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Do I have to open a Baselane Banking account to collect rent?
Do I have to open a Baselane Banking account to collect rent?

Landlord Support

Mohanad A. avatar
Written by Mohanad A.
Updated over a week ago

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 a Baselane Banking account has many benefits, which include:

  • Built for rental property finances

  • Segregated Checking accounts for rent collection, security deposits, etc, opened with one click

    • Please note, that you can not collect rent into a Savings account

  • 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 applied to your Savings account (60x the national average)

    • See here, for more details on the APY and how it is calculated

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