Lili is a business checking account and technology platform specifically designed for freelancers. It includes totally free business checking, tax tools, a business Visa Debit Card, and an award winning mobile app. We’ll break all of this down in this details Lili review.
How to Get Started With Lili
To open an account with Lili you just need your social security number and about three minutes of time. Believe it or not, Lili actually timed the process it takes customers to open an account. And yes, it came in at about three minutes. In addition, creating an account with Lili will not affect your credit score.
Is Lili legit?
Yes. Founded in 2018 and headquartered in New York City, Lilli is a business online bank account designed specifically for freelancers.
Are my deposits FDIC insured?
Yes. All Lili accounts are FDIC insured by its sponsor bank, Choice Financial Group.
Do I Earn interest on a Lili Account?
You can earn interest on a Lili savings account. This feature, however, is available only to Lili Pro members, which comes with a monthly fee.
Does my business have to have a tax ID to open a Lili account?
No. All that’s necessary is your social security number.
How do I deposit money to my Lili account?
You can deposit money to a Lili account in several ways. First, you can connect your account to Venmo, PayPal or other online platforms to receive direct deposit. You can also transfer money into your account from other linked bank accounts. You can deposit checks by taking a picture of the check with your mobile app. And you can deposit cash at more than 90,000 retail locations in the United States.