Baselane has built strict security and privacy controls to exceed the highest banking industry standards for more details of Baselane's security details click here.
Your funds are secure and available 24/7 in your Baselane account, 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.
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.
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