Yes, Baselane Banking accounts are FDIC insured by the enhanced banking partner (Thread Bank) for up to $2,500,000.
Click here for more information about FDIC insurance coverage on the FDIC’s website
Enhanced banking partner (Thread Bank) FDIC details
FDIC insurance is available for funds on deposit up to a maximum of $2,500,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. 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.
Please contact [email protected] with questions about the sweep program.