Pros
- No SSN required — open with a foreign passport and EIN
- Supported countries include much of Latin America
- $0 Core plan with no minimum deposit
- Savings account up to 2.25% APY on balances up to $500K
- Up to $3M FDIC coverage
- $0 FX fees on debit card purchases
Cons
- International wires cost $25 out / $15 in
- Some add-ons exclude non-US citizens
- Bookkeeping and invoicing tools require paid plans
Lili at a glance
| Monthly fee | $0 Core · $15 Pro · $35 Smart · $55 Premium |
|---|---|
| Minimum balance | None |
| Interest | Savings 2.25% APY up to $500K (variable) |
| FDIC coverage | Up to $3M via Sunrise Banks sweep network |
| ATMs & cash | No fee at in-network ATMs |
| Wires | International: $25 out, $15 in (LLCs and corporations) |
| Non-US owners | Yes — passport + EIN, no SSN; supported countries include Mexico, Colombia, Argentina, Chile, Peru |
Good fit if you are…
- Non-US founders, especially in Latin America
- Owners who want a savings yield without a minimum
Look elsewhere if you are…
- Businesses that send many international wires
Lili alternatives
| Provider | Price | Best for | Link |
|---|---|---|---|
| Mercury | $0/mo | Free wires · non-US founders · startups | Visit Mercury |
| Relay | $0/mo (Grow $30, Scale $120) | Profit First · up to 20 accounts · cash deposits | Visit Relay |
| Bluevine | $0/mo (Plus $30, Premier $95) | Interest on checking · credit line | Visit Bluevine |
| Novo | $0/mo | Simple free account for US-based owners | Visit Novo |
| Found | $0/mo (Plus $35, Pro $80) | Freelancers · built-in tax tools | Visit Found |
| Wise Business | $31 one-time | Multi-currency · getting paid from abroad | Visit Wise Business |
How to get started with Lili
- Get your LLC’s EIN from the IRS.
- Have your Articles of Organization, operating agreement and an ID for each owner ready.
- Apply online on Lili’s site and verify the owners.
- Fund the account and connect your payment and accounting tools.
Lili vs the alternatives
Lili is our pick for non-us owners incl. latin america · savings apy ($0/mo (Pro $15, Smart $35, Premium $55)). If that isn’t your priority:
- Mercury — better for free wires · non-us founders · startups ($0/mo). $0 monthly fee, no minimum balance, no opening fees.
- Relay — better for profit first · up to 20 accounts · cash deposits ($0/mo (Grow $30, Scale $120)). $0 Starter plan with no minimum balance.
- Bluevine — better for interest on checking · credit line ($0/mo (Plus $30, Premier $95)). Interest on checking: 1.3% APY on Standard (with $500 card spend or $2,500 in customer payments a month).
Frequently asked questions
How much does Lili cost?
$0/mo (Pro $15, Smart $35, Premium $55). Monthly fee: $0 Core · $15 Pro · $35 Smart · $55 Premium. Minimum balance: None. Verified October 18, 2026 on Lili’s website.
Is Lili good for an LLC?
The clearest option on this list for Latin American owners of a US LLC: Lili opens remotely with a passport and EIN, no SSN, and supports countries like Mexico, Colombia and Argentina. Good fit: non-us founders, especially in latin america; owners who want a savings yield without a minimum.
What are the downsides of Lili?
International wires cost $25 out / $15 in. Some add-ons exclude non-US citizens. Bookkeeping and invoicing tools require paid plans.
Can non-US residents open Lili?
Yes — passport + EIN, no SSN; supported countries include Mexico, Colombia, Argentina, Chile, Peru.
What are the alternatives to Lili?
Mercury ($0/mo), Relay ($0/mo (Grow $30, Scale $120)), Bluevine ($0/mo (Plus $30, Premier $95)), Novo ($0/mo), Found ($0/mo (Plus $35, Pro $80)), Wise Business ($31 one-time).
Is Lili safe?
Lili isn’t a bank itself; deposits are held at partner banks that are FDIC members. FDIC coverage: Up to $3M via Sunrise Banks sweep network.
How do I sign up for Lili?
1. Get your LLC’s EIN from the IRS. 2. Have your Articles of Organization, operating agreement and an ID for each owner ready. 3. Apply online on Lili’s site and verify the owners. 4. Fund the account and connect your payment and accounting tools.
Rates, fees and eligibility change often. Figures come from each provider’s own site on the date shown; confirm before opening an account. Fintechs are not banks — deposits are held at partner banks, Member FDIC. Verified October 18, 2026. We may earn a commission if you sign up through our links, at no cost to you. How we’re funded.
Your LLC setup checklist
- Get a free EINFrom the IRS, in minutes online.
- Open a business bank accountKeep LLC money apart from yours to protect the liability shield.
- Sign an operating agreementSettle who owns and decides what before it matters.
- Get business insuranceCover what the LLC itself doesn’t protect.
- Plan your taxesKnow your tax status and federal due dates.
- Track state deadlinesFree reminders before each filing.
Everything in one list: printable LLC compliance checklist · live deadline calendar.