Baselane Review: Business Account for Property Owners
- Fee
- $0 per month
- APY
- Up to 2.63%
- Minimum deposit to open
- $0
Our verdict
A banking and property management account with no fees, cashback rewards, high APY and more tools than we can count.
Baselane is a free online property management account for landlords and real estate investors. Individuals, LLCs, partnerships and corporations can manage their properties with Baselane's rent collection, accounting and reporting tools. Create unlimited virtual accounts and cards and make an account for each property or unit for straightforward tracking and sorting. Import and export CSV and other files, and tenants can opt into rent reporting. Earn up to 2.63% APY on balances over $50,000 and at least 1.69% APY on balances under $10,000. You'll also earn up to 5% in cash back on your debit card purchases. There's also up to $3 million in FDIC insurance. Baselane also just released a paid plan, but it costs $20/month.
Best for: Landlords and real estate investors.
Pros
-
$0 Core plan
-
Up to 2.63% APY and up to 5% cash back
-
Up to $3 million FDIC insurance
-
Software integrations, rent collection and bookkeeping tools
Cons
-
Highest savings APY requires a $50,000 balance
-
Reviews mention slow response from support
Who is Baselane best for?
Baselane is designed for landlords and those with multiple rental properties and is completely free to open and maintain. It accepts individuals, LLCs, partnerships and corporations, so it’s a great fit for most business structures. There’s also no limit on how many properties you can manage with the account, and you can create subaccounts for each property you manage.
Baselane plans and costs
Baselane used to just have one Core plan with no monthly fees, but like it hinted at, Baselane now has a paid plan with extras.
| Plan | Cost | Features |
|---|---|---|
| Core | $0/mo |
|
| Smart | $20/mo | Everything with Core, plus:
|
What we like about Baselane
Earn interest on your balance, get cash back on purchases and enjoy high insurance coverage on deposits up to $3 million for peace of mind.
Baselane uses the Allpoint ATM network, which means you’ll have free access to over 55,000 ATMs nationwide. You can also deposit cash with Allpoint, and there are no out-of-network ATM fees, but operator fees may apply.
Core plan has no monthly fees
Baselane’s Core plan doesn’t charge monthly, inactivity, overdraft, minimum balance or ACH transfer fees. And all the property management tools are completely free to use, too.
Also, it’s free for tenants to pay rent through Baselane via ACH transfer to the Baselane bank account. However, if they pay rent with a debit or credit card, there’s a standard 3.49% processing fee, which is typical among other card processing fees. And if you use Baselane’s rent collection feature but have payments sent to an external bank account, there is a $2 ACH fee per invoice.
Management tools galore
Within your single Baselane account, you can create subaccounts by property to organize all your units and properties and even create virtual accounts for security deposits, savings and more. You can also link external accounts, including bank accounts and credit cards.
Some standout rent management and tracking tools include:
- Free rent payments via ACH transfer
- Receive rent payments within 2 days with ‘2-day rent’ feature (requires Baselane Smart)
- Tenants can set up autopay with ACH, credit or debit
- Automated late fee settings
- View invoices and payment history
- Transaction importing and cash flow analytics
- Export reports to CSV
- Import CSV and other accounting file types
Baselane supports multiple software integrations, which include Airbnb, Cash App, PayPal, Quickbooks, Vrbo, Venmo and Xero.
Perks for tenants
When you set up the Rent Collection feature through Baselane, tenants will automatically get an invite to join the Baselane Tenant Platform. This is where tenants can view their rent details, pay rent via ACH or card, set up autopay and make deposits.
Baselane also offers rent reporting. Tenants can build positive credit history with on-time rent payments that are reported to the three major credit bureaus. This service is optional, and renters pay just $5 per month.
Earn cash back and interest
You can earn up to 5% cash back on debit card purchases with eligible home improvement hardware purchases, up to $2,000 per year. All other purchases earn unlimited 1% cash back, and authorized users also earn cash back.
The APY earnings are tiered, separated by balance, which are all higher than the 0.07% national average for interest-bearing checking accounts and the 0.38% average for savings accounts, according to the FDIC.
| APY | Balance minimum |
|---|---|
| 1.69% | Less than $10,000 |
| 2.03% | $10,000 to $49,999 |
| 2.39% | $25,000 to $49,999 |
| 2.63% | $50,000+ |
What could be better
It’s hard to complain about a property management account that lets you manage unlimited properties with no monthly fees or balance minimums with a Core plan.
However, past and current customers noted that Baselane recently added balance tiers to earn the highest APY offered, which leads us to believe the tiers could adjust again in the future. Also noted from reviews, many point out that customer service is slow to respond, and ACH transfers can take anywhere between three to seven days.
If these are deal breakers, compare some of the best business accounts in the market.
Baselane’s fees and access
| Type of fee | Fee details |
|---|---|
| Monthly service | $0 |
| Opening deposit | $0 |
| ATMs |
|
| Debit card fees |
|
| Overdraft or nonsufficient funds | $0 |
| Wire transfers |
|
| Rent payment fees |
|
Compare Baselane to other business bank accounts
Narrow down top business accounts by monthly fees, APYs and features. For a side-by-side comparison, tick the Compare box on up to four options.
Compare other products
We currently don't have that product, but here are others to consider:
How we picked these
What is the Finder Score?
The Finder Score analyzes and evenly weighs business accounts against multiple factors, including monthly maintenance fees, opening deposits, overdraft fees, wire transfer fees and transaction limitations. We also award accounts that offer extra perks not normally offered, such as annual percentage yield (APY), without penalizing accounts that aren’t interest-bearing.
Customer experience
| BBB accredited | No |
|---|---|
| BBB rating | B- |
| BBB customer reviews | 1 out of 5 stars, based on 2 customer reviews |
| Trustpilot score | 4.7 out of 5 stars, based on 365 customer reviews |
| Customer reviews verified as of | 18 May 2026 |
Baselane is based in New York and was founded in 2020. Just last year, Baselane didn’t have Better Business Bureau (BBB) profile and very few reviews. However, that has changed, and in a good way! With a BBB profile with one, lonely review, a so-so BBB rating, and just a handful of complaints, Baselane is doing well according to customers.
The majority of the feedback on Trustpilot and Reddit is positive, largely due to Baselane being completely free to open and maintain. Most customers are happy with the rent collection tools, such as the ability to create multiple accounts per unit and for security deposits, automatic rent payments and more. The high APY is also a common callout, and they’re happy their tenants can pay rent via ACH with no fees.
The most common negative complaints about Baselane are the slow deposit times and slow response from customer support. Many reviews citing slow response times from customer support state that it takes days for them to respond to a chat request, and you have to schedule a call with its support team, which can take weeks, according to customers.
Your reviews
Bethany Finder
Banking editor
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.