Brex Banking vs Lili
Choose Brex Banking if your incorporated company wants banking alongside corporate cards, spend controls and treasury; choose Lili if you want small-business checking with a debit card, ATM access and optional bookkeeping tools. Both offer a free entry plan, but their ways of earning a return differ: Brex offers a variable return through an investment account, while Lili offers variable APY on savings.
Last updated October 27, 2026.
At a glance
| Dimension | Brex Banking | Lili |
|---|---|---|
| Eligible businesses | U.S.-registered companies; no sole proprietors | U.S.-registered businesses, including sole proprietors |
| Cards and ATM access | Corporate cards; no ATM access | Visa debit card; free MoneyPass ATM withdrawals |
| Plans and monthly price | Essentials $0/user; Premium $12/user; Enterprise custom | Core $0; Pro $15; Smart $35; Premium $55 |
| How funds earn a return | Investment in a Treasury money market fund | Interest on a business savings account |
| Advertised return | Up to 3.95% variable estimated annual Treasury return | Up to 4.00% variable savings APY |
| Return conditions | Treasury funds only; rate varies by total balance tier | 4.00% APY on savings above $500,000 through $1 million |
| FDIC coverage | Up to $6 million through Vault program banks; not Treasury | Up to $3 million through partner-bank sweep network |
| Payment options | Free unlimited same-day ACH; local-currency payments | ACH, checks, domestic and eligible international wires |
| Built-in finance tools | Bill pay, invoicing and spend controls | Invoicing and accounting on Smart and Premium |
| Named integrations | QuickBooks, Xero, NetSuite and Gusto | QuickBooks, Xero, Gusto, Stripe, Square and Shopify |
| Platforms | Web dashboard and mobile app | Web app and iOS and Android apps |
| Support | 24/7 live support | Live support 7 days a week; 24/7 smart assistance |
Scroll the table sideways to compare each row.
Which should you choose?
Choose Brex Banking if
- Incorporated companies managing employee spending
- Teams wanting corporate cards and payment controls
- Businesses using a separate treasury investment account
- Companies seeking up to $6 million in FDIC coverage through Vault
Choose Lili if
- Sole proprietors and other eligible small businesses
- Owners who need a debit card and ATM withdrawals
- Businesses wanting interest-bearing savings
- Teams considering built-in bookkeeping and tax tools
The verdict
The deciding factor is how your business operates. Brex Banking fits an incorporated team that wants to manage payments and company spending in one platform, particularly if it can use treasury and Vault separately. Lili fits a small business that needs debit-card and ATM access, or wants to add tax and accounting tools as it grows. Compare the eligibility rules and the conditions on each advertised return before opening an account.
Brex Banking vs Lili: common questions
- Can a sole proprietor choose either Brex Banking or Lili?
- No. Brex does not accept sole proprietors for its business account. Lili says it supports sole proprietors with an eligible U.S.-registered business.
- Are Brex Banking and Lili free?
- Both have a $0 entry plan. Brex lists Essentials at $0 per user per month and charges for higher platform tiers. Lili lists Core at $0 per month and offers paid Pro, Smart and Premium plans. Other transaction fees may apply.
- Is Brex’s advertised Treasury return the same as Lili’s savings APY?
- No. Brex advertises an estimated, variable annual return on funds invested in its Treasury money market fund; those funds are not FDIC-insured and can lose value. Lili advertises a variable APY on its savings account, with its 4.00% tier applying to the portion of a balance above $500,000 through $1 million.
- Which offers more advertised FDIC coverage?
- Brex advertises up to $6 million through its Vault program banks, versus Lili’s up to $3 million through its partner-bank sweep network. Brex Treasury investments are not FDIC-insured; coverage conditions apply to both vendors’ deposit programs.
- Can I withdraw cash at an ATM with either account?
- Lili offers free withdrawals at MoneyPass ATMs using its debit card. Brex says its cards do not provide ATM access.
- Which has built-in bookkeeping and tax tools?
- Lili includes accounting software, invoicing and tax-savings tools on its Smart and Premium plans. Brex includes invoicing and bill pay with its business account and offers accounting integrations.
- Do Brex Banking and Lili support international payments?
- Yes, with different published options. Brex advertises payments in more than 30 local currencies. Lili offers eligible international wire transfers, subject to its country restrictions and fees.
- Can I use either service on a phone and a computer?
- Yes. Brex offers a web dashboard and mobile app. Lili offers a browser-based web app and mobile apps for supported iOS and Android phones.