Tower Bank is your HSA Authority
| Feature | Coverage |
| Enrollment Fee | - Free - Enroll here. - $14.99 - Paper enrollment |
| Minimum Opening Balance | None |
| Annual Fee | None |
| Service Charge | No monthly service charge |
| Statement Options | Online or paper statements available |
| Interest Rates | Interest rates may vary based on account balance and statement type (online or paper). Please call for current rate quote. Rates are subject to change |
| Monthly Reporting | Monthly paper or online statement itemizes contributions and distributions |
| Annual IRS Reporting and Updates | 5498-SA (contributions), 1099-SA (distributions), and adjustments for prior year contributions |
| 24/7 Automated Telephone Banking | No charge, toll-free number: 888.743.0737 |
| Deposit Processing | Via automatic deposit, mail in service, or in person at any Tower Bank location |
| Online Access | No charge. View statement, account activity and balance, front and back of paid checks |
| Online Bill Pay | $0.72 per transaction - pay bills through Online Access |
| Debit Card | Up to two cards free - one each for account owner and signer |
| ATM Access | - Free ATM withdrawals at any Tower Bank ATM - ATM withdrawals at non-Tower ATMs on Alliance One Network - fees will apply. Refer to bank fee schedule |
| Check Printing Fees | $14.99 per order of 50 |
| Certificate of Deposit Options | Available. Call for current rates and terms. FDIC insured |
| Investment Options | Available with an annual fee of $36. Investments are not a deposit, not FDIC insured, not insured by any Federal Government Agency, not guaranteed by the Bank, may go down in value |
| Miscellaneous Fees - overdraft, stop pay, and other miscellaneous fees may apply | Per bank fee schedule |
| Closing/Rollover/Transfer Fee - close account and/or transfer to new custodian |
$20.00 |
| Manual Account Opening Fee; Excess Contributuion Distribution Fee | $20.00 |
Bank Fee Schedule (PDF)
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