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.
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.
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.
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.
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 Standard 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.
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 Standard checking account, which comes with our signature Visa business debit card.
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?
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 at lili.co/terms-conditions.
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.
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.
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.
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 Owner LLC.
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.
If you are an existing Lili account holder, you can upgrade your Lili Standard plan to Lili Pro by accessing your Lili mobile app, tapping on the main menu, and selecting Account Type > Upgrade.
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>.
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!
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.
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.
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.
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.