Found for Delaware LLC.
Banking and tax tools for the self-employed. We explain exactly how to open a Found account with your Delaware LLC, what documents you need, how long approval takes, and whether non-US founders are accepted. Last updated: June 4, 2025.
Quick answer: Can a Delaware LLC open a Found account?
Yes. A Delaware LLC can open a Found account in the United States. Found is difficult for non-US founders and typically requires an in-person visit or US work authorization. Approval takes 1 to 3 business days. You need your Delaware Certificate of Formation, EIN confirmation letter, government-issued photo ID, and 4 additional documents. There are no monthly fees.
Found for Delaware LLC — key facts at a glance.
Why Delaware LLCs choose Found.
Last updated: June 4, 2025
Found is a financial platform built for self-employed individuals, including freelancers, independent contractors, and sole proprietors. It combines a free business checking account with automatic tax withholding, quarterly tax payment reminders, and built-in bookkeeping. Found is particularly useful for Delaware LLCs with 1099 income because it calculates estimated taxes in real time and helps you set aside the correct amount from each payment. The platform partners with Piermont Bank to provide FDIC-insured accounts. Found offers a clean mobile app, virtual and physical cards, and integrations with Stripe, Square, and PayPal. Like Lili, Found is designed for single-owner businesses and lacks multi-user features.
Founded in 2019 and headquartered in San Francisco, California, Found has built a reputation as single-member delaware llcs with 1099 income who want automatic tax calculations and built-in bookkeeping without monthly fees. For Delaware LLCs specifically, Found offers moderate compatibilitybecause it was built for modern businesses and accepts digital documentation.
The main challenge for non-US founders is eligibility. Found typically requires a Social Security Number or ITIN, and non-US founders often need to visit a branch in person. This makes it difficult for founders who do not live in the United States or do not have US work authorization.
When you work with DelawareLLC.co, your specialist helps you prepare every document Found requires, reviews your application before submission, and troubleshoots if the bank requests additional information. We have helped hundreds of Delaware LLCs open Found accounts, and we know exactly what each bank looks for.
Delaware LLCs enjoy unmatched legal credibility because of the state's Court of Chancery and century-old corporate law framework. Investors, venture capital firms, and payment processors recognize Delaware as the gold standard for US business formation. However, that credibility depends on having a proper US banking footprint. When you present a Delaware Certificate of Formation but your business transactions flow through a personal account overseas, partners and investors question whether your LLC is a legitimate US entity. A US business bank account tied to your Delaware LLC reinforces your legal separation, builds business credit history, and signals to US customers, suppliers, and investors that you operate a genuine American business.
Non-US founders make three predictable mistakes when banking a Delaware LLC. The first is submitting documents that do not match exactly — using a shortened LLC name on the bank application while the Certificate of Formation shows the full legal name. Banks reject these applications automatically because their compliance software flags mismatched entities. The second mistake is applying before the IRS issues an EIN. Banks verify EINs against the IRS database in real time, and if your number is not yet active, the application fails instantly. The third mistake is using a personal bank account for LLC income, which pierces the corporate veil and exposes personal assets to business liability. These errors are completely avoidable with proper preparation.
Found solves these problems by accepting digital documentation and verifying identity remotely. While Found requires an SSN or ITIN, it compensates with robust in-person support and comprehensive business services that fintech banks cannot match. Specific use cases where Found excels include e-commerce businesses processing US customer payments, SaaS companies collecting recurring revenue in USD, consulting firms invoicing American clients, and agencies managing multi-currency operations. Businesses that handle cash should pair Found with a traditional bank that accepts deposits.
How to open a Found account for your Delaware LLC.
Gather your documents
Start by collecting every document Found requires. You need: 1. Delaware Certificate of Formation 2. EIN confirmation letter 3. Government-issued photo ID 4. US address 5. Social Security Number OR foreign passport 6. Single-owner businesses preferred. Double-check that your LLC name on every document matches your Certificate of Formation exactly — even a missing comma or abbreviation can trigger an automatic rejection. If you are a non-US founder, confirm whether you need an SSN or ITIN before applying. We recommend scanning everything into a single PDF so you can upload it in one session.
