Relay vs Lili
Relay is an one of the best online business banking accounts for large teams. How does it compare to Lili? Read our comparison chart below.
Relay lets you open up to 20 individual business checking accounts and 50 debit cards at no extra charge. There's also free cash deposits and free mailed checks through the app. There's no monthly fee.
While Lili is designed for sole proprietors and single-member LLCs. It helps you prepare for taxes with a write-off tracker, automated tax savings, and pre-filled tax forms. The Lili basic account has no monthly fees or minimums.
Compare Relay with Lili, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
| Visit Site | Visit Site | |
Relay | Lili | |
|---|---|---|
No-Fee Business Checking - | Free Checking Account for Small Business Owners - | |
Benefits and Features | ||
| Savings | Earn up to 3% APY: Earn 1% APY on savings balances of less than $50,000, 1.5% APY on savings between $50,000 and $250,000, 2% APY on savings balances between $250,000 and $1,000,000 and 3% APY on savings balances of more than $1,000,000. | Emergency Bucket for all users; Lili Pro users also get an Emergency Bucket with 3.65% APY |
| Checking | Up to 20 individual business checking accounts; no monthly fees; no overdraft fees | No monthly fees; no balance requirements; no overdraft fees; no foreign transaction fees |
| Monthly Fee | ||
| APY | ||
| Minimum Deposit to Open | ||
| ACH Transfer Fee | ||
| ATMs | approximately 40,000 MoneyPass ATMs | |
| Balance Requirement | ||
| Cash Deposit Fee | $0 for cash deposits at Allpoint ATMs | |
| Customer Service | Phone: Monday - Friday, 9 am - 5 pm ET; Email: Everyday | |
| Incoming Wire Transfer Fee | ||
| Locations | ||
| Out of Network ATM Fee | ||
| Outgoing Wire Transfer Fee | $5 for domestic; $10 for international | |
| Overdraft Fee | ||
CreditDonkey® Reviews | ||
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| Checking |  | |
| Fees | | |
| Mobile App |  | |
| Customer Service |  | |
| Savings | | |
| Minimum Deposit | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | One of the best online business banking accounts for large teams... | Mixed-use account for small business owners to help manage expenses and taxes... |
| Visit Site | Visit Site | |
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
Free Checking Account for Small Business Owners
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
- Automatic Savings
- Get paid up to 2 days early
Free Checking Account for Small Business Owners
- $0 monthly service fees
- $0 minimum opening deposit
- No minimum balance requirement
- No foreign exchange fee
- Get direct deposits up to 2 days earlier
Free Checking Account for Small Business Owners
- $0 monthly service fees
- Automatic Savings
- Free withdrawals at approximately 40,000 ATMs
- Get direct deposits up to 2 days earlier
- No foreign transaction fees
Which is Better: Relay or Lili?
Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing Relay or Novo.
Articles on Relay
Relay Financial Review
Relay Financial offers online banking services for businesses. Yes, it is free. But, is it the right platform for you? Find out.
Articles on Lili
Lili Review
Lili offers a free business checking account with tax planning and expense tracking tools. Review the features to find out if Lili is worth it.
Which Do You Think is Best?
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