Your Tax Bucket is a dedicated space within your Lili Checking account where funds are automatically or manually set aside to cover your business taxes. Every dollar in your Tax Bucket is yours - you can move it back to your Checking Account at any time, in seconds.

What to know before you withdraw

• Funds transfer instantly from your Tax Bucket to your Lili Checking Account.
• There are no fees for internal transfers between your Lili accounts.
• Withdrawing funds does not cancel or affect your automatic tax savings settings. To adjust your auto-save percentage, go to Main Menu then Tax Bucket then Settings.

How to withdraw funds - Web App

1. Sign in to your Lili account at app.lili.co.
2. On the Dashboard, locate the Checking Account window and click Tax Bucket Manage.
3. Below your Tax Bucket balance, click Withdraw.
4. Enter the amount you want to transfer (up to your full Tax Bucket balance).
5. Click Withdraw to confirm.

Funds will appear in your Checking Account immediately.

How to withdraw funds - Mobile App

1. Open the Lili app and tap Main Menu.
2. Tap Tax Bucket. You will be directed to the Tax Bucket hub where your current balance is displayed.
3. Tap Withdraw.
4. Enter the amount you want to transfer.
5. Tap Confirm to complete the transfer.

Funds will appear in your Checking Account immediately.

How to confirm the transfer went through

Once complete, your withdrawal will appear as a transaction in your Checking Account:

1. Open the Lili app or log in at app.lili.co.
2. Navigate to the transactions page.
3. Review your transaction history - the transfer will appear as an internal transfer from Tax Bucket.

If the transfer does not appear within a few minutes, contact Lili Support.

Managing your automatic tax savings

Lili can automatically set aside a percentage of every deposit into your Tax Bucket. Withdrawing funds manually does not turn off this feature. To review or update your automatic savings rate, go to Main Menu then Tax Bucket then Settings.

To add funds manually to your Tax Bucket, see: Can I manually add funds to my Tax Bucket?
 

Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. The Lili Visa® Debit Card is issued by Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. The Card may be used everywhere Visa debit cards are accepted. 

Wire Transfer services are 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.