Freelance-Friendly Banking

Checking account, taxes, accounting, savings – all in one app!

Meet Lili, the digital bank account designed for freelancers

By combining a checking account with technology to save on taxes and accounting software, Lili is an all-in-one mobile banking app designed to save time and money for anyone who runs a business on their own. Lili is FDIC-insured through their partner bank, Choice Financial, that works the way freelancers do - flexibly. Your account is managed through the Lili app and comes with a Visa Business Debit Card that can be used for free at more than 38,000 ATMs across the country.

Sole Proprietors, with or without DBA, and Single-Member LLCs eligible

It's your money. Keep it.

It’s 2022 – Stop wasting your money on account fees and spend what you need to spend, when you need to spend it. Lili provides a checking account for sole proprietors and single-member LLC (with or without a DBA) with no minimum balance requirement, no hidden fees, fee-free ATM withdrawals at 38,000+ locations, mobile check deposit, competitive spending limits and a Visa Business Debit card with cash-back rewards. Lili offers a standard option with zero monthly fees, and a premium option, Lili Pro, for only $4.99 per month.

Make tax time less painful.

Lili's Tax Bucket feature can automatically set aside a percentage of your income as it comes in so you're never caught off-guard when tax time rolls around. Just let Lili know how much to save, then dip into the bucket when it's time to file.

Track your write-offs with just a swipe (left for personal, right for business, up for a-little-of-both) and watch your estimated tax savings in real time. Your Lili account allows you to separate out your business expenses in real time and sort them by categories used by the IRS. At the end of your quarter, all you have to do is download the auto-generated expense report. With Lili, you’ll never miss or forget a tax write-off ever again.

Accounting done the freelancer way.

Keep the 4 pillars of your business financial health – what you invoice, what you’re paid, what you spend and what you owe – in the same place. With our built-in invoicing software, you can create, send, resend and manage an unlimited amount of invoices wherever you are, directly from the Lili app. Scan and save your receipts and categorize your transactions in real-time and on the go. Seamlessly connect your Lili account with Cashapp, Venmo, Paypal and marketplaces so you can access your money up to 2 days earlier at no extra cost, when transferring via direct deposit. You can also integrate your Lili account with Quickbooks, Freshbooks and other financial softwares using Plaid.

Banking that works when you do.

Lili is always open! You can deposit checks from your phone wherever you are, and deposit your cash at more than 90,000 retail locations (including Walmart, CVS, Rite Aid, and more). Instant notifications can tell you whenever money goes in or out, and the Lili app is loaded with features to give you more insight into your spending habits, tips for finding financial balance, and tools to maximize your tax deductions.

Need More Reasons to Open an Account? Okay!

Here are a couple more bullet points:

• Lili gives you fee-free overdraft coverage up to $200 for those times when your client’s payment doesn’t get processed on time but your bills do.
• Lili gives you 1% APY on your savings (not 0.01% – ONE whole percent!) to help you grow your rainy day-fund, savings toward your next big purchase or middle-of-the-week getaway
• Lili gives you exclusive access to business-focused webinars, tips and tricks to grow and market your business and special offers from our partners.
• Opening a Lili account only takes 3 minutes and won’t have an impact on your credit score.