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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 featureEmergency Bucket for all users; Lili Pro users also get an Emergency Bucket with 4.15% APY
CheckingNo monthly fees; no minimum balane fees; no overdraft feesNo monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees
Monthly Fee
$0
$0
APY
N/A
N/A
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
Customer Service
Monday – Friday 9am – 5pm PST
Monday – Friday 9am – 7pm EST
Incoming Wire Transfer Fee
N/A
$0
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
 

CreditDonkey® Reviews

 FoundLili
SavingsStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStarStarStarStarStarStar
CheckingStarStarStarStarStarStarStarStarStarStar
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
FeesStarStarStarStarStar
Pros & ConsPros:
  • No monthly fees
  • Built-in tax tools
  • Unlimited invoicing
Cons:
  • No free ATMs
  • No APY with the free version
Pros:
  • No monthly fees
  • Expense tracking
  • Save for taxes
Cons:
  • Best features only for paid Lili plans
  • No checks
  • Fee to deposit cash
Bottom LineFree business banking app with good tax tools, but lacks some basic features... Read full reviewMixed-use account for small 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
  • Photo receipt capture
  • 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

  • $19.99/month or $149.99/year
  • Earn 1.5% APY on balances up to $20,000
  • Auto-import expense from receipt
  • Automatically find tax write-offs and track expenses
  • Pay taxes directly from the app
  • Free unlimited custom invoices
  • Custom bookkeeping categories
  • Priority customer support
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
  • Automatic Savings
  • Get paid up to 2 days early
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
  • Automatic Savings
  • Free withdrawals at 38k ATMs
  • 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.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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