Capital One Business Checking
Waivable monthly fee + unlimited digital transactions + 70,000+ ATMs; cash-friendly near Cap One/Allpoint or Enhanced's $40k/mo design limit
Lili Business Account
Startup/SMB digital checking with $0 Core fee, team access, Green Dot cash, savings APY, and IntraFi sweep to $3M
Costs & Fees
| Metric | Capital One Business Checking | Lili Business Account |
|---|---|---|
| Monthly maintenance | Basic $15/mo; Enhanced $35/mo | Core $0. Pro $15/mo or $144/yr. Smart $35/mo or $336/yr. Premium $55/mo or $528/yr. Subscription fees, not balance-waivable. |
| Fee waiver | Basic: $2,000+ 30- or 90-day avg ledger balance (whichever greater), nonprofit classification, or up to 2 Basic accounts waived if Enhanced open. Enhanced: $25,000+ avg ledger balance. | No balance waiver on paid plans. Occasional new-applicant discounts not in fee table. |
| Transaction fees | Unlimited fee-free digital transactions (mobile deposit, ACH, select bill pay). No per-item fee on checks, ACH, or debit purchases. | Unlimited electronic items on published schedule. Priced extras: Express ACH, outgoing wires, Mail-a-Check, OON/international ATMs, plan subscription. |
| Overdraft/NSF | $35 NSF/OD/Uncollected Funds when transaction would bring balance below $0. Free Overdraft Protection transfer from linked Cap One Business deposit account (does not eliminate $35 if uncovered). | Overdraft fee $0. Returned item (EFT) $0. Deposited-check returned $0. BalanceUp (Pro+ only) is discretionary courtesy pay $0–$200, not guaranteed coverage. |
| ATM fees | $0 at Cap One/MoneyPass/Allpoint. Out-of-network $2 + owner surcharge (no rebate). | MoneyPass in-network $0 Lili fee. OON domestic $2.50 + surcharge. International ATM $5 + surcharge. Intl balance inquiry $2.50. No rebate. |
| Wire/ACH | Basic: incoming domestic $15, outgoing domestic $25, incoming intl $15, outgoing intl $40 FX / $50 USD. Enhanced: incoming domestic $0, first 5 outgoing domestic free then $25, incoming intl $15, outgoing intl $40/$50. Standard ACH $0. | Incoming domestic wire $0. Outgoing domestic $15. Incoming intl $15 + correspondent FX. Outgoing intl $25 + 1% commission on USD principal + correspondent markup. Standard ACH $0. Express ACH 1.5%, min $0.50, max $20. |
Interest & Yields
| Metric | Capital One Business Checking | Lili Business Account |
|---|---|---|
| Checking APY | None — non-interest-bearing on both Basic and Enhanced | None — non-interest-bearing on all tiers |
| Savings APY | Business Savings marketed up to 3.50% APY (promotional; re-check rate page — not checking yield) | 2.25% APY on portion up to $500,000; 4.00% on portion $500,000.01–$1,000,000; 0.00% above $1,000,000. Blended by tranche. All plans including Core. |
| FDIC coverage | Standard FDIC $250,000 per depositor, per ownership category at Capital One, N.A. | Standard FDIC $250,000 at Sunrise Banks, N.A. per depositor per ownership category |
Features & Access
| Metric | Capital One Business Checking | Lili Business Account |
|---|---|---|
| Branch/ATM network | ~260 branches (8 states + D.C.); 60+ Cafés; 70,000+ Cap One/MoneyPass/Allpoint ATMs | No branches. MoneyPass 38,000–40,000+ ATMs for cash withdrawal only. No ATM cash deposit. |
| Mobile app | Google Play ~4.5/5 (~1.7M reviews); iOS ~4.8–4.9 cited (consumer-dominated app) | CreditDonkey Jul 2026: ~4.6 iOS / ~4.1 Android — re-check live stores |
