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What is Navy Federal Business Checking?

Establishing a business checking and savings account is an essential move for many small businesses, as these accounts act as crucial instruments for promoting development and achieving success. They not only provide dividends but also come with features such as a Navy Federal Business Debit Card, free starter checks, and online banking access. The first thirty non-electronic transactions are complimentary, and after that, there is a fee of $0.25 for each additional transaction, with no limits on the number of transactions. Additionally, these accounts offer attractive interest rates and require a minimum balance of $2,500 to qualify for dividends, making them an appealing option for businesses that can maintain significant deposits and aim for higher returns. They are especially suitable for companies eager to maximize their earnings while still needing convenient access to their cash. Moreover, these accounts enable businesses to achieve optimal dividend rates while enjoying flexibility in fund management. To benefit from the Business Solutions offerings, entrepreneurs must first become members of Navy Federal Credit Union, thereby unlocking a variety of financial resources designed to support their growth and success. This membership not only facilitates access to specialized banking services but also strengthens the overall financial foundation of the business.

What is Lili?

Lili offers a comprehensive financial platform aimed at making financial management easier for small businesses by integrating banking, accounting, and tax functionalities into one solution. By utilizing Lili, users can avoid the hassle of juggling multiple services and instead focus on growing their business while minimizing time spent on administrative tasks. The platform provides online banking with no minimum balance requirements, no hidden fees, and no overdraft charges, along with a free Visa Debit Card. In addition, their BalanceUp feature ensures that any overdraft of up to $200 on the Lili Visa® Debit Card is automatically covered. Customers can easily create their accounts online within minutes, bypassing the cumbersome paperwork common with other banking options. It's important to note that Lili functions as a financial technology company rather than a bank, with banking services being offered through Choice Financial Group and Sunrise Banks, both members of FDIC. The convenience and efficiency that Lili brings can significantly transform the way small businesses handle their financial activities.

Media

Media

Integrations Supported

Apple Pay
Google Pay

Integrations Supported

Apple Pay
Google Pay

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Navy Federal Credit Union

Date Founded

1933

Company Location

United States

Company Website

www.navyfederal.org/services/business/checking-savings.html

Company Facts

Organization Name

Lili

Date Founded

2018

Company Location

United States

Company Website

lili.co/welcome

Categories and Features

Business Bank Accounts

Bank Wires
Bill Pay
Billing & Invoicing
Business Credit Cards
Checking Account
Checks
Expense Management
Instant Payouts
No Fee Payments
Rewards
Savings Account
Spend Management

Categories and Features

Business Bank Accounts

Bank Wires
Bill Pay
Billing & Invoicing
Business Credit Cards
Checking Account
Checks
Expense Management
Instant Payouts
No Fee Payments
Rewards
Savings Account
Spend Management

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