While Jiko Bank is a member FDIC, funds are only swept through Jiko Bank to Jiko’s broker-dealer, Jiko Securities, Inc. to be invested in T-bills. Thus, the FDIC insurance is not applicable to the funds in your Juno Treasury Account, powered by Jiko.
Jiko Securities, Inc. is a member of the Securities Investor Protection Corporation (SIPC), which protects the securities of its customers up to $500,000 (including up to $250,000 for claims for cash).
If you have any questions, the team is always here for you, so feel free to contact our support team.