Virtual cards work exactly like your physical debit card—they just live on your Baselane Banking platform instead of in your physical wallet. Virtual cards are stored on Baselane and can be used to pay online or contactless on your phone via Apple Pay or Google Pay. Virtual Cards have a unique card number, expiry date, and CVV, which can be accessed on the Baselane platform.
When you open a Baselane Banking account, you are automatically issued one physical Visa debit card that is mailed to the address provided in your banking application. At any point, you can open additional virtual debit cards that have their own card numbers, spending limits, and categorization rules. Each of these cards are entirely independent: if you lock (or close) one card, the remaining cards will remain functional until locked or closed.
The following table outlines the differences between physical and virtual debit cards for Baselane Banking:
| Physical Debit Cards | Virtual Debit Cards |
How many can I have per account? | 1 per Main Account | 10 per Main Account + 10 per Virtual Account |
What are the spending limits? | Fixed by Baselane: $5k daily, no monthly limit | Set by customer: up to $5k daily, no monthly limit |
Can I use it to automate bookkeeping? | Yes! You can auto-tag its expenses to a property or Schedule E category | Yes! You can auto-tag its expenses to a property or Schedule E category |
Can I lock / unlock my card? | Yes! Read more details here | Yes! Read more details here |
Can I add it to my mobile wallet? |