Lili vs Tomorrow
Side-by-side comparison — pricing, features, ratings, use cases. Find which Neobanks fits you best.
🔍 Independently researched ·
📊 Data-driven
· ⭐ Ratings from G2 (real user reviews)
38/100
Free tier
Individual freelancers, independent contractors, and self-employed solo business owners in the US who want a fee-free, t
💰 Pricing
🆓 Free tier available
Limited to 50 expense categories; no custom categories; standard support
Fee notes:
- No monthly account fees on either tier
- No ATM fees for withdrawals at in-network ATMs (over 30,000 fee-free ATMs)
- Out-of-network ATM fees: $2.50 per transaction
- International ATM withdrawal: 1% conversion fee plus out-of-network fee
- International purchases: 1% foreign transaction fee
⚠ Watch for:
- Foreign transaction fee of 1% on non-USD purchases
- ATM fees for out-of-network and international withdrawals
- Wire transfer fees for domestic and international wires
- Potential fee for expedited card delivery
🔧 Features
✓ Free Tier✓ Tax Bucket✓ Freelancer Focus✓ Expense Tracking✓ Us Only
📋 Assessment
💪 Strengths
- The Smart Save feature is a standout. You can automate a percentage of every deposit to be set aside for taxes. This removes the mental load of estimating quarterly tax payments and ensures you're not caught short when tax season arrives. The funds are held separately from your spending, which helps avoid accidental spending of money that should go to the IRS.
- Expense categorization is tailored for freelancers. It offers categories like Meals & Entertainment, Transportation, Travel, and Equipment, which are relevant to self-employed filers. You can also create custom categories. This makes it easy to organize expenses for tax time, and you can export your expense report to your accountant.
- Real-time cash flow insights provide a snapshot of your current income and expenses. The app shows your net cash flow for the month and predicts upcoming cash flow based on pending transactions. This is particularly useful for those with irregular income streams, as it helps with budgeting and planning.
- Receipt management is simple and efficient. You can take a photo of a receipt and attach it to a transaction with a date stamp. This reduces paper clutter and makes it easier to substantiate deductions. The app also captures the merchant and amount automatically, saving you time.
- There are no monthly account fees and no minimum balance requirements. This is ideal for freelancers who may not maintain a high balance. You're not penalized for variable income, and the free tier includes virtual and physical debit cards, along with free ATM access at a vast network of ATMs.
⚠ Watch out for
- There is no interest on your deposits. If you often keep a large balance, your money will not grow. This makes Lili less suitable for those looking to park funds long-term or who want to earn a return on their cash.
- The account is US-only. You cannot use the card internationally, nor can you send or receive foreign currency. That makes it unsuitable for freelancers who travel overseas or work with international clients.
- Lili does not offer payroll services or business lending. As your business grows, you may outgrow Lili and need to switch to a full-service bank or more advanced neobank that offers lines of credit, business credit cards, or invoicing integration with payroll.
- The free plan is quite basic. You get one sub-account for tax savings, but to truly organize your finances (e.g., separate savings for emergences or specific expenses), you will need to upgrade to Lili Pro ($9/month). This may frustrate budget-conscious users.
- Customer support on the free plan is limited to email and in-app chat. Some users report slow response times, and there's no phone support unless you're on the Pro plan. If you're not a Pro, you may feel the lack of reliable support.
🎯 Best for
Individual freelancers, independent contractors, and self-employed solo business owners in the US who want a fee-free, tax-aware business bank account.
🚫 Who should skip
Businesses with more complex needs like payroll, multi-member LLCs, international operations, or those wanting to earn interest on their business cash should skip Lili.
📚 Learning curve
Minimal — setting up the tax bucket and expense categories takes minutes, and the app is intuitive for freelancers who already manage their own finances.
🧑⚖️ Verdict
Lili is an excellent choice for US-based freelancers who want a simple, no-fee business account with automatic tax savings and expense tracking. However, if you need international capabilities, interest on your balance, or more advanced banking features like loans or payroll, you'd be better served
79/100
Free tier
Eco-conscious individuals in Germany who want a mobile-first bank account that automatically supports climate projects a
★ Best
💰 Pricing
🆓 Free tier available
Basic account with features like CO2 tracking and climate investments, but no physical card, limited ATM withdrawals, and no interest
Starting at $4 (subscription)
Fee notes:
- Card replacement fee: €10 for standard card, €20 for metal card
- Foreign currency conversion: 1.5% fee
- International transfer (SEPA): free, non-SEPA: €10 flat fee
- ATM withdrawal outside Eurozone: €2 per withdrawal for Future plan (max 3 free per month)
- Account closure fee: none
⚠ Watch for:
- Foreign transaction fee of 1.5% may apply even when paying in a foreign currency
- International ATM withdrawals beyond the included limits incur fees
- Interest rates are variable and may change over time
- Metal card has a higher monthly fee but the interest benefit may not outweigh it for smaller balances
🔧 Features
✓ Free Tier✓ Mobile App✓ Sustainable✓ Co2 Tracking✓ Impact Investing
📋 Assessment
💪 Strengths
- Every account balance automatically funds climate projects, regardless of your spending. This means that simply by keeping your money in the account, you're contributing to reforestation and renewable energy projects. It's a set-and-forget approach that aligns your idle cash with your environmental values.
