Lili - Small Business Finances

10.9K reviews
Content rating
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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 Checking Account
- Visa® Business 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
- Cash Back Rewards**
- Fee-free Overdraft up to $200**
- Savings Account with 4.15% APY****


- 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***


- 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)***


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


- 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


All Lili accounts are insured up to $250,000 through our partner bank Choice Financial Group, 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.


Lili is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC

*Issued by Choice Financial Group, Member FDIC, pursuant to a license from Visa.

**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 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.
Updated on
Dec 6, 2023

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Files and docs, App info and performance, and Device or other IDs
This app may collect these data types
Personal info
Data is encrypted in transit
Data can’t be deleted

Ratings and reviews

10.7K reviews
Liberato G
July 18, 2023
How this app or bank has 4.4 stars ? Do Not Sign Up! Slowest banking I have seen in my life. This is not banking for business but for the cave man. There is no way to cancel once you choose a subscription. Be aware! I could not find a way to go to basic but only a more premium tier. All their transactions take forever to get completed even if you are paying an expensive monthly subscription. Their app does not have as many tools and perks as they claim to have.
21 people found this review helpful
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Lili App Inc.
July 25, 2023
We're sorry to hear about your experience. Lili offers a seamless cancellation process through our customer support. As for transaction speed, although similar to our competitors, we're actively working to improve it. Our app is continually updated with more tools & perks. Two ACH transactions isn't a true test of Lili's capabilities.
Brittany R
June 29, 2023
I've used this account for a few months and up to this point, I've had no complaints. I've been super happy with the account. I even upgraded to the premium account that's $35/ month. And then, I had an issue with an online order I placed. Between the merchant and dealing with Lili's nonexistent customer service, I have no clue what's going on with money that should have been in my account. Some banking services are instant. Nothing is instant or even fast with Lili. Look elsewhere.
4 people found this review helpful
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Lili App Inc.
July 5, 2023
When a merchant credits back funds to a Lili customer's account, the process can take up to 7 days, not including weekends and holidays. We understand that it can be inconvenient however most of this process depends on the merchant and their bank's release of the funds.
Serina Blair
August 4, 2023
I'm enjoying the ease of Lili pro. It's super efficient. I do wish I had the tap and pay feature with my card though. Other con is it sucks when someone pays me in cash and I need to deposit it. I take it to Walgreens (fee) or I just deposit it into my personal and move it over (takes almost a week to transfer though). Other than that, no problem! I'm able to keep track of what I need as an LLC. This is solely my business account. UPDATE: wish it was balance visible after each transaction (math)
1 person found this review helpful
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Lili App Inc.
August 6, 2023
Great to hear that you're enjoying the ease and efficiency of Lili Pro! We understand your desire for the tap and pay feature, and appreciate your input regarding cash deposits and balance visibility after transactions; everything was passed to Lili's Product team. Your comments help us improve, and we're glad Lili is supporting your LLC needs.

What's new

Big changes come with small improvements. 💪