bank app automatically fills in Schedule C and 1099 tax forms, saving you the hassle of doing it manually. With handy templates, you can copy the numbers and send the form to your accountant.
  • Organize your business expenses: The app allows you to categorize your expenses, making it easier to navigate and manage them.
  • Automatically calculate your tax bills: After every purchase or payment you receive for your services, the app will notify you of how much you owe to the IRS.
  • Automatically save for taxes: After every transaction, the app will transfer a percentage of the money into a Tax Savings Account, which is especially helpful for paying quarterly taxes.
  • Send unlimited invoices: You can customize your invoices with your brand logo and color scheme.
  • Set payment reminders for clients: You can set up automated reminders for clients who forget to make payments, so you don’t have to chase them down.
  • Seamlessly integrate with external apps: The app integrates with external business tools like PayPal, Stripe, eBay, Etsy, and more, allowing you to access all the services you need from one dashboard.

Paid Functionality of a Found Account

In addition to its core features, Found Plus (for a monthly fee) offers even more amazing features, including:

  • Pay taxes directly within the service: This feature eliminates worries about missing deadlines and reminds you about penalties for late payments to the IRS.
  • Set up custom categories: Found Plus users can create custom categories to track and manage business expenses, unlike free users who are limited to pre-set "Pockets."
  • Earn competitive interest rates: With 1.5% APY on your account balance (with a $20,000 balance limit).
  • Conveniently import expenses from receipts: Simply take a photo of your receipts to import your expenses.

How to Join Found Bank App?

The registration process to join Found is pretty standard for online banking services. The required information includes your legal name and address, SSN, tax filing status, estimated income from your company, email, and phone number. Regardless of your business structure, Found will be a good solution. After you complete the Found login, the app will ask you to add your EIN, although this is optional.

Once registration is complete, you can order a physical debit card, which will be delivered in a few business days. A virtual card is available while you wait for the physical card to arrive.

Phone Number for Found Account

If you want to avoid exposing your private phone number but still want to join the Found Bank app, using a one-time virtual number for OTP verification is a great option. It helps you protect your privacy by preventing the exposure of your real geolocation and identity. This enhances your level of data privacy and anonymity both on the platform and across the web.

These virtual phone numbers are ideal if you need to access a platform that is restricted in your country. They are also useful for registering for services that require a local number. For example, many Chinese apps like Baidu, Douyin, and others require a local number for registration.

smsotpverifyis one of the leading providers of temporary virtual numbers for over 3,000 supported platforms and apps. With its numbers, you can virtually register from one of 190+ supported countries, regardless of your actual location.

Quick Guide on How to Obtain a Virtual Phone Number for Found Bank

Here’s a step-by-step guide on how to obtain a virtual phone number for the Found Bank app:

  1. Join smsotpverifyvia email or a social media account.
  2. Replenish your account balance with a few US dollars or available cryptocurrency — whichever method suits you best.
  3. To obtain a number for the Found Bank app, select the service and country on the homepage, then click the “Buy” button.
  4. Then, open the Found Bank app and apply the copied virtual phone number.
  5. To request the verification code, go back to your smsotpverify account and click “Get SMS.”
  6. Apply the OTP and complete the Found login.

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