Mellon HSA Fees & Information
In 2004, Affiliated Computer Services ( a Xerox Company) and The Bank Of NY Mellon partnered to
form The HSA Solution. It has now grown to be one of the #1 HSA Administrator in the U.S. based on
the number of customer Health Savings Accounts.
|
HSA Interest Rate
(APY)
|
0.25% - Rate as of 2/2010 - Subject to change
|
FDIC Insured
(Funds in Interest-bearing Account) |
Yes |
Securities Investment Options
(Brokerage Account) |
| Options: |
Choose from a wide range of no-load mutual funds. |
| Threshold: |
Invest in mutual funds when your cash balance reaches $2,000. Once the
investment account is opened, no minimum amount required. |
|
| Fees |
| Set Up Fee: |
$15 |
| Monthly Maintenance Fee: |
$3.50 (under $1000 balance) |
| Closing Fee: |
$0 |
| Investment Account Fee: |
$2.90 monthly |
| Investment Transaction: |
$0.00 |
| Checks: |
$5 per checkbook |
| Debit Cards: |
Replacement Cards: $5 for each additional card; no charge for first
two debit cards. |
| Copy of Statement or Check |
$5 |
| Account Rollover Fee: |
$25 |
| Returned Check Fee |
$25 |
| Stop Payment Fee |
$25 |
| Other Fees: |
See fee schedule in enrollment documents |
|
| Auto Reimbursement |
Use your debit card for reimbursement at the ATM or create a bank transfer from your
HSA. |
| Balance Requirements |
$20 account opening minimum |
| Statements/Reporting |
Monthly online statements (optional paper statements for a fee). Investment account
quarterly statements. Tax reporting statements send annually. |
This information is for illustration purposes only and was valid as of 2/18/2010. Please contact the HSA
Solution plan administrator directly for current details as they do change frequently.
| 