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Lili vs Citibank

Lili is a mixed-use account for small business owners to help manage expenses and taxes. How does it compare to Citibank? Read our comparison chart below.

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. Find out more

While Citibank has over 700 branches across the United States. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

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

 Lili
Member FDIC
 Visit SiteLearn More
 

Lili

Citibank

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

Read Lili Review

OFFER
Checking with Enhanced Direct Deposit - $300 Cash Bonus

Read Citibank Review

 

Benefits and Features

SavingsEmergency Bucket for all users; Lili Pro users also get an Emergency Bucket with 4.15% APY
  • Citi® Accelerate High-Yield Savings: Available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.
  • Citi® Savings: Available in CA, CT, DC, MD, NV, NJ, NY, VA, and select markets in Florida and Illinois.
CD 
Check
CheckingNo monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees
Check
Monthly Fee
$0
 
Money Market 
Check
APY
N/A
 
Minimum Deposit to Open
$0
 
ACH Transfer Fee
$0
 
ATMs
38,000+ MoneyPass ATMs
More than 70,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.
Balance Requirement
$0
 
Cash Deposit Fee
$4.95
 
Customer Service
Monday – Friday 9am – 7pm EST
24/7 Live Customer Service (Telephone)
Incoming Wire Transfer Fee
$0
 
IRA CD 
Check
IRA Money Market 
Check
Locations
Online only
More than 700 Citibank branches (concentrated in New York, Chicago, Los Angeles, San Francisco, Washington DC and Miami)
Out of Network ATM Fee
$2.50 ($5 for international)
 
Outgoing Wire Transfer Fee
N/A
 
Overdraft Fee
$0
 
 

CreditDonkey® Reviews

 Lili
SavingsStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarStarStarStarStarStarEmpty StarEmpty Star
FeesStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
CDStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • No monthly fees
  • Expense tracking
  • Save for taxes
Cons:
  • Best features only for paid Lili plans
  • No checks
  • Fee to deposit cash
Pros:
  • Perks for high balance customers
  • Many fee-free ATMs
  • Global presence
Cons:
  • No free checking option
  • Higher balance requirements
  • Low savings APY
Bottom LineMixed-use account for small business owners to help manage expenses and taxes... Read full reviewLarge national bank best for high balance customers... Read full review
 Visit SiteLearn More

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    Citibank: Pricing information from published website as of 03/15/2024. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

    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: Lili or Citibank?

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

    In short: Lili's checking is outstanding.


    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.

    Articles on Citibank

    Citibank

    Citibank offers banking services and credit cards. But service fees and balance requirements are on the high side. Is it the right bank for you?

    Open a Citibank Account

    Opening a Citi bank account is easy. Take a look at what you'll need, plus find out how to earn a bonus

    Citi Savings Account Interest Rate

    Citibank boasts two savings accounts with varying rates and low fees. But which one should you open? Read on for all the details.

    Citibank Accelerate Savings

    Citi now offers high-yield savings with one of the best interest rate. But it's only available in select markets. Read this review to see if it's good for you.

    Citibank Routing Number

    Looking to transfer money in or out of your Citibank checking or savings account? Find your Citibank routing number and learn about money transfers below.

    Which Do You Think is Best?





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