Lili - Small Business Finances

Lili App Inc.

About this app

Lili is a business finance platform that enables small businesses to manage all aspects of their finances in one place. With business banking, smart bookkeeping, unlimited invoices & payments, and tax preparation tools–you’ll always know where your business stands.


BUSINESS BANKING

- Business Checking Account
- Lili Visa® Debit Card*
- Mobile Check Deposit
- Fee-free ATM withdrawals at 38K locations
- Cash Deposit at 90k participating retailers
- Get paid up to 2 days early
- No minimum balance or deposit required
- No hidden fees
- Automatic Savings
- Cashback Awards**
- Fee-free Overdraft up to $200**
- Savings Account with 3.65% APY****


ACCOUNTING SOFTWARE**

- Expense management tools and reports
- Income & expense insights***
- Attach receipts to expenses with a quick photo from your phone
- On-demand reporting including profit & loss and cash flow statements***


TAX PREPARATION**

- Automatic labeling of transactions into tax categories
- Write-off tracker
- Automated tax savings
- Pre-filled business tax forms (including Forms 1065, 1120, and Schedule C)***


INVOICING SOFTWARE***

- Create and send customized invoices
- Accept all payment methods
- Track unpaid invoices and send payment reminders


SUPPORT FOR YOUR BUSINESS

- Lili Academy: Videos and guides that cover all aspects of running a small business
- Free tools, downloadable resources, long-form guides and blog articles
- Discounts on relevant tools from our partners
- Curated newsletters and business-related content


ACCOUNT SECURITY YOU CAN RELY ON

All Lili accounts are insured up to $250,000 through our partner bank, Sunrise Banks, N.A., Member FDIC. Lili business accounts and debit cards are protected by industry-leading encryption software and security protocols, including fraud monitoring and multi-factor authentication. Lili customers receive transaction alerts in real-time, can access their account from mobile or desktop anytime and instantly freeze their card if needed.


LEGAL DISCLOSURES

Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks N.A., Member FDIC

*The Lili Visa® Debit Card is issued by Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. Please see the back of your Card for its issuing bank. The Card may be used everywhere Visa debit cards are accepted.

**Available to Lili Pro, Lili Smart, and Lili Premium account holders only, applicable monthly account fee applies.

***Available to Lili Smart and Lili Premium account holders only, applicable monthly account fee applies.

****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 October 1, 2024. 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.

Ratings and reviews

Used to be a positive experience but since they changed the back-end bank nothing works easily. If you've set up things with Plaid as the connection service it doesn't quite work right since you can't change your ACH information separately in Plaid. Getting PayPal to reconnect has been difficult as well-- even after completing the verification, transfers fail. I'm looking for another bank that I can trust to not make me jump through these hoops.

It's awesome! Super high monthly fee($30.00), but considering this account is a business bank account, It's understandable. Other wise the app is great. No real complaints. Easy to set up payments and invoices. If you are actually looking for a business bank account look no further!

Brand new issue now, for whatever reason our routing number was changed, but that's fine we made the necessary adjustments, however now we are noticing that deposits are coming later and later after having been released so that means it's this bank that's been slacking on job. So not only have we STILL never received our metal card inspite of having the premium membership and paid fees but now we arent even recieving our deposits to our account in a timely manner! This simply won't do!

What's new

Big changes come with small improvements. 💪