Lili vs Found (2026): Which Business Banking App Wins for Freelancers and Solo LLCs?
Lili and Found both target freelancers, solopreneurs, and single-member LLCs with mobile-first business checking, built-in tax tools, and no monthly fees. Lili emphasizes automated expense categorization, tax buckets, and instant invoicing alongside its free checking account. Found positions itself as the all-in-one financial OS for self-employed workers, bundling checking with automatic tax withholding, quarterly estimate calculations, and bookkeeping in a single app. This comparison breaks down pricing, features, tax automation, integrations, and real-world user feedback so you can pick the right banking partner for your LLC or freelance business.
Side-by-side comparison
| Criterion | Lili | Found |
|---|---|---|
| Monthly Fee (Free Tier) | $0 | $0 |
| Premium Plan Cost | $12.99/month (Lili Premium) | ~$20/month (Found Plus) |
| Tax Automation | Manual tax buckets; % auto-save per deposit | Auto-calculates quarterly estimates; customizable withholding per income stream |
| Invoicing & Bookkeeping | Instant invoicing (free tier: 5/mo; unlimited on Premium); basic reports | Unlimited invoicing (Found Plus); full P&L, mileage tracking, receipt capture |
| Integrations | QuickBooks, Xero, TurboTax export | QuickBooks sync, CSV export; emphasis on native app |
| Debit Card Rewards | Up to 1.5% cashback (Premium tier) | None |
| Onboarding Speed | Minutes; instant virtual card | 1-2 business days (identity verification can be stricter) |
| Mobile App Rating (iOS) | 4.8/5 (App Store, 40k+ reviews) | 4.7/5 (App Store, 12k+ reviews) |
How they differ
Both Lili and Found offer free business checking with no monthly maintenance fees, no minimum balance requirements, and mobile-first user experiences designed for solo operators. Lili provides unlimited fee-free transactions, a Mastercard business debit card, and automatic expense categorization paired with a built-in tax savings feature that sets aside a percentage of every deposit. Found takes tax automation further: it calculates estimated quarterly taxes in real time, lets you customize withholding rates per income stream, and integrates bookkeeping and invoicing into the same dashboard. Lili's Premium plan ($12.99/month as of their site) adds features like cashback rewards, unlimited envelopes for goal-based savings, and advanced analytics, while Found's paid tier (Found Plus, around $20/month) unlocks unlimited invoices, receipt capture, and priority support.
On integrations and ecosystem, Lili connects with QuickBooks, Xero, and TurboTax for export, but its core value lies in the native app experience. Found similarly integrates with QuickBooks and offers CSV export, but emphasizes keeping everything in-house: invoicing, mileage tracking, receipt scanning, and tax filing preparation all happen within the Found app. Customer reviews on Trustpilot and the App Store show Lili users appreciate the clean interface and instant card issuance, while Found users highlight the peace of mind from automatic tax withholding — though some note Found's onboarding can be slower due to identity verification steps. Both banks are FDIC-insured through partner institutions (Lili via Choice Financial Group; Found via Piermont Bank), and neither charges overdraft fees or requires a credit check.
The verdict hinges on your tax complexity and workflow preference. If you want a fast, simple checking account with solid expense tracking and optional tax buckets you control manually, Lili is the leaner, faster choice. If you're a freelancer juggling multiple 1099 clients and want the app to auto-calculate and set aside quarterly taxes, handle invoicing, and replace your bookkeeper, Found's deeper automation justifies the slightly higher premium tier cost and onboarding friction.
Practical context: state-specific filing fees — see state-specific filing fees. To understand the underlying step both tools handle, see how the underlying process works.
Pick Lili when
Pick Lili when you want instant account opening, a clean mobile banking experience, and manual control over your tax savings — ideal for side businesses, simple LLC structures, or anyone who already has a tax pro and just needs solid checking with optional cashback rewards.
Pick Found when
Pick Found when you're a full-time freelancer or multi-client 1099 contractor who needs the app to auto-calculate quarterly taxes, handle invoicing and mileage tracking, and replace your bookkeeper — the deeper automation is worth the $20/month premium tier and slightly longer onboarding.
Frequently Asked Questions
What's the main pricing difference between Lili and Found?
Both offer $0 monthly fee business checking at the base tier. Lili's Premium plan is $12.99/month (adds cashback, unlimited envelopes, advanced analytics), while Found Plus is around $20/month (unlimited invoices, receipt capture, priority support). Verify current pricing on each vendor's site before signing up.
Which app has better tax automation for quarterly estimates?
Found has deeper tax automation: it auto-calculates estimated quarterly taxes in real time, lets you set custom withholding rates per income stream, and tracks year-to-date liability. Lili offers simpler tax buckets that auto-save a percentage of deposits, but you manage the calculations yourself. For hands-off quarterly compliance, Found is the stronger choice.
Can I use Lili or Found if I have a multi-member LLC?
Both are designed for single-member LLCs and sole proprietors. Multi-member LLCs should confirm eligibility directly with each vendor; typically, business banks like Mercury or Bluevine are better suited for partnerships and multi-member structures with more complex account permissions.
How fast can I open an account with Lili vs Found?
Lili typically approves accounts in minutes and issues an instant virtual debit card. Found's onboarding can take 1-2 business days due to stricter identity verification. If you need banking access today, Lili is faster; if you can wait for the tax and bookkeeping setup, Found's extra day is a minor trade-off.
Do Lili and Found integrate with QuickBooks or accounting software?
Yes. Lili integrates with QuickBooks, Xero, and TurboTax for transaction export. Found syncs with QuickBooks and offers CSV export, but emphasizes keeping invoicing, bookkeeping, and tax prep inside the Found app. If you rely heavily on external accounting software, Lili's integrations are slightly more open; if you want an all-in-one solution, Found reduces the need for third-party tools.
Authoritative Sources
- https://www.lili.co/pricing
- https://found.com/pricing
- https://www.trustpilot.com/review/lili.co
- https://www.trustpilot.com/review/found.com
- https://apps.apple.com/us/app/lili-business-banking/id1459410867
- https://apps.apple.com/us/app/found-business-banking/id1498149783
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