With no monthly maintenance fees and a welcome bonus of $150 for new users, the Baselane business checking account is an outstanding choice for landlords and property investors. This all-in-one banking solution integrates with automated rent collection, accounting and bookkeeping, and tenant management.
You can open multiple checking accounts per property to help you organize and manage your rental income and expenses. Additionally, Baselane offers business savings accounts with up to 2.63% APY* and partners with some lenders to extend real estate loans to property investors seeking portfolio growth or value enhancement of existing rentals.
Why you can trust Fit Small Business
How We Evaluated Baselane Business Checking
The Baselane business checking review was conducted in consideration of the following factors:
- Product features
- Monthly fee
- Opening balance
- Required balances
- Account opening requirements
- ATM fees
- Cash deposit fees
- APY
- Monthly transaction limits
- Cash deposit allowances
- Branch accessibility
- Other business banking products
Terms & Features
| Special Offer | $150 welcome bonus (jump to the requirements) |
|---|---|
| Opening Deposit Requirement | None |
| Monthly Maintenance Fee | $0 |
| APY | Up to 2.63% paid on Savings Accounts. Total balances across Checking Accounts and Savings Accounts are used to calculate APY tier. |
| ATM Network | Fee-free transactions at over 55,000 Allpoint ATMs; Baselane does not charge nonnetwork ATM fees, but third-party surcharges may apply. |
| Other Standout Features |
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Use Cases
- You’re a real estate investor and self-managing landlord seeking efficient integrated business tools: Baselane offers all-in-one banking, rent collection, accounting and bookkeeping, and a tenant management platform. You can streamline financial management, open multiple accounts per property, and access an automated rent collection system. Baselane tops our list of best banks for real estate investors for its all-in-one REI
- You seek more earnings: Baselane’s business savings account provides a competitive yield of 2.93% on all deposits.
- You want to save on rental property management software: Baselane, one of our top online rent payment services for landlords, offers free software for landlords needing robust tools to reconcile accounts, auto-generate tax reports, and digitize rental application forms and leases. You can also send rent reminders automatically, store documents securely, and track property-related expenses easily.
- You need access to financing: Baselane partners with various lenders to offer rental property loans—such as conventional loans, asset-backed loans, and hard money loans—to real estate investors and landlords planning to grow their rental portfolio or upgrade existing properties.
Baselane Alternatives & Comparison
| Account Name | Monthly Service Fee | APY | Cash Deposit Fee | |
|---|---|---|---|---|
 | Business Checking | None | Up to 2.63% paid on Savings accounts. Total balances across Checking Accounts and Savings Accounts are used to calculate APY tier. | None at Allpoint ATMs |
| Cash Management | None | Up to 5.09% | Cash deposits not accepted |
| Visit Stessa | ||||
| Bluevine Standard | None | 1.3% | Fees apply |
| Visit Bluevine | ||||
 | Business Checking | No required monthly fees | None | Fees may vary |
| Visit Found | ||||
Best For | Learn More | |
|---|---|---|
 | Rental property owners seeking fee-free online rent collection with a banking product and dedicated mobile app: Although Baselane offers free rent collection with a checking account, its mobile app is still unavailable. Stessa provides built-in rent collection with its business banking product and iOS and Android mobile apps. | Read our Stessa Business Checking review |
 | Business owners seeking fee-free checking accounts with competitive interest rates: Baselane no longer offers an APY for its checking accounts and requires clients to open a savings product to access tiered interest. Bluevine Standard checking offers 1.5% APY for qualifying balances up to $250,000. | Read our Bluevine Business Checking review |
| | Self-employed individuals looking for access to built-in bookkeeping and tax preparation tools: While Baselane integrates bookkeeping, it does not offer direct tax payments through its app. Found Plus subscribers can pay their federal estimated taxes directly from Found’s app. | Read our Found Business Checking review |
Baselane Business Checking Terms & Features
| Baselane Business Checking | |
|---|---|
| Required Opening Deposit | None |
| Monthly Fees | None |
| APY | Up to 2.63% paid on Savings accounts. Total balances across Checking Accounts and Savings Accounts are used to calculate APY tier. |
