BMO Digital Business Checking vs Lili: which one fits your business?
Side-by-side comparison of BMO Digital Business Checking and Lili — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Lili wins on our scorecard (7.5/10 vs 7.3/10).
| Scored on | BMO Digital Business Checking | Lili |
|---|---|---|
| Right fit for small biz | 8 | 7 |
| Ease of use | 6 | 9 |
| Fees & pricing | 9 | 7 |
| Customer support | 6 | 6 |
| Features | 7 | 8 |
| Monthly Maintenance Fee | $0 | — |
| Minimum Opening Deposit | $100 | — |
| Free Transactions (Monthly) | 200 | — |
| Domestic Outgoing Wire | Approx. $30 | — |
| Cash Deposit Limit (Free) | Up to $3,000 (varies by region) | — |
| Lili Basic Monthly Fee | — | $0 |
| Lili Smart Monthly Fee | — | $25 |
| Cash Deposit Fee | — | Up to $4.95 (Retailer dependent) |
| Savings APY | — | Up to 4.15% |
BMO Digital Business Checking in one paragraph
A reliable, $0-per-month 'real bank' account that is perfect for low-volume service businesses located near a physical branch.
Skip it if: Skip it if you operate a high-volume retail business with over $3,000 in monthly cash deposits or live in a state with no BMO branches.
Lili in one paragraph
Lili is a powerhouse for the solo entrepreneur who hates taxes, but its value diminishes quickly once you hire your first employee.
Skip it if: You need to grant account access to a bookkeeper or business partner, as Lili is built for solo users.
Frequently asked questions
Which is better, BMO Digital Business Checking or Lili?
On our five-axis scorecard, Lili scores higher (7.5/10 vs 7.3/10). Lili is a powerhouse for the solo entrepreneur who hates taxes, but its value diminishes quickly once you hire your first employee.
Who should skip BMO Digital Business Checking?
Skip it if you operate a high-volume retail business with over $3,000 in monthly cash deposits or live in a state with no BMO branches.
Who should skip Lili?
You need to grant account access to a bookkeeper or business partner, as Lili is built for solo users.