Lili Business Account Review
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- Fee
- From $0 per month
- APY
- Up to 4.00%
- Minimum deposit to open
- $0
Our verdict
This account for small business owners automatically sets aside money for taxes and emergency funds.
Lili's business accounts have multiple plan options, including a Free plan. Lili can accept sole proprietorships, LLCs, partnerships, S-corps, and C-corps. Depending on your plan, get access to cashback rewards, software integrations, accounting software, receipt capture, employee debit cards, overdraft protection, a built-in expense tracker and automatic tax savings. Lili also has a savings account with up to 4% APY. However, as a digital account, Lili doesn't have a way to accept cash deposits for free, there's no in-person support or human chat support, and it doesn't support Zelle. And while the Free plan has no monthly fees, it also means barely any features, so you'll need a paid plan for the tax tools, receipt capture and so on.
Best for: Small business owners.
Pros
-
Auto savings for taxes and emergencies, depending on your plan
-
Access to payments up to two days early
-
Tax tools, including pre-filled tax forms on the Lili Smart plan
-
Overdraft protection on its paid plans
Cons
-
Live customer support only available on weekdays
-
Autosave for taxes requires paid plan
Who is Lili best for?
Lili is best for small business owners who want some automated assistance in managing their emergency savings goals.
The overall lack of account fees with the Lili plan can make it an easy account to open and maintain so you can focus on your business. It’s also a great fit for small business owners who might be interested in expanding their business account’s features down the line, thanks to the optional paid subscriptions.
Lili also supports joint accounts, so if your business has multiple owners, all owners can get account access and each can get a debit card.
How much does Lili cost?
Lili has a Free plan and three paid accounts starting at $15 a month. Here’s how they differ:
| Plan | Monthly fee | Features |
|---|---|---|
| Free | $0 |
|
| Lili Pro | $15 | Everything in the Free plan, plus:
|
| Lili Smart | $35 | Everything in the Pro plan, plus:
|
| Lili Premium | $55 | Everything in the Smart plan, plus:
|
What we like about Lili
Lili’s biggest strength is how the account aims to make the life of small business owners easier. This starts by offering minimal fees: owners can open the account with $0 and won’t pay a monthly maintenance, overdraft, account inactivity, bill pay or stopped payment fee. Lili also supports early access to payments, which let you receive payments up to two days earlier than with a traditional bank account.
And since Lili can integrate with accounting software like QuickBooks and Xero, which also have similar bookkeeping tools, you can select the Lili plan that makes the most sense for your business. Lili can also sync with various payroll software, including Gusto, OnPay and Paychex.
Accepts cash deposits
Not always guaranteed with a digital account, you can deposit cash at any retailer in the Green Dot network, for a $4.95 fee. You’ll also get unlimited, free incoming domestic wire transfers, and you can send and receive international wire transfers from 27 countries including Canada, the UK, Australia, the Netherlands and Germany. However, know that international wires must be made in USD.
Savings account
Originally just available for paid members, the Lili savings account offers up to 2.25% or up to 4.00% APY, based on your balance.
For balances under $500,000, you’ll earn up to 2.25% APY on your savings.
For balances between $500,000 and $1,000,000, you can earn up to 4.00% APY on your savings.
While the higher APY does require a significant balance, the 2.25% APY ain’t too shabby.
Set aside cash automatically
Lili’s most notable feature is its automated savings feature, which sets aside a percentage of your paycheck for emergency funds — and future taxes on the Lili Pro plan.
Given the somewhat complex structure of business taxes, this can prove a nice relief for business owners as it provides peace of mind that taxes are accounted for while business owners focus on their work.
Extra perks with paid plans
Lili also offers optional paid subscriptions that start at $15 a month. These accounts come with a few additional accounting features, rewards on eligible Lili debit card purchases, advanced expense tracking, a built-in invoicing tool and more. There’s also an overdraft service called BalanceUp, which allows free overdrafts on up to $200 on purchases.
And with Lili Smart or Lili Premium, you’ll get an Accountant AI that can offer personalized accounting insight based on your bank account and industry trends.
What could be better
A few drawbacks to the account include limited customer support, as they’re only available on weekdays from 9 a.m. to 7 p.m. ET, and there are no live chat options. Lili is also an online banking option, so you won’t have access to in-person support.
Lili’s fees and access
| Type of fee | Fee details |
|---|---|
| Monthly service | Starts at $0 |
| Opening deposit | $0 |
| ATMs |
|
| Overdraft or nonsufficient funds | $0 |
| Wire transfers |
|
| Debit card fees | Lost card: $5.00 after first free replacement |
| Other fees |
|
Compare Lili to similar accounts
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How we picked these
What is the Finder Score?
The Finder Score analyzes and evenly weighs business accounts against multiple factors, including monthly maintenance fees, opening deposits, overdraft fees, wire transfer fees and transaction limitations. We also award accounts that offer extra perks not normally offered, such as annual percentage yield (APY), without penalizing accounts that aren’t interest-bearing.
Customer experience
| BBB accredited | Yes |
|---|---|
| BBB rating | B |
| BBB customer reviews | 2.59 out of 5 stars, based on 56 customer reviews |
| Trustpilot score | 4.7 out of 5 stars, based on 4,320 customer reviews |
| Customer reviews verified as of | 10 August 2026 |
Lili gets pretty good customer ratings; a rarity in this industry. The fintech is accredited by the Better Business Bureau (BBB), and holds a high Trustpilot rating, at the time of writing.
Positive reviews have common threads around general usefulness for managing small businesses, many say it’s a good “starter” account for new business owners, long-time customers say it’s easy to use and they’ve had no issues, and a few say the customer support is knowledgeable.
On the negative side, some report long hold times for phone support, one person mentioned disappointment that Lili doesn’t support Zelle, a handful of people report issues paying bills or struggles to resolve fraudulent charges.
There are several ways to contact Lili:
- Call 855-545-4380 weekdays from 9 a.m. to 7 p.m. ET
- Email support@lili.co
- Facebook: @hellofromLili
- Instagram: @hellofromLili
- LinkedIn: linkedin.com/company/hellofromlili
Business checking account ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Your reviews
Cassidy Finder
Writer
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