Update 4/5/25: Extended to Sep 30, 2025
Update 12/27/24: Offer extended to 3/31/25
Update 11/19/24: Bonus is back until 12/31/24.
Offer at a glance
- Maximum bonus amount: $125
- Availability: Nationwide
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: No
- Credit card funding: No
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: Account must be opened by 10/31/2024
Contents
The Offer
- Found is offering a $125 bonus when you open a new checking account and complete the following requirements:
- Reach a $5,000 balance within the first 30 days of account opening and maintain it for an additional 30 days to receive a $125 bonus
- There is also a $100 referral bonus when you spend $1,000 on the debit card, I do not think these offers stack
The Fine Print
- Account must be opened by 10/31/2024.
- This offer is valid through 12/31/2024 and is limited to one reward per account.
- Incentive rewards are deposited into your Found account on or before 30 days of meeting the incentive requirements.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Feel free to share your referrals in the comments below, I don’t think it’s possible to stack the bonuses though and actually think the $125 bonus might be easier for most people.
Hat tip to reader RJ
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
I asked their chat bot if the referal offer and the $125 offer stacks and they said yes. Here is mine – found.com/refer/R48WZC
Referral here. found.com/refer/3Q6P85
https://found.com/legal/fee_schedule
Looks like no EAT fee.
Does your initial deposit have to be $5k or can it be multiple adding up to $5k?
In order to earn a Deposit Incentive, you must (i) meet, or exceed [$5,000], and (ii) maintain at least [$5,000].
Upon meeting the [$5,000], the minimum amount of Eligible Deposits held in your Found Account as calculated by Found at the end of each day (your “Minimum Daily Balance”) must be greater than [$5,000].
So, it sounds like you can make multiple deposits to reach $5k then must hold $5k balance for 30 days.
2/28: Opened w/SSN
3/5: $5k from Brilliant Bank
4/5: $125 Bonus Posted
Thank you
Nice find.
Anyone churn this successfully? I did the bonus in the fall and my account has been closed.
same
Same. I can’t find any churning language.
Don’t bother. Phone number and SSN will prevent you from proceeding to create a new account.
Opened today, sole prop, received an email shortly after opening for a $50 bonus when you direct-deposit $1k from select sources (DoorDash, square, etc) within 60 days, but nothing about the $125 bonus on the page I opened from- not sure if this is an additional opportunity or a switch? “(Name), a $50 bonus is waiting for you! Set up direct deposit, receive $1,000 in the next 60 days from eligible sources, and you’re in the money.“
Could you please post full list of sources to get $50 for $1k DD?
thank you!
Eligible sources for deposit bonus:
– Airbnb
– Amazon
– DoorDash
– Etsy
– Lyft
– Postmates
– Shipt
– Shopify
– Square
– Stripe
– Uber
– UberEats
Fine print from the email: “ Found terms apply. To qualify for the $50 direct deposit bonus, a user must fund $1,000 to their Found account via direct deposit within 60 calendar days of creating a Found account. Eligible platforms to qualify for the $50 bonus are: Stripe, Square, Airbnb, Etsy, Amazon, Shopify, Uber, Lyft, DoorDash, UberEats, Postmates, and Shipt. Offer valid through 12/31/25. See full terms here. *Early availability of direct deposit funds may be available for use up to two days before the scheduled payment date. Early availability is not guaranteed.”
https://found.com/legal/platform-deposit-bonus
extended to 9/30/25
Do you know if you can use EIN vs SS for this offer?
This has been extended to Sep 30, 2025: https://found.com/nav-promo