Complete the online application
Visit found.com and start the application. Enter your Delaware LLC name exactly as it appears on your Certificate of Formation. Use your EIN from the IRS. Enter your SSN or ITIN. If you do not have one, you cannot complete this application and should consider Mercury or Wise instead. The application takes 10-20 minutes. Do not rush: incorrect information here causes rejection or manual review delays.
Verify your identity
Found verifies your identity using your government-issued ID. Online application. Found verifies identity and business documents. You may be asked to take a selfie or record a short video for liveness detection. Respond to any verification requests within 24 hours. Delays in response can push your approval back by several days. Make sure the ID you upload is not expired and shows your full legal name.
Wait for approval
Approval typically takes 1 to 3 business days. Rejection is common for Multi-owner businesses, High-risk industries, Non-US founders without clear US presence. During this period, avoid submitting duplicate applications — multiple submissions can flag your LLC for fraud review. You will receive an email when your account is approved. If additional documents are requested, upload them immediately through the dashboard. If approval takes longer than expected, check your spam folder for missed communications.
Fund your account
Once approved, fund your account via ACH transfer, wire, or debit card. There are no minimum balance requirements. Incoming wires are free, so you can transfer large amounts from international clients without penalty. Set up your accounting integration with Stripe immediately to automate bookkeeping. Order your debit card and activate it through the mobile app.
Found pros and cons for Delaware LLCs.
Every bank has trade-offs. Found is no exception. Before you submit your application, understand exactly what you gain and what you give up compared to alternatives like Mercury, Wise Business, and Relay. The right choice depends on whether Found's strengths align with your business model and whether you can live with its limitations.
- Automatic tax withholding and quarterly reminders
- Built-in bookkeeping and expense tracking
- Zero monthly fees
- 0% foreign transaction fee
- ATM fee reimbursement
- Integrates with Stripe, Square, PayPal
- Good mobile app for freelancers
- No wire transfers
- Not suitable for multi-member LLCs
- No multi-user access
- No cash deposits
- No savings accounts
- No credit cards
- Limited integrations beyond payment processors
Found vs alternatives for Delaware LLCs.
| Feature | Found | Best alternative |
|---|---|---|
| Monthly fee | $0 | ✓$0 (Mercury, Wise, Relay) |
| Approval for non-US founders | Moderate | ✓Excellent (Mercury, Wise) |
| SSN required | Yes | ✓No (Mercury, Wise, Relay) |
| Wire fees | $0 (not available) | ✓$0 (Mercury) |
| Foreign transaction fee | 0% | ✓0% (Mercury, Wise, Novo) |
| Virtual cards | Yes | ✓Yes (Mercury, Relay, Novo) |
| Cash deposits | No | ✓Yes (Chase, BofA, Capital One) |
| Savings accounts | No | ✓Yes (Mercury, Chase, BofA) |
| API access | No | ✓Yes (Mercury, Wise, Brex) |
| Approval speed | 1 to 3 business days | ✓1-3 days (Mercury, Wise, Novo) |
Found fees and pricing breakdown.
- Monthly fee: $0
- Account opening: $0
- Wire incoming: $0 (not available)
- Wire outgoing: $0 (not available)
- ACH transfers: $0
- ATM fees: $0 (ATM fee reimbursement up to $5/month)
- Foreign transactions: 0%
- Debit card: Physical + virtual
- Mobile app: Yes
- Multi-user access: No
- Check deposits: Yes
- Check issuing: Yes
- API access: No
- Accounting integrations: Stripe, Square, PayPal
Timeline: From application to first transaction.
Complete the Found online application with your Delaware LLC documents. Time required: 10-20 minutes.
Found reviews your Certificate of Formation, EIN, and identity documents. Additional verification may be requested.
You receive approval and account details via email. Debit cards are typically shipped within 5-7 business days.
Transfer funds via ACH or wire. Activate your debit card. Set up accounting integrations if needed.
Use your account for business expenses, receive customer payments, and build your business credit history.
Frequently asked questions: Found for Delaware LLCs.
Can a non-US resident open a Found account with a Delaware LLC?
No, or it is very difficult. Found typically requires a Social Security Number or ITIN, and non-US founders usually need to visit a branch in person. Consider Mercury or Wise Business instead.
What documents does Found require for a Delaware LLC?
