| Feature |
Coverage |
| Minimum Opening Balance |
$50.00, waived for group enrollment. Ensures sufficient balances are on hand for check printing costs and monthly fees as the account balance grows. |
| Services |
No per check fee, imaged checks returned no charge, monthly statements. Contributions posted same day. Customer Service experts available to answer your employees’ Health Savings program inquiries. IRS annual reporting of account activity, employer and employee contributions. |
24/7 Automated
Telephone Banking |
No charge, toll-free number. Check account balance, status of paid checks, transfer to other Tower Bank accounts. |
| Online Banking |
No charge. View account activity and balances, view paid checks. |
| Interest |
Variable rate based on balances. Rates can change daily. |
| Debit Cards (no ATM access) |
Free. No per transaction fees. Visa® network. |
| Check Printing Fees |
HSA specialty checks available. |
Enrollment/Trust
Set-up Fee |
$20.00 for individual enrollees. Company programs quoted based on enrollment needs. |
Brokerage Services Related to
Health Savings Accounts |
Available. Ask a banker for details. Brokerage Services: NOT FDIC INSURED. MAY LOSE VALUE. |
| Miscellaneous |
Per bank fee schedule. As with other checking accounts, overdraft, stop pay and other miscellaneous fees apply. |
| Account Closing |
$20.00. Fee to close the account and process transfer to new custodian. |
