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Is my Baselane account FDIC insured?
Is my Baselane account FDIC insured?

Landlord Support

Mohanad A. avatar
Written by Mohanad A.
Updated over a week ago

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.

You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks.

Please contact [email protected] with questions about the sweep program.

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