Is my Baselane account FDIC insured?

Yes, all of your Baselane Banking Checking and Savings accounts are insured up to a maximum of $3,000,000* with Thread Bank, Member FDIC. See here, for more details on the FDIC insurance for your accounts.

Baselane is a financial technology company and is not a bank. Banking services provided by
Thread Bank, Member FDIC. The Baselane Visa debit card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. FDIC insurance is available for funds on deposit through Thread Bank, Member FDIC.

Your deposits qualify for up to a maximum of $3,000,000* 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 customerservice@thread.bank with questions
regarding the sweep program.
*FDIC Sweep Threshold Subject to change.