How can I fund my Baselane Banking account?

  • Updated

You can fund your Baselane Banking account with any of the methods below:

  1. Link Baselane to another U.S. bank account (via Plaid) to start an ACH transfer, which will be completed in 3 business days.
  2. Connect your Baselane Banking Checking account to any of your digital wallets like PayPal or Venmo, and initiate a transfer from there.
  3. Send electronic, bank transfers via ACH to your Baselane Banking Checking account from any bank in the U.S.
  4. Deposit cash into any of our in-network ATMs. Click here and select 'Allpoint + Cash Deposit ATMs' to locate the nearest deposit ATM.
  5. Send a wire transfer to your Baselane Banking Checking account, using the following details:
    • Beneficiary name: Legal name or LLC on your Baselane Banking account
    • Beneficiary account number: Your Baselane Banking account number
    • Beneficiary Address: Address you provided for your Baselane Banking account
    • Beneficiary Bank Name: Thread Bank
    • Beneficiary Bank Routing Number: 064209588
    • Beneficiary Bank Address: 210 E Main St, Rogersville, TN 37857
  6. Deposit a check by logging into your Baselane account from a mobile device, and following the instructions from the 'Move Money', 'Add Funds' button in the Baselane Banking tab. See here for more details.

Once you’ve submitted your transfer, you can track the status of the transfer in the Transfer & Payments tab on the sidebar.

The ‘Activity’ section will detail the transfer details for all incoming and outgoing transfers made to/from your Baselane Banking account. This will include columns detailing the following:

  • Transfer Date: Date the transfer was initiated
  • From: The account the funds are being transferred from
  • To: The account the funds are being transferred to
  • Type: The transfer type - ACH, Wire, Check Deposit or Mailed Check
  • Amount: Transfer amount
  • Status: Status of the transfer

Note, that it is only possible to funds your Baselane Banking Savings account(s) by doing an internal transfer from one of your Checking accounts. There are 2 different ways to do so:

From the Baselane Banking tab:

  • Go to the Baselane Banking tab
  • Click on ‘Move Money’ and then select ‘Transfers Funds’
  • Input the transfer details:
    • Step 1: Input the amount, the account you would like to transfer from and transfer into
    • Step 2: You have the option to add bookkeeping details (category, a note or an attachment) to the transfer
    • Step 3: Review and send the transfer

From the Transfers & Payments tab:

  • Go to the Transfers & Payments tab
  • Click on ‘Move Money’ and then select ‘Transfers Funds’
  • Input the transfer details:
    • Step 1: Input the amount, the account you would like to transfer from and transfer into
    • Step 2: You have the option to add bookkeeping details (category, a note or an attachment) to the transfer
    • Step 3: Review and send the transfer

Transfers between Baselane accounts are instant.

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