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A Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents.
Arthur State Bank now offers these accounts to qualified customers. Each Health Savings Account will be charged a $5.00 monthly service charge. This fee will be waived when the account has an average balance of $1,500 or the customer has a Certificate of Deposit with $10,000 or more.
To find out more, please contact a customer service representative at your local branch.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.