Found requires 6 specific documents for a Delaware LLC: Delaware Certificate of Formation; EIN confirmation letter; Government-issued photo ID; US address; and Social Security Number OR foreign passport; Single-owner businesses preferred. The most critical document is your Certificate of Formation, which must match your LLC name exactly on the application. Your EIN confirmation letter from the IRS is mandatory — banks verify this number against IRS records, and applications without a valid EIN are rejected automatically. Non-US founders typically need additional documentation, including proof of US address and sometimes an in-person branch visit. We recommend organizing these documents in a single PDF before starting your application.
How long does Found take to approve a Delaware LLC account?
Approval typically takes 1 to 3 business days. Online fintech banks like Found review applications faster than traditional banks because they use automated document verification. Rejection is most common when multi-owner businesses. Additional verification can add 2-3 business days. If your application is flagged for manual review, respond to any document requests within 24 hours to prevent further delays. Founders who apply on Monday morning typically receive approval by Wednesday or Thursday.
Does Found charge monthly fees?
No. Found has no monthly fees and no minimum balance requirements. You can open an account with zero dollars and maintain it indefinitely without paying maintenance charges. This compares favorably to Chase Business ($15/month unless you maintain $2,000) and Bank of America ($16/month unless you maintain $5,000). There is also no account opening fee. For a Delaware LLC operating on lean margins, zero monthly fees preserve capital for growth.
Can Found receive wire transfers?
Found receives wires for free. Outgoing domestic wires are also free, which is rare among US business banks. Wire transfers are the fastest way to move large sums into your Delaware LLC account from international clients or investors. Most fintech banks charge for international wires, but Found offers competitive rates. If you expect frequent wires, compare the annual cost: at Chase, 12 incoming international wires cost $180. At Found, the same volume costs $0.
Does Found offer virtual debit cards?
Yes. Found offers virtual cards for online purchases and subscriptions. You can create unlimited virtual cards with unique card numbers for each vendor, which improves security and makes expense tracking easier. If one vendor is compromised, you disable that card without affecting your main account. This is especially useful for SaaS subscriptions, advertising accounts, and freelancer payments. Found also provides physical debit cards for in-person purchases and ATM withdrawals.
Can I deposit cash into Found?
No. Found does not accept cash deposits. If your Delaware LLC handles cash — for example, a retail store, restaurant, or event business — you need a traditional bank like Chase, Bank of America, or Capital One that operates physical branches. Most fintech banks, including Found, Mercury, and Wise, do not handle cash because they lack branch infrastructure. Plan to deposit cash at a traditional bank, then transfer funds to Found via ACH.
Does Found integrate with QuickBooks or Xero?
Yes. Found integrates with Stripe, Square, PayPal. Accurate bookkeeping is essential for Delaware LLC tax compliance, and these integrations eliminate manual data entry.
What happens if Found rejects my application?
Found rejects applications for Multi-owner businesses; High-risk industries; Non-US founders without clear US presence. If rejected, you have three options. First, appeal with corrected documentation — fix mismatched names, add missing documents, or clarify your business description. Second, apply to an alternative like Mercury or Wise, which have broader acceptance criteria. Third, work with a DelawareLLC.co specialist who reviews your application before submission and troubleshoots rejections. The best prevention is following Found's guidelines: ensure your llc is single-member.
Should I choose Found or Mercury for my Delaware LLC?
Choose Found if single-member delaware llcs with 1099 income who want automatic tax calculations and built-in bookkeeping without monthly fees. Choose Mercury if you want zero fees, faster approval, and better support for non-US founders. Found offers virtual cards, and zero monthly fees. For non-US founders without an SSN, Mercury accepts foreign passports and approves in 1-5 days. If you need international transfers, Found may be the better primary choice.
Tools to help you decide.
Related guides.
Opening a bank account is one of the first things you should do after forming your Delaware LLC. Start with our complete Delaware LLC banking guide for an overview of all options. Compare the best banks for Delaware LLCs, or read our guide to online business banking if you cannot visit a branch in person.
Before you apply, understand EIN requirements — you need an EIN before any bank will open an account. Learn how to set up Stripe and PayPal as payment processors that connect to your new business account. If you are a non-US founder, our non-resident guide covers banking, tax, and compliance in detail. See our cost breakdown or our pricing to form your LLC.
For specific business types, explore e-commerce banking, consulting firm setup, and SaaS startup banking. Each guide explains which bank features matter most for that industry and how to avoid common rejection reasons.
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