How to process payroll with Lulu Exchange for Free Zone

Submitting payroll for processing through Lulu Exchange.

To submit a payroll transaction and process the amount using Lulu Exchange, follow the below steps:

• Select the employees you wish to process payroll for on the payroll table using the filters as needed and click on Submit Transaction

Click here to learn more about submitting single or multiple transactions on Bayzat.

• Check the confirmation box as this transaction cannot be undone once processed.

• You will be directed to the Transactions tab to view the details of this transaction and select your payment mode to process the amount

• Click on Select Funds Transfer Mode to select your payment method (wire transfer, cheque or cash)

 

 

To learn more about how to transfer funds using each of the methods, click on the links below and follow the steps for your preferred method:

1. Cash Deposit

2. Cheque Deposit

3. Wire Transfer

Please note the details for each of Lulu International Exchange bank accounts:

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

   Below is a short tutorial covering the steps above on how to process payroll using Lulu Exchange on Bayzat: