The "Letter of Reinstatement" is for the business registration with the Secretary of State's (SOS) office. Lili will request this document when a customer's SOS filing is showing as "inactive" or "administratively" deactivated because the annual fees have not been paid to the SOS to keep the business registration active.
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.