Yes. All Lili accounts are FDIC insured by our sponsor bank, Choice Financial Group up to the standard maximum deposit insurance amount of $250,000.
Lili offers a deposit account and a Visa Business debit card.
Lili is a technology company and not a bank. Banking services are provided by Choice Financial Group, Member FDIC. The Lili Visa® Business Debit Card is issued by Choice Financial Group, Member FDIC, pursuant to a license from Visa U.S.A.