| Transaction Limit Before Fees | None |
| ACH Transfer Fees | None |
| Domestic Wire Transfer Fees |
|
| International Wire Transfer Fees | Not indicated on its website |
| ATM Fees | None for withdrawals |
| Cash Deposits | No fee at Allpoint ATMs |
| Debit Card | Free Baselane Visa debit card |
|---|---|
| Physical Checkbooks | $15 per Baselane branded checkbook (80 checks); third-party printed checks are also allowed Via Baselane portal: $2 per mailed check sent by Baselane per landlord request |
| Payment Software Integrations | PayPal, Cash App, Venmo, Apple Pay, and Google Pay |
| Other Software | Built-in rent collection, accounting and bookkeeping, and tenant management |
| Customer Service |
|
| Other Products | High-yield savings accounts, rental property loans in partnership with various lenders, and insurance for landlords and renters |
Baselane Business Checking Requirements
Part of the Baselane business checking requirements is providing the following:
- Name
- Valid US mailing address
- Date of birth
- Social Security number (SSN)
- Business information
- Government-issued ID
- Legal business documents
How to Open a Baselane Business Checking Account
- Step 1: Visit Baselane.
- Step 2: Sign up for a free landlord account.
- Step 3: Go to Baselane Banking and click Add Banking Account.
- Step 4: Click Open Baselane Banking Account.
- Step 5: Select an Account Type as a Sole Proprietor for individual business owners or Business for LLCs, corporations, or partnerships.
- Step 6: Enter the required business information, including officer and beneficial ownership.
- Step 7: Click submit. The application approvals can take 24 to 48 hours.
Baselane Business Checking Features
$150 Welcome Bonus
To earn the $150 bonus, you need to:
- Fund your Baselane banking account. Provide your email and deposit at least $500 within 30 days and maintain that average balance for 60 days
- Perform mortgage payments. Make more than $1,500 of mortgage payments from your Baselane banking account within 90 days
- Collect rent via Baselane. Collect more than $1,500 of rent via Baselane into Baselane banking within 90 days
Unlimited Virtual Accounts
Business owners can open multiple virtual Baselane banking accounts for free. Virtual accounts are treated as sub-accounts with their own corresponding account number under the main account. This helps independent landlords organize and segregate accounts per rental property. They can separate renovation budgets from security deposits, savings, and rental payments.
Physical & Virtual Debit Cards
Baselane issues one physical debit card and up to 10 virtual cards for each main account and virtual account. This allows you to create different categories and spending limits.
Fee-free Transactions at Allpoint Networks
Baselane clients can deposit and withdraw at over 55,000 Allpoint ATMs for free. Cash deposits can only be made at Allpoint ATMs, and they are limited to $2,000 daily. The maximum cashout for ATM withdrawals is $1,000 daily.
Online Banking
Currently, the Baselane mobile banking app is under development, but Baselane can be accessed through mobile and desktop web browsers.
Through a mobile browser, you can:
- View the account summary
- View and/or tag transactions
- Open a Baselane Banking account and link external bank accounts
- Add/send funds to/from a Baselane account
- Add/manage properties
- Deposit checks
- Set up rent collection and manage lease details
- Manage your profile
Using a desktop browser, you can:
- Interact with statements and charts and access the tax package
- View tenant account activation status
- View property metrics, insurance, and loans tabs
Built-in Rent Collection Software
- Automate invoices for rent, fees, and security deposits
- Send automated payment reminders
- Receive rental payments directly in your Baselane or external banking account in two days via QuickPay
Built-in Accounting & Bookkeeping
- Auto-sync all Baselane banking and external account transactions
- Categorize transactions specifically based on Schedule E
- Capture receipts for tax reporting
- Access real-time cash flow insights
- Generate property-specific financial reports
Built-in Tenant Management
- Streamline tenant screening with extensive background checks
- Create digital leases for e-signing
Other Baselane Business Products
Savings Account
Baselane’s savings accounts offer a tiered APY of up to 2.63%
Total balances:
- Less than $10,000 earn 1.30% APY
- Between $10,000 and $24,999 earn 2.03% APY
- Between $25,000 and $49,999 earn 2.39% APY
- Amounting to $50,000 or more earn 2.63% APY
Rates are variable and subject to change based on the Federal Funds rate. No minimum balances or deposits are required to earn interest on your savings account.
