Lili Reviews

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About Lili

Lili is a financial technology platform designed for business owners. Banking and debit card services are provided by Sunrise Banks.

Lili’s Core account is 100% free, with no minimum balance or monthly charges. All accounts come with a Lili Visa Debit Card for easy transactions. Lili offers smart financial tools that help you plan taxes, manage expenses and save.

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Pros
  • Built-in tools for accounting and tax preparation
  • Send and receive international wire transfers
  • No monthly fees or minimum balance on Core account
  • Grant access to your accountant and team members
  • Up to 4% APY on savings with $500,000 or more
Cons
  • Tax tools and rewards require paid plans
  • Online only (no physical branches)

What is Lili?

Lili is an online banking fintech company created for business owners. Its Lili Core plan has no monthly fees or balance requirements, making it an affordable option for those who want simple digital banking.

All Lili accounts include access to a savings account with a variable APY of up to 4%, along with ACH and wire transfers and third-party integrations. Lili’s paid tiers add tools such as invoicing, tax savings accounts and advanced expense tracking. Accounts are FDIC-insured, with coverage up to $3 million through Sunrise Banks. Together, these features support faster payments, software connections and larger account balances.

How does Lili work?

Lili provides online banking services designed for small business owners. Its Core plan has no monthly fees or balance requirements, while paid tiers add tools like tax savings accounts, expense tracking and invoicing.

Opening an account requires basic information, including your name and contact details, along with a Social Security number. Some non-U.S. citizens with a U.S.-registered business may be eligible and can apply using a passport. Business owners must have a U.S.-registered business and a verified employer identification number (EIN). Once approved, you can start using your digital Lili Visa Debit Card right away, with a physical card arriving by mail within about two weeks.

Customer support is available by phone on weekdays and by email on weekends, with 24/7 AI assistance for routine tasks.

Lili fees

The Lili Core account has no monthly or annual fees. You only pay for certain services, such as $2.50 per domestic out-of-network ATM withdrawal, $5 for international ATM withdrawals and fees for optional express transfers.

Paid plans add more tools and features, but come with monthly and annual subscription costs.

All Lili accounts include a business checking account, debit card and direct deposit. The following pricing is accurate at the time of publishing:

Deposit and transaction limits

ACH deposits from linked external accounts are limited to $5,000 per month, while mobile check deposits are generally limited to $50,000 per month, depending on account type, history and risk review. Lili doesn’t set maximum limits on incoming ACH direct deposits or wire deposits.

Customers can view their personal limits in the app, and some eligible account holders may request approval to deposit checks over the standard limit. Funds from mobile check deposits are typically available within one to five business days.

Lili account features

Lili offers a mix of banking perks and business tools that set it apart from traditional accounts. Features users often appreciate include:

  • No fees on Core account: An account with no monthly or hidden fees makes Lili a good choice for business owners looking to minimize banking costs.
  • Free direct deposit: All Lili accounts include direct deposit with no added fees, though deposit amounts are subject to limits.
  • Visa business debit card: The Lili Visa Debit Card can be used for online purchases immediately and linked to payment apps like Venmo, Cash App, Google Pay and Apple Pay. A physical card arrives within about two weeks.
  • Tax savings and reporting tools (paid plans): Higher-tier accounts include an automatic tax savings account to set aside money from deposits, expense categorization and downloadable tax reports (like Schedule C prep). These tools make it easier to prepare for quarterly and annual taxes, but you’ll still need to file through a tax service or accountant.
  • Expense tracking and reports: Paid plans include advanced features, like smart expense categorization, detailed financial reports and invoicing, which can help small business owners manage day-to-day cash flow more effectively.
  • Integrations with business tools: Lili integrates with several popular business tools, including QuickBooks, Xero, Stripe, Shopify and Gusto.
  • Team access: Business owners can securely invite team members or accountants to manage finances with customizable permissions for tasks like bookkeeping, payments and report viewing.
  • International wires: Lili supports sending and receiving international wire transfers in more than 30 countries and with over 100 currencies. Transfers can arrive within about 24 hours, with no inbound transfer limits.
  • Fast payments: Lili offers express transfer options for quicker access to business funds, including same-day ACH and wire transfers, helping business owners receive payments without long processing delays.
  • BusinessBuild credit tools: Lili’s optional BusinessBuild program helps small business owners establish and monitor their business credit profile. It includes a secured credit card that reports payments to Dun & Bradstreet, real-time alerts for score changes and access to credit-building education. The program is available as an add-on to all plans, with a one-month free trial, three months at $18 per month and $30 per month afterward.

