You do not have to open a Baselane Banking account to collect rent. Instead, you can securely link any external bank account to collect rent.
However, signing up and using your Baselane Banking account has many benefits, including:
Built for rental property finances
Segregated Virtual Accounts for rent, security deposits, etc, opened with one click
Earn up to 5% cash back on the first $2,000 of home improvement spend on your Baselane Debit Card per calendar year, and unlimited 1% cash back on all other debit card spend
High yield interest on all balances, up to 4.19% APY (60x the national average)
See here, for more details on the APY and how it is calculated