Open your Lili Business Checking account online in just a few minutes. This article walks you through who’s eligible, what you need on hand, and what to expect once you apply.

Who can open a Lili Business Checking account?

Lili Business Checking is built for registered U.S. businesses and their owners. 

To be eligible:

• Your business must be formed and registered in the United States.
• You must be at least 18 years old.
• Your business should fall into one of these supported entity types:
  • Single‑member LLC
  • Multi‑member LLC
  • S‑Corp
  • C‑Corp
  • General Partnership
  • Limited Liability Partnership
  • Sole Proprietor with DBA
  • Non Profit organization

Some industries and use cases may not be supported due to regulatory or risk considerations; we may request additional details about how your business operates during review.

If you’re not a U.S. citizen and want to open a Lili Business Checking account, review our dedicated article on international business owners for the specific requirements.

What you need before you apply

Having your information ready makes the application smoother.

For each primary business owner applying, please have:

• Legal first and last name
• Date of birth
• Social Security number
• A U.S. mobile phone number with a major carrier (no VoIP numbers)
• A U.S. residential address (no P.O. boxes or mail‑forwarding services)

For your business, please have:

• Legal business name 
• Business address (the address on file with the state of formation for legal notices; this can be a registered agent address)
• Operational address (physical U.S. address; if you operate from home, you can use your home address)
• Entity type and ownership structure (LLC, corporation, partnership, or sole proprietor with DBA)
• Employer Identification Number (EIN) or SSN, depending on entity type
• Basic business details, such as industry, website (if you have one), and estimated annual revenue

Depending on your entity type and ownership structure, we may also request one or more of the following common business documents:

• LLC: EIN letter, Articles of Organization, Certificate of Formation, or similar state‑filed document
• Corporation: EIN letter, Articles of Incorporation, Certificate of Incorporation, or similar state‑filed document
• Partnerships: EIN letter and a signed Partnership Agreement that outlines partners, roles, and ownership percentages

If we need any of these documents, we’ll let you know in the app, where you can upload clear photos directly from your device.

How to apply

You can apply for a Lili Business Checking account here; the online application usually takes less than three minutes to complete.

At a high level, you will:

1. Start your application
   • Create your secure Lili login with your email and personal password.
2. Tell us about yourself
   • Share your personal details so we can verify your identity.
3. Tell us about your business
   • Enter your business information, including structure and addresses.
4. Submit your application for review
   • Send everything for review in just a few taps.

If we need additional documents or clarification, we’ll let you know by email or directly in the app so you can quickly upload or update anything that’s missing.

There is no minimum balance required to open a Lili Business Checking account.

What happens after you apply

Once you submit your application, our team reviews your information and any documents you provide to confirm your identity, your business, and other owners when applicable.

Typical next steps:

• Application review
  • Many applications are reviewed quickly, but some may take longer if we need more information or if your business structure is complex.
• Requests for additional information
  • If anything needs clarification, we’ll contact you with clear instructions on what to upload or update and where to do it.
• Approval and account access
  • Once approved, you’ll receive an email confirming that your Lili Business Checking account is open and ready. From there, you can sign in, access your account details, fund your account, and start using your Lili Visa Debit Card once it arrives.

If we’re unable to open an account for your business, we’ll notify you. In some cases, you may be able to reapply in the future if your circumstances change.

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.