Questions about Lili? Find the answers here

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Frequently Asked Questions

Questions about Lili? We’ve got the answers here!

General Getting Started Security & Privacy

General

What is Lili?

Lili is an all-in-one mobile banking app designed for freelancers and small business owners, offering premium banking services with no account fees and no minimum balance requirement. In addition to banking services, Lili offers tax optimizer tools and business solutions so you can easily stay in control of your finances, saving time and money.

The Lili mobile banking app is available on both iOS and Android mobile devices.

What is Lili’s mission?

Our mission at Lili is to empower business owners by providing financial tools and services designed to improve their work, their life, and their balance. Our focus is on removing any hurdles that limit our customers’ ability to thrive. To accomplish this, we aim to provide a comprehensive financial management solution to small business owners and the freelancer community, whose needs are not adequately served by traditional banking options.

Who can use Lili?

Anyone 18 or older with a social security number and a U.S. address is welcome to apply for a Lili account!

Lili is specifically designed for independent workers and small business owners, so in order to get a Lili account, at least some of your income should be generated from alternative sources like freelance or gig work, or as an independent contractor or small business owner.

Is Lili designed for businesses?

Yes! Lili offers a business checking account designed for freelancers and sole proprietors. Lili also provides invoicing, expense management and tax tools that help businesses operate seamlessly and focus on achieving success.

Lili currently accepts single-owner LLCs and DBAs.

Does Lili charge any fees?

Lili offers mobile banking with no account fees, which means: no sign-up fees, monthly fees or annual fees. Lili also does not charge you at the ATM, although you are responsible for any ATM provider fees.

In addition to the fee-free Lili Basic account, Lili users have the option to upgrade to a Lili Pro account, which has a monthly fee of $4.99. Lili Pro includes a Premium Visa Business debit card with cashback rewards, fee-free overdraft, automatic savings (with 1.00% APY²), among other features.

Is Lili a real bank?

Lili is not a bank – Lili is a mobile banking app designed for freelancers that offers banking services provided by Choice Financial Group Inc., Member FDIC.

Lili customers can choose between a Lili Pro or Basic checking account, which comes with our signature Visa business debit card.

What makes Lili different from other banking services?

No hidden fees, easy account set-up (it takes less than 3 minutes), 24/7 access via our intuitive mobile app, no withdrawal fees from ATMs across the US (fees from ATM owner or other banks still apply), data-driven insights that help you manage your money, a debit card that gives back with Lili Visa SavingsEdge rewards, special functionality tailored to the unique needs of freelancers (like the ability to easily categorize business and personal expenses or automatically set aside a portion of every deposit into a sub-account for tax season) – all for free. Need we go on?

What bank does Lili use?

Lili’s banking services are provided by our partner bank, Choice Financial Group Inc., Member FDIC. More information about Lili’s partnership with Choice Financial Group can be found here.

Does Lili offer a business checking account?

Yes! Lili offers our customers a business checking account, with the choice between a Lili Pro or Lili Basic plan.

Does Lili offer a savings account?

Lili offers an Automatic Savings Account with 1.00% APY² to Lili Pro users that allows you to save up by transferring at least $1 daily to your rainy day fund.

Does Lili offer fee-free overdraft?

Yes! Lili offers Lili Pro users fee-free overdraft with the BalanceUp feature. BalanceUp enables you to make debit card purchases that overdraw your Lili account up to $200 with no overdraft fees.

Is Lili available outside of the U.S.?

No – for the moment Lili is only available within the continental U.S.

Getting Started

How do I open a Lili account?

You can open a Lili account here (it takes less than 3 minutes!) and download the Lili app via the App Store or Google Play.

Once you open your account and download the Lili app, you can start using your digital card! To view your card details, open your Lili app, go to the menu, and tap on ‘View My Card’.

Your physical card will be sent automatically after opening your account to the address provided while signing up.

How do I login to Lili?

You can login to Lili via the Lili mobile banking app, available for download via the App Store or Google Play.

Can I add a business name to my bank account?

