How long does it take for rent payments to process?

The standard processing time for rent payments is 5 business days. However, Baselane Banking users get access to QuickPay, allowing eligible payments to be processed in as little as 2 business days.

Rent payments sent to external bank accounts will always follow the standard timeline of up to 5 business days.

Payment Processing Timeline

• First Payment: The first rent payment from a tenant will always take 5 business days to process.
• QuickPay Payments: Rent payments received into a Baselane Banking account are eligible for QuickPay and will arrive in 2 business days.
• Standard Processing: Rent payments received into an external bank account are not eligible for QuickPay. Rent payments will be processed within 5 business days.

How can I ensure my tenant's invoice payments are processed on QuickPay?

To enable faster rent payments:

1. 1. Open a Baselane Banking account to unlock QuickPay benefits for faster rent payments.
   2. Encourage tenants to connect their bank accounts via Plaid using online banking credentials.
   3. Ask tenants to maintain sufficient funds in their account a few days before rent is due until the payment is fully processed.

See here, for more details on how QuickPay works.

See here, to determine if your tenant has submitted a rent payment and the expected payment timeline of this payment.

If you have any questions about the timing of processing payments, please reach out to support@baselane.com.