Found Business Banking vs Lili Business Banking
Found and Lili chase the same customer: the self-employed owner who wants banking, bookkeeping, and tax prep in one app. Both ladder from a free tier into paid subscriptions, so the question is whose ladder gives you more at each rung.
| Found Business Banking | Lili Business Banking | |
|---|---|---|
| APY | None on the free tier; 1.50% on balances up to $20,000 with Found Plus | Savings pays 2.25% up to $500k and 4.00% on the portion from $500k to $1M (effective 1/13/2026) |
| Monthly Fee | $0 (free tier) | $0 (Core) |
| Minimum to Open | None | None |
| ATM Access | No Found ATM fees but no fee-free network; cash deposits cost $2 and cap at $4,000/month | Free at 40,000+ MoneyPass ATMs; $2.50 out-of-network plus operator fees |
| Insurance | FDIC insured up to $250,000 through Lead Bank | FDIC insured up to $3 million through Sunrise Banks, N.A. and its sweep network |
| Our Rating | 7.5 | 7.5 |
Where Each Wins
Tax tooling
FoundFound's tax automation is best in class for Schedule C filers, with automatic tax savings, quarterly estimates as you earn, in-app federal tax payments, and 1120/1120-S form generation on Plus. Lili's tax bucket and categorization are solid but shallower.
Yield
LiliLili's savings pays 2.25% up to $500,000 on every plan including free Core, plus 4.00% on the slice from $500k to $1M. Found pays nothing on the free tier and only 1.50% capped at $20,000 behind the $35 Plus plan.
FDIC coverage
LiliLili sweeps to $3 million through Sunrise Banks. Found stops at the standard $250,000 through Lead Bank.
Subscription pricing
LiliLili's tax bucket and overdraft features start at $15 per month on Pro. Found's comparable Plus tier nearly doubled to $35 per month in its latest restructure.
Free tier
FoundFound's free tier includes auto expense categorization, receipt scanning, unlimited invoicing, and contractor 1099 tooling with W-9 collection. Lili's free Core is checking plus savings access, with invoicing and accounting held back for the $35 Smart tier.
Overdraft
LiliLili's BalanceUp gives a fee-free overdraft cushion up to $200 on Pro and up, rare in business banking. Found has no equivalent.
The Verdict
Pick Found if quarterly taxes are the thing you dread. Its free tier is the best bookkeeping-and-1099 toolkit you can get for nothing, and no one matches its Schedule C automation. Pick Lili for everything else: it pays 2.25% on up to half a million dollars from the free plan, carries $3 million of FDIC coverage, and its $15 Pro tier delivers tax buckets and overdraft protection for less than half of Found's price. For most self-employed owners carrying real balances, Lili is the better deal.
Updated 2026-06-11
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