Contributions Generally. (a) We will only accept cash contributions to your HSA. No property or in-kind transfers will be accepted. There is currently no minimum periodic contribution amount, but we reserve the right to require a minimum periodic contribution in the future, upon prior notice to you. (b) All contributions made by you or on your behalf to your HSA are initially allocated to the Deposit Account. Once the balance of your Deposit Account reaches the Investment Threshold, the balance in excess of the Investment Threshold may be invested thereafter in accordance with your instructions, subject to the terms of this Agreement and such policies and procedures as we may implement. (i) Once the balance of your Deposit Account reaches the Sweep Threshold, the balance in excess of the Sweep Threshold may be invested thereafter in accordance with your instructions, subject to the terms of this Agreement and such policies and procedures as we may implement. (ii) HSA funds in an amount less than $1.00 cannot be transferred into the HSA Investment Account. (c) For payroll deductions received from your employer, your funds will generally become available one Business Day after your employer’s payroll is received and allocated to your HSA. Electronic funds transfers, including ACH credit transfers and wire transfers to your HSA, will generally be available one Business Day after the Business Day we receive the funds. If you request a transfer of funds by ACH debit transfer to your HSA, those funds will generally be available three Business Days after the day you initiate the transfer. Contributions by check generally will be available three Business Day after the check is received by us. In certain circumstances, however, longer delays may apply. (d) We will determine the applicable interest rate payable on the balance of your Deposit Account. At our discretion, we may at any time change the interest rate and annual percentage yield. We will provide you with notice of any such change in accordance with applicable laws. The interest rate paid with respect to your HSA may be higher or lower than the interest rate available to depositors making deposits at depository institutions in comparable accounts. In addition, we reserve the right to establish (and change) balance levels on which different rates of interest may be paid. For current interest rate information, please refer to the Interest Rate disclosure on the Portal or call our toll-free number at ▇-▇▇▇-▇▇▇-▇▇▇▇. (e) Except for Rollover Contributions described below, all contributions made by you or on your behalf to your HSA must be made in accordance with our procedures and while you are an Eligible Individual. Contributions are considered made when received except that contributions received after normal business hours will be considered made on the next Business Day that is not a holiday. For more information about our policies for personal checks, remotely created checks, and other payment types, please refer to the Portal or call our toll-free number at ▇-▇▇▇-▇▇▇-▇▇▇▇. For more information regarding when funds deposited in or transferred to your HSA become available for withdrawal, see Article III below. (f) We will accept Rollover Contributions (as defined by IRS Rules) from another HSA or Medical Savings Account (“MSA”) as defined in Internal Revenue Code Section 220. You are solely responsible for deciding whether to rollover or transfer funds to an HSA maintained in accordance with this Agreement and you are solely responsible for identifying for us any contributions to your HSA that are “Rollover Contributions.” All Rollover Contributions must be accompanied by the Contributions form located on the Portal. You may also request the custodian or trustee of another HSA or MSA to make a direct transfer of your assets in another HSA or MSA to an HSA established in accordance with this Agreement (“Trustee to Trustee Transfers”). You may also make a one-time transfer from an IRA to an HSA (“Qualified HSA Funding Distribution”) in accordance with Internal Revenue Code Section 408 (and the regulations issued thereunder) and the IRS Rules. We are not responsible for monitoring the number of Qualified HSA Funding Distributions you make. We will only accept Trustee to Trustee transfers and Qualified HSA Funding Distributions that are made in accordance with our standard policies and procedures. (g) All contributions received by us during a calendar year (other than contributions identified by you as Rollover Contributions, Trustee to Trustee Transfers and Qualified HSA Funding Distributions) are allocated to your HSA for the calendar year in which they are received unless you notify us that a contribution should be allocated to a prior year and such request is timely and made in accordance with IRS Rules and our standard policies and procedures. (h) We reserve the right to adjust your HSA balance to correct a funding error.
