To process payroll via check, please follow the below instructions:
1. Write a check that is
Current dated
Crossed with "Account Payee Only"
Pay against as: Lulu International Exchange LLC
2. Deposit the check at the bank (full list of banks downloadable below) and wait for the fund release confirmation from your bank.
These are the preferred banks for Lulu Exchange with faster check realization and crediting of the amount:
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
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
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
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
3. An MPN number (reference ID) will be generated and visible on the platform.
4. Upon receiving the confirmation of your funds release, return back to your transactions tab and click on Confirm Funds Released as shown below.
5. Check the confirmation box to proceed as shown.
6. Input your check number as your proof of payment and select bank details for your bank and that of Lulu Exchange in which you deposited the check and click Submit.
7. Navigating back to the transactions page, you will be able to view the status of your payment and 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.
Banks usually take 1-2 working days to settle a cheque deposit transfer.
This means that if a cheque is deposited in Lulu ENBD account on a Monday morning, the funds may not appear in the Lulu account until end of Tuesday depending on the bank from which your cheque was drawn.
We do not recommend handing over a check at the Lulu branch as turnaround time can be extended by up to 4 days.
Please note: This is subject to any delays from the Central Bank of the UAE.