Is Lili banking legit?

Lili is partnered with Choice Financial Group, Member FDIC, meaning your account is insured up to $250,000. Lili also has strong security features to protect your account like bank-grade encryption and face ID or thumbprint recognition.

How does Lili bank make money?

Lili bank makes money through bank processing fees. The founders have said that they only want to make money when you make money. Lili also charges $4.99/month for Lili Pro.

What bank does Lili go through?

Lili is a banking service, and they use Choice Financial Group to administer and hold funds. Choice Financial group is FDIC-insured, and they also administer your Lili Visa debit card.