Want a simpler way to stay on top of your business' finances?
Open your business bank account in minutes.
Simple. Powerful. Inclusive.
Lula’s Business Banking Accounts make it easy to stay on top of your business finances with our powerful cash flow manager, even faster access to funding and support from real humans who care whenever you need them - and more. Much more!
Lula Free Business Bank Account
Start-ups & Freelancers.
If you’re just starting out or are a one-human-wonder, managing your cash flow should be simple. With Lula’s Free Account, you get:
- 1.5% interest on your balance
- Fast support from real humans who care.
- Lulaflow – our powerful cash flow manager
Lula Unlimited Business Bank Account
Established & Growing businesses.
If you’re managing people and money, or if you’re scaling at the speed of light, you want it all and yesterday. With Lula’s Unlimited Account, you get:
- 1.5% interest on your balance
- Dedicated support from real humans in real-time
- Unlimited free EFTs
- Lulaflow – our powerful cash flow manager
Two simple account plans. One promise.
Make cash flow faster, simpler, Lula.
 Earn 1.5% interest per year on your balance | ✔ | ✔ |
 Fast, easy access to business funding | ✔ | ✔ |
 Lulaflow, our powerful cash flow manager | ✔ | ✔ |
 Real help from humans, not robots. | ✔ | ✔ |
 Free Lula business bank cards | 1 | 5 |
 Unlimited free EFTs | ✘ | ✔ |
 Dedicated priority support | ✘ | ✔ |
Get even faster access to business funding.
The sooner you start transacting with your Lula bank account, the quicker you can access the business funding you need to boost your cash flow 🙌.
First repayment
Second repayment
Total repayment
| Months | Capital payment | Cost | Payment due p/m |
|---|---|---|---|
| 1 | 0 | 0 | 0 |
| 2 | 0 | 0 | 0 |
| 3 | 0 | 0 | 0 |
| 4 | 0 | 0 | 0 |
| 5 | 0 | 0 | 0 |
| 6 | 0 | 0 | 0 |
| 7 | 0 | 0 | 0 |
| 8 | 0 | 0 | 0 |
| 9 | 0 | 0 | 0 |
| 10 | 0 | 0 | 0 |
| 11 | 0 | 0 | 0 |
| 12 | 0 | 0 | 0 |
| Total | 0 | 0 | 0 |
Lulaflow gives you the data to make better business decisions.
- Syncs with all your accounts to give you a real-time view of your cash flow in one place.
- Smart alerts will let you know when your cash flow is forecast to run low.
- Helps you plan your financial calendar better.
Your Lula bank card comes with unlimited free swipes. Always.
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It’s free.
Order your free bank card and enjoy unlimited free swipes plus free delivery to your door.
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It’s instant.
Instantly create virtual cards and start transacting.
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It’s easy.
Freeze or unfreeze your cards with a click.
Open your Lula Bank Account anytime, anywhere, in minutes.
Whether you’re a sole prop or own a private company, it’s quick and easy to open your account. No branch visits. No queues.
- Scan your ID document.
- Upload your proof of address + business registration docs.
FAQs
No, we’re not a bank. We’re Lula. We build innovative fintech products to help SMEs succeed. We’ve partnered with Access Bank, our sponsor bank, to bring you a business banking account.
We know it takes a lot of trust when it comes to your hard-earned cash. If you’re ever unsure about anything, open a chat and let’s talk, human to human.
Our website uses the highest level of encryption. Our business accounts are powered by Access Bank and we comply with all relevant banking regulations.
We’re also PCI compliant and manage your bank card data following strict data security standards.
Creating a Lula business account is completely digital. Here’s what you’ll need:
- To verify your identity: Your ID book, a valid permit or visa for foreign national passport holders.
- To verify your address: Your lease agreement or any statement not older than 3 months.
- To verify your business registration:
If you’re a sole prop, make sure you have your UTR (unique tax ref) doc.
For companies registered Prior to the New Companies Act, we need your CM1 + CM22.
If you registered after New Companies Act, please submit:
COR 14.1 + one of the following: COR14.3, COR17.3, COR18.3, COR20.3.
Lastly, if you’re operating as a close corporation, please submit your CK1 and CK2.
Yes. A valid permit or visa for foreign national passport holders, but you need to have a local address and proof of it to verify your account.
Less than 10 minutes. We’ve timed it.
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