Featured
Lili Standard
Free banking for freelancers.
$0 monthly fees · Visa Business Debit Card
- $0 monthly fees on the Standard plan
- Auto-categorized expenses
- Mobile check deposit
- FDIC insured via Choice Financial Group
Best for Freelancers
Lili Business Banking Review: Banking + tax + invoicing for solo businesses.
Lili bundles business checking, automatic tax savings, invoicing, and bookkeeping into one app — built for freelancers and one-person LLCs.
PickYourBank Rating
9.2/ 10
Excellent
9.2
Overall
9.5
APY
9.6
Fees
9.0
App
9.1
Tools
4.00%
Pro savings APY
Auto
Tax savings
$0
Standard plan fees
$250K
FDIC pass-through
What is Lili?
Built for the one-person business.
Lili is designed for the 60M+ Americans who freelance, contract, or run a one-person LLC — bundling banking, taxes, invoicing, and reports into a single app.
Banking services are provided by Choice Financial Group, Member FDIC, with deposits insured up to $250,000.
Founded
—
HQ
U.S.
Charter
FDIC-insured
Reach
Nationwide
Built for businesses
Sole props, LLCs, S-corps and C-corps welcome
FDIC insured
Funds held at partner banks, insured up to $250K+
Fast onboarding
Open an account online in minutes — no branch visit
Modern dashboard
Invoicing, expenses, virtual cards & integrations
The Lili lineup
Built around what matters most.
Here's what Lili offers and who each product is best for.
Lili Pro / Smart / Premium
More tools as your business grows.
Up to 4.00% APY on Lili Savings
- Tax buckets that auto-save a % of every deposit
- Unlimited invoices + recurring billing
- Bookkeeping + quarterly tax estimates
- Up to 4.00% APY on the Pro savings account
The honest verdict
Pros & cons — no spin
What we love
- Built specifically for solo businesses & freelancers
- Auto tax savings + quarterly estimates
- Free Standard plan with real banking features
- FDIC insured up to $250K via partner bank
Worth knowing
- Best features behind paid Pro/Smart/Premium tiers
- Not a chartered bank
- No business loans or credit products
Getting started
Open a Lili account in under 5 minutes
Step 1
Apply with your EIN
5–10 minutes online — no minimum deposit required for most plans.
Step 2
Verify your business
Upload formation docs (LLC, corp, sole prop) and government ID.
Step 3
Get your account
Receive routing & account numbers, plus a debit card by mail.
Step 4
Connect your tools
Sync with QuickBooks, Stripe, Shopify and start paying vendors.
Lili FAQ
Common questions, clear answers
Is Lili a real bank?
Lili is a financial technology platform that partners with FDIC-insured banks to provide banking services. Your deposits are held at the partner bank and insured up to $250,000.
Are there monthly fees?
Lili's core business checking account has no monthly maintenance fees on the standard plan. Premium tiers with extra features may carry a small monthly fee.
Can I get a debit card?
Yes. You'll receive a physical debit card by mail and can also create unlimited virtual cards for online purchases and subscription management.
Does it integrate with my accounting tools?
Yes. Most popular integrations include QuickBooks, Xero, Stripe, Shopify, PayPal and Square.
Who can open an account?
U.S.-based sole proprietors, LLCs, partnerships, S-corps and C-corps. You'll need an EIN (or SSN for sole props) and a government-issued ID.
Banking + bookkeeping for one-person businesses
If you're a freelancer or solo LLC, Lili's combo of free banking + auto-tax savings + invoicing is one of the easiest setups you can pick.
Advertiser disclosure: PickYourBank.com may receive compensation when you open an account through our links. This never influences our ratings or recommendations.
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