Lili provides an accessible mobile business checking account with no minimum initial deposit and digital features for managing finances, including spending tracking, tax deductions, savings, and client payments. The service provider was created with freelancers and contractors in mind, but it is now open to sole proprietorships and LLCs with a single member who uses a "doing business as" or DBA.
The company provides a free, fully functional checking account for businesses on the go. Using Choice Financial Group, Lili has access to banking services with FDIC insurance on deposits up to $250,000. The Pro version of Lili's business debit card includes increased ACH and mobile deposit limits, improved company administration capabilities, and cash incentives for card transactions.