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Contributions Generally. (a) We will only accept cash contributions to your HSA. No property or in-kind transfers will be accepted. There is currently no minimum periodic contribution amount, but we reserve the right to require a minimum periodic contribution in the future, upon prior notice to you.
(b) All contributions made by you or on your behalf to your HSA are initially allocated to the Deposit Account. Once the balance of your Deposit Account reaches the Investment Threshold, the balance in excess of the Investment Threshold may be invested thereafter in accordance with your instructions, subject to the terms of this Agreement Agreement, the Investment Terms and Conditions, and such policies and procedures as we may implement.
(i) Once the balance of your Deposit Account reaches the Sweep Threshold, the balance in excess of the Sweep Threshold may be invested thereafter in accordance with your instructions, subject to the terms of this Agreement and such policies and procedures as we may implement.
(ii) HSA funds in an amount less than $1.00 cannot be transferred into the HSA Investment Account.
(c) For payroll deductions received from your employer, your funds will generally become available one Business Day after your employer’s payroll is received and allocated to your HSA. Electronic funds transfers, including ACH credit transfers and wire transfers to your HSA, will generally be available one Business Day after the Business Day we receive the funds. If you request a transfer of funds by ACH debit transfer to your HSA, those funds will generally be available three Business Days after the day you initiate the transfer. Contributions by check generally will be available three Business Day after the check is received by us. In certain circumstances, however, longer delays may apply.
(d) We will determine the applicable interest rate payable on the balance of your Deposit Account. At our discretion, we may at any time change the interest rate and annual percentage yield. We will provide you with notice of any such change in accordance with applicable laws. The interest rate paid with respect to your HSA may be higher or lower than the interest rate available to depositors making deposits at depository institutions in comparable accounts. In addition, we reserve the right to establish (and change) balance levels on which different rates of interest may be paid. For current interest rate information, please refer to the Interest Rate disclosure on the Portal or call our toll-free number at ▇-▇▇▇-▇▇▇-▇▇▇▇disclosure.
(e) Except for Rollover Contributions described below, all contributions made by you or on your behalf to your HSA must be made in accordance with our procedures and while you are an Eligible Individual. Contributions are considered made when received except that contributions received after normal business hours will be considered made on the next Business Day that is not a holiday. For more information about our policies for personal checks, remotely created checks, and other payment types, please refer to the Portal or call our toll-free number at ▇-▇▇▇-▇▇▇-▇▇▇▇. For more information regarding when funds deposited in or transferred to your HSA become available for withdrawal, see Article III below.
(f) We will accept Rollover Contributions (as defined by IRS Rules) from another HSA or Medical Savings Account (“MSA”) as defined in Internal Revenue Code Section 220. You are solely responsible for deciding whether to rollover or transfer funds to an HSA maintained in accordance with this Agreement and you are solely responsible for identifying for us any contributions to your HSA that are “Rollover Contributions.” All Rollover Contributions must be accompanied by the Contributions form located on the Portal. You may also request the custodian or trustee of another HSA or MSA to make a direct transfer of your assets in another HSA or MSA to an HSA established in accordance with this Agreement (“Trustee to Trustee Transfers”). You may also make a one-time transfer from an IRA ▇▇▇ to an HSA (“Qualified HSA Funding Distribution”) in accordance with Internal Revenue Code Section 408 (and the regulations issued thereunder) and the IRS Rules. We are not responsible for monitoring the number of Qualified HSA Funding Distributions you make. We will only accept Trustee to Trustee transfers and Qualified HSA Funding Distributions that are made in accordance with our standard policies and procedures.
(g) All contributions received by us during a calendar year (other than contributions identified by you as Rollover Contributions, Trustee to Trustee Transfers and Qualified HSA Funding Distributions) are allocated to your HSA for the calendar year in which they are received unless you notify us that a contribution should be allocated to a prior year and such request is timely and made in accordance with IRS Rules and our standard policies and procedures.
(h) We reserve the right to adjust correct any error related to your HSA balance to correct a funding errorHSA, including the withdrawal of funds.
