How do I create and manage recurring scheduled payments?

Navigate to Baselane Banking Account

• Go 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'

Scheduling the Recurring Payment

• Select a Recipient: Choose an existing recipient or add a new one

• Recipient Details: Select the payment method (ACH, Wire, Mail a Check) from an existing recipient's saved payment details or add payment details for a new recipient

• Payment Details: Enter the amount and select the Baselane checking account the payment will be withdrawn from

• Select 'Recurring payment'

• Start Date: The date the first payment will begin processing

• Repeat Every: Enter how often the recurring payments will repeat, either Weekly or Monthly

• Repeat On: Enter the day of the month that the future payments will begin processing

• When to End the Series: You have three options to end a recurring payment:

  • Continue until I cancel: You decide when to cancel the series

  • End on: Select a specific date to end the series

  • End after: Specify the number of payments to send

• Add Bookkeeping Details (Optional): Add bookkeeping details such as category, property, and notes

• Review Payment Details & Track: Once reviewed, select 'Send Payments' to schedule

• Track the Status: The status of your recurring payment will be displayed in the 'Scheduled payments' section of the Transfers & Payments tab

Wire & ACH Fees

• Inbound wires deposited into a Baselane banking account are currently free (note: the sending bank may charge a fee)

• As of July 3, 2025, a $15 fee per outbound wire applies to all new Baselane Banking users.

• For existing users, this fee will go into effect on October 1, 2025

• The outbound wire fee will be waived if your Baselane banking accounts have a combined balance of $50,000 or more at the time the wire is initiated

• ACH transfers and payments are currently free

Important Information for Recurring Scheduled Payments

• Existing Account: You must have an existing Baselane Banking Checking account

• Account Limitations: Recurring payments can only be scheduled from Checking accounts, not from Savings accounts

• Payment Limits: The amount must not exceed the standard or high Checking account limits Please review the tier limits in this article

• Start & Processing Dates:

  • You can schedule a recurring payment starting on the same day or in the future

  • If today is a weekend or holiday, your recurring payment cannot start before the next available business day

  • If scheduled for today’s date, the payment will begin processing immediately

  • If a recurring payment falls on a weekend or holiday, it will be processed on the latest business day before that weekend or holiday

  Example: If a recurring payment falls on a Sunday, the payment will be scheduled for the preceding Friday.

How Can I Cancel Recurring Scheduled Payments (Series)?

• Go to the Transfers & Payments tab

• Navigate to the 'Scheduled Payments' section

• Select the arrow to the right of the series you'd like to cancel

• In the 'Schedule details', select the 'Cancel payments' button

• Confirm your selection and select the red 'Cancel payments' button

• A green 'Canceled recurring payment' notification will appear at the bottom-left of your screen

How Can I Cancel One Payment from a Series of Recurring Scheduled Payments?

• Go to the Transfers & Payments tab

• Navigate to the 'Scheduled Payments' section

• Select the arrow to the right of the series of payments

• In 'Schedule details', select the arrow next to the payment you'd like to cancel under 'Next payment'

• This will open 'Payment details' for that specific payment

• Select the red 'Cancel payment' button

• Confirm your selection

• A green 'Canceled upcoming payment' notification will appear at the bottom-left of your screen

Note:

• You can only cancel the next upcoming payment, not any future payment

• After cancelling the upcoming payment, the next payment in the series will be scheduled

Frequently Asked Questions (FAQs)

Can I cancel a payment after it has begun processing?
No. You can only cancel a payment before it begins processing on the scheduled "Send on" date.

What do I do if my payment fails?
If your payment fails, it will not re-attempt. You will receive a notification email and must manually re-schedule the payment.

Can I create internal recurring transfers between two Baselane Banking accounts?
Yes. See steps here.

Can I schedule multiple recurring payments to the same recipient?
Yes, but ensure payments do not exceed your daily/monthly limits or they may fail. Review Checking account tiers.

Can I edit my recurring payment details (e.g., amount, recipient, account)?
No. Editing is not supported. You must cancel the payment series and set it up again. See instructions above.

Can I create a recurring payment if I don’t have enough funds in my Baselane Checking account on the day I set it up?
Yes, if the first payment is scheduled for a future date. You’ll be reminded to ensure funds are available on the processing day.

If one payment from a recurring series fails, will future payments be affected?
No. You’ll receive a failure notification and must re-submit that payment manually. Future payments will continue to process as scheduled.