Lili review

Lili combines business checking with savings, payments, and financial management tools for small businesses. It is a financial technology company, not a bank; banking services are provided by Sunrise Banks, N.A., a Member FDIC. Lili says accounts can receive up to $3 million in FDIC insurance through a network of sweep program banks.

The free Lili Core plan includes business checking, a Visa debit card, ACH, check and wire payments, savings with up to 4.00% APY on eligible balances up to $1 million, and seven-day customer support. Paid plans add tools such as expense categorization, tax savings allocations, invoicing, accounting reports, and bill payments. Lili also lists a line of credit of up to $250,000 and other financing options. The pricing material does not give credit terms or eligibility requirements, so treat that figure as an advertised maximum, not a guaranteed offer.

The clearest value is that Core costs $0 per month while including a debit card, payment options, savings, and seven-day support. That makes Lili worth considering if you want basic business banking without a monthly subscription. Savings can earn up to 4.00% APY on eligible balances up to $1 million, though the published pricing details do not specify eligibility conditions.

The paid tiers package common admin tasks instead of charging separately for each tool. According to the pricing page, Pro is $15 per month after a 30-day free trial and adds expense categorization, receipt attachments, reports, and automatic tax savings allocations. Smart costs $35 per month after its trial and adds unlimited invoices, payment reminders, financial reports, and bill scanning and payments. Premium is $55 per month after its trial, with a dedicated specialist and a metal debit card. Each paid plan lists a lower price for the first three months: $9, $21, and $33 per month, respectively. One Reddit commenter who uses Lili for e-commerce also reported fast ACH and built-in invoicing; that is one user’s account, not a service guarantee.

Lili is not a bank, and its banking services depend on Sunrise Banks and a sweep network. The advertised FDIC coverage of up to $3 million is not the same as banking directly with Lili, so businesses that want a branch-based relationship may prefer a traditional bank. In one Reddit thread, a user also reported no branches or physical checkbooks; that is an individual account, not a complete list of Lili’s service limits.

The free plan is basic. Expense and tax tools start with Pro at $15 per month; invoicing and bill-payment features listed for Smart require $35 per month, while Premium is $55 per month. Those plans have a 30-day free trial and introductory pricing for three months, but the pricing page publishes no annual rates. The $250,000 credit line is an advertised maximum, and the published information does not publish its rates or qualification rules. BusinessBuild is another cost: after a 30-day trial, it is $18 per month for three months, then $30 per month. If you only want checking, Core may be enough; if you need fuller bookkeeping, the subscription costs add up.

Lili Core is free per month and includes business checking, a Visa debit card, payments, savings and up to $3 million in FDIC insurance through a sweep program. Paid plans start at $15 per month after the listed introductory offers.

• Pro: $15 per month, or $9 per month for the first 3 months. It adds expense categorization, receipt attachments, reports and automatic tax savings allocations.
• Smart: $35 per month, or $21 per month for the first 3 months. The jump from Pro is $20 per month at regular pricing; Smart adds unlimited invoices, accounting reports and bill tools.
• Premium: $55 per month, or $33 per month for the first 3 months. That is another $20 per month over Smart, with a dedicated specialist and metal debit card.

The pricing page lists a 30-day free trial for the paid plans. Annual prices are not published. BusinessBuild is a separate add-on: $18 per month for 3 months after its 30-day trial, then $30 per month. Check the post-promotion price before choosing a tier.

Treat a move to Lili as a business-banking change, not just a software signup. Before redirecting income or payments, list recurring deposits, bill payments, wires and checks that need updating. Lili lists ACH, check and wire payments, but the published material does not explain how it transfers transactions, payees or accounting data from another provider.

Data export options, account-closing steps and any lock-in terms are not published in the published material we have. Confirm those details with Lili before moving records or closing an old account. Lili is a financial technology company, not a bank; banking services are provided by Sunrise Banks, N.A. That matters if you specifically want a bank branch, which Lili does not offer according to our verdict.

The published materials include no Reddit posts, so we can't responsibly say what users report as reasons for leaving. Check export and closure terms directly rather than assuming your records will move cleanly.