FAQ

What bank owns Lili?

Lili isn’t owned by a bank. Instead, it’s a financial technology company, founded by Lilac Bar David and Liran Zelkha, with banking services provided by Sunrise Banks.

How long does it take to get a Lili account?

Setting up a Lili account is a short process. You’ll need to provide basic personal and business details, along with a Social Security number, employer identification number (EIN) or, in some cases, a passport for verification.

Once approved, you can start using your account immediately through the Lili app or web platform. A digital debit card is available right away for online purchases or use in a digital wallet, and the physical Lili Visa Debit Card typically arrives within seven to 10 business days.

How do I add money to Lili?

There are different ways to add money to Lili. Open the Lili app to see the options under “Add Money.” You can get paid instantly by connecting your account to third-party payment apps like PayPal, Cash App and Venmo. You can also fund your Lili account using mobile check deposits or direct deposits, or by linking your other bank accounts to move funds easily.

Is Lili FDIC-insured?

Yes, Lili accounts are insured by the Federal Deposit Insurance Corporation for up to $3 million through Sunrise Banks, which provides the banking services behind the platform. This is higher than the standard $250,000 FDIC limit per bank, per depositor.

Does Lili integrate with accounting and payroll software?

Yes, Lili integrates with several popular business tools, including QuickBooks, Xero, Stripe, Shopify and Gusto. These integrations allow business owners to connect their banking activity with accounting, payroll and payment platforms they already use.

What customer support options does Lili offer?

Lili offers 24/7 AI assistance for routine tasks, phone support on weekdays and email support on the weekends.

Still have questions?

Is Lili a good bank?

Yes, Lili isn’t a traditional bank, but it can be a good option for small business owners who want a low-cost digital account. The Core plan has no monthly fees and includes a Lili Visa Debit Card and direct deposit. Paid tiers add perks like tax tools, expense tracking and overdraft protection.

At the time of publication, Lili’s savings account earns 2.50% APY on balances up to $500,000 and 4% APY on balances between $500,000 and $1 million, which is competitive with many high-yield accounts offered by online banks.

While Lili discloses deposit and transaction limits in its account agreement, some limits vary by funding method, account type and eligibility. Business owners who regularly handle large deposits from linked external accounts or mobile check deposits may want to review these limits or confirm their specific thresholds before opening an account to ensure Lili meets their needs.

Lili Reviews

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    Customer ServicePunctuality & SpeedMaintenanceStaffRates

    Reviewed July 10, 2026

    The name "Lili Banking" is catchy. I liked their name, and that was what interested me to open up to see who they were. When I ran across it, I said, "Let me read up on it." When I read up on it, I found out they were around less than two years. It started with 100 accounts and then it went global. So, that was amazing for that aspect to go global in a short period of time. I was amazed how fast they turned around and grew. That's big. If they can grow that fast in a short period of time, then they're somebody I want to grow with and to deal with the next 10 years.

    I just wanted to try something new and go with someone new. Lili is online. They're not an in-house banking. It breaks down all your expenses for you, and they've only been around six to eight years. I was looking for less traffic, too. I've been with Bank of America for 20 years, and it's always traffic. Things are always on hold or I can't get what I need. Since I've been dealing with Lili these couple months, they're good at responding quickly through their text route, or I get in touch with someone on the phone. They're always available when I reach out. That's key. I think Lily is a powerful banking.

