Lili
- Best for: Freelancers and small business owners who want banking and accounting tools in one app
- What Sets It Apart: Built-in bookkeeping, invoicing, and tax prep on mid-tier plans replaces standalone software; high-yield savings up to 4.00% APY with FDIC coverage up to $3M
- Cost: $0/mo (Core) · $15/mo (Pro) · $35/mo (Smart) · $55/mo (Premium) · $30/mo BusinessBuild add-on after trial
- Features: Business checking + high-yield savings · Built-in bookkeeping and invoicing (Smart+) · Business credit building (add-on)
- Pros: Free plan with real features · Smart plan replaces paid software · Up to 4.00% APY on savings
- Cons: Fees have risen significantly · BusinessBuild costs extra · Premium hard to justify
Just the Tip:
If you’re freelancing or running a small business, your banking app should do more than hold your money. Lili’s mid-tier plans bundle checking, invoicing, bookkeeping, and tax prep in one place, so you can skip the separate software subscriptions and manage your finances without switching between apps.
Lili is a business banking platform built for freelancers, sole proprietors, and small businesses that want more than a basic checking account without hiring an accountant. It offers four plan tiers – Core, Pro, Smart, and Premium – ranging from free to $55 per month, each adding more financial tools on top of the last.
Key Features
- Four plan tiers: Core (free), Pro ($15/mo), Smart ($35/mo), Premium ($55/mo)
- Up to 4.00% APY on savings balances over $500,000; 2.25% APY up to $500,000
- FDIC coverage up to $3M through Sunrise Banks, N.A. and a sweep network
- Built-in invoicing, bookkeeping, and tax prep tools on Smart and Premium plans
- BusinessBuild add-on for business credit monitoring and reporting ($30/mo after trial)
- Fee-free overdraft protection up to $200 on all paid plans
- 40,000+ fee-free ATMs; early direct deposit on all plans
Pros
- Core plan is genuinely useful at $0, with savings earning interest and early direct deposit included
- Smart plan replaces multiple paid software subscriptions with built-in bookkeeping, invoicing, and tax tools
- High-yield savings rate and expanded FDIC coverage are strong for a business banking app
Cons
- Paid plan fees have climbed sharply: Pro is $15/mo, Smart $35/mo, Premium $55/mo
- Premium adds only a dedicated specialist and a metal debit card over Smart, hard to justify at $20 more per month
- BusinessBuild credit program is a separate add-on at $30/mo, not included in any plan
- No cashback rewards program currently offered on any plan
Lili is a solid choice if you want banking, bookkeeping, and invoicing in one place without stitching together separate subscriptions. Smart is the plan most small business owners will get the most from. The accounting and tax tools alone can justify the cost. Just skip Premium unless dedicated support genuinely matters to you.
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