Lili

Lili is a US fintech company, not a bank. Its business checking account is held at Sunrise Banks, N.A., and wire transfers go through Column Bank. The account comes with a Visa debit card, ACH, check and wire payments, a savings account, and FDIC sweep coverage up to $3M. On top of the account, Lili adds small-business finance tools: it categorizes expenses automatically, sets money aside for taxes, and offers bill pay, invoicing and basic accounting. It is built for sole proprietors, freelancers and very small US businesses that want their bank and bookkeeping in one mobile app. Pricing is a monthly subscription in four tiers. Core is free and covers banking only. Pro costs $15 a month and adds expense and tax management. Smart costs $35 a month and adds accounting software, invoicing, bill management and tax savings. Premium costs $55 a month and adds priority support and a metal card. The paid plans are discounted for the first three months and come with a 30-day free trial. A separate BusinessBuild credit-building add-on costs $30 a month. Lili connects to QuickBooks and to other business tools. The main limitation is that the accounting is simple. Lili does not offer full double-entry ledgers, payroll, multi-entity or multi-currency books, so growing companies will still need a separate accounting system. Users also report sudden account closures and funds held during reviews. Lili does not support cash deposits or Zelle.