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      CoverageTechSales & MarketingOnline & AppStaffTransparency

      Reviewed June 23, 2026

      I Googled online business accounts, and I punched it in on the App Store. I scrolled through, and Lili was the one I selected. I had some issues with my Chime account but when I looked at the reviews with Lili, they were good. Lili is better than I expected it to be. Some of these things can be iffy, but I'm pleasantly surprised, and I'm glad that I used it. I got some stuff that's going on on my end that’s got my business looking crazy, but I like how I can incorporate my different streams directly with Lili. I'm working on multiple mini streams of income, and I was having some issues, but everything that I've tried to connect or send to my business account with Lili has been flawless.

      Doing business with Lili has been super easy. The interface is excellent. I get right in and I move right through. There's no nonsense, no goofy loading issues, no buffering. I don't have to refresh it. Everything that I do throughout the course of the day, I have to contact tech support for something. But I haven't had to contact Lili for support for anything since I've used them. I had a $5,000 check that I was trying to cash, and I couldn't cash it on this app, but I figured out why. But that was the only hiccup that I had. That threw me off a little bit, but it was more so on my end than anything else. I'd recommend Lili and my friends know if I recommend something, it's pretty slick. I haven't gotten into the invoicing aspects but as far as initial interfacing with the basic features, my advice to Lili is if it's not broke, don't fix it. A lot of people do updates, but it's worse afterwards.

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      Customer ServiceSales & MarketingOnline & AppStaffEase of Use

      Reviewed June 22, 2026

      My father-in-law has a small business, and when I was starting a small business, he recommended Lili. Lili was extremely convenient, just in terms of what I was able to do with it. Right now, I am a sole proprietor, so I haven't needed it for payroll. The one thing I've liked is the invoicing that I’m able to do. Then I also appreciated the ability to just prepare some of my tax documents for the last couple of years. That was really nice as well. It's just super nice to be able to deposit checks using the app and camera. And just always have it in my pocket, where I can just double-check that I've got whatever funding I need, or to approve whatever purchases. The app is very easy to use.

      I feel safe with them. I have one criticism, though. I was trying to add a business partner and give my business partner access to the account, and it's been such a frustrating experience. And to this day, he still doesn't have access to what he would need with Lili. And that's come to a point where I'm actually trying to consider something else. So, it was perfect as a sole proprietor, like for one person. But as soon as I tried to add one more person, it just ended up not being a good fit. And their customer service has not been helpful.

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      Refunds & PayoutsStaff

      Reviewed May 29, 2026

      My husband did some research and he found Lili when he was looking for some really good fintech banks for small businesses. The biggest thing for us was the FDIC limits that you don't get at standard banks. Also, the matching on the savings account was higher than standard banks as well. We have three different business accounts with Lili and working with them has been easy. We do the checking, savings, and the expense reports.

      But I don't do any invoicing because their invoicing isn't easy. I can use QuickBooks and other platforms where it's much easier to process an invoice. Lili's platform also doesn't always give you everything you need and I hate that you can't always get through a human. You got to keep chatting with people. I want the invoice to be done right and I want it to have my logo on it. That was really hard to get done. So, I just gave up and went back to QuickBooks. I wanted to do everything at Lili's but not if it's going to take me forever to figure it out. And I'm a tech person. So, that makes zero sense if I'm actually in tech.

      Other than that, my experience with Lili has been pretty seamless. Everything except for the invoicing is pretty easy to understand, and there's a lot of flexibility in their platform. I like the embedded expense report piece which is very helpful when it's time to do taxes. I also like the fact that I don't have to go into multiple systems and organize my financials to where they need to be clear for my CPA to understand. They kind of built that into their whole bank statement, which was pretty great for us, because we don't get that at standard banks either. The only thing I will complain about is when you have to dispute something, it takes 60 to 90 days which is outrageous for me to get my money back when I have full-blown proof on a dispute. It's the reason why I keep a physical bank because that was my worst experience.

