The main screen of Lili's business banking web platform, displaying the balance of a business checking account, automatic tax saving, Lili's fee-free overdraft BalanceUp, the expense categorization feature, and estimated yearly tax savings.

Banking designed for your business

Lili empowers your business with the banking features you need, while eliminating the banking fees you don’t.

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Lili is a financial technology company, not a bank. Banking
services provided by Choice Financial Group, Member FDIC

No minimum balance, no hidden fees

No overdraft fees, no minimum balance or deposit, no foreign transaction fees, and no ATM fees at 38,000+ MoneyPass locations.

Move money conveniently

Instantly send and receive money using Standard and Express ACH transfers. Safely connect payment apps or external bank accounts.

Visa® business debit card with cash back

All account holders can use their Lili Visa business debit card and earn cash back¹ on purchases at participating merchants.

Savings account with 4.15% APY

Automate your daily savings and receive an extra boost to your savings account balance by earning 4.15% APY³.

Online banking, wherever you need it

Wherever you need to take care of your business banking, we’ve got you covered. Whether on our mobile or web app, Lili offers online banking at your fingertips.

The Visa business debit card and main screens of Lili's business banking mobile app and web platform, displaying the balance of a business checking account, automatic tax saving, the expense categorization feature, and estimated yearly tax savings.

How Lili compares to traditional banks

Minimum deposit

Overdraft fees

ACH fees

ATM fees

Foreign transaction fees

Incoming domestic wire transfers

Number of transactions

Lili

$0 (in-network)

Unlimited transactions

Traditional banks

Up to $1500

$0-$36

$0-$1

$0-$30

2.7%-3%

$13-$20

Limits and/or fees

Visa business debit card

Convenient, secure, and free.

Take care of your business expenses with Lili’s Visa Business Debit Card, fee-free. It’s Visa, so it’s accepted everywhere and is protected from unauthorized use. And, you’ll receive a digital card that you can add to your digital wallet.

The Lili Visa business debit card and the Lili mobile business banking app main screen, displaying an account balance and expense categorization

Fee-free overdraft protection

Take some of the pressure off of your cash flow.

Benefit from the financial flexibility offered by BalanceUp⁴, Lili’s fee-free overdraft protection. Any overdraft up to $200 on your Visa business debit card is covered, because we know you can’t always plan for everything.

BalanceUp is a discretionary overdraft program for debit card purchases only. Eligibility conditions may apply, please see our Terms and Conditions for details.

Lili's BalanceUp feature, which offers fee-free overdraft up to $200 for Lili Pro, Lili Smart, and Lili Premium customers.

"A lot of small business owners don't have the ability to have a personal banker, but [with Lili] you have one in your pocket."

Momodou N’jie
Founder & Partner, Mo Partners

Frequently asked questions

How do I deposit a check into my Lili account?

Where can I withdraw cash using my Lili card?

How do I deposit cash into my Lili account?

How do I pay my bills from my Lili account?

Where can I withdraw money without paying a fee?

How do I apply for fee-free overdraft?

Can I accept wire transfers?

Does Lili offer joint business bank accounts?

You can easily deposit a check into your Lili account using the Lili platform.

Simply access Menu > Add Money > More options > Mobile Check Deposit, and follow the steps below:

Sign the back of the check
Write in the endorsement field on the back of the check “For Lili mobile deposit only.”
Enter the amount of the check being deposited
Take pictures of the front and the back of your check. Make sure to place your check on a dark, solid background.

Discover more for your business

Accounting

Powerful accounting software that makes it easy to keep your books up to date and clarifies your business’s financial position.

Learn more

Invoicing Software

Easily create and send customizable invoices, accept any payment method, track payments and send reminders.

Learn more

Tax Preparation

Automate tax savings throughout the year and receive auto-generated expense reports and pre-filled tax forms.

Learn more

Plans

Review the details of each of the account plans offered by Lili and select the plan that works best for your business.

Learn more

3 steps and you’re in business

Get Started

Tell us about yourself

Fill in some basic personal information.

Tell us about your business

Share a few details including business type, EIN and industry.

Select a plan

Choose the account plan that best fits your business.

Get Started

Contact Us

Email Our Support Team or Call Us

Mon – Friday, 9am – 7pm EST

Features

About Lili

Learn

Resources

Lili is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC. The Lili Visa® Business Debit Card is issued by Choice Financial Group, Member FDIC, pursuant to a license from Visa U.S.A.

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. Please refer to our Terms and Conditions for details.

² Available to Lili Smart and Lili Premium account holders only, applicable monthly account fee applies. Please refer to our Terms and Conditions for details.

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.

⁴BalanceUp 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.