Paypal Business vs Wise Business (2025 Guide)
Discover the key differences between PayPal Business and Wise Business. Compare features, fees, and benefits to find the best solution for your business needs.
As a neobank designed with freelancers, business owners, and independent contractors in mind, Found business banking aims to modernize the banking experience. Are you wondering whether Found is the right fit for your business? In this review, we'll put Found Bank under the lens, exploring its features, fees, and more.
We'll also discuss Wise Business, an attractive alternative that simplifies all aspects of your international and domestic transactions.
Looking to save while managing your international business needs?
Trustpilot Score: Great¹
No minimum balance required and no monthly fees
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On Trustpilot, there are 154 Found business banking reviews with an excellent 4.6/5 rating.² The company has a claimed profile and replies to negative reviews, showing their commitment to customer experiences. Their positive reviews cite the easy-to-use user interface, the availability of tools all small businesses need, and consolidated financial management. Negative reviews touch upon slow transfer of funds and poor customer support.
Learn More: The Best Small Business Accounts
Found is a modern, mobile-first banking solution designed specifically for freelancers and solo entrepreneurs. The fintech company has partnered with Piermont Bank to provide an FDIC-insured business account that combines advanced features with practical tools like built-in invoicing and integration with gig working apps.
Ready to learn more about Found's offerings? In this section, we'll look at the key features of a Found business account and how it can optimize your business’s financial operations. Let's discover what makes Found worth trying.
One of the key attractions of Found is its fee-free banking experience. You won't have to worry about mandatory monthly fees, minimum balance fees, or hidden fees, making it easier to manage your budget and keep your business expenses under control.
Found's built-in expense tracking makes managing expenses a piece of cake. Stay on top of your finances by categorizing transactions, attaching receipts, and even adding notes to help you remember specific details. This feature helps you find out what you owe come tax season.
Creating, sending, and managing professional invoices can be done right from the app. You can track the payment statuses of your invoices, and when you receive payments, the funds directly deposit into your Found account to streamline your cash flow process.
Stay informed about your business transactions with instant notifications on the Found bank app. Each time you make a purchase, receive a payment, or your balance changes, Found will notify you, keeping you up to date with your financial activity.
Found offers both a virtual debit card and a physical debit card to accommodate your spending preferences. The virtual card allows you to make online and contactless payments with ease, while the Found bank card can be used for in-person transactions. You can even add your business name to the front of your debit card for that extra touch.
Transferring money has never been easier or more cost-effective, as Found provides free ACH transfers to and from your account. This allows you to move funds electronically with no additional fees, further enhancing the fee-free banking experience they offer.
Found understands the importance of seamless connectivity and offers integrations with popular apps such as PayPal, Square, Cash App, Venmo, Quickbooks, Uber, and more.
Found Plus is a subscription-based plan that adds premium features to your Found banking experience for a $19.99 per month fee or $149.99 yearly.³
With this upgrade, Found users can get enhanced services such as:⁴
While all Found members get access to pre-set categories, Found Plus lets you create custom categories to better organize and track your expenses. If you want to track how much your business spends on office supplies, for example, you can create a custom category specifically for this, helping you gain deeper insights into your financial operations.
Keep your business receipts organized and accessible with Found Plus' photo receipt capture feature. Simply take a picture of your receipt using the Found app, and their image recognition software will automatically put relevant details into an expense item.
Found Plus makes it even easier to monitor your expenses with transaction tags. Add custom tags to transactions to simplify identifying, grouping, and analyzing your financial activities. Regular Found users can create up to three tags, while Found Plus subscribers have an unlimited number.
All Found customers can make their first tax payment free, but only Found Plus subscribers can make quarterly federal tax payments from their accounts. Found Plus provides a convenient way to make tax payments directly from the Found Wallet to the IRS and state tax agencies. You can also take advantage of other tax account features that can relieve the stressors of paying taxes.
As an added benefit, Found Plus users can earn 1.5% APY on the total balance maintained in their account each month (up to $20,000). The bonus money can help offset the subscription fee, making the Found Plus experience more cost-effective.
Found Plus members also have access to priority phone support. This means you can reach out to the Customer Experience team for immediate assistance using the number in your Found app.
Found business account prides itself on its fee-free banking experience, but it does have daily and weekly limits you’ll need to be mindful of.⁵
Here’s an overview of the standard limits associated with a Found business account:
Compared to many other online accounts, the outgoing limitations are quite low. However, there are instances where you might qualify for a limit increase—which you can request through your Found account.
Now that we’ve gone over the key features, fees, and account limits, let's explore the advantages and drawbacks of Found.
While you’re still searching for the perfect banking solution, one viable alternative to Found Bank worth considering is the Wise Business account.
While Wise Business is a money services business, it focuses on providing low-cost international money transfers and cash management accounts geared towards small businesses and freelancers operating on a global scale. Over 300k businesses use Wise every quarter to handle their international business needs.
Let's take a closer look at what Wise Business offers and how it stacks up against Found.
Wise Business money transfers and fees
Wise operate a mostly fee-free schedule, where you pay for what you use. For instance, if you only want to send money, you can start an account and only pay a low-cost fee on the transfers you send (US-account holders). Wise is committed to transparency around fees and strives to eliminate mark-ups and extra fees.
Wise has no monthly fees or minimum balance requirements. You can also get Wise local account details in 9+ currencies for a one-time fee. Many businesses use these local account details to receive funds in their preferable currency (USD, EUR,GBP, AUD, CAD, and more), then either hold funds, spend funds, or transfer the funds across currencies at low cost.
Hold multiple currencies
Wise Business offers a multi-currency account that allows you to hold and manage over 40+ currencies in one place. This feature is perfect for business owners dealing with clients or suppliers from different countries—it simplifies conversions and streamlines inter-country financial management. While Found is great for domestic use for US-based freelancers and businesses, it doesn’t cater to multi-currency needs as Wise Business does.
Integration with accounting software
Wise Business can be integrated with popular accounting software like QuickBooks, Xero, Wave, and Sage. This feature simplifies the process of keeping track of international transactions and managing your finances across multiple currencies.
Looking to save while managing your international business needs?
Send and receive
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Trustpilot: 4.3/5 average rating - Excellent¹
No minimum balance required and no monthly fees
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Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks.
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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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