- Automatic CO₂ tracking on transactions provides a clear, behavioral nudge toward lower-carbon choices. Each purchase is categorized and assigned an estimated carbon footprint, showing you where your biggest emissions come from. The monthly carbon summary helps you set personal reduction goals.
- Impact-linked interest rates reward sustainable usage, aligning financial incentives with environmental impact. By spending at partner businesses or making sustainable purchases, you can unlock higher interest rates on your balance—turning your spending habits into tangible financial benefits.
- A solid feature set for everyday banking: free Mastercard debit card, instant push notifications, spending analytics, and free ATM withdrawals in Germany and the Eurozone. The card is available in a CO₂-neutral variant made from recycled plastic.
- Transparent fee structure with a free Basic plan, making it accessible for those who just want a sustainable bank account without monthly fees. The paid tiers are reasonably priced compared to other premium neobanks.
⚠ Watch out for
- No free tier that also funds climate projects without a monthly fee. The Basic account has no monthly fee, but the climate project funding only kicks in with the paid Zero plan. So if you want to actively support projects, you must pay at least €3/month, which may put off budget-conscious users.
- Only available in Germany and a few other EU countries, limiting adoption for international users. The app is in German only, which can be a barrier for expats or non-native speakers.
- Lacks a physical branch network, which may be a drawback for users who need in-person services like mortgage consultations or complex account issues.
- CO₂ tracking is an estimate based on merchant category, not actual emissions. For example, a small purchase at a large retailer may be over- or under-estimated, which could mislead users who rely on the data for serious carbon accounting.
- The customer support is primarily via email and in-app chat, with no phone support during weekends. Response times can be slower during peak periods, and some users have reported issues with the chat feature in the app.
🎯 Best for
Eco-conscious individuals in Germany who want a mobile-first bank account that automatically supports climate projects and provides detailed carbon footprint tracking.
🚫 Who should skip
Anyone who needs a free bank account, lives outside the EU/Germany, or wants comprehensive business banking features.
📚 Learning curve
Minimal — the mobile app is straightforward, and the main novelty is that CO₂ tracking is automatic, so most users can start managing their finances immediately.
🧑⚖️ Verdict
Tomorrow is an excellent choice for eco-conscious individuals in Germany who want their everyday banking to actively contribute to climate action. It offers a unique mix of automatic carbon tracking, impact-linked interest rates, and transparent pricing. However, if you need in-person branch access
📊 Use Case Suitability
Higher score = better fit. Scores from editorial review.
Use CaseLiliTomorrow
Freelancer Tax Preparation95—
The automatic tax bucket lets you set aside a percentage of income consistently,
Expense Tracking for Self-Employed90—
Automatic expense categorization and receipt matching are built for freelancers
Real-Time Cash Flow Monitoring88—
Lili provides real-time insights into income and spending, helping freelancers s
Separating Business and Personal Finances85—
The account is dedicated to business use, and the spending and tax buckets make
Quarterly Tax Payment Savings92—
The Smart Save bucket isolates tax funds, reducing the risk of accidentally spen
Eco-conscious daily banking—95
Every account automatically funds climate projects and tracks transactions' carb
Carbon footprint tracking for personal spending—90
The built-in CO₂ tracking per transaction gives clear, itemized insight into the
Sustainable investing for beginners—85
Impact investing is integrated into the app, allowing users to start with climat
🧭 Which One Should You Pick?
Choose Lili if...
- You are: Individual freelancers, independent contractors, and self-employed solo business owners in the US who want a fee-free, t
- 👍 No monthly account fees or minimum balance requirements, making it accessible for freelancers with v
- 👍 Automatic tax savings bucket that lets you set aside a percentage of every deposit for quarterly tax
- 👍 Built-in expense categorization and receipt management tailored to self-employed users.
- 💰 Free tier available
- ⚠ Trade-off: US-only account; no support for international transactions, multi-currency, or n
Choose Tomorrow if...
- You are: Eco-conscious individuals in Germany who want a mobile-first bank account that automatically supports climate projects a
- 👍 Directly funds climate projects from every account balance, regardless of spending.
- 👍 Automatic CO₂ tracking on transactions provides a clear, behavioral nudge toward lower-carbon choice
- 👍 Impact-linked interest rates reward sustainable usage, aligning financial incentives with environmen
- 💰 From $4.35/mo
- ⚠ Trade-off: No free tier — users must pay a monthly fee, though exact pricing is not clearly
❓ Frequently Asked Questions
Is Lili really free, or are there hidden fees?
Lili has no monthly account fees and no minimum balance requirement. However, you may still incur out-of-network ATM fees, wire transfer fees, or charges for replacement cards, so check the fee schedule before using those services.
Can I use Lili for an LLC or S-Corp, or is it just for freelancers?
Lili is open to sole proprietors, LLCs, and independent contractors. However, it is heavily designed around the needs of freelancers and self-employed individuals, so if you have more complex corporate banking needs, you might outgrow it.
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