Baselane makes money primarily through the financial services we offer. This enables us to provide our core services for free.

Baselane Banking

Like most banks, we earn interest on the balances held in Baselane Banking accounts and receive a small portion of the merchant fee, also known as interchange, when you use your Baselane Visa debit card.

We share part of the interest and interchange with our customers, enabling customers to earn up to 4.19% APY on all balances (60x the national average - see here, for more details on the APY and how it is calculated) and up to 5% Cash Back.

Baselane also charges certain fees for specific banking services such as $15 for checkbooks (coming soon) and $2 for mailed checks (see here, for more details on how to mail checks).

Online Rent Payments

Tenant payments via ACH not deposited into a Baselane Banking account will incur a $2 fee. Landlords can cover the fee or pass it on to the tenant.

If tenants choose to pay rent via debit or credit card, like all rent collection platforms, we charge tenants a small processing fee (2.99%). We keep a small percentage of this fee.

Partner Services

We offer landlord and tenant services through our partners, including investment property insurance, renter’s insurance, and lending. We earn a referral fee if you decide to use one of our partner services.

Premium Features

We will be rolling out additional pro features in the future; these will be available for a small monthly fee.