Lili is a business finance platform designed for small businesses, offering banking services with no hidden fees and no minimum balance requirement. In addition to business banking, Lili offers accounting, invoicing2 and tax preparation software that simplifies the management of your business finances, so you can focus on growing the business you love.
The Lili mobile app is available on iOS and Android mobile devices, as well as on desktop via the Lili web platform.
Our mission at Lili is to empower small business owners by making the financial aspects of their business easier to manage and understand. Our focus is on instilling confidence in our customers so they can focus on growing their business. To accomplish this, we provide a platform to manage banking, accounting, invoicing2, and tax preparation all in one place.
Yes! Lili is designed for small business owners. Lil’s platform combines business banking, accounting, invoicing2 and tax preparation software in order to enable businesses to operate seamlessly and focus on achieving success.
Lili provides a single platform to manage all aspects of a business’s finances, helping business owners manage their payments (both spending and getting paid), balance their books, clarify their financial position, and prepare their taxes.
With Lili, business owners are empowered with instant transaction categorization, smart bookkeeping, the ability to create and send professional invoices, and tax prep software that simplifies tax season. For business owners, centralizing all aspects of their business finances with Lili means streamlining business operations and getting clarity about their financial position, which ultimately enables them to focus on what’s most important: growing their business!
Yes! Lili offers Lili Pro, Lili Smart, and Lili Premium customers fee-free overdraft with our BalanceUp feature4. BalanceUp enables you to make debit card purchases that overdraw your Lili account up to $200 with no overdraft fees.
Once you open your account and download the Lili mobile app, you can start using your digital card! To view your card details, open your Lili mobile app/log in to your Lili account via the web platform, go to the menu, and tap on ‘View My Card’.
After opening your account, your physical Lili card will automatically be sent to the address provided while signing up .
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 platform.
Lili offers our customers powerful accounting tools including expense categorization, smart bookkeeping, invoicing2 and tax preparation 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.
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 platform, 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, Member FDIC, we have multiple layers of security both on our website and within the Lili platform 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.
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
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.
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.
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.
8 Lili does not charge debit card fees related to foreign transactions, overdraft, in-network ATM usage, or card inactivity, or require a minimum balance. The Lili Visa® Business 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. Please refer to our Terms and Conditions for details.