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Lulalend is now Lula. We have a new name, a new look, but we're still your friends in funding 😃.

A stress-free guide on how to open a Lula bank account for SME’s in South Africa

Lula's business banking accounts

As a small business owner, you probably already know how important it is to have a separate bank account just for your business. It’s crucial for keeping your finances in check and managing them effectively. Opening a business bank account sometimes seems like a hassle, with all the paperwork and long queues that come to mind. But it doesn’t have to be a pain. Lula makes the process easy and convenient.

Let’s get you started.

1. Getting all your documents together is easy

To get started, make sure you have the necessary documents on hand. It will make your life a lot easier. Trust us.

So, what do you need?

  1. A valid ID is a must for the business owner and any additional signatories.
  2. Proof of address (POA) for yourself (if you’re a sole proprietor) or your business. For POAs, utility bills or similar documents are usually accepted.
  3. You may be requested to provide your business’s banking history, typically three months’ statements. So be prepared.

2. Explore Lula’s Small Business Banking Solutions

Lula is a reputable financial institution that offers tailored solutions for small businesses in South Africa. We know that being a small business owner in South Africa comes with its own set of challenges. That’s why we offer a variety of services to support all of your financial needs. We provide a simplified banking process and convenient online tools to help your business thrive.

3. Open Your Account of Choice

Opening a bank account with Lula is super easy. We’ve made sure our website is user-friendly to make your experience as smooth as possible. By now, you should have an idea of which bank account is right for you – the free business account or the unlimited business account. Once you’ve made your decision, simply click on one of the buttons to start the process.

4. Need Help? Chat with Lula’s helpful humans

If you need help or don’t understand anything during the account opening process, don’t hesitate to reach out to our friendly customer support team. They are there to help you navigate any challenges and ensure that your experience with Lula is exceptional from start to finish.

Bonus: Business Funding

Not only do we provide banking services, but we also have options to help fund your small business. Having enough money to grow and expand is super important. When you team up with us, we’ll help you find the perfect funding options that suit your unique business needs.

No more stressing about cash flow!

We get you. Lula has been created by entrepreneurs who know what it’s like to go through the ups and downs of building a business. That’s why we’re all about supporting small businesses. When you join us, we’ll make sure opening an account is a breeze, give you top-notch customer support, and access to funding options to supercharge your business growth.

And don’t stress about all the paperwork and logistics involved in taking this step. After all, we’re a fully digital company, so there’s no need for physical documents or long queues.

Let us be your trusted partner on the journey to financial success.

Let’s do this together!



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