With the change in account structure and the introduction of Savings accounts, you now have the option to open additional Checking accounts, made for managing your day-to-day finances, or Savings accounts, made for growing your money with up to 3.77% APY*.
To open an additional Checking or Savings account, please follow the steps below:
- Navigate to the Baselane Banking tab
- Scroll down to the 'Accounts' section, and select the Baselane Banking account you'd like to open a Checking or Savings account under
- To the right of the blue 'Move Money' button at the top, select the 'Add Account' button
- Select 'Savings account' or 'Checking account' from the two options
- Add an account nickname
- You have the option to toggle the 'Auto-tag' option, so that all of the transactions in this account auto-tag to a specific property/unit
- Agree to the terms and conditions and select 'Create account'
To close a Checking or Savings account, please follow the steps below:
- Go to the Baselane Banking tab and click on the arrow located on the right side of your Baselane Banking account
- From here, click on the ‘Account Details’ button for the Checking or Savings account that you would like to close
- Click on the red 'Close Checking/Saving Account' button. Note, that you may have to scroll down to see this button
To close a Virtual Account, it must have a zero balance and no pending rent collection or transfers/payments.
*See here, for more information on the APY for your accounts and how it is calculated.
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