Yes! While your Lili account must be registered under your own name, you can add your business name to your account if you are operating under a DBA or Single Member LLC.

To add your business name to your Lili account, follow the steps available here.

How do I add money to my Lili account?

You can add money to your Lili account via your Lili mobile app, by selecting any of the options available under the “Add Money” menu tab, including:

Instant Pay
Direct Deposit
ACH Transfer
Link Another Bank Account
Scan Your Check

Read more about adding money to your account here.

What is Lili's routing number?

Lili’s Routing Number is 091302966.

To set up a direct deposit, you’ll need to provide the payer (e.g. your employer or the government benefits administration) with:

Our Routing Number
Your 12-digit Account number, which can be found in the Lili App, after logging in, under “Settings/Personal info”.

Can I withdraw cash from my Lili account at ATMs?

Yes – you can withdraw cash from your Lili account at ATMs anytime! Lili doesn’t charge withdrawal fees from more than 38,000 ATMs across the US. You can find the ATM closest to you using our Free ATM locator available in the Lili app.

How do I upgrade to Lili Pro?

If you are an existing Lili account holder, you can upgrade your Lili Basic plan to Lili Pro by accessing your Lili mobile app, tapping on the main menu, and selecting Account Type > Upgrade.

Learn more about Lili Pro here.

If you haven’t joined Lili yet, you can sign up here.

During the signup process, you can choose between Lili Pro and Lili Basic.

Can I connect my Lili Account to Quickbooks?

Lili offers our customers bookkeeping tools including expense categorization, invoicing and tax tools.

If you currently use Quickbooks, you can integrate Quickbooks with your Lili account by following the steps here. Once your Lili account is connected to QuickBooks, it will automatically send transactions to QuickBooks on a daily basis<sup>1</sup>.

How can I contact Lili Customer Service?

You can find the answers to many frequently asked questions in our Help Center.

If you still have any questions, our Customer Service team is here to help! We’re available Monday through Friday via email at [email protected]. Our hours of operation are Monday to Friday, between 9 AM and 7 PM EST. You can also check out our chat bot via the Lili mobile banking app, which is available to assist you 24/7!

Security & Privacy

How does Lili protect my account?

There is nothing more important than protecting your information and privacy. In addition to your account being FDIC-insured by Choice Financial Group Inc., Member FDIC, we have multiple layers of security both on our website and within the Lili app to ensure the safety and integrity of your account and data.

There are important things you should do to keep things secure on your end, as well. Make sure you choose passwords that only you will know and if you have access to more sophisticated technology like Touch ID or facial recognition, use it!

If you notice a transaction that you don’t recognize, please follow the steps listed here.

Feel free to review Lili’s Privacy Policy for details about how we protect the privacy of Lili account holders.

Is my account insured by the FDIC?

Absolutely – all Lili accounts are FDIC-insured up to the standard maximum deposit insurance amount of $250,000 by our partner bank, Choice Financial Group Inc., Member FDIC.

Is Lili PCI Compliant?

Yes, Lili is certified Level 1 PCI DSS compliant.

Where can I use my Lili Visa debit card?

Your Lili Visa Business debit card is accepted everywhere Visa is accepted.

You can also use your Lili Visa debit card to withdraw cash at over 38,000 ATMs across the US, free of charge. Find the nearest one using our Free ATM locator in the Lili mobile app.

What should I do if I don’t recognize a transaction in my Lili account?

If you don’t recognize a transaction in your Lili account, we urge you to temporarily freeze your card in order to avoid any other fraudulent transactions being posted in your account. You can do so as follows:

Log in to your Lili account via the mobile app
In the Menu, under Lili Card Settings, switch “Transactions are allowed” to off.

After following the above steps, you should contact us immediately by calling 855.545.4380.

Where can I find more information about Lili’s policies?

You can find more information about Lili’s Terms and Conditions at lili.co/terms-conditions, and Lili’s Privacy Policy at lili.co/privacy-policy.

3 minutes and you're in business!

Opening a Lili account will have no impact on your credit score.

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