No. Tellus is not a bank. Tellus is not FDIC-insured.

Tellus does offer an FDIC-insured account called the Tellus Deposit Account. The Tellus Deposit Account is established by Central Bank of Kansas City, Member FDIC. Tellus Deposit Account funds are FDIC-insured through Central Bank of Kansas City. FDIC insurance covers only the failure of Central Bank of Kansas City. It does not apply to Tellus itself or to non-deposit products or services. FDIC insurance limitations apply. Visit FDIC (https://www.fdic.gov/resources/deposit-insurance) and refer to the Tellus Deposit Account Agreement (link) for more details.

Money in all Tellus Cash Accounts — the Boost Account, Reserve Account, Vaults, and Goals — is not FDIC-insured.

FDIC insurance protects deposits at FDIC-insured banks if a bank fails. It covers only certain deposit products, up to applicable limits.