What information is required during the application process?

When applying for a Lili account, you will be asked to provide the following information:

  • First and Last Name
  • Phone Number
  • Email Address
  • Social Security Number
  • Date of Birth 
  • Personal (Physical) Address

During the signup process, you can also add your business name and the physical address where you operate your business, to your Lili account.

Note: the business address must be the physical address where you operate your business, and not your registered agent's address, which is the address at which legal notices are sent to your business.

The documents that we might request for business verification are:

Single-Member LLC - IRS EIN letter & Articles of Organization
Multi-member LLC - IRS EIN letter & Articles of Organization
General Partnership / Limited Liability Partnership - IRS EIN letter & Partnership Agreement
S-Corp - IRS EIN letter & Articles of Incorporation

If necessary, Lili will reach out to you if we require any further documents, during the application process.

 

 

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.