# Lili Business Checking — Lili App Inc.

**Monthly Fee:** Core: No monthly fee · Pro: $15/mo · Smart: $35/mo · Premium: $55/mo (a promotional discounted rate applied to the first 3 months on paid plans at time of research: Pro $9, Smart $21, Premium $33)
**Free Transactions:** Unlimited — no monthly cap on any plan
**Minimum Opening Deposit:** $0
**Entity Types Accepted:** Sole Proprietorship, LLC, Partnership, S-Corp, C-Corp, Nonprofit
**FDIC Insured:** Yes — up to $250,000 per depositor per ownership category (extended up to $3,000,000 through Lili's network of program banks)
**Availability:** All 50 U.S. states
**Apply:** https://bancadia.com/go/lili/business-checking

## Key Features

### Payment Rails
- Standard ACH transfers are free with no per-transaction fee. An early-payment feature allows certain incoming ACH payments to post up to two days before the standard settlement date.
- Same-day ACH (marketed by Lili as "Express ACH") is available for faster transfers at a fee of 1.50% of the transaction amount, with a $0.50 minimum and $20 maximum fee per transfer.
- Outgoing domestic wire transfers cost a flat $15 per transfer regardless of amount, sent via the Lili web or mobile app. Incoming domestic wires are free.
- International wires are available to legal entity customers (LLCs, corporations, and partnerships) in 130+ currencies to 32+ supported countries. Outgoing international wires cost $25 to send in USD, plus an additional 1% conversion fee on amounts sent in a non-USD currency. Incoming international wires cost $15.
- Checks can be mailed to vendors and suppliers directly through the Lili Bill Pay dashboard.
- FedNow: Not supported.
- RTP Network (The Clearing House): Not supported. Neither FedNow nor the RTP Network is confirmed available on this account — Express ACH (same-day ACH) is the fastest payment rail offered.

### Cash Handling
- Cash can be deposited at 90,000+ retail locations nationwide (including Walmart, CVS, and 7-Eleven) through a third-party cash-deposit network. Lili does not charge a fee for this service, but the retail partner charges its own flat fee (reported around $4.95 per transaction) independent of the deposit amount. Deposits are capped at $1,500 per day and $5,000 per month.

### Cards & ATM
- Lili Visa® Debit Card, issued as a digital card instantly upon signup with a physical card to follow, available to the primary account owner and each ultimate beneficial owner (UBO) with full account access. No foreign transaction fee is charged on debit card purchases made outside the U.S.
- Fee-free debit card withdrawals at 40,000+ in-network MoneyPass ATMs nationwide. Out-of-network ATM withdrawals cost $5 per transaction and balance inquiries cost $2.50; the ATM operator may charge an additional surcharge on top of Lili's fee.
- Cardholders on Pro, Smart, and Premium plans can earn cashback at participating merchants through Visa SavingsEdge.
- Premium plan: Exclusive Lili Visa® Metal Debit Card.

### Online Banking
- Web and mobile app banking with team access controls: business owners can invite team members and accountants with role-based, granular permission levels (e.g. bookkeeping-only access, payment approval access, full administrator access) without sharing login credentials.
- Live customer support available 7 days a week, plus 24/7 automated smart assistance.
- Premium plan: Priority customer support with a dedicated account specialist, available 7 days a week.
- Smart and Premium plans: Multi-user account access, allowing more than one team member to actively use the account (beyond the role-based invited-access permissions available on every plan).

### Account Management
- No overdraft fees or non-sufficient funds fees are charged on any plan. Transactions that would overdraw the account are generally declined rather than processed with a fee, unless the account holder is enrolled in BalanceUp (Pro, Smart, and Premium plans only).
- Pro, Smart, and Premium plans: BalanceUp — free overdraft protection covering up to $200 in debit card purchase overdrafts, with no fee charged. Requires at least $500 in qualifying monthly deposits to enroll; any negative balance must be resolved within 30 days.
- Every Lili plan, including the free Core plan, includes access to a linked Lili Savings account with a variable, tiered APY: 2.25% APY on balances up to and including $500,000, and 4.00% APY on the portion of the balance from $500,000 up to and including $1,000,000. There is no minimum balance requirement and no lockup period; interest accrues daily from the first dollar. **This savings account is a separate linked product from the checking account and is not itself interest-bearing** — Lili Business Checking does not earn interest or APY on any plan.
- Business credit ecosystem accessible alongside checking: a line of credit up to $250,000 with fast approval and no impact to personal credit score, additional flexible financing (including SBA and term loans), and an optional BusinessBuild credit-building program run in collaboration with Dun & Bradstreet (first month free, then $18/month for 3 months, then $30/month; not available to sole proprietorships or non-U.S. citizens). These are adjacent lending products, not features of the checking account itself.

### Platform Integrations
- 50+ business integrations including QuickBooks, Xero, Gusto, Stripe, Square, and Shopify for accounting, payroll, and ecommerce synchronization.
- Built-in invoicing software to create, send, and track invoices; automated transaction categorization for bookkeeping; and tax savings tools to set aside funds throughout the year.
- Smart and Premium plans: Accounting Suite add-on — predictive/automated bookkeeping transaction categorization, enhanced profit & loss and cash flow reporting, unlimited invoicing with payment tracking, and bill management with auto-scanning. Core and Pro plans include only basic expense categorization, receipt attachment, and quarterly/annual expense reports.

## Plans & Pricing

### Lili Core (default plan) — $0/month
- Not interest-bearing (checking). Unlocks the linked Lili Savings account (2.25%–4.00% APY) at no cost.
- BalanceUp overdraft buffer: Not included. Visa SavingsEdge cashback: Not included.
- Multi-user account access: Not included. Accounting Suite add-on: Not included.
- Priority support specialist: Not included. Metal debit card: Not included.