Rental Property Loans
Baselane partners with some of the largest lenders to offer different types of loan products, such as conventional loans, asset-backed loans, and hard money loans.
To be eligible, you need a:
- Minimum loan amount of $100,000
- FICO score of at least 580
All loans are available in California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Kentucky, Maine, Michigan, Minnesota, Mississippi, Montana, New Jersey, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Washington, West Virginia, and Wyoming, as well as Washington, D.C.
Landlord Insurance
For landlord insurance, Baselane partners with Obie, which is one of our leading short-term rental insurance companies and top commercial property insurance companies. The insurance includes coverage of the dwelling, liability payments, loss of rent, loss of use, personal property (optional), and medical payments. Instant rental property insurance quotes are available online.
Additional Services
- Legal services
- Tenant screening services
- Tax preparation services
- Renters insurance
- Lines of credit
Baselane Business Checking Reviews from Users
| Users Like | Users Dislike |
|---|---|
| Instant account opening and cash back rewards | Lack of mobile app |
| Ease of use | Removal of business checking APY |
| Helpful rent collection and bookkeeping features | Long check processing time |
Many Baselane business checking reviews mentioned that setting up an account is easy. Reviewers also appreciated the integrated rent collection and bookkeeping tools, as well as the cash back earnings from using Baselane’s debit card.
Some customers, however, complained about needing to open additional savings accounts to access the APY, unlike before. Several also looked forward to using a mobile app in the future to streamline Baselane’s services.
Here’s how Baselane scored on third-party review sites:
Frequently Asked Questions (FAQs)
Is Baselane a legitimate bank?
No, Baselane is not a bank; it’s a fintech platform backed by FDIC-insured Thread Bank. Your deposits have an FDIC coverage of up to $3 million through its partner bank’s sweep program.
Is Baselane free?
Yes, Baselane does not charge opening, monthly, and account minimum fees. Additionally, no fees are collected for ACH transfers and overdrafts.
Is Zelle connected to Baselane?
No. Currently, you cannot connect your Baselane banking account with Zelle.
Does Baselane report to credit bureaus?
Yes. Through Baselane’s online rent collection software, real-time reports on the status of your monthly rent payments are available. This makes it easy to report online rent payments to credit bureaus.
Bottom Line
We recommend Baselane’s business checking account to property investors and independent landlords for its all-in-one fee-free banking account and property management software. You can streamline bookkeeping, track expenses, create unlimited virtual accounts, and view rental cash flow in one platform.
User review references:
[1]Trustpilot
[2]Capterra
*The Annual Percentage Yield (APY) on your Savings Account is accurate as of 12/10/2025. Total balances across Checking Accounts and Savings Accounts are used to calculate APY tier, but only money in Savings Accounts is eligible for interest. Total balances less than $10,000 earn up to 1.30% APY for Savings Accounts. Total balances between $10,000 and $24,999 earn up to 2.03% for Savings Accounts. Total Balances between $25,000 and $49,999 earn up to 2.39% APY for Savings Accounts. Total balances of $50,000 or more earn 2.63% APY for Savings Account. Rates are variable and are subject to change after account opening. An APY bonus is applied to accounts that collect rent via Baselane banking within the prior calendar month.
