Introduction
Your service account is where all paid services tied to your lender profile are charged. These may include the onboarding fee, loan processing fee, transaction fee, and more.
When a lender is onboarded through the Lendsqr admin console, the system automatically creates a service account for them. This account handles all charges related to their users’ paid activities.
Each service account is linked to a virtual account number. To fund the account, lenders send money to this virtual account.
Understanding how to get your service account number
- Click on the “Service transactions” sub-tab under the “Transaction Management” tab in the “Back office” section
- On the services page, the stat cards provide you with your service account stats
- The virtual account number card has your service account number and you can copy it.

Understanding how to search for a transaction on your service account
- Click on the “Service transactions” sub-tab under the “Transaction Management” tab in the “Back office” section
- On the services page, you can filter for a transaction. Click on “Filter By“ to get all the options available to filter by. You can filter by start date, end date etc.
- After filtering, you will get a list of transactions that match your filter.

Watch this video to learn how to manage your service account
- Understanding your services charges
2. How to fund your service account
Read also: How Lendsqr is using AI to transform its processes