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      Customer ServiceSales & MarketingPunctuality & SpeedOnline & AppRefunds & PayoutsStaffEase of Use

      Reviewed May 2, 2026

      Sometimes it can be hard to get approved for a traditional business bank account, because banks tend to look for a bit more. So, for the ones who have that problem, I highly recommend Lili Bank. The experience has been great. It has been easy since day one. When I applied, it was an easy application. Also, the app is very easy to use. I like how everything is at the fingertips for me. So, everything is easy to navigate throughout the app. When look at my account from my dashboard, it is also settled to be beginner-friendly. When it's a withdrawal coming from my account, I like that I get a notification first. I also like that the bank also helps build your business credit. While doing that, Lili also reports to Bradstreet and Nav.

      When it's time for me to pay my business taxes, the Tax Bucket feature automatically takes out a percentage of every deposit. I love that feature. Even though I haven't used it, I'm also going to love the Schedule C feature. I read up on it. When it's time for me to file my business taxes for next year, that's going to come in handy. When I need to contact customer service, it's quick and easy.

      I run a tax preparation business, so sometimes I have those clients that might have to pay for my service upfront. I love how Lili has the invoice feature. That way, I can go ahead and email my clients over their invoice, they pay, it goes through the Stripe platform, and Stripe does what it does, and it's instantly deposited into my account. You should give Lili a try.

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      Punctuality & Speed

      Reviewed July 11, 2026

      I read a lot of good reviews about Lili. It's a good banking service. Everything is free. When I contacted Lili, they offered a service that no one did, which is a debit card for building your credit for your company. They're great. When you put a check in, it clears, and you're able to use your funds instantly. They have fast turnaround service. They're the best.

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      Punctuality & Speed

      Reviewed July 9, 2026

      I found out about Lili Banking through BusinessRocket. I'm at the beginning, and it's been a couple of months, but it's really slow. It's going well though. Everything that I need is there. But I haven't jumped in head first yet. It's just a side thing and it's very early right now. But so far, so good. For what I'm doing, I've already recommended Lili because it's so simple. It's all you really need because it's just a one-man band type thing.

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      Staff

      Reviewed July 8, 2026

      I came across Lili through the Dun & Bradstreet website. When you sign up and log into their portal, the first thing it asks is if you would like to sign up for a business banking account with Lili. I did and I now have a pre-checking and a debit card with Lili. Lili's service is pretty self-help sufficient. It works good. It's a good online banking platform.

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      Customer Service

      Reviewed July 7, 2026

      I heard about Lili through some online marketing. I've been using them for a couple of months now, and it’s fine. No complaints.

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      Customer ServiceStaffTimeliness

      Reviewed July 6, 2026

      Lili had something that caught my attention by trying to get business funding and doing business credit. Signing up with them went smoothly. I've just been trying to figure out what's going on with direct deposit. I get some payroll stuff coming in, doing business. But it came today. Last time, it came the same day they deposited. So, I had some concerns about that. I spoke with a rep last week and the call went well. They were trying to explain to me how the direct deposit stuff worked. But it's hard to get in contact with Lili today. I've been calling since 9 o'clock, and I haven't gotten in touch with anybody. Overall, my experience has been okay. I like that I can see invoices.

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      PricePunctuality & Speed

      Reviewed July 5, 2026

      I’ve been with Lili for four months now. I did a very quick analysis, and it seemed like, based on the fees they were charging and the services they provided, that it was a good option. The signup process was simple and straightforward. However, I had a couple of issues, and I had to solve them through an AI chat that didn't solve them. It wasn't great. I had a couple of things. You can downgrade your plan directly. You need to put in a request. I had two instances where I needed support, and the support was not great. I'm considering canceling.

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      Sales & MarketingOnline & AppStaff

      Reviewed July 4, 2026

      Using Lili makes it a lot convenient to manage our company's finances with the checking and savings account. I can pay invoices, transfer money, and things of that nature. I love the app. It's great. Everything is right there. You can just click on it and take care of whatever you're trying to do. It's really easy. I'd tell others to go with Lili. I haven't had any problems with them.

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      Customer ServicePunctuality & SpeedRates

      Reviewed July 3, 2026

      When I started my own LLC, we liked that the Lili platform was fairly easy, and that they had a higher interest savings account attached to them. The signup process with Lili was really simple, easy, fast, and painless. I use their service for checking account. Banking with Lili has made it really simple to manage our company's finances. I like that it's all in one place. They handle giving me my "salary" every month and taking out taxes on it. They have made it really streamlined to do all of my business banking. I had somebody that was not me using my card at a Walmart. I didn't know about that. So, I had to call them and tell them that that was not me, and it was really easy and simple. The whole thing was resolved before I hung up the phone.

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      Customer Service

      Reviewed July 2, 2026

      I run a company business, so I'm always on the road. I didn't want a physical bank, like the big banks. I need to be able to access, move my money, and do everything I can from my phone. That's so much more convenient for me. The service at Lili has been pretty good. When I do have issues, the service has been pretty sufficient. You can do the tax bucket, which I utilize. I really like that. You can classify everything right there. You can invoice from it. It's just an all-in-one platform. So, it works out really well for me.

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      Sales & MarketingOnline & App

      Reviewed July 1, 2026

      I needed a business account, and Lili came up. I signed up, and I can't say anything bad about the banking. It's just a standard bank account. Sometimes it's hard if you have questions because you can't speak to someone. It was more like a red flag. Also, it's not a brick and mortar. It's a fintech. However, the chat system was fine when I asked the questions that I needed. In my eyes, it is mandatory to have a second account. Overall, the banking experience hasn't been bad.

      I would still recommend Lili, but in my recommendation, I would tell people to also have a secondary bank account that's a brick and mortar. I would also give them feedback of what my pros and cons are. But overall, Lili is a solid bank in regards to starting out and having a business bank account that's necessary. It serves its purpose. The app is very functional. You can invoice through it.

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      StaffEase of Use

      Reviewed July 1, 2026

      Lili was a suggestion while I was setting up a business and it made sense to click into it and keep things rolling. I went with them in March because of the convenience. It has a couple of accounting tools and it helps keep everything together. So, it’s an all-in-one show. I use the accounting and invoicing backend service that they offer and I also have a business checking account with a card and a business savings account. Lili is simple and easy to use.

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      Reviewed June 30, 2026

      I did a Google search and found Lili. I went with them, and I saw a lot of the features where it separates your finances. I like that feature where the transaction that you make, you can place it into a file, and it separates it. And you can name it.

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      Tech

      Reviewed June 29, 2026

      I've been working with Lili for over 90 days. They said they work for new startups, so that was why I picked them. Everything's been great. Even categorizing my transactions has been great. When I get my direct deposits from my vendors, it goes right to my account. So, that's been great. I am doing the business banking with them. I didn't try to do the credit builder yet, but I'll be trying that within the next 60 days.

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      Sales & MarketingOnline & App

      Reviewed June 29, 2026

      When I signed up, Lili Banking was one of the first things I saw. I was looking to build and establish my credit, and Lili has a lot of great qualities. I've been loving them ever since. They're easy to deal with and I like them. I can go anywhere I want to take money off and the app is very accessible. When I started getting deposits that come on time, it gave me confidence that Lili was the right choice. I'd tell others to sign up with them because they're a really good bank.

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      Contract & TermsPrice

      Reviewed June 28, 2026

      I was starting a business and Lili was free. Since I was starting out, I didn’t want any service fees. It doesn’t have any unless I sign up for the higher tiers but I like that if I want to, I can upgrade and they will put a portion of the money in the savings accounts for taxes. The experience is not bad, though I wish it didn't cost me money to load money into the account. I go to CBS and they want $6 to load the account. I value having a business bank account and anyone considering Lili should look at the benefits and see if they align with their goals.

