If you are covered by one of our HSA compatible health plans,
then a tax-advantaged Health Savings Account may be for
you. Health Savings Accounts (HSAs),
are accounts that help pay for your medical care and allow
you to build up savings to pay for future medical
expenses.
CBIA HSAs are comprised of two parts, your choice
of four HSA
compatible health plans and the tax advantaged Health Savings Account
vehicle.
Vendor
Service Fees |
The
Bancorp Bank |
HSABank |
American
Chartered Bank |
Setup
Fee |
$0 |
$22 for paper / $10 for online enrollment |
$0 |
Monthly
Fee |
$2.50
(waived on bal of $2,500 or more) or for direct deposit" |
$1.75 (waived on bal of $3,000 or more) |
$0 |
Choice
of investments (Y/N) |
Y
for bal over $3000 |
Y |
N
(cds) |
Broker
Account Fee |
$0 |
$0 |
N/A |
Credit
Card Fees |
First
card free; $10 per replacement card |
First and second card free; two year renewal for each card is $3 |
No
charge |
| Lost
Card Replacement |
Free |
$6 |
$10 |
Termination
of Debit Card Access |
|
$6 |
|
Check
Transactions |
Free |
Free |
Free |
Debit
Card POS Purchase Via Signature |
Free |
Free |
Free |
Per
ATM Fee |
Free,
subject to provider fees |
$1.50 |
Free,
subject to provider fees |
Per
POS using PIN |
Free |
$1.50 |
Free |
First
order of checks |
Free |
$7.95 |
$19
for 150 checks |
24/7
Customer Service |
Yes |
Yes |
M-F
8-8 Sat 8-4 Sun 10-3 |
Deposit
tickets |
Free |
With Checks |
Free
from bank on request (If ordered from outside vendor
nominal fee) |
Copy
of Statement |
$3
each |
Free |
$5 |
Check
Copies |
$1
per copy |
$0 |
$0 |
Check
Images |
Available
on The Bancorp website |
Free |
$0 |
Request
Copy of 1099, 5498 or Year-end Status Report |
Free |
$2 |
$5 |
Corrected
IRS Filing Fee |
|
$10 (non-bank error) |
Bank
Error - Free |
Insufficient
Funds |
$30
per item |
$10 |
$27 |
Uncollected
item |
$30
per item |
Call |
$10
per item |
Deposited
Item Returned |
$7
per item |
$10 per item |
$10
per item |
Excess
Contribution Distribution |
$0 |
$20 |
No
fee |
Account
Closure Fee |
$0 |
$25 |
No
fee |
Stop
Payment |
$15 |
$16 |
$15 |
Check
Reorder |
Varies
by style and quantity |
$7.95 |
Prices
vary |
Treasurer's
/ Cashier's Check |
$8 |
$4 (the manual withdrawal request) |
First
5 free, then $2.00 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 |
$0 |
Electronic
Bank Transfers or ACH - Incoming |
Free |
Free |
$0 |
Electronic
Bank Transfers or ACH - Outgoing |
$2
per transaction |
Free |
$0 |
Interest
rates |
0-$999
= 1.65
$1,000-$4,999 = 1.90
$5,000-$9,999 = 2.30
$10,000-$14,999 = 3.00
$15,000 and over = 4.00 |
0-$499 = 1.00
$500-$2,499 = 1.98
$2,500-$4,999 = 2.28
$5,000-$14,999 = 3.25
$15,000 and over = 4.65 |
0-$999 = 1.00
$1,000-$4,999 = 2.00
$5,000-$9,999 = 3.05
$10,000 and over = 4.25 |
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 ($12.95) check order fee payable with application. |
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