Lili
Lili mixes a business checking account with a light accounting layer, which is why it keeps showing up in freelancer shortlists. Banking services come through a partner bank with FDIC insurance, and the app splits income into a tax bucket, categorises expenses by IRS style, stores receipts by photo and produces a quarterly tax estimate. Cash can be topped up at retail store networks, something most app only accounts simply cannot do. The entry plan carries no monthly fee, while paid tiers unlock savings with interest, advanced reports and earlier direct deposit.
A sensible pick for freelancers who want tax prep and banking in one place and occasionally handle cash. Not the right tool for multi currency work: transfers abroad are limited, and the account is US only. Anyone comfortable with separate bookkeeping software may find the paid plans hard to justify.
Pros
- Free entry plan with debit card
- Tax bucket and expense categories
- Cash top ups at retail networks
- Receipt capture inside the app
- Early access to direct deposits on paid tiers
Cons
- US residents and US business only
- Weak international transfers
- Paid tiers needed for savings and reports
- No credit line
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