# Lili vs Bluevine Business Banking

Source: https://nachonacho.com/compare/lili-vs-bluevine-business-banking

Choose Lili if you want business checking paired with tiered savings and built-in bookkeeping; choose Bluevine Business Banking if you want interest on checking, more sub-accounts, and invoicing on a free plan. Both currently offer online business checking, paid upgrades, payment tools, and up to $3 million in FDIC coverage through partner banks. The deciding details are where interest is earned, which financial tools your plan includes, and what the paid plans cost.

## At a glance

| | Lili | Bluevine Business Banking |
| --- | --- | --- |
| Where interest is earned | Lili Savings Account | Business Checking balances |
| Published APY | 2.25% to $500K in savings; 4.00% on the portion from $500K to $1M | 1.3% Standard; 1.75% Plus; 3.0% Premier on eligible checking balances |
| Interest balance limits | No yield on savings portions over $1M | $250K interest cap on Standard and Plus; no cap on Premier |
| Plans and monthly fees | Core $0; Pro $15; Smart $35; Premium $55 | Standard $0; Plus $30 or $0 if waived; Premier $95 or $0 if waived |
| Invoicing | Unlimited invoices on Smart and Premium | Unlimited invoices on Standard, Plus, and Premier |
| Money organization | Savings and tax savings tools | Up to 5, 10, or 50 sub-accounts by plan |
| Accounting tools | Built-in bookkeeping and reporting on Smart and Premium | Accounting sync with QuickBooks Online, Xero, Wave, and FreshBooks |
| Integrations | QuickBooks, Xero, Gusto, Stripe, Square, and Shopify | QuickBooks Online, Xero, Wave, and FreshBooks |
| Payments | Standard and Express ACH; domestic and eligible international wires | Standard and same-day ACH; domestic and international wires |
| Cash deposits | Participating retailers; retailer fees may apply | Green Dot retailers and Allpoint+ ATMs; deposit fees apply |
| Support | Seven-day human support; 24/7 AI assistance | Phone, email, and chat; Premier priority support |
| Platforms and deposit coverage | Web, iOS, and Android; FDIC coverage up to $3M through partner banks | Web, iOS, and Android; FDIC coverage up to $3M through partner banks |

## Which to choose

### Choose Lili if

- Businesses seeking a separate, interest-earning savings account
- Owners who want built-in bookkeeping and tax tools on a paid plan
- Businesses that want seven-day human support

### Choose Bluevine Business Banking if

- Businesses seeking interest on eligible checking balances
- Owners who need invoices on a free checking plan
- Teams that need multiple sub-accounts with dedicated account numbers
- Businesses that can meet the requirements to waive an upgraded plan fee

## Verdict

Lili is the better fit for businesses that want to set money aside in a savings account and use bookkeeping and tax tools within their banking platform; its invoicing and accounting software require Smart or Premium. Bluevine Business Banking is the better fit for businesses that want eligible checking balances to earn interest, multiple sub-accounts, and unlimited invoices on the free Standard plan. Compare the balance tiers and eligibility rules before choosing on advertised APY alone.

## Questions

### Is this comparison worth publishing?

Yes. Lili and Bluevine Business Banking both currently offer applications for online business checking accounts and publish enough plan, pricing, and feature information for a meaningful comparison.

### Which has a free business checking plan?

Both do. Lili Core and Bluevine Standard each have a $0 monthly plan. Paid plans and certain transactions can carry fees.

### Which pays more interest?

It depends on where you keep the money and how much you hold. Lili publishes 2.25% APY on the first $500,000 in savings and 4.00% on the portion from $500,000.01 to $1 million. Bluevine publishes checking APYs of 1.3% on eligible Standard balances, 1.75% on Plus balances, and 3.0% on Premier balances; Standard and Plus cap interest-earning balances at $250,000. APYs are variable.

### Can I invoice customers on the free plan?

Bluevine Standard includes unlimited invoices and payment links. Lili lists its invoicing and accounting software on the paid Smart and Premium plans.

### Which is better for separating payroll, taxes, and operating money?

Bluevine publishes limits of five sub-accounts on Standard, 10 on Plus, and 50 on Premier. Lili offers a savings account and tax savings tools; businesses needing numerous checking sub-accounts should compare their requirements with Bluevine’s published limits.

### Do either of these accounts accept cash deposits?

Yes. Lili supports cash deposits at participating retailers, where retailer fees may apply. Bluevine supports Green Dot retail deposits for $4.95 per deposit and Allpoint+ ATM deposits for $1 plus 0.5% of the deposit.

### Can I use either service with my accounting software?

Lili lists connections with QuickBooks and Xero alongside other business integrations, and its Smart and Premium plans include built-in bookkeeping. Bluevine lists accounting sync with QuickBooks Online, Xero, Wave, and FreshBooks.

### Are Lili and Bluevine Business Banking banks?

Neither company is a bank. Lili says banking services are provided by Sunrise Banks, N.A.; Bluevine says its banking services are provided by Coastal Community Bank. Both advertise up to $3 million in FDIC deposit coverage through their respective partner-bank arrangements, subject to program terms.

## Product pages

- Lili: https://nachonacho.com/product/lili
- Bluevine Business Banking: https://nachonacho.com/product/bluevine