The account for freelancers, start-ups, and the curious.
Ready to meet South Africa's smartest, simplest, most affordable bank account? Lula’s Free Business Bank Account is here. 
Open your business bank account in minutes.
Simple. Powerful. Affordable.
Lula's Free Business Bank Account is a pay-as-you-transact banking account that comes with all the bells and whistles to help you work smarter, not harder.
- Earn 1.5% interest on your balance.
- Fast and responsive support from real humans who care.
- Free physical card + virtual cards with unlimited free swipes.
- Lulaflow, a powerful cash flow manager that lets you track and manage your finances in one place.
- Fast, easy access to business funding.
Here's what it'll cost you.
👌 Zero
That’s your monthly account fee.
- R0 - that’s the cost of your first Bank Card (delivered to your door).
- R0 - that’s the cost to swipe your card both here and abroad.
- R0 - that's the cost to transfer cash between your accounts.
- R0 - that's the cost to send/receive payment notifications.
- R3 - that’s the cost to make an EFT.
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.
Trusted by business owners like you.
FAQs
Lula’s Free Business Account is a pay-as-you-transact banking account that comes with all the bells and whistles to help you work smarter, not harder.
This account is best suited to freelancers, start-ups, and entrepreneurs. You will earn 1.5% interest p.a on the balance of your free business account at Lula, get support from real humans who care, and receive a free physical card in addition to being able to set up virtual cards with unlimited free swipes.
You’ll also gain access to Lulaflow, a powerful cash flow manager that lets you track and manage your finances in one place.
Easy! You can apply for a Lula card and business account in only minutes and completely online.
Whether you’re a sole prop or own a private company, it’s quick and simple to open your account. There are no branch visits. No queues. It’s a simple and fast online process.
You’ll just be asked to Scan your ID document and upload your proof of address and business registration docs to register
Lula has zero fees for the delivery of your first bank card, zero fees to use your card in South Africa, zero fees to transfer funds between your accounts, and zero fees to send and receive payment notifications. For EFTs, Lula charges R3 per transaction.
For international cards, there is a foreign currency exchange fee. This fee is not for the swipe but rather for the currency exchange, as we always settle in ZAR.
Lula’s Free business account has been created to help small businesses get a healthy start in business so they can track and manage their finances from the get-go. This account is free and aims to help start-ups and smaller-sized businesses gain a healthy financial track record so they can apply for funding and grow their businesses with ease.
Lula’s Unlimited business account is for growing and more established businesses and costs R500 per month. A growing and more established small business understands the importance of managing cash flow and fast access to funding. This account provides access to capital within 24 hours, dedicated support from real humans and an unlimited amount of free EFTs.
Both accounts provide access to Lulaflow, a powerful cash flow manager that lets you track and manage your finances in one place, and both accounts give you access to the support you need from real humans who care about your business.
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