| Virtual cards | Digital debit + employee debit mentioned; granular spend controls unclear on Basic/Enhanced | Digital debit yes; dedicated virtual-card/spend-control suite not disclosed |
| Opening deposit | Not disclosed (commonly $0) | $0 |
| Eligibility | Legal U.S. resident 18+; U.S. street address (no P.O. box). Typical corp, LLC, partnership, sole prop structures. | Sole prop (incl. DBA), LLC, GP, LLP, S-Corp, C-Corp, 501(c)(3) nonprofit. Not B-Corps, non-501(c)(3) tax-exempts, trusts. International: no sole props. |
Pros & Cons
Capital One Business Checking
Pros
- Unlimited fee-free digital transactions on both tiers — ACH, mobile deposit, select bill pay
- 70,000+ fee-free withdrawal ATMs (Cap One/MoneyPass/Allpoint)
- Basic: Cap One/select Allpoint ATM cash deposits don't hit the $5k teller fee bucket
- Enhanced: $0 cash deposits (under $40k/mo), $0 inbound domestic wires, 5 free outbound domestic wires
- Enhanced can carry two Basic accounts at $0 monthly fee; nonprofit Basic waiver
Cons
- Checking pays 0.00% APY
- Branch footprint small (~260 branches) for a big-bank cash business
- Public fee PDF lists $35 NSF/OD — linked-account protection doesn't eliminate fee if uncovered
- No Zelle for Business, native invoicing, multi-currency, or published multi-user controls
- Enhanced not unlimited cash — conversion/closure language at $40k/month
Lili Business Account
Pros
- Core $0 with no min balance and $0 NSF/OD fee (Appendix A, Jul 2, 2025)
- Savings APY 2.25%/4.00% by tranche through $1M on all plans (rate sheet Jan 13, 2026)
- IntraFi sweep advertised to $3M via Sunrise + program banks
- Team/accountant roles and up to five businesses per login without per-seat fees
- Incoming domestic wires $0; debit card foreign-transaction fee $0; intl founder path (passport + EIN)
Cons
- Checking earns 0%; 4.00% applies only to $500k–$1M savings slice
- Cash deposits via Green Dot (retailer fee up to $4.95) capped at $5,000/month per cardholder
- Outgoing wires $15 domestic / $25 + 1% international; Express ACH 1.5%
- Invoicing and bill management require Smart ($35) or Premium ($55)
- No branches, no ATM cash deposit, no published RTP/FedNow or treasury API
Verdict
Capital One Business Checking
Capital One Business Basic ($15/mo, waived at $2,000 avg ledger) and Enhanced ($35/mo, waived at $25,000) are non-interest checking at Capital One, N.A. with unlimited fee-free digital transactions — a structural advantage over item-metered big-bank accounts. Cash splits by tier: Basic gives $5k free teller cash then $1/$1k (ATM cash at Cap One/select Allpoint exempt); Enhanced is $0 cash but designed for under $40k/month. Wires: Basic $15 in/$25 out domestic; Enhanced free inbound and first 5 outbound domestic. Thin branch network but 70,000+ ATMs. Modest software (QuickBooks feed, no invoicing/Zelle). Use Basic for low-balance digital ops; Enhanced for higher balances, wire volume, and two extra Basics.
Lili Business Account
Lili Business Checking is a four-tier digital SMB package from Lili App Inc. with deposits at Sunrise Banks, N.A., wires via Column, cash via Green Dot, and IntraFi sweep to $3M. Core $0; Pro $15, Smart $35, Premium $55 sell software not cheaper banking. Checking 0% APY; linked savings pays 2.25% to $500k and 4.00% $500k–$1M (Jan 13, 2026). ACH and MoneyPass ATM free; outgoing wires $15/$25+1%; Express ACH 1.5%. Team roles on all plans. Strong for digital SMBs and intl founders with U.S. entity; weak for cash-heavy ops and multi-currency treasury.