Yes, your Lili account is FDIC insured up to $3,000,000 through Sunrise Banks, N.A., Member FDIC, and Lili's network of program banks.
This is 12× the national standard of $250,000 - giving your business meaningful protection as it scales.
How It Works: The Sweep Network
Lili uses an insured cash sweep program to extend your FDIC coverage well beyond the standard $250,000 limit. Here's what happens automatically:
- Your deposits are held at Sunrise Banks, N.A., Member FDIC - Lili's primary banking partner
- Balances above $250,000 are distributed across a network of FDIC-insured program banks
- Each program bank holds up to $250,000 of your funds - keeping every dollar within the federal insurance limit
- You access all your money through a single Lili account; the distribution happens behind the scenes
No enrollment required. Coverage is automatic from day one.
Your deposits may be allocated among a network of U.S. financial institutions participating in the program. You can review the current list of participating banks at: www.IntraFi.com/network-banks
Coverage at a Glance
| Coverage Type | Amount | How |
| Standard (single bank) | $250,000 | Sunrise Banks, N.A. |
| Extended (sweep network) | Up to $3,000,000 | Distributed across program banks |
The standard FDIC deposit insurance limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. Extended coverage through the sweep program increases total eligible protection to $3,000,000.
What FDIC Insurance Covers
FDIC insurance protects the cash deposits held in your Lili business checking account, savings account, and any sub-accounts — all under your single business identity.
It does not cover investment products, market losses, or fraud.
Lili's Banking Structure
Lili is a financial technology company, not a bank. Your accounts are structured as follows:
- Deposit accounts & Visa® Debit Card - issued by Sunrise Banks, N.A., Member FDIC
- Wire transfer services - provided by Column Bank N.A., Member FDIC
- Sweep network - operated through Sunrise Banks, N.A. and FDIC-insured program banks
All deposits are held at FDIC-insured institutions, not at Lili.
Frequently Asked Questions
Is the $3M coverage automatic?
Yes. Eligible deposits are automatically swept into the program bank network - no action needed on your part.
What does FDIC insurance protect against?
It protects your cash deposits in the event of a bank failure. It is not related to fraud, unauthorized transactions, or Lili's business continuity. For fraud protection, see our
.
What if my balance exceeds $3M?
Funds above $3,000,000 remain at Sunrise Banks, N.A. and are covered up to the standard $250,000 limit at that institution. For balances consistently above $3M, we recommend distributing across additional banking relationships.
Does the $3M apply to all Lili accounts under my business?
FDIC insurance limits apply per depositor, per insured bank. Your Lili checking account, savings account, and sub-accounts are all held under your single business identity at Sunrise Banks, N.A. - so the $3M sweep program covers your total balance across all of them.
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.