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Found vs Lili

Found is a free business banking app with good tax tools, but lacks some basic features. How does it compare to Lili? Read our comparison chart below.

Found is a business banking account for the self-employed. It keeps track of write-offs, auto saves for taxes, and even makes your quarterly tax payments for you. Plus, you get free unlimited invoices. There's no monthly fee.

While Lili is designed for sole proprietors and single-member LLCs. It helps you prepare for taxes with a write-off tracker, automated tax savings, and pre-filled tax forms. The Lili basic account has no monthly fees or minimums.

Compare Found with Lili, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 FoundLili
 Visit SiteVisit Site
 

Found

Lili

SPECIAL OFFER
Free Business Banking for the Self-Employed - Learn More

Read Found Review

SPECIAL OFFER
Free Checking Account for Sole Proprietors and Single-Member LLC - Learn More

Read Lili Review

 

Benefits and Features

SavingsOnly includes a Tax Savings Account with auto-save featureTax Bucket only for all users; Lili Pro users also get an Emergency Bucket
CheckingNo monthly fees; no minimum balane fees; no overdraft feesNo monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees
APY
N/A
N/A
Customer Service
Monday – Friday 9am – 5pm PST
Monday – Friday 9am – 7pm EST
Minimum Deposit to Open
$0
$0
ACH Transfer Fee
$0
$0
ATMsAny ATM that accepts Mastercard; No ATM fees from Found, but owner may charge a fee
38,000+ MoneyPass ATMs
Balance Requirement
$0
$0
Cash Deposit Fee
N/A
$4.95
Incoming Wire Transfer Fee
N/A
N/A
Locations
Online only
Online only
Out of Network ATM FeeStandard ATM fees charged by the owner
$2.50 ($5 for international)
Outgoing Wire Transfer Fee
N/A
N/A
Overdraft Fee
$0
$0
Monthly Fee
$0
$0
 

CreditDonkey® Reviews

 FoundLili
SavingsStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStarStarStarStarStarStar
CheckingStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
FeesStarStarStarStarStar
Pros & ConsPros:
  • No monthly fees
  • Built-in tax tools
  • Unlimited invoicing
Cons:
  • No cash or check deposits
  • No free ATMs
Pros:
  • No monthly fees
  • Expense tracking
  • Save for taxes
Cons:
  • Best features only for Lili Pro
  • No checks
  • Fee to deposit cash
Bottom LineFree business banking app with good tax tools, but lacks some basic features... Read full reviewMixed-use bank account for single business owners to help manage expenses and taxes... Read full review
 Visit SiteVisit Site
Found

Free Business Banking for the Self-Employed

  • $0 monthly service fees or minimums
  • Automatically find tax write-offs and track expenses
  • Auto-save for taxes
  • Free unlimited custom invoices
  • Easy sign up; no credit check
Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard® Debit Card is issued by Piermont Bank, Member FDIC
Found

Found Plus Business Banking

  • $14.99/month, or $95.88/year
  • Automatically find tax write-offs and track expenses
  • Pay taxes directly from the app
  • Photo receipt capture
  • Free unlimited custom invoices
  • Custom bookkeeping categories
Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard® Debit Card is issued by Piermont Bank, Member FDIC
Lili

Free Checking Account for Sole Proprietors and Single-Member LLC

  • Sign up in 3 minutes; no credit check
  • No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at 38,000+ locations
  • Auto save for taxes
  • Track write-offs with a swipe
  • Prefilled annual Schedule C
Banking services provided by Choice Financial Group, Member FDIC
Lili

Free Checking Account for Sole Proprietors and Single-Member LLC

  • $0 monthly service fees
  • $0 minimum opening deposit
  • No minimum balance requirement
  • No foreign exchange fee
  • Get direct deposits up to 2 days earlier
Banking services provided by Choice Financial Group, Member FDIC
Lili

Free Checking Account for Sole Proprietors and Single-Member LLC

  • $0 monthly service fees
  • Categorize and track business expenses
  • Save for taxes automatically
  • Get direct deposits up to 2 days earlier
  • No foreign transaction fees
Banking services provided by Choice Financial Group, Member FDIC

Which is Better: Found or Lili?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Found or Chase.


Articles on Found

Found Business Banking Review

Found Business Banking offers helpful tax and invoicing tools for self-employed people. But it lacks other basic features. Here's what you need to know.

Articles on Lili

Lili Review

Lili offers a free business checking account with tax planning and expense tracking tools. Review the features to find out if Lili is worth it.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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