You can pay 3rd parties (such as contractors, vendors, partners, or even tenants) in a number of ways with Baselane Banking:
Send an ACH
Go to the Baselane Banking page after you login, and click on the 'Send Funds' button. From here select 'ACH Transfer'.
Click on the 'Connect External Account' button, select 'Add Manually' and select '3rd Party Account' from the first drop-down. Please be sure to enter in all relevant account information of your 3rd party correctly.
Once you have entered the information for your 3rd party, you can select them from the drop-down in the 'Transfer From' field and enter in the transfer amount. Any previously added 3rd parties will show up here as well.
Once submitted, the transfer should arrive in 3 business days: the status of this transfer is visible in the 'Transfers & Payments' tab in the Baselane Banking page.
Please note, Baselane’s ACH cutoff time is currently 3:00 PM ET. Any ACH transfer instructions received after 3:00 PM ET, on weekends, or on federal holidays will be processed the next business day. You can see the status of this transfer in the ‘Transfers & Payments’ page in the Baselane Banking tab.
Send a wire transfer
Go to the Baselane Banking page after you login, and click on the “Send Funds” button. From here select “Domestic Wire Transfer”.
Enter the relevant bank account and address information for your recipient. Wires are irreversible, so please make sure to double-check this information.
Please note, Baselane’s domestic wire cutoff time is currently 4:45 PM ET. Any domestic wire instructions received after 4:45 PM ET, on weekends, or on federal holidays will be processed the next business day. You can see the status of this transfer in the ‘Transfers & Payments’ page in the Baselane Banking tab.
The current Wire transfer limits for individual Baselane Banking accounts are a $250k daily limit and a $500k monthly limit. If you want to submit a Wire transfer that exceeds these limits, please reach out to Baselane Support at [email protected], from Mon-Fri 8 AM - 8 PM EST. Call us at +1 (888) 586-1618 from Mon-Fri 9 AM - 4 PM EST.
Connect to a digital wallet (such as Venmo, PayPal, or CashApp)
Connect your Baselane Banking account to the digital wallet: you can see detailed instructions for each digital wallet here.
Via the interface of the digital wallet, add your 3rd party as a recipient and initiate the transfer. This will show up in your Baselane Banking account under “Transactions”.
Using your Baselane Banking debit card.
If the 3rd party accepts card payments, you can use your Baselane Banking debit card in-person or online to make payment.
Will my 3rd party be notified of the incoming payment by Baselane?
As of today, if you are sending a payment to a 3rd party via Baselane Banking they will not receive an automated notification from Baselane informing them of the incoming transaction.
If the above methods are still not sufficient for you (e.g., if you require sending a check), please reach out to us at [email protected], from Mon-Fri 8 AM - 8 PM EST. Call us at +1 (888) 586-1618 from Mon-Fri 9 AM - 4 PM EST.