Last Updated: 04/18/2025
SuperMoney User Recommendation Score +71
Strongly recommended7 total votes
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Highlights
Community Rating
Strongly recommended
Monthly Maintenance Fee
$0(Verified 03/19/2025)
ATM Fee: Out-of-Network (within the U.S.)
Starting at $2.50
Minimum Average Balance to Avoid Monthly Service Fee
N/A
APY (Annual Percentage Yield)
0%(Verified 06/21/2024)
Number of Reviews
Lili Checking Account Review
Lili Checking Account is offered by Choice Financial, a bank founded in 1934 and based in New York, NY. Lili Checking Account is available in 50 states and Washington, DC.
Key Takeaways
- 0% APY. As with most checking accounts, Lili Checking Account does not pay interest.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. Lili Checking Account does not charge fees on ATM transactions within its network but there is a fee of $2.5 for out-of-network ATM transactions .
- ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
- Bill pay. Pay your bills to practically anyone in the United States when you enroll in Choice Financial mobile or online banking.
- Soft credit pull. Choice Financial will not perform a hard credit pull when you open an account.
Lili Checking Account Pros & Cons
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Lili Checking Account FAQ
Are business checking accounts from Choice Financial federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC #9423). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does Lili Checking Account offer?
Lili Checking Account is not an interest-bearing account.
What are the account minimums for Lili Checking Account?
Lili Checking Account does not require a minimum initial deposit.
| Description | Amount |
| Minimum Initial Deposit | $0 |
What fees does Lili Checking Account charge?
The good news is that this account does not have a monthly service charge.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network (within the U.S.) | Starting at $2.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Early Account Closure | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Replacement Fee (Standard Delivery) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bank Teller Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Cashing Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Image Service | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Copy | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | Starting at 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Incoming) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (International) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does Lili Checking Account offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
- Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
- Fraud monitoring - Lili Checking Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Lili Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
- Soft credit pull - Lili Checking Account performs a soft credit pull so you can check whether you qualify without hurting your credit.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Lili Checking Account
Hours of Operation
SundayClosedMonday8:00AM - 6:00PMTuesday8:00AM - 6:00PMWednesday8:00AM - 6:00PMThursday8:00AM - 6:00PMFriday8:00AM - 6:00PMSaturdayClosed
Other Services by Choice Financial
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +71, or 4.4 on a 5-point rating scale.
+71
-1000+100
No one recommends
Everyone recommends
Lili Checking Account Community Reviews
Would you recommend Lili Checking Account to your friends?
JC
Jasmine C.
Apr 7, 2022
May or may not recommend
This bank has been giving me issues since the beginning someone hacked into my account took my money and every time I call them they either hang up on my face with the automatic system or the customer service just yells at me. This has been since December when I open my account I have not gotten any help from none of their customer service agents and like I said ...Show More
Marissa And Alonso G.
Dec 26, 2020
May or may not recommend
Great way to build your own business and get your hands on A credit builder
MO
Micheal O.
Dec 23, 2020
May or may not recommend
Lili Checking Accounts is the perfect financial account for small business owners and freelancers like myself!
Their services are of high quality, with their easy-to-use app. Very professional! I would happily recommend Lili Checking Accounts to anyone looking to open a new bank account with little or no fees.
YE
Yusuf E.
Dec 16, 2020
May or may not recommend
I have always had to buy money order before I came across Lili checking account which has made it easy for me to pay by check or through online bill pay, the icing on the cake is how cheap it is compared to the money order I have always bought before I came across Lili checking account.
NM
Na'im M.
Dec 15, 2020
May or may not recommend
For starters, I'd just like to laud some of the immense benefits associated with Lili! As a proud debit card user, I frequently take advantage of Lili's broad appeal to freelancers and small business owners, swathes of whom are currently working remotely. This checking account also contains no fees, enabling even the novice freelancer to utilize the groundbreaking service with a profoundly high degree of assurance that is not found ...Show More
TM
Tommy M.
Dec 13, 2020
May or may not recommend
I thought that the best thing to do to return a favor is to promote the high-quality service that Lili Checking Account Business Checking Accounts has and give them a positive review. That is the least I can do, of course. They provide a warm atmosphere whenever I'm trying to get money off of my card and I love it! I highly recommend,
Mady H.
Dec 10, 2020
May or may not recommend
Lili offers a great checking account for my small business. What makes them unique is their niche- they specifically offer services for freelancers like myself! Their app is easy to use on the go, and they do not require a minimum balance. They also offer quick deposit. They are a great company to work with, and I'd recommend their services to anyone looking to open a new account or make ...Show More
Showing 7 of 7 reviews