Lili vs Relay
Lili is a mixed-use bank account for single business owners to help manage expenses and taxes. How does it compare to Relay? 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.
While Relay lets you open up to 20 individual business checking accounts and 50 debit cards at no extra charge. There's also free cash deposits and free mailed checks through the app. There's no monthly fee.
Compare Lili with Relay, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Lili | Relay | |
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Free Checking Account for Sole Proprietors and Single-Member LLC - | No-Fee Business Checking - | |
Benefits and Features | ||
Savings | Tax Bucket only for all users; Lili Pro users also get an Emergency Bucket | |
Checking | No monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees | Up to 20 individual business checking accounts; no monthly fees; no overdraft fees |
APY | ||
Customer Service | Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday | |
Minimum Deposit to Open | ||
ACH Transfer Fee | ||
ATMs | ||
Balance Requirement | ||
Cash Deposit Fee | $0 for cash deposits at Allpoint ATMs | |
Incoming Wire Transfer Fee | ||
Locations | ||
Out of Network ATM Fee | ||
Outgoing Wire Transfer Fee | $5 for domestic; $10 for international | |
Overdraft Fee | ||
Monthly Fee | ||
CreditDonkey® Reviews | ||
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Savings | ![]() ![]() ![]() ![]() ![]() | |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Checking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Fees | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Pros & Cons | Pros:
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Bottom Line | Mixed-use bank account for single business owners to help manage expenses and taxes... | One of the best online business banking accounts for large teams... |
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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
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
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
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Issue up to 50 Mastercard® debit cards to your team
Which is Better: Lili or Relay?
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.