Business bank account review

Lili Business Checking

Name: Lili Business Checking
Rating: 3.6

Online business checking from a fintech, provided by Sunrise Banks, with a $0 Core plan, paid plans with bookkeeping and tax tools, and cash deposits at participating retail stores.

By LiliParent company: Lili App Inc.Verified Oct 17, 2026

RTC SCORE

3.6

#11 of 13 with enough data

What we like

Lili Core has a $0 monthly fee, no minimum to open and no fee for overdrafts or standard ACH.
Takes cash at participating retail stores; Lili adds no fee of its own.
Up to $3,000,000 in FDIC coverage through Sunrise Banks and its sweep program banks.

What to watch

Cash is capped at $5,000 per cardholder a month, and each store can charge up to $4.95 per deposit.
Checking accounts pay no interest on any plan.
Outgoing domestic wires cost $15.

How the score breaks down

RTC Score3.6out of 10

Methodology v1.0.0

Data completeness90%

We could verify 90% of the scoring data

Strongest points: How easy the monthly fee is to avoid, Open online, Accounting software it connects to
Weakest point: 12-month cost (reference restaurant)

Score by criterion

12-month cost (reference restaurant)Weight 32%Weakest0.0 out of 10
Where you can deposit cashWeight 10%2.0 out of 10
Cash deposit limitWeight 10%4.0 out of 10
Owner with an ITIN and no SSNWeight 10%4.0 out of 10
Fee to close the accountWeight 10%No data
How easy the monthly fee is to avoidWeight 8%Strongest10.0 out of 10
Accounting software it connects toWeight 6%Strongest7.5 out of 10
Open onlineWeight 5%Strongest10.0 out of 10
Outgoing domestic wire feeWeight 5%5.7 out of 10
Mobile check depositWeight 4%10.0 out of 10

All the data, with sources

Each value links to its source. "Not published" means the vendor doesn't disclose it; "Unconfirmed" means we looked and couldn't confirm it. Data points we have for fewer than four vendors are left out until we can compare them.

Fees
Data point	Value
Monthly fee	$0/moVerified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)Lili Core. Pro is $15, Smart $35 and Premium $55 a month.
How to avoid the monthly fee	No monthly feeVerified Oct 17, 2026Source: Lili (opens in a new tab)
Transactions included a month	N/AVerified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)The Master Fee Schedule has no per-transaction fee; standard ACH and bill pay are $0.
Each transaction over the included ones	N/AVerified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)
Outgoing domestic wire	$15 one-timeVerified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)Same on every plan. Wires are provided by Column N.A.
Minimum opening deposit	$0Verified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)
Other fees	Express ACH 1.5% of the amount (minimum $0.50, maximum $20); ATM withdrawal outside MoneyPass $2.50 ($5 abroad); incoming international wire $15 and outgoing $25 (plus 1% if converted to another currency); each check Lili mails for you $3; express mail $20. No fee for overdrafts, stop payments, returned items, card replacement or dormancy. The BusinessBuild add-on costs extra.Verified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)

Cash deposits
Data point	Value
Accepts cash deposits	YesVerified Oct 17, 2026Source: Lili Help Center (opens in a new tab)Only at participating stores, with your Lili debit card. The agreement says Lili does not take cash in person, by mail or at ATMs.
Where you deposit cash	Retail stores (e.g. Green Dot)Verified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)
Cash deposited free each month	$0/moVerified Oct 17, 2026Source: Lili (opens in a new tab)Lili charges nothing, but the store charges a fee of up to $4.95 on each deposit.
Cash deposit limit	Published capVerified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)
Most cash a month	$5,000/moVerified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)Per cardholder. Lili's sources disagree on the daily limit: the account agreement says $1,500 a day and the plans page says $1,000 per 24 hours; we use the lower one. Some stores have lower limits.

Bank and deposit insurance
Data point	Value
Who holds the money	A fintech, through a partner bankVerified Oct 17, 2026Source: Lili (opens in a new tab)
Bank that holds the deposits	Sunrise Banks, N.A., Member FDIC (wires through Column N.A., Member FDIC)Verified Oct 17, 2026Source: Lili (opens in a new tab)
Most FDIC coverage offered	$3,000,000Verified Oct 17, 2026Source: Lili (opens in a new tab)Through Sunrise Banks and its sweep program banks; the standard limit is $250,000 per bank.

Requirements to open
Data point	Value
What the owners must give	The business's formation documents, its IRS-issued EIN and a valid government photo ID for at least one person with operating control and for any owner with 25% or more. Non-U.S. citizens from 20 supported countries can apply with a foreign passport and EIN, with no SSN, if the business is a U.S.-registered entity (not a sole proprietorship). It does not mention ITIN.Verified Oct 17, 2026Source: Lili (opens in a new tab)
Owner with an ITIN and no SSN	Not published for business checkingVerified Oct 17, 2026Source: Lili Help Center (opens in a new tab)Lili publishes a passport path for citizens of supported countries, but neither its business banking page nor its help articles we could read mention ITIN.
Open online	OnlineVerified Oct 17, 2026Source: Lili (opens in a new tab)

Day to day
Data point	Value
Mobile check deposit	YesVerified Oct 17, 2026Source: Lili Help Center (opens in a new tab)Up to $50,000 a month (agreement, section 3.7).
ATM withdrawals	No Lili fee at 40,000+ MoneyPass ATMs; $2.50 per withdrawal at other U.S. ATMs and $5 abroad, plus what the operator charges. Cash withdrawals are capped at $1,000 per cardholder a day.Verified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)
Accounting software it connects to	QuickBooks, XeroVerified Oct 17, 2026Source: Lili (opens in a new tab)
Interest on the checking balance	None: every Lili checking account is non-interest-bearing. Interest is paid only in the separate Lili Savings Account.Verified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)

Account agreement and closing
Data point	Value
Fee to close the account	UnconfirmedVerified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)The Master Fee Schedule lists no closing fee, but the agreement says closing fees are deducted from the final balance; Lili does not publish an amount.
Minimum term	Month to monthVerified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)No minimum term on Core. Paid plans bill monthly or yearly in advance and renew automatically; a yearly fee is refundable only in the first 10 business days.
Closing clause	You can close the account after paying any fees owed and withdrawing your funds; Lili may ask for written notice. Lili does not return a remaining balance under $5.00, and the agreement says closing fees are deducted from the final balance without listing one.Verified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)
Right to change fees	Lili may amend the agreement, with notice as required by law, and says it will tell you in advance before adding a fee or changing the Master Fee Schedule.Verified Oct 17, 2026Source: Lili / Sunrise Banks, N.A. (opens in a new tab)

Language
Data point	Value
Business pages in Spanish	No data
Support in Spanish	No data

More about Lili Business Checking

How we score