If you want to check your lulu exchange salary card balance then you must know the complete process of “Lulu Exchange Salary Card Balance Check” how this payroll system works.
Lulu Exchange Salary Card System
Because Lulu Exchange is a leading global currency exchange, thousands of ex-pats use their salaries to send their families back to their home countries. Lulu has designed a special payroll system in the form of ‘MyPay Card’ in partnership with First Abu Dhabi Bank (FAB) for their convenience.
Use of MyPay My Card
You can say that “MyPay my card” is actually a payroll card which is issued by First Abu Dhabi Bank (FAB) for Lulu Exchange and this card is known as MyPay. This pay card does not require a bank account. Its issuance, as well as withdrawal from FAB ATMs, is free.
So Lulu’s clients use MyPay My cards to receive their salaries from their companies and send money home.
Usually companies deposit funds at Lulu Exchange branches before 12:00 p.m. As a result, salaries are issued on the same day and expats can move to their home countries at that time. The process is also same for wire transfers.
If a company deposits checks at Lulu Exchange’s partner banks, salaries will be transferred when the funds appear in the Lulu account. It takes two working days.
During this procedure, employees attempt to check their salaries through what is aptly called a “Lulu Exchange Salary Card Balance Check”.
For checking your Lulu Exchange Salary Card balance You need to use any Lulu Exchange branch or FAB ATM and this process is free of charge. Even in the absence of your MyPayMyCard, exchange staff ensure that you get the support you need, by verifying your Emirates ID and Labor Card details.
Lulu Payroll Details
- Lulu Exchange has set no limit on the number of employees for registration.
- Lulu Exchange goes the extra mile by registering employees even if they do not have labor card details.
- Payroll processing is free for a new company for 12 months. They will charge after one year.
- Companies can use one of three payment options to transfer salaries. These are cash payments, direct bank account, and MyPay card.
- Companies registered as a group of companies during initial company registration can pay for multiple trade licenses in a single transaction.
- Call Center office hours are Saturday to Sunday 9:00 AM to 6:00 PM.
- MyPay cardholders can withdraw cash from all FAB ATMs for free.
Important Information About MyPay My Card
After completing your employer registration, you can apply for a MyPay My Card. The company will deliver your card to your address as per your request. A Lulu Exchange courier will contact you to inform you of the delivery date. Generally, the entire process takes 12 working days after the application is submitted.
Upon receiving the card, you have the option to activate it by visiting any FAB ATM. Simply insert the card into the ATM and set your desired PIN number to get started.
If your card is lost or stolen, you can block it by sending an email to the concerned person. An amount of AED 15 will be deducted for each lost card to issue a new MyPay card from the cardholder’s account.
With MyPay cardholders who do not have their own card in hand, withdrawing their salary becomes hassle-free as they can easily do so by presenting their Emirates ID and Labor Card details at any Lulu Exchange branch counter.
No fee will be charged for cash withdrawal from FAB ATM. However, using an ATM from a different bank will result in applicable charges.