About
Lili is a financial technology platform purpose-built for small businesses, offering a comprehensive suite of banking and financial management tools without the friction of traditional banking. At its core, Lili provides a business checking account with a Visa® Debit Card, no monthly fees on the Lili Core plan, and seamless money movement via Express ACH, domestic and international wires in 130+ currencies, and expedited check deposits. Beyond checking, Lili offers high-yield savings accounts earning up to 4.00% APY on balances up to $1M with no minimums or lockups, plus expanded FDIC insurance coverage up to $3M through its sweep network. A fully integrated business credit program — built in collaboration with Dun & Bradstreet — helps businesses build, monitor, and optimize their credit profiles, with a secured credit card and real-time alerts. Lili's built-in financial tools further streamline operations: create and send invoices, pay vendors via Bill Pay, auto-categorize transactions for cleaner bookkeeping, and set aside tax savings throughout the year. Business integrations connect Lili with popular accounting, payroll, and ecommerce platforms. Multiple pricing tiers let businesses choose the right feature set as they grow. Lili is ideal for freelancers, solopreneurs, and growing small business teams looking for a modern, low-cost banking alternative.
Key Features
- High-Yield Business Savings: Earn up to 4.00% APY on savings balances up to $1M with no minimums, no lockups, and daily earnings.
- Business Credit Building: Integrated credit monitoring and building program in partnership with Dun & Bradstreet, including a secured business credit card and real-time profile alerts.
- Smart Bookkeeping & Invoicing: Auto-categorize transactions, create and send invoices, pay bills, and set aside tax savings — all from within the Lili dashboard.
- Fast & Flexible Payments: Move money with Express ACH, domestic wires, expedited check deposits, and international wires in 130+ currencies.
- Expanded FDIC Insurance: Protect working capital balances up to $3M through Lili's FDIC-insured sweep network via partner bank Sunrise Banks, N.A.
Use Cases
- A freelance designer opens a Lili Core account to separate personal and business finances, use invoicing tools, and earn high-yield interest on client payments — all with no monthly fees.
- A small ecommerce business uses Lili to send international wires to overseas suppliers, auto-categorize transactions for quarterly bookkeeping, and build its business credit profile using the Dun & Bradstreet-powered tools.
- A growing startup parks its working capital in Lili's high-yield savings account earning 4.00% APY while keeping operating funds in the checking account for day-to-day expenses.
- A sole proprietor uses Lili's tax savings feature to automatically set aside a percentage of income throughout the year, reducing stress and surprises at tax time.
- A small service business owner connects Lili to their accounting software to maintain clean books, sends invoices directly from the platform, and monitors vendor payments via Bill Pay.
Pros
- No Monthly Fees on Core Plan: The Lili Core plan has $0 monthly fees, making it accessible for early-stage businesses and freelancers managing tight budgets.
- All-in-One Financial Platform: Combines banking, savings, credit building, invoicing, bookkeeping, and tax tools in a single platform, reducing the need for multiple subscriptions.
- Industry-Leading Savings Rate: Up to 4.00% APY with no lock-ups is highly competitive compared to traditional business savings accounts.
- Fast Setup & Easy Integrations: Designed for quick onboarding and seamless connections to popular accounting, payroll, and ecommerce tools businesses already use.
Cons
- Not a Direct Bank: Lili is a fintech company, not a bank. Banking services are provided by Sunrise Banks, N.A., which may be a concern for businesses that prefer working directly with a chartered bank.
- Advanced Features Require Paid Plans: Access to premium tools such as higher savings tiers, advanced credit features, and expanded integrations requires upgrading beyond the free Core plan.
- U.S.-Only Banking Services: Lili's banking accounts are available to U.S.-based businesses only, limiting its use for international or globally distributed teams.
Frequently Asked Questions
Is Lili a real bank?
Lili is a financial technology company, not a bank. Banking services, including FDIC-insured accounts, are provided by Sunrise Banks, N.A., Member FDIC.
How much can I earn in savings with Lili?
Lili offers up to 4.00% Annual Percentage Yield (APY) on savings balances up to $1M, with no minimums or lockup periods and daily earnings.
Does Lili charge monthly fees?
Lili Core, the entry-level plan, has $0 monthly fees. Higher-tier plans with additional features are available at a monthly cost. There are no hidden fees.
How does Lili's business credit building work?
Lili offers an integrated credit-building program in collaboration with Dun & Bradstreet. It includes a real-time credit monitoring dashboard, a secured business credit card, and educational resources to help you build and optimize your business credit profile.
What integrations does Lili support?
Lili integrates with popular accounting, payroll, and ecommerce tools to sync your banking activity. Specific integrations can be found in the Business Integrations section of the platform.
