Head-to-Head
Found Business Banking
$0 monthly fee + built-in taxes/bookkeeping for self-employed; APY only on paid plans or card-spend bonus
Airwallex Business Account
Multi-currency SME wallet — $0 Explore, local rails + FX, cards/spend; not cash or branch banking
Monthly Fee
Found Free $0. Optional Plus $35/mo or $315/yr; Pro $80/mo or $720/yr. No balance waiver required.
Explore: $0/month per entity (US fee schedule — no published balance waiver). Grow: $12 per Spend User per month + additional Airwallex Platform fee (dollar amount Not disclosed). Accelerate/Custom: custom.
Checking APY
Free: 0% ongoing. Yield is monthly Balance bonus labeled APY — variable, paid 1st of following month.
None — wallet / Global Account balances have no advertised deposit APY. Do not label as checking APY.
Rating
8.4/10
8.4/10
Costs & Fees
| Metric | Found Business Banking | Airwallex Business Account |
|---|---|---|
| Monthly maintenance | Found Free $0. Optional Plus $35/mo or $315/yr; Pro $80/mo or $720/yr. No balance waiver required. | Explore: $0/month per entity (US fee schedule — no published balance waiver). Grow: $12 per Spend User per month + additional Airwallex Platform fee (dollar amount Not disclosed). Accelerate/Custom: custom. |
| Fee waiver | N/A — Free tier has $0 maintenance; Plus/Pro are optional subscriptions | N/A on Explore (already $0). Grow has no published balance waiver. Do not apply UK/EU/AU Explore waiver rules to U.S. |
| Transaction fees | No excess-item or per-count fees on ACH, deposited checks, or electronic items. Unlimited standard ACH in/out. | No classic item-count checking fees. Cost drivers: FX, SWIFT/Fedwire, incoming Fedwire, exotic inbound %, Explore local-intl fees from 12 Oct 2026, optional acquiring, Grow seats. |
| Overdraft/NSF | No overdraft fees. Account not designed to overdraft; negative balance from merchant adjustments or ACH timing risks closure. | Not disclosed / not a published overdraft product |
| ATM fees | Found does not add ATM fee. Operator surcharge possible. No surcharge rebate. No branded free network. | Not disclosed. No ATM network marketed. CFSB card terms may allow ATM cash subject to limits/fees — product not designed as cash account. |
| Wire/ACH | Incoming domestic: $0. Outgoing domestic: $15 (Free/Plus), $10 (Pro). Incoming intl USD: $0 (SWIFT LEADUS49). Outgoing intl: not disclosed/not offered. Standard ACH in/out: $0 unlimited. | Incoming US Fedwire into Global Accounts: $15. USA/Canada local networks in/out: $0. Outgoing FedWire/SWIFT SHA: $15; SWIFT OUR: $25. Incoming most currencies 0%; KRW/VND/BRL/MYR 0.60%. ACH/local USA-Canada $0 on SMB table. |
Interest & Yields
| Metric | Found Business Banking | Airwallex Business Account |
|---|---|---|
| Checking APY | Free: 0% ongoing. Yield is monthly Balance bonus labeled APY — variable, paid 1st of following month. | None — wallet / Global Account balances have no advertised deposit APY. Do not label as checking APY. |
| Savings APY | N/A — Pockets are sub-accounts in same checking; same yield rules apply | N/A — no separate FDIC savings product |
| FDIC coverage | FDIC pass-through via Lead Bank — $250,000 per depositor per ownership category | Eligible USD at U.S. partner banks: FDIC pass-through up to $250,000 per qualified customer per institution in customer beneficial interest (omnibus FBO). Not Airwallex’s own operating cash. |
Features & Access
| Metric | Found Business Banking | Airwallex Business Account |
|---|---|---|
| Branch/ATM network | No branches. Any Mastercard ATM for withdrawal — Found $0, no rebate. ATM cash-out $550/day new, $1,550/day established. No ATM cash deposit. | None. No marketed ATM network. Cash access unreliable / not a design goal. |
