Found: who holds your money
Found is not a bank. Found says customer money is held at Lead Bank, with insurance reaching customers as pass-through FDIC insurance at the partner bank, subject to the app's recordkeeping. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Found is not a chartered bank, so customer money sits at Lead Bank, which has letter C on this site. The grade compares Lead Bank with banks of similar size on this site. FDIC deposit insurance reaches each customer through Lead Bank, provided Found’s records identify each customer. The stated limit is $250,000 per depositor, per insured bank, for each account ownership category, as of September 5, 2026.
Partner banks
- Lead BankFDIC #8283 · program bank30.0%above the insured limitC39.9
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category. FDIC insurance only covers the failure of an FDIC-insured depository institution.
found.com · as of September 5, 2026