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Contributions Generally. (a) We will only accept cash contributions to your HSA. No property or in-kind transfers will be accepted. There is currently no minimum periodic contribution amount, but we reserve the right to require a minimum periodic contribution in the future, upon prior notice to you.
(b) All contributions made by you or on your behalf to your HSA are initially allocated to the Deposit Account. Once the balance of your Deposit Account reaches the Investment Threshold, the balance in excess of the Investment Threshold may be invested thereafter in accordance with your instructions, subject to the terms of this Agreement Agreement, the Investment Terms and Conditions, and such policies and procedures as we may implement.
(i) Once the balance of your Deposit Account reaches the Sweep Threshold, the balance in excess of the Sweep Threshold may be invested thereafter in accordance with your instructions, subject to the terms of this Agreement and such policies and procedures as we may implement.
(ii) HSA funds in an amount less than $1.00 cannot be transferred into the HSA Investment Account.
(c) For payroll deductions received from your employer, your funds will generally become available one Business Day after your employer’s payroll is received and allocated to your HSA. Electronic funds transfers, including ACH credit transfers and wire transfers to your HSA, will generally be available one Business Day after the Business Day we receive the funds. If you request a transfer of funds by ACH debit transfer to your HSA, those funds will generally be available three Business Days after the day you initiate the transfer. Contributions by check generally will be available three Business Day after the check is received by us. In certain circumstances, however, longer delays may apply.
(d) We will determine the applicable interest rate payable on the balance of your Deposit Account. At our discretion, we may at any time change the interest rate and annual percentage yield. We will provide you with notice of any such change in accordance with applicable laws. The interest rate paid with respect to your HSA may be higher or lower than the interest rate available to depositors making deposits at depository institutions in comparable accounts. In addition, we reserve the right to establish (and change) balance levels on which different rates of interest may be paid. For current interest rate information, please refer to the Interest Rate disclosure on the Portal or call our toll-free number at ▇-▇▇▇-▇▇▇-▇▇▇▇disclosure.
(e) Except for Rollover Contributions described below, all contributions made by you or on your behalf to your HSA must be made in accordance with our procedures and while you are an Eligible Individual. Contributions are considered made when received except that contributions received after normal business hours will be considered made on the next Business Day that is not a holiday. For more information about our policies for personal checks, remotely created checks, and other payment types, please refer to the Portal or call our toll-free number at ▇-▇▇▇-▇▇▇-▇▇▇▇. For more information regarding when funds deposited in or transferred to your HSA become available for withdrawal, see Article III below.
(f) We will accept Rollover Contributions (as defined by IRS Rules) from another HSA or Medical Savings Account (“MSA”) as defined in Internal Revenue Code Section 220. You are solely responsible for deciding whether to rollover or transfer funds to an HSA maintained in accordance with this Agreement and you are solely responsible for identifying for us any contributions to your HSA that are “Rollover Contributions.” All Rollover Contributions must be accompanied by the Contributions form located on the Portal. You may also request the custodian or trustee of another HSA or MSA to make a direct transfer of your assets in another HSA or MSA to an HSA established in accordance with this Agreement (“Trustee to Trustee Transfers”). You may also make a one-time transfer from an IRA to an HSA (“Qualified HSA Funding Distribution”) in accordance with Internal Revenue Code Section 408 (and the regulations issued thereunder) and the IRS Rules. We are not responsible for monitoring the number of Qualified HSA Funding Distributions you make. We will only accept Trustee to Trustee transfers and Qualified HSA Funding Distributions that are made in accordance with our standard policies and procedures.
(g) All contributions received by us during a calendar year (other than contributions identified by you as Rollover Contributions, Trustee to Trustee Transfers and Qualified HSA Funding Distributions) are allocated to your HSA for the calendar year in which they are received unless you notify us that a contribution should be allocated to a prior year and such request is timely and made in accordance with IRS Rules and our standard policies and procedures.
(h) We reserve the right to adjust correct any error related to your HSA balance to correct a funding errorHSA, including the withdrawal of funds.
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