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).

• 0% APY. As with most checking accounts, Lili Checking Account does not pay interest.
• $0 monthly fee. This account does not charge a monthly Service Charge.
• No minimum initial deposit. There is no minimum balance required to open an account.
• No ATM fees. Lili Checking Account does not charge fees on ATM transactions within its network but there is a fee of up to $2.50 for out-of-network ATM transactions.
• ATM fee reimbursements. 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 through Choice Financial.
• Soft credit pull. This bank will not perform a hard credit pull when you open a checking account.

Are business checking accounts from Choice Financial federally insured?

Yes, your Choice Financial business checking accounts are insured up to $250,000 per person 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.

What fees does Lili Checking Account charge?

The good news is that this account does not have a monthly service charge.

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.