| Mobile app | iOS Found: Business Banking ~4.8 (~26k–34k ratings); Google Play ~4.7 (~16k–18.5k reviews) | App Store US ~4.8/5 (~426 ratings, Aug 2025 scrape); AppBrain ~4.84 (~478); older Google Play ~4.2 — recheck live stores. |
| Virtual cards | Virtual + team cards with spend limits; lock/delete virtual cards | Included — unlimited virtual on marketing; merchant/limit controls Explore; richer rules Grow+ |
| Opening deposit | $0 | $0 |
| Eligibility | Sole prop, single/multi-member LLC, C-Corp, S-Corp, partnership. Nonprofits can use banking/invoicing (tax tools poor fit). Up to 4 additional beneficial owners plus primary. | Legal business entity or sole proprietor; principal place of business in the United States (Airwallex US / Evolve). Corporation, unincorporated association, partnership, LLC, incorporated nonprofit, sole prop. Not for consumers/personal/household use. |
Pros & Cons
Found Business Banking
Pros
- $0 maintenance, $0 min balance, $0 overdraft fee, unlimited standard ACH (Jul 13, 2026 schedule)
- Native tax Pocket, estimates, write-offs, invoicing, and 1099 contractor tools on Free
- Pockets with dedicated account numbers; up to 5 businesses per login
- Incoming domestic + USD international wires at $0 from Found; SWIFT LEADUS49
- Optional 2.50% APY no cap on Pro; 1% card cash-back on Pro; strong app-store ratings
Cons
- Found is not a bank; pass-through FDIC $250,000 at Lead Bank only
- Cash ($2/deposit after 1 free/month) and mobile-check caps low for cash businesses
- Free APY is $0 or spend-gated bonus; Plus yield capped at $20k and can be eaten by subscription
- No surcharge-free ATM network; no ATM cash deposit
- Patterned freeze/hold complaints; outgoing FX wires, checkbooks, ICS, and W-2 payroll absent
Airwallex Business Account
Pros
- US Explore $0/month with no published minimum balance (US Fee Schedule, 18 Sep 2026)
- Transparent FX 0.50% majors / 1.00% others vs typical 2–4%+ bank markups
- Local-rail payouts and USA/Canada transfers $0; Grow/Accelerate exempt from Explore local-intl fees from 12 Oct 2026
- Local receiving in 20+ currencies reduces incoming international wire friction
- Cards + expense + bill pay + QBO/Xero on one wallet; Grow adds NetSuite-class controls; optional Yield ~3.3–3.6% net MMF
Cons
- Not a bank; FDIC pass-through $250k at partner banks (omnibus FBO); no advertised multi-bank sweep
- Yield is SIPC MMF — not FDIC and not checking APY
- No cash or check deposit rail
- Grow is $12 × Spend users + unpublished platform fee — hard to model from public docs
- Trustpilot 2.9/5 and freeze/hold complaint pattern; Explore has no dedicated RM; incoming Fedwire $15
Verdict
Found Business Banking
Found is an online business checking platform from Indie Technologies with deposits at Lead Bank (FDIC Cert. 8283). Three tiers share same rails: Free ($0), Plus ($35/mo), Pro ($80/mo). Jul 13, 2026 schedule: $0 maintenance, $0 overdraft, unlimited free ACH. Costs on wires ($10–$15), mailed checks ($1, free Pro), Instant/Express payouts, cash ($2 after 1 free/month), dormancy ($10/12 mo). Yield: Free 0% or 2% card-spend bonus; Plus 1.50% on first $20k; Pro 2.50% no cap + 1% card cash-back. Differentiator is built-in tax Pocket, Schedule C books, invoicing, and contractor 1099s. Cash capped $2k/week and $4k/month at retail. $250k FDIC only. Strong app UX; freeze/support complaints are operational risk.
Airwallex Business Account
Airwallex US is a money transmitter with USD at partner banks (Evolve named for certain customers) — FDIC pass-through $250k, no advertised ICS sweep. Explore $0; Grow $12/Spend user + undisclosed platform fee. Wallet FX 0.50%/1.00%; USA/Canada local $0; SWIFT $15/$25; incoming Fedwire $15. No cash/checks. Optional Yield MMF ~3.33–3.60% net (22 Sep 2026) is SIPC not FDIC. Strong for FX-heavy digital firms; weak for cash, branch, and freeze-averse buyers given Trustpilot 2.9.