Baselane

Yes, Baselane Banking accounts are FDIC insured by the enhanced banking partner (Thread Bank) for up to $3,000,000.

<a href="https://www.fdic.gov/resources/deposit-insurance/index.html" rel="nofollow noopener noreferrer" target="_blank">Click here</a> for more information about FDIC insurance coverage on the FDIC’s website

<b>Enhanced banking partner (Thread Bank) FDIC details</b>

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. <br><br>Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. 

You can access the terms and conditions of the sweep program at <a href="https://go.thread.bank/sweepdisclosure" rel="nofollow noopener noreferrer" target="_blank">https://go.thread.bank/sweepdisclosure</a> and a list of program banks at <a href="https://go.thread.bank/programbanks" rel="nofollow noopener noreferrer" target="_blank">https://go.thread.bank/programbanks</a>.

Please contact <a href="mailto:customerservice@thread.bank" rel="nofollow noopener noreferrer" target="_blank">customerservice@thread.bank</a> with questions about the sweep program.

Is my Baselane account FDIC insured?

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