How do I create minimum balance transfer rules?

Create minimum balance transfer rules to keep your accounts topped up automatically. Pick the account you want to set up with a minimum balance target and choose a source Baselane account. Whenever the balance falls below your minimum, we transfer the difference to bring it back to your target. 

Minimum balance transfers are available as part of Baselane Smart. To enjoy a 30-day trial of Baselane Smart, log into your Baselane account and click the Smart “Upgrade now” icon in the main navigation bar.

Note: minimum balance transfer rules are only between Baselane Banking accounts (Checking and Savings). 

In this article, we’ll cover:

• How do I create minimum balance transfer rules from my Baselane Banking account?
• How do I create minimum balance transfer rules from Transfers & Payments?
• How do I edit or turn off a minimum balance transfer rule and review notifications?
• Frequently asked questions

How do I create minimum balance transfer rules between your Baselane Banking accounts?

From a Baselane Banking account (per account)

1. Go to Baselane Banking and select the bank entity that requires the minimum balance transfer rules
2. Select Account details for the specific account that requires the minimum balance transfer rule. 
   
   
3. Click Set up a minimum balance transfer rule
   
4. Fill out the fields:
   • If balance in the account: Please select the account you want to keep at or above a minimum.
   • Is below: Enter the minimum balance you want to maintain. When the balance falls below this amount, we top it up.
   • From account: Select the Baselane account that will send funds.
   • To reach target balance: Enter the balance you want the account brought back up to whenever it falls below your minimum.

Pro Tip: Set your Target balance higher than your Minimum balance to create a buffer. This helps reduce the number of transfers by topping up to a higher level instead of making frequent, smaller ones.

Example: If your minimum threshold is below $2,000 and your target balance is $5,000, whenever the account falls under $2,000, it will be topped up to reach $5,000 from the Baselane account supporting the top-up.

 From Transfers & Payments

1. Go to Transfers & Payments > Auto Transfer Rules.
   
   
    
2. Click Add Rule to set up a minimum balance transfer rule from Transfers & Payments. The setup is identical to creating one through Baselane Banking, which involves selecting an account, entering your minimum and target, and choosing the supporting account.

Edit or turn off minimum balance transfer rules

In both Banking and Transfers & Payments, you can open the minimum balance transfer rule and select Edit or Delete.

Note: Only one minimum balance transfer rule can exist per account. If your account balance is already below the minimum when you create the rule, Baselane will immediately transfer funds to bring it up to the target.

Example: If the existing balance is $1,500, the Minimum is $2,000, and the Target is $5,000 → Baselane transfers $3,500 right away to reach the $5,000 target.

Notifications

Notifications appear both under Transfers & Payments > Auto Transfer Rules and in the receiving account under Banking.

• Failed top off due to insufficient funds: An alert shows if a top off failed because the supporting account didn’t have enough funds. The alert prompts you to add funds to the source account so the next attempt succeeds.

Partial top off due to insufficient funds: If the supporting account has only part of the required amount, the rule tops off partially, and a notification appears with the details.

Example: Required $1,500 to reach the target, but the supporting account had only $700 available → Baselane moves $700 and notifies you to replenish the source account to cover the remaining in order to reach the target balance 

Frequently asked questions

Who can use minimum balance transfer rules?
Minimum balance transfers are available as part of Baselane Smart. To enjoy a 30-day trial of Baselane Smart, log into your Baselane account and click the Smart “Upgrade now” icon in the main navigation bar.

Can I link rules to external banks?
No. Minimum balance transfer rules only work between Baselane Banking accounts (checking or savings).

When does a transfer happen?
Right after a transaction posts, if the protected account balance is below your set minimum.

What if the supporting account doesn’t have enough funds?
Only the available amount is transferred, and you’ll see a notification prompting you to add funds when in the product.

Can I create multiple rules for the same account?
No. A Baselane Banking account can either be the source or recipient of a minimum balance transfer rule. A single Baselane Banking account can be the source for multiple accounts. However, a Baselane Banking account can only receive funds from one active minimum balance transfer rule.

How often can transfers occur?
There’s no daily or monthly limit on how often transfers can trigger. 

Are there fees for these transfers?
No. Internal transfers between Baselane accounts are free of charge.