Having a hard time deciding how to plan for health care spending? We can help. F&M Bank offers an HSA - Health Savings Account that will allow you to manage your out-of-pocket health care costs and take control of your savings.

Questions about Health Savings Accounts

Information about HSAs

Minimum Opening Balance $100
Account Fees $10 One-time Set Up Fee

$10 Minimum Balance Fee Per Quarter Applies if the Average Daily Balance for the Quarter Falls Below $1,000

A $3 Paper Statement Fee is Assessed for Each Paper Statement Mailed Unless You Enroll in eStatements.

$20 Early Closure Fee applies if the Account is Closed Within 90 Days of the Opening Date.
Tax-Exempt Custodial Account to Pay or Reimburse Certain Medical Expenses  Checkmark
Check Images Included
With Quarterly Statement
Free Debit MasterCard®1  Checkmark
Free Debit Card Alerts2  Checkmark
ATM access with your linked
F&M checking account’s
Debit MasterCard®1
Free Online Banking3  Checkmark
Free Mobile Banking2  Checkmark
Free eStatements & eNotices  Checkmark
Interest Competitive Variable Rate; Interest Accrues Daily and is Paid to the Account Quarterly
If the Account is Closed Before Interest is Paid, the Accrued Interest will not be Credited  Checkmark
Combined monthly statements  Checkmark

Some account features and benefits may be subject to separate application, agreement, fees, and/or approval. Terms, Conditions and Limitations may apply. Account features and benefits are subject to change with or without notice. For additional details, please refer to Services & Fees located at fmb.com/fees, or the agreement and disclosures provided at the time of account opening, or ask our office staff.

  • 1Other financial institutions and ATM operators may charge an additional surcharge fee for use of their ATM, which is disclosed and debited at the time of your transactions.
  • 2F&M Bank does not charge for this service, however, your wireless carrier may charge you fees related to this service.
  • 3Online Banking is available for clients 13 years old and over.