To process payroll via a wire transfer, follow the steps below:

1. Log into your online corporate banking account and add Lulu Exchange LLC as a beneficiary using the bank details listed below to save for future transactions.

  1. Abu Dhabi Commercial Bank
    Account number: 625808020004
    IBAN number: AE300030000625808020004
    SWIFT code: ADCBAEAA
    Account title: Lulu International Exchange LLC
    Branch name: Main branch - Abu Dhabi

  2. Emirates NBD
    Account number: 1014238154901
    IBAN number: AE080260001014238154901
    SWIFT code: EBILAEADJAZ
    Account title: Lulu International Exchange LLC
    Branch name: ENBD Jebel Ali Free Zone Branch

  3. First Abu Dhabi Bank (FAB)
    Account number: 4021003347804029
    IBAN number: AE110354021003347804029
    SWIFT code: NBADAEAAXXX
    Account title: Lulu International Exchange LLC
    Branch name: Main branch - Abu Dhabi

  4. Standard Chartered Bank
    Account number: (0)1974557202
    IBAN number: AE310440000001974557202
    SWIFT code: SCBLAEADXXX
    Account title: Lulu International Exchange LLC
    Branch name: Salam street - Abu Dhabi

2. Make the wire transfer of funds for the total amount to be paid. An MPN number (reference ID) will be generated and visible on the platform.

3. Use the MPN number to make your payment transfer.

4. Once a payment is made and your funds release confirmation received, return back to your transactions page as shown below and click on Confirm Funds Released.

5. Check the funds confirmation check box as shown to proceed.

6. Input your Transaction ID found on your bank statement as your proof of payment, select the banks used for the wire transfer (your corporate bank and Lulu Exchange bank) and click Submit.

7. You can view your payment status on the Transactions page and you will be notified when salaries are processed.

Payment transaction details

Salaries will be released the same day if funds appear in Lulu bank account before 12:00 pm.

It is recommended that if employees are to be paid on a specific date say, 30th July 2020, then please ensure Lulu can verify successful transfer of money into their accounts by end of day on 29th July.

Hence, employees are likely to be paid the same day if the money transfer is verified by Lulu before 12:00 pm on the 30th July at the latest.

Please note: This is subject to any delays from the Central Bank of the UAE.

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