Online Banking | Small Business Banking (2024)

FAQs

Is the found debit card legit? ›

Security and Reliability

Found is partnered with Piermont Bank to provide its banking services. Piermont Bank is FDIC insured up to $250,000 per depositor for each account and ownership category. This means you won't have to worry about your money. Found also encrypts your financial data to keep it safe.

Bluevine is a financial technology company, not a bank. Bluevine banking services are provided through a partnership with Coastal Community Bank, Member FDIC. All Bluevine Business Checking accounts are FDIC insured up to $3 million per depositor.

No, you cannot open a business bank account with an employer identification number (EIN) only. You'll also probably need other business paperwork — like your business license and formation documents — plus personal identification like a driver's license.

Provide the username/email address and password you used to register and they will activate the service on their system. Activate your online banking service over the phone. Some banks let you activate your online banking service by calling their customer service department and talking to a representative.

Even if the card was not stolen, per se, but rather found on the sidewalk, using the card is still illegal in all 50 states.

Found debit cards can be used to withdraw funds at any ATM that accepts Mastercard. Your daily withdrawal limit is $550.

To apply for a line of credit, you must meet these minimum qualifications: In business for 24 months or longer. Corporation or LLC. 625+ personal FICO score.

Bluevine borrower requirements

You must also be registered as a corporation or LLC — sole proprietors are not eligible. Bluevine accepts credit scores as low as 625, but your business must be in good standing with your secretary of state and have no bankruptcies.

You'll need to provide your Employer Identification Number (EIN). As a corporation, LLC, or LLP, other forms of Tax IDs won't suffice for our application right now. What we're looking for here is your company's annual gross revenue (that is, total revenue before taxes and other expenses are taken out).

An EIN is not linked or associated with your SSN. As such, it provides additional personal privacy protection by using a different number than your SSN for reporting purposes. You can easily apply online for the EIN through the IRS. In addition to privacy, there are other advantages to obtain an EIN.

Can I get a loan with my EIN number? ›

You can apply for a business loan with your EIN if you're a new business owner without established credit. However, you may also need to include your SSN and details about your personal finances because you'll likely have to provide a personal guarantee.

The bottom line. Technically, it's possible to get a business credit card with just an EIN. But it's not easy, and the eligibility requirements are stringent. It's not a viable option for the vast majority of small business owners.

Such negative activities that show up on your report and hurt your approval chances include bouncing checks, leaving an overdraft balance unpaid, abusing a debit card or applying for too many accounts in a short period of time, according to credit bureau Experian.

Online banking is at risk of cybersecurity threats that could expose confidential and sensitive financial information of the customer. Hackers use various tactics like phishing attacks, malware, and ransomware to gain unauthorized access to accounts.

Found is a financial technology company, not a bank.

Debit card purchases: $4,000 per day. ATM withdrawals: $550 per day. Transfers from your Found account: Up to $5,000 per day to linked bank accounts and up to $4,000 to payment apps.

The Found debit card connects with your business checking account to make financial transactions more seamless. All of your expenses go into a detailed report that has insights on tax write-offs and other details. Found makes it easy to issue virtual debit cards, and you can freeze them at will through the mobile app.

Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard Business debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc.