How do I transfer funds between my Lili account and an external linked bank account?

To transfer funds from your Lili account to an external linked bank account (and vice versa), please follow the instructions below. 

If this is your first time to transfer funds from/to a linked account, you need to connect your external bank account to your Lili account. For instructions on how to do this, please go here. This also applies in case you wish to add another connected account.

To add money to your Lili account from the external bank:

Web App -

  • Add Money > Transfer from a Linked Account 
  • In the screen that opens, select the external linked account from which you want to withdraw funds and add to your Lili account.

Mobile App -

  • Move Money tab > Add Money > Transfer from my Linked Account
  • In the screen that opens, select the external linked account from which you want to withdraw funds and add to your Lili account. 

You will need to list the amount of funds you wish to transfer from the external account, based on your Lili account's allowed ACH Inbound (Linked Account) limits. (For each linked account, you will be prompted only once per linked account to specify if it is a business or individual account.)

The funds are moved between the accounts using an ACH transfer which typically takes between 3-5 business days. 

To send money from your Lili account to an external bank:

Web App -

  • Add Money > Transfer to a Linked Account 
  • In the screen that opens, select the external linked account from which you want to withdraw funds and add to your Lili account.

Mobile App -

  • Move Money tab > Add Money > Transfer to my Linked Account.
  • In the screen that opens, select the external linked account to which you want to transfer funds from your Lili account. 

You will need to list the amount of funds you wish to transfer to the external account, based on your Lili account's ACH Outbound allowed limits. (For each linked account, you will be prompted only once per linked account to specify if it is a business or individual account.) After entering the amount, choose the transfer time: Express ACH (includes a fee) or Standard (free of charge). The Express ACH fee is 1.5% of the transaction amount with a minimum fee of $0.50 and a maximum fee of $20.


Lili supports accounts from the following banks: Bank of America, BB&T, Capital One Financial, Charles Schwab, Citi Bank, Citizens Financial Group, Fidelity, JPMorgan Chase & Co, Navy Federal, Services Group, SunTrust Banks, TD Bank, USAA, Wells Fargo and many more.


Note: both the Lili account and the external account should have the same account owner name or business name.

 

 

Lili is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC. The Lili Visa® Debit Card is issued by Choice Financial Group, Member FDIC, or Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. Please see the back of your Card for its issuing bank. The Card may be used everywhere Visa debit cards are accepted. Wire Transfer service provided by Column Bank N.A., Member FDIC. All wires are subject to acceptance criteria and risk-based review and may be rejected at the sole discretion of Column Bank N. A. or Lili App Inc.