Customers who've earned $10 or more in interest, from Lili accounts during the tax year, will receive a 1099-INT form through Track1099, a secure online portal. This method ensures confidentiality and ease of access.
Customers will receive an email with instructions on how to access their form through Track1099 by no later than mid-February, ensuring compliance with IRS requirements.
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.