Security Deposit Account for Landlords

Thousands of tech forward landlords hold Security Deposits in a free Baselane Banking Account.

Baselane is a financial technology company, and is not a bank. Banking services and FDIC insurance are provided through Thread Bank¹, Members FDIC. FDIC insurance is available for funds on deposit up to a maximum of $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program.

Benefits of Security Deposit Accounts

Landlords

Provides financial protection for landlords in the event of property damage caused by tenants.
Allows landlords to recoup losses from unpaid rent or other costs associated with the lease agreement.
Covers the cost of any repairs that need to be done on the property after a tenant leaves.
Gives landlords peace of mind that there will be a financial cushion  if anything goes wrong during the tenancy period.

Tenants

Security deposits help protect tenants financially in the event of unexpected damages.
Give tenants the peace of mind that they will be able to get back their deposit after the end of the lease if nothing is wrong.
Tenants can use security deposits to cover repairs, maintenance,  and cleaning costs at the end of a lease agreement.
Security deposits are refundable and allow tenants to save money  in comparison to having to pay out-of-pocket for unexpected costs  or damages.

Why choose Baselane

Why choose rental security deposit account

All-in-One Platform with Banking, Rent Collection, and Accounting and more
Eligible to hold Security Deposits
Rent Collection that’s landlord and renter friendly
Earn up to 4.19% APY² and up to 5% cash back³
Comprehensive cash flow analytics and reporting
Modern user interface and experience
Excellent Customer Support

Take Control of Your Spend

Open a security deposit bank account and use physical & virtual debit cards with custom spend controls and automated transaction tagging with Schedule E categories.

Easily Collect and Return Security Deposits

Collect funds into an account for security deposit via Bank Transfers (ACH payments), Deposit checks, or Wire.

Easy to Get started

Open a security deposit bank
account for free

Create a Virtual account
(aka - rental security deposit account)

Collect security deposits 
into a virtual account

Security Deposit Requirements By State

Get Your Free Rental Security Deposit Account Today

Make it easy to manage rental security deposit accounts with Baselane's Banking accounts.

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