How do I schedule and manage one-time payments?

How to schedule one-time scheduled payments

1. Navigate to Baselane Banking Account

Navigate to the Baselane Banking or Transfers & Payments tab, or select the 'Recipient' section of the Transfers & Payments tab.

• In Baselane Banking, select 'Move Money' and 'Send Money'
• In Transfers and Payments, under the 'Recipient' section, choose 'Send Money'

2. Sending the Payment

1. Select a Recipient: Choose an existing recipient or add a new one
2. Recipient Details: Select the payment method (ACH, Wire, Mail a Check) from an existing recipient's Payment Methods drop-down menu or add payment details for a new recipient
3. Payment Details: Enter the payment amount, select the Baselane checking account the payment will be withdrawn from and select the date you wish to schedule the payment
4. More Details (Optional): available for wire (message to the recipient) or check payment (memo, printed on check)
5. Add Bookkeeping Details (Optional): Add bookkeeping details such as category, property, and bookkeeping notes
6. Review and Send: Review the payment details and send it

Once submitted, you can track the status of the scheduled payment in the 'Scheduled Payments' section of the Transfers & Payments tab.

Please note that the fee for an outbound wire is $15 per wire (starting from Q1 2025).

Inbound wires are free. However, please note that the sending bank may charge you a fee for sending an outbound wire.

Please note that the fee for a same-day ACH is 1% of the total transaction amount (up to $15). [starting from Q1 2025]

Important Information for One-Time Scheduled Payments

• Existing Account: You must have an existing Baselane Banking Checking account to schedule a one-time payment
• Account Limitations: One-time payments can only be scheduled from Checking accounts, not from Savings accounts
• Payment Limits: The amount you can send must not exceed the standard or high Checking account limits. Please review the tier limits in this article
• Processing Date: You can schedule a same-day or future payment but can not schedule a payment in the past. 
  • You can schedule a same-day payment on a weekend or federal holiday; it will be processed the following business day
  • You cannot schedule a future payment for a date that lands on a federal holiday or weekend
    Note: If a Federal Holiday falls on a Saturday, payments can be scheduled for and will be processed on the preceding Friday. If a Federal Holiday falls on a Sunday, payments cannot be scheduled for and will not be processed on the following Monday

How to Cancel a One-Time Scheduled Payment

1. Go to the Transfers & Payments tab
2. Navigate to the 'Scheduled Payments' section
3. Select the arrow to the right of the payment you want to cancel
4. In the 'Schedule details', select the 'Cancel payment' button
5. Re-confirm by selecting the red 'Cancel payment' button
6. A green 'Canceled payment' notification will pop up on the bottom left-hand side of your screen, confirming the cancellation

Frequently Asked Questions (FAQs)

Can I cancel a payment once it has started processing?
Same-day payments can not be canceled as once scheduled it will begin processing. You are able to cancel payments in the future (i.e. payments that are not scheduled on the same day). 

What do I do if my payment fails?
If your payment fails, it will not automatically re-attempt, please resubmit the payment.

Can I schedule a one-time transfer between Baselane Banking accounts?
Yes, see here for steps on how to do so.

Can I schedule multiple one-time payments to the same recipient?
Yes, you can schedule multiple one-time payments to the same recipient. However, if multiple payments are scheduled, payments beyond the daily/monthly limits will fail. Please review our Checking account Tiers in this article.

Can I still schedule a one-time payment if I don’t have enough funds in my Baselane Banking Checking account, on the day I schedule the payment?

Yes, you can still create the one-time payment, as long as the payment is scheduled to begin processing on a future date. You will get a warning during the setup process reminding you to ensure you have enough funds in the account on the day the payment is set to begin processing.