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Authorized User Terms of Use

1. General.

(a) Your Lili Visa® Debit Card (“Lili Card’ or “Card”) is a business debit card issued through the Lili program by Sunrise Banks, N.A., Member FDIC (“Bank”). The Lili program is managed by Lili App Inc. (“Lili”). When you use your card, you must follow the requirements laid out in these Authorized User Terms of Use (“Terms”).

(b) As used in these Terms, “we,” “us” and “our” refer to the Bank. “You” and “your” refer to the person authorized by the Account Owner to receive and use a Lili Card. The Account Owner refers to the business entity or sole proprietor that participates in the Lili program and has a business deposit account with the Bank.

(c) When you use your Lili Card, you are using the card on behalf of the Account Owner. All expenses on your Lili Card are the responsibility of the Account Owner.

(d) These Terms do not establish a contract or other legal relationship between you and us. This document constitutes a binding agreement between you and the Account Owner and the Account Owner is responsible for your compliance with these Terms.

2. Using Your Lili Card.

(a) Your Lili Card must be activated prior to use. Based on your Account Owner’s request, Lili will provide activation instructions to you. We, or your Account Owner, may apply limits to your Lili Card, such as spend limits, country limits, or limits on merchant categories or specific merchants.

(b) You may only use your Lili Card for business purchases on behalf of your Account Owner. You may not use your Lili Card for personal, family or household purposes or to make purchases that are not on behalf of your Account Owner. Your Lili Card remains the property of the Bank and must be returned upon request. We may cancel, revoke, repossess or restrict the use of your Lili Card at any time. You may not use the card for any unlawful purpose.

(c) You are not directly liable to us for your charges or other activity on your Lili Card.

3. Card Security.

You are responsible for securing your Lili Card, account number and card security features (including the CVV and PIN).

4. Data Privacy.

The Lili Privacy Policy and the Bank Privacy Policy describe how and for what purposes we process data (including personally identifiable information) in connection with your use of your Lili Card. By using your Lili Card, you consent to these policies.

5. Prohibited Persons.

You represent and agree you are not currently and will not become subject to a U.S. Office of Foreign Asset Control list, or any law, regulation, or other list of any government authority that prohibits or limits us from providing debit cards to you or from otherwise conducting business with you.

6. Customer Service.

If you have questions about the valid use of your card, please contact your Account Owner. If your Lili Card is lost or stolen, please immediately notify your Account Owner and Lili Customer Support at [email protected].

Contact Us

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Mon – Friday, 9am – 8pm EST

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Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC. The Lili Visa® Debit Card is issued by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. Please see the back of your Card for its issuing bank. The Card may be used everywhere Visa debit cards are accepted.

Wire Transfer service provided by Column Bank N.A., Member FDIC. All wires are subject to acceptance criteria and risk-based review and may be rejected at the sole discretion of Column Bank N. A. or Lili App Inc.

1 Available to Lili Pro, Lili Smart, and Lili Premium account holders only, applicable monthly account fee applies. For details, please refer to our Choice Financial Group Account Agreement if your Lili business deposit account was opened with Choice Financial Group, Member FDIC, or Sunrise Banks Account Agreement if your Lili business deposit account was opened with Sunrise Banks, N.A., Member FDIC.

2 Available to Lili Smart and Lili Premium account holders only, applicable monthly account fee applies. For details, please refer to our Choice Financial Group Account Agreement if your Lili business deposit account was opened with Choice Financial Group, Member FDIC, or Sunrise Banks Account Agreement if your Lili business deposit account was opened with Sunrise Banks, N.A., Member FDIC.

3 The Annual Percentage Yield (“APY”) for the Lili Savings Account is variable and may change at any time. The disclosed APY is effective as of September 1, 2023. Must have at least $0.01 in savings to earn interest. The APY applies to balances of up to and including $100,000. Any portions of a balance over $100,000 will not earn interest or have a yield. Available to Lili Pro, Lili Smart, and Lili Premium account holders only.

4 BalanceUp is a discretionary overdraft program for debit card purchases only, offered for Lili Pro, Lili Smart, and Lili Premium Account holders. You must meet eligibility requirements and enroll in the program. Once enrolled, your Account must remain in good standing with a deposit and spending history that meets our discretionary requirements to maintain access to the feature. BalanceUp overdraft limits of $20-$200 are provided at our sole discretion, and may be revoked any time, with or without notice.

5 Early access to ACH transfer funds depends on the timing of payer’s submission of transfers. Lili will generally post these transfers on the day they are received which can be up to 2 days earlier than the payer’s scheduled payment date.

6 Up to $1,000 per 24 hours period and a maximum of $9,000 per month. Some locations have lower limits and retailer fees may vary ($4.95 max). Note that Lili does not charge transaction fees.

7 Lili AI and other reports related to income and expense provided by Lili can be used to assist with your accounting. Final categorization of income and expenses for tax purposes is your responsibility. Lili is not a tax preparer and does not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your specific situation.

8Lili does not charge debit card fees related to foreign transactions, in-network ATM usage, or card inactivity, or require a minimum balance. The Lili Visa® Debit Card is included in all account plans, and remains fee-free with the Lili Basic plan. Applicable monthly account fee applies for the Lili Pro, Lili Smart, and Lili Premium plans. For details, please refer to our Choice Financial Group Account Agreement if your Lili business deposit account was opened with Choice Financial Group, Member FDIC, or Sunrise Banks Account Agreement if your Lili business deposit account was opened with Sunrise Banks, N.A., Member FDIC.

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