# Lili - Business Banking — Banking for small businesses

> Integrated business banking, accounting, tax, credit, and invoicing for small businesses. (iPhone/iPad app by Lili Financial Services LTD.)

- Source: https://appshunter.io/ios/app/lili-business-banking/id1447800744 (this page in markdown: same URL + `.md`)
- Developer: [Lili Financial Services LTD](https://appshunter.io/developer/1447800743)
- Category: Finance, Business
- Price: Free
- Rating: 4.60/5 from 6,946 App Store ratings · 210 written reviews indexed
- Age rating: 4+
- Requires: iOS 16.0 · 101 MB
- Languages: American English
- Released: 2019-05-24
- Data updated: 2026-08-29
- Monetization: free with in-app purchases
- User reviews in markdown: https://appshunter.io/ios/app/lili-business-banking/id1447800744/reviews.md

## What is Lili?

Lili is an award-winning online business banking platform built for growth-ready small businesses in the U.S. High-performance business banking with fast payments, high-yield savings, business credit, and exceptional support, Lili provides the financial foundation businesses rely on from day one through higher-revenue, multi-employee stages.

ADVANCED BUSINESS BANKING
• High-Speed Payments - Express ACH, domestic & international wires [2], and expedited check deposits [6]
• Up to 4.00% Annual Percentage Yield (APY) on savings - Daily earnings, no lockups [4]
• $3M FDIC Insurance – Expanded coverage via sweep network [8]
• Access to Business Credit – Flexible terms, fast decisions [5]
• Seamless Integrations – Connect with QuickBooks, Xero, Stripe, Shopify, Gusto, and more
• Team Access – Add members and accountants with permissions
• 7-Day Live Support – Reliable help when you need it

HIGH-YIELD BUSINESS SAVINGS
• Earn up to 4.00% APY on your business savings [4]
• Daily earnings with no lockups or penalties
• No minimum balance requirements

HIGH-SPEED PAYMENTS, BUILT FOR SCALE
• Express ACH and expedited check deposits for faster access to funds [6]
• Domestic and international wires with limits designed for higher volume
• Reliable money movement to support day-to-day operations as your business grows

ACCESS TO BUSINESS CREDIT (LINE OF CREDIT) [5]
• Get a business line of credit up to $250,000 [5]
• Apply in as little as 3 minutes, with no impact to your credit score to apply
• If approved, funds available as soon as the next business day
• Flexible, revolving credit - draw, repay, and reuse as cash flow cycles
• Clear, predictable costs, with fixed fees only on the amount you use

SUPPORT YOU CAN RELY ON
• Live customer support available 7 days a week
• Smart 24/7 assistance for fast answers
• Educational resources and tools for growing businesses
• 83% of customers rate Lili support 9 or 10 out of 10 [7]

ADVANCED SECURITY & PROTECTION
Lili accounts are insured up to $3 million through a network of FDIC-insured sweep program banks [8]. 
Your funds and data are protected with industry-grade encryption, fraud monitoring, multi-factor authentication, real-time alerts, and instant card controls—available anytime via web or mobile.

LEGAL DISCLOSURES 
Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks N.A., Member FDIC.
[1] The Core banking account has no monthly fee. Monthly fees apply to the Pro, Smart, and Premium accounts.  
[2] International wire transfers are only available to legal entity customers (LLCs, corporations, and partnerships). Transfers can be made to and from select countries. Please check your app for the most up to date list. Fees apply. Learn more here Sunrise Banks Account Agreement.  
[3] Available to Lili Pro, Smart, and Premium account holders only; monthly account fees apply.  
[4] The APY for the Lili Savings Account is variable and subject to change. As of January 13, 2026, 2.25% APY applies to balances up to $500,000. Balances over $500,000 and up to $1 million earn 4.00% APY. Balances above $1 million do not earn interest.  
[5] Access to capital is provided by partners that offer business loans or lines of credit. Lili is not a bank or lender. Underwriting required. At least 3 months in business and $30K in revenue required to apply.  
[6] Expedited availability of funds is based on individual circumstances.  
[7] Figures based on a Lili survey conducted between January 1, 2025 to January 1, 2026. Information available upon request.  
[8] FDIC insurance only covers the failure of an FDIC insured bank. The standard FDIC deposit insurance limit is $250,000 per depositor, per FDIC insured bank, per ownership category through Sunrise Banks, N.A and the sweep program banks. See Sunrise Banks Account Agreement and Addendum to Sunrise Banks Account Agreement.

