Yes, Baselane Banking accounts are FDIC insured by our sponsor bank, Blue Ridge Bank, for up to $250,000. The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

For example, if you have 1 sole proprietorship and 2 different LLC banking accounts with Baselane, your accounts have a combined $750,000 in FDIC coverage.

For more information about FDIC insurance coverage, please visit the FDIC’s website - here.