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
| 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. $15 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 |  |
| Check Images Included With Quarterly Statement |
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| Free Debit MasterCard®1 | |
| Free Debit Card Alerts2 | |
| ATM access with your linked F&M checking account’s Debit MasterCard®1 |
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| Free Online Banking3 | |
| Free Mobile Banking2 | |
| Free eStatements & eNotices | |
| 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 |  |
| Combined monthly statements | |
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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.