### Lili Pro — $15/month (promotional $9/month for the first 3 months at time of research)
- Not interest-bearing (checking). Unlocks the linked Lili Savings account (2.25%–4.00% APY) at no additional cost.
- BalanceUp overdraft buffer: Yes — $200 free coverage. Visa SavingsEdge cashback: Yes.
- Multi-user account access: Not included. Accounting Suite add-on: Not included.
- Priority support specialist: Not included. Metal debit card: Not included.

### Lili Smart — $35/month (promotional $21/month for the first 3 months at time of research)
- Not interest-bearing (checking). Unlocks the linked Lili Savings account (2.25%–4.00% APY) at no additional cost.
- BalanceUp overdraft buffer: Yes — $200 free coverage. Visa SavingsEdge cashback: Yes.
- Multi-user account access: Yes. Accounting Suite add-on: Yes.
- Priority support specialist: Not included. Metal debit card: Not included.

### Lili Premium — $55/month (promotional $33/month for the first 3 months at time of research)
- Not interest-bearing (checking). Unlocks the linked Lili Savings account (2.25%–4.00% APY) at no additional cost.
- BalanceUp overdraft buffer: Yes — $200 free coverage. Visa SavingsEdge cashback: Yes.
- Multi-user account access: Yes. Accounting Suite add-on: Yes.
- Priority support specialist: Yes — dedicated account specialist. Metal debit card: Yes — exclusive Lili Visa® Metal Debit Card.

## Fee Schedule

| Fee Type | Amount | Notes |
|----------|--------|-------|
| Monthly Maintenance | $0 (Core) | Pro $15/mo, Smart $35/mo, Premium $55/mo — see Plans & Pricing above |
| Overdraft | $0 | No overdraft fee on any plan; BalanceUp (Pro/Smart/Premium) adds a free $200 buffer |
| Non-Sufficient Funds (NSF) | $0 | Not charged; consistent with no-overdraft-fee policy |
| Foreign ATM | $5 | Out-of-network (domestic or international); $2.50 for a balance inquiry; free at 40,000+ in-network MoneyPass ATMs |
| Domestic Wire (Outgoing) | $15 | Flat fee per transfer |
| Domestic Wire (Incoming) | $0 | Free |
| International Wire (Outgoing) | $25 (USD) / plus 1% (non-USD currency) | Legal entity customers only (LLCs, corporations, partnerships) |
| International Wire (Incoming) | $15 | — |
| Cash Deposit | $0 (Lili) | Retail partner charges its own fee, reported ~$4.95/transaction; capped at $1,500/day, $5,000/month |
| Stop Payment | $0 | Not published; assumed $0.00 |
| Card Replacement | $0 | Not published; assumed $0.00 |
| Foreign Transaction | $0 | No fee on debit card purchases made outside the U.S. |
| Standard ACH | $0 | Free and unlimited |
| Same-Day ACH (Express ACH) | 1.50% (min $0.50, max $20) | Faster ACH transfer option |

## Eligibility

- Sole Proprietorship
- LLC
- Partnership
- S-Corp
- C-Corp
- Nonprofit
- U.S.-based business required

## Who Is This Account Best For?

### Solo Freelancers and Sole Props Who Want Free Checking Plus an Easy Path to Yield (Core Plan)
A solo freelancer or sole proprietorship running a low transaction volume that wants a genuinely free checking account with no minimum opening deposit and no monthly fee. The free Lili Core plan includes unlimited transactions, QuickBooks, Stripe, and Square integrations for invoicing and client payments, and — without paying anything — unlocks the separate Lili Savings account paying up to 4.00% APY, giving a freelancer an easy way to earn yield on idle cash without opening a second account elsewhere.

### Small Teams Needing Multi-User Access and Better Bookkeeping (Smart Plan)
A growing LLC or partnership with more than one person actively working in the account — a bookkeeper, a co-founder, or an office manager — that has outgrown Lili Core's invite-only role permissions. The Lili Smart plan ($35/month) adds true multi-user account access alongside the Accounting Suite add-on (predictive transaction categorization, enhanced profit & loss and cash flow reporting, unlimited invoicing) and BalanceUp's free $200 overdraft cushion — useful for a business scaling its bookkeeping and payment volume together.

### Established Businesses Wanting Premium Support, a Metal Card, and Access to Credit (Premium Plan)
An established S-Corp or C-Corp that wants a dedicated point of contact and values premium account perks over the lowest possible fee. The Lili Premium plan ($55/month) adds a dedicated priority-support specialist, an exclusive metal debit card, and — alongside the checking account — access to Lili's adjacent business credit ecosystem, including a line of credit up to $250,000 and the BusinessBuild credit-building program run with Dun & Bradstreet.

## Bancadia Verdict

Choose Lili Business Checking if you want a genuinely fee-free checking account with unlimited transactions and a no-cost path to yield through the linked Lili Savings account (up to 4.00% APY) available on every plan, including Core. Upgrade to Pro, Smart, or Premium as your business needs a debit-card overdraft cushion, cashback, true multi-user access, deeper bookkeeping tools, or dedicated support — the checking account's transaction and wire fees stay the same regardless of plan. It is not the right fit for businesses that need FedNow or RTP Network real-time payments, or that want the checking account itself (rather than a separate linked product) to earn interest, neither of which Lili supports on any plan.

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*Data sourced directly from Lili App Inc. Last verified: July 10, 2026.*
*Bancadia earns a commission if you open an account through our links. This does not affect our editorial assessment.*