Important Changes
(Effective July 1, 2025)
Funds Availability Disclosure
IV. LONGER DELAYS MAY APPLY. In some cases, we will not make all of the funds that you deposit by check available to you according to the preceding schedule. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. However, the first $275 of your deposits will be available on the first business day.
If we are not going to make all of the funds from your deposit available according to the preceding schedule, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the business day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available.
In addition, funds you deposit by check may be delayed for a longer period under the following circumstances:
- We believe a check you deposit will not be paid.
- You deposit checks totaling more than $6,725 on any one day.
- We or you redeposit a check that has been returned unpaid.
- You have overdrawn your account repeatedly in the last 6 months.
- There is an emergency, such as failure of communications or computer equipment.
We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.
Longer holds may apply to new accounts.
V. SPECIAL RULES FOR NEW ACCOUNTS. If you are a new customer, the following special rules may apply during the first 30 days your account is open.
- Funds from electronic direct deposits and wire transfers will be available when received prior to our cut-off time on any business day.
- Electronic direct deposits and wire transfers (EFT) received after our cut-off time may not be available for withdrawal until the next business day.
- Deposits of cash are available for immediate withdrawal.
- Funds from deposits for the first $6,725 of a day’s total deposits of U.S. Treasury checks, U.S. Postal Service money orders, cashier’s, certified and teller’s checks, checks drawn on Federal Reserve Bank or Federal Home Loan Bank, checks drawn on, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $6,725 will be available no later than the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $6,725 will not be available until the second business day after the day of your deposit.
Funds from all other check deposits may not be available until the fifth business day after the day of the deposit. However, the first $275 of your deposit will be available on the first business day after the day we receive your deposit.
Terms and Conditions of Your Deposit Account
Overdraft Items – If a check you write, or any other item you have authorized for payment from your account (which includes all orders and instructions for the payment, transfer, or withdrawal of funds from your account, such as a substitute check, image replacement document, electronic item (such as an ACH, ATM, or Debit Card transaction), preauthorized payment, automatic transfer, telephone-initiated transfer, internet online banking transfer using a PC (including other personal computing devices) or bill payment instruction, withdrawal slip and in-person payment, transfer or withdrawal instruction) (collectively, an "Authorized Item") is presented for payment against your account, or if we receive notice of such check or Authorized Item, and there are not sufficient available funds in your account (due to insufficient funds, uncollected funds or otherwise) to pay the check or Authorized Item, the check or Authorized Item becomes an "Overdraft Item."
We may, without notice to you and in our sole discretion, either return or decline the overdraft item or pay the overdraft item and overdraw your account unless prohibited by law. If we pay or return the item, you may incur an insufficient funds fee as stated in “Other Fees & Charges Disclosure”. However, if the item consists of an ATM or one-time debit transaction using either an ATM Card or Debit Card, whether we pay it and overdraw your account or decline it, we will not charge you an insufficient funds fee. Because of IRS regulations, we will not pay any “Authorized Item” which will overdraw your HSA.
You agree to repay us immediately for the amount of the overdraft item we have paid, plus any applicable insufficient funds fee. We may use deposits you or others make to your account to pay any item and any insufficient funds fee you owe us. If we pay an item by overdrawing your account on one or more occasions, we are not obligated to continue paying any future overdraft item, and we may stop paying your overdraft items and return them unpaid without notice to you. When an item is returned unpaid, the other party may make additional attempts to collect by representing the item to us for payment. While we make every effort to charge only once per item, it is possible that one item could result in multiple insufficient funds fees. You are encouraged to keep good records and practice good account management.
Other Fees & Charges
Overdraft Items
Insufficient Funds Fee***
Each paid or returned ATM or one-time debit card transaction using an ATM card or debit card – No charge
Each time a check, in-person withdrawal, recurring ATM card or debit card payment, preauthorized automatic debit, telephone transfer, any other debit item or other electronic means, is paid or returned. Note: Multiple fees may apply when an item is represented. – $35.00 each (maximum of 4 charges per account per day)
Uncollected Funds Fee***
Each paid or returned check, in-person withdrawal, recurring or one-time ATM card or debit card transaction, preauthorized automatic debit, telephone transfer, any other debit item or other electronic means that results in an overdraft or is returned due to holds on the account – No charge
***Unless prohibited by law, when a check or ACH transaction is presented against your account1 that exceeds your available balance by $5.00 or less, we will pay the check or ACH transaction and waive the Insufficient Funds or Uncollected Funds Charge. However, if your account is linked to a Checking, Savings, Money Market or Line of Credit account with us, your item will be paid from funds transferred from your Checking, Savings, Money Market or Line of Credit account.
1 When a check or ACH transaction is presented against your HSA account that exceeds your available balance and your account balance is negative, based on IRS regulations this is a prohibited transaction and your account will no longer qualify as an HSA account.
Except for the amendments highlighted above, all other terms and conditions regarding your deposit account disclosures continue to apply. As a reminder, all account disclosures are available by contacting a member of our Customer Service team at 888.366.6622 to request a print version.