HSA Vendor Comparisons
| The Bancorp Bank | HSABank | American Chartered Bank | |
|---|---|---|---|
Setup Fee |
$0 |
$0 |
$0 |
Monthly Fee |
$2.50 (waived on bal of $2,500 or more) or for direct deposit" |
$2.50 (waived on bal of $3,000 or more) |
$0 |
Choice of investments (Y/N) |
Y for bal over $2,500 |
Y |
Y |
Broker Account Fee |
$0 |
$0 |
N/A |
Credit Card Fees |
First card free; $10 per replacement card |
First and second card free; No renewal fee |
No fee VISA check card |
Lost Card Replacement |
Free |
$12 |
$10 |
Termination of Debit Card Access |
$12 |
||
Check Transactions |
Free |
Free |
Free |
Debit Card POS Purchase Via Signature |
Free |
Free |
Free |
Per ATM Fee |
Free, Reimbursement of up to $10 per month for other bank’s ATM surcharge fees |
$2 |
Free, subject to provider fees |
Per POS using PIN |
Free |
$2 |
Free |
First order of checks |
Free |
$7.95 |
$13.45 |
24/7 Customer Service |
Yes |
Yes |
M-F 8-6 Sat 8-3 |
Deposit tickets |
Free |
With Checks |
With Checks |
Copy of Statement |
$3 each |
$4 |
$5 |
Check Copies |
$1 per copy |
$4 |
$0 |
Check Images |
Available online |
Available online |
$0 |
Request Copy of 1099, 5498 or Year-end Status Report |
Free |
$4 |
$5 |
Corrected IRS Filing Fee |
$25 |
Bank Error - Free |
|
Insufficient Funds |
$30 per item |
$30 |
$29 per item, daily fee of $5 per day effective the 4th business day |
Uncollected item |
$30 per item |
Call | $10 per item |
Deposited Item Returned |
$7 per item |
$25 per item |
$10 per item |
Excess Contribution Distribution |
$0 |
$25 |
No fee |
Account Closure Fee |
$0 |
$25 |
No fee |
Stop Payment |
$15 |
$25 |
$18 |
Check Reorder |
Varies by style and quantity |
$7.95 |
Prices vary |
Treasurer's / Cashier's Check |
$8 |
$4 |
First 5 free, then $2 a piece |
IRS Levy, Legal Requests or Subpoena |
$100 |
Free | $100 |
Writ |
$175 |
Free | $100 |
Wire Transfers - Domestic Incoming |
Free |
$15 |
$8 |
Wire Transfers - Domestic Outgoing |
$12 |
$15 |
$20 |
Wire Transfers - International Incoming |
Free |
$15 |
$8 plus bank fees |
Wire Transfers - International Outgoing |
$45 |
$15 |
$40 |
Research |
$25 per hour /$10 min. |
Call | $30 per hour |
Customer Deposit UPS Fee for use of vendor without use of proper documentation and/or codes |
$10 |
n/a |
n/a |
Credit Card Funds Transfer - Incoming |
2.5% of Transaction amount |
Not Available |
Not Available |
Electronic Bank Transfers or ACH - Incoming |
Free |
Free |
$0 |
Electronic Bank Transfers or ACH - Outgoing |
$1.50 per transaction |
Free |
$0 |
Interest rates |
0-$499 = 1.25 |
0-$499 = 1.00 |
0-$999 = 1.00 |
Min. Balance Requirements |
$0 |
No minimum balance |
$0 |
Other |
Free account for first 90 days, No annual debit card fee and first check order free, Free ACH money transfer functions |
Free Online Banking, including bill pay (requires separate online registration once the applicant receives their account confirmation package.) No minimum balance requirement or monthly maintenance, activity fees or closing costs. Check and/or debit card availability. Check order fee payable with application. |