BalanceUp allows a customer to overdraw up to $200 with debit card purchases and no overdraft fees. To preserve eligibility, a customer's Lili account must receive at least $500 in qualifying deposits monthly. Greater use of their Lili account can improve the customer's eligibility for higher BalanceUp limits.
Once the customer is notified that they are eligible, they will need to manually enroll and confirm their interest in allowing their Lili account to have a negative balance.
The Lili Pro customer is in control. If they don't want to use their BalanceUp, they can turn it off at any time from the Main Menu > BalanceUp Menu.
BalanceUp only covers debit card purchases and does not apply to ACH payments, ATM withdrawals or payment apps (Cash App, Venmo, PayPal, etc.) transactions.
Once you have a negative balance, you have 30 days to bring your account current.