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      Customer ServiceTechPunctuality & SpeedOnline & AppStaff

      Reviewed June 28, 2026

      I'm trying to build a business, and Lili gave me a better option as far as my banking needs. I read them up through Dun & Bradstreet, and their step-by-step process makes it better for the blue-collar working person. I'm working with the state to try to be able to get contracts but I need certain equipment to make it efficient and right to get the contract to do the work. I've been struggling for about five years, looking to build so I can get funding to purchase a few trucks and some equipment. Lili worked very well at checking out, making sure they ain't fraud and getting me my money, and that I could build business credit and personal credit. I had a couple issues but they called right away and got it straightened out as fast as they could. Their website could be a little bit more helpful though.

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      Billing

      Reviewed June 27, 2026

      Lili's great, except they don't have Zelle. I started a company with Wyoming LLC and Lili's one of the options they suggest. I liked everything they got and the platform they had. It's just most of the payments I have to make are Zelle, and not having Zelle is a real pain.

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      Transparency

      Reviewed June 27, 2026

      I came across Lili online. I made an account and started depositing money in there. Having Lili, there's nothing to worry about. They're secure and it has a tax bracket thing that I really like. My experience with Lili has been seamless, efficient, and up to date.

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      Refunds & PayoutsRates

      Reviewed June 26, 2026

      Lili Banking was rated as one of the highest options for online accounts. I went with them, and I pay for their service to categorize my transactions for business and personal. They have different options that you can pay for for business accounts, as well.

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      Customer ServicePricePunctuality & Speed

      Reviewed June 26, 2026

      A couple months ago, I started my own LLC, and starting it, I needed my own business checking account. I initially tried to go with U.S. Bank, but their onboarding process is horrendous. The second bank that I found was Lili all just by merely Google searching. I did a little investigation, and I decided to go with them. I've had no technical issues. I've had no deposit issues. I've had absolutely no issues with Lili. One of the benefits of having it is my deposits come two days early. Customer service is 5 out of 5. Now, the online tools, based off the personal bank accounts I've had and the business accounts that other people have told me about, I was comparing, if they get charged for these other extensions inside their bank, and it's included with the bank. So, that is the only thing that I have an issue with.

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      Customer ServiceSales & MarketingOnline & App

      Reviewed June 24, 2026

      I wanted to try something new and went with Lili Banking which I had came across online. Managing our company's finances using Lili has been a lot smoother. I use the credit, and I keep track of all my business expenses all in one portal. I like that. Then if I make a purchase, it asks me what the purchase is for, so I could categorize everything in the same system. It sends an email and I can communicate through the app as well.

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      Online & AppStaffRates

      Reviewed June 21, 2026

      I enjoy working with Lili and I'd give them a 4-star rating. I do business banking with them and it's pretty convenient. I have the account that has the $30 a month fee and for what they offer, it's fair. As a business, it kind of helps you get started. I like the accessibility to load the bank from all those many locations and I also like their website.

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      PriceStaff

      Reviewed June 20, 2026

      My husband did a lot of research in helping me decide which online banking and also low cost was best for my business. We went with Lili, and it's integrated well into the business. It's one thing that I don't have to worry about. I haven't had any issues and I give them 5 stars.

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      Billing

      Reviewed June 19, 2026

      My business partner signed us up for Lili, and our experience has been well so far. It works like a normal bank account. It doesn't have a credit card where it has better cashback or points. So, it's just like having a personal checking account. It's been cool so far. Lili is a good banking account. For what I use it for, it gets the job done.

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      Reviewed June 19, 2026

      My company is very new, so we're not actually generating revenue right now. When I was looking up banks, I saw Lili on Google and I got the checking account with them as a precursor to new business coming in. So I'm utilizing it, but I'm not utilizing it to the fullest potential. Other than that, my experience with them has been good and it's pretty easy doing business with them.

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      Lili Company Information

      Company Name:
      Lili
      Website:
      lili.co