Yes. All Lili accounts are FDIC insured by Lili's sponsor bank, up to the standard maximum deposit insurance amount of $250,000.
Lili offers a deposit account and a Lili Visa® Debit Card plus many additional features like Bill Pay, invoicing software, accounting software, tax preparation, tax savings, transaction categorization and many others. Please check Lili's website for more information.
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.