## Key features

- Business checking account
- Smart bookkeeping tools
- Tax preparation features
- Credit building program
- Professional invoicing
- Expense tracking and reports

## What do users think of Lili?

Overall sentiment: negative

**Pros**

- 💰 Helpful for managing business and personal finances
- 🗂️ Useful for categorizing expenses and tracking tax savings
- 🚀 Convenient and easy to use app
- 🤑 No monthly fees

**Cons**

- 🤖 Poor customer service and lack of responsiveness
- 🔒 Security concerns with account access and information
- 💳 Issues with debit card functionality and activation
- ⏳ Slow money transfers and account access
- 🙅‍♀️ Accounts being closed or restricted without explanation

**Commonly reported bugs**

- Inconsistent mobile deposit functionality
- Incorrect account balance and transaction reporting

**Most requested features**

- Instant transfer options between accounts
- Ability to easily downgrade subscription plans
- Support for linking to other payment platforms
- Improved dispute resolution process

## Recent user reviews (10 of 210)

All indexed reviews: https://appshunter.io/ios/app/lili-business-banking/id1447800744/reviews.md

### 3/5 — Physical card

*2026-08-11, version 26.8.1*

Wish they provided a physical card.

### 1/5 — They have payment issues

*2026-08-03, version 26.7.1*

I had to wait a whole extra week because they have direct deposit payment issues. This is the worst bank a business can have

### 1/5 — Do Not Trust Them

*2026-06-09, version 26.6.1*

I am a very new business owner. I do realize, I am going to make mistakes. However, instant transfers (despite the .50 instant transfer fee) are not instant. They still take 3 days? I do not have any of the money I made, it is in pc limbo who knows where. They do not even know how to communicate with their clients they are servicing, no one has any information because I am online through my banking establishments. I mean thank heavens it was only a small sum of money, but now my family and I cannot even get the basics. I am so disheartened by the lack of integrity in this world.

### 1/5 — stay AWAY Scam Bank

*2026-06-05, version 26.5.3*

their app glitches and so foes their site and you cannot pay your credit card and they ruin your credit score. they won't close my acct. SCAM BANK.

### 2/5 — Wouldn’t recommend

*2026-05-11, version 26.4.5*

It works but, the acc to acc transfers take over a week do process. In my opinion that is crazy, I’m switching to Wells Fargo.

### 5/5 — Love Lili!

*2026-04-27, version 26.4.5*

I honestly can’t imagine what I’d do without Lili! It does all the organizing and keeping track for me!

### 2/5 — Account since 2021

*2026-04-17, version 26.4.2*

I have had an account since March 2021 . I had to file a dispute for over $3800 for Apple Pay . They did not honor the dispute after I provided proof . So I lost $3800 after providing proof . This is such a joke . Paying $35 a month just to be cheated out of my money.

### 1/5 — Does not work/ open

*2026-03-29, version 26.3.1*

I have tried everything, this app doesn’t open, only works on my desktop

### 5/5 — Easy option for small biz

*2026-03-19, version 26.2.4*

Makes sorting costs into appropriate categories very easy. 

Easy to send wires

### 5/5 — Love it!

*2026-03-18, version 26.2.4*

It’s easy to use and makes being able to track my business expenses super easy. I also love the look and feel!

## Frequently asked questions about Lili

### What does Lili do?

Lili is a comprehensive business finance platform designed for small business owners. It integrates business banking, smart bookkeeping, tax preparation tools, credit building features, and professional invoicing capabilities into a single application.

### What are the key features of Lili?

Key features include a business checking account with no minimums, a Lili Visa® Debit Card with cashback rewards, a savings account earning interest, integrated accounting tools for expense tracking and reports, simplified tax preparation with auto-categorization and write-off tracking, a credit building program, and professional invoicing tools.

### Is Lili free to use?

Lili offers a free tier with basic features. However, certain advanced features like real-time expense tracking, custom reports, profit & loss statements, and pre-filled tax forms are available with Lili Pro, Smart, and Premium accounts, which have monthly fees.

### What kind of businesses is Lili suitable for?

Lili is built for small business owners, including freelancers, independent contractors, and entrepreneurs who need to manage their business finances efficiently. The BusinessBuild program is available to all Lili Accounts except sole proprietorships.

### How does Lili help with taxes?

Lili simplifies tax preparation by automatically categorizing transactions by tax type. It includes a built-in write-off tracker and tax savings tools. For higher-tier accounts, it offers pre-filled tax forms like 1065, 1120, and Schedule C, making tax season less stressful.

## Version history (last 5 releases)

### 26.8.2 — 2026-08-16

bug fix

### 26.8.1 — 2026-08-11

bug fixs

### 26.7.1 — 2026-08-02

bug fix

### 26.6.2 — 2026-07-01

bug fixes

### 26.6.1 — 2026-06-09

bug fix

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-29.*