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

Make your business banking easy, maklik, bonolo, Lula.

Lula Trusted Brand 2024

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 even faster access to funding, support from real humans who care whenever you need them, our powerful cash flow manager - and more. Much more!

    Start-ups-&-Freelancers_Business-Banking-Accounts

    Lula Free Business Bank Account

    Pay as you transact

    With ZERO monthly fees, this account is ideal for businesses with low transaction volumes.  With Lula’s Free Account, you get:

    • 100% online account opening. (Even PTYs)
    • 1.5% interest per annum on your balance.
    • Fast support from real humans who care. 
    • Lulaflow – our powerful cash flow manager.
    Architect Business Funding and Business bank Account with Lula

    Lula Unlimited Business Bank Account

    One transparent fee

    If you’re managing people and money, or if you’re scaling at the speed of light, you want to be able to transact without limits, and without hidden fees. With Lula’s Unlimited Account, you get:

    • 100% online account opening. (Even PTYs)
    • Unlimited free EFTs
    • 1.5% interest per annum on your balance.
    • Dedicated support from real humans in real-time.
    • Lulaflow – our powerful cash flow manager.

    Your Lula bank card comes with unlimited free swipes. Always.

    Lula Bank Account

    • It’s free.

      Order your free bank card and enjoy unlimited free swipes plus free delivery to your door.

    • It’s instant.

      Instantly create virtual cards and start transacting.

    • It’s easy.

      Freeze or unfreeze your cards with a click.

    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 🙌.

    r
    Enter an amount rounded to the nearest R10,000
    Please enter an amount between R10,000 and R5,000,000. The amount should be rounded to R10,000
    R10,000 R5,000,000
    6 months

    First repayment

    R30,266

    Second repayment

    R28,266

    Total repayment

    0
    No additional costs
    Apply

    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

    Based on the average Lulalend Score and credit history. Your repayment plan may differ.

    • No hidden fees
    • No early repayment penalty
    Apply

    Open your Lula Bank Account anytime, anywhere, in minutes.

    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.
    Get started
    cta accounts img

    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. 

    Trusted by business owners like you.



    Theresa Ward and Edwina Butterworth
    What we liked about Lula is that the process for application was extremely easy. Within a couple of hours, we were approved.
    Theresa Ward and Edwina Butterworth
    Manyene Holdings
    Allistair Bunding
    The great thing is that the whole transaction was done in 5 minutes. Lula understands my business.
    Allistair Bunding
    Sports & Corporate
    Ghia Nadel
    Lula has enabled me to expand my product offering, buy equipment and, as a result, create jobs in my community.
    Ghia Nadel
    Tra.Dish.Nal
    Phaedon Gourtsoyannis
    Having easy access to cash is probably one of the most important things, that’s where Lula comes in.
    Phaedon Gourtsoyannis
    Cape Coffee Beans
    Willem Haarhof
    The biggest challenge we face is access to cash. What Lula has enabled me to do is take that worry about cash flow away.
    Willem Haarhof
    DoughGetters Accountingâ„¢

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