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Lemma is not a bank. Banking services are provided by Core Bank, Member FDIC, our banking partner. Every dollar you hold in a Lemma account sits at Core Bank.

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How your deposits are insured

The standard FDIC insurance limit is $250,000 per depositor, per insured bank, per ownership category. Lemma extends coverage well beyond that limit through the IntraFi network:
  • Up to $250,000 stays at Core Bank and is directly FDIC-insured.
  • Balances above $250,000 are insured through the IntraFi network, which spreads the excess across other Member FDIC banks so each portion sits below the per-bank insurance limit.
  • Every account is covered for up to $10M in FDIC insurance in total.
Your money never leaves the FDIC-insured banking system, and you continue to work with a single Lemma account regardless of how balances are distributed behind the scenes.

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Confirming coverage

Two independent sources can confirm how your deposits are held.

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Core Bank

We’re happy to put you in touch with Core Bank directly to confirm our practices, including how Lemma accounts are custodied and how IntraFi enrollment works. Email contact@getlemma.com and we’ll make the introduction.

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IntraFi

IntraFi issues a confirmation letter directly to the depositor once an account is open and enrolled in the IntraFi network. IntraFi does not issue confirmations before that point.