Lili fees vs. old banks’ fees
| Category | Lili | Old Banks |
|---|---|---|
| Expense Management | $0.00 | Not Available* |
| Monthly service fee | $0.00 | $10 – $15/month |
| Minimum balance required | $0.00 | $500 – $5,000 |
| Minimum initial deposit | $0.00 | $25 – $1,500 |
| Overdraft fees | $0.00 | $35 |
| Foreign exchange rate adjustment | 0% | 1% – 3% |
| ACH Bank Transfer Fee | $0.00 | $3 – $10 |
| ATM fee – in network | $0.00 | $2 – $4 |
| ATM fee – out of network | $2.5 | $2 – $4 |
| ATM fee – outside of US | $5 | $2 – $5 |
*Not available from old banks, but add $12-$19/month for expense management software.