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 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.