Page 18 - Busey 2020 Benefits Guide
P. 18
To open an HSA at Busey, see a Personal/Universal Banker or go to
Busey.com. You’ll need the following items.
Your Social Security Number
Your photo ID
Once you have opened your account, you will receive your HSA debit
card within 7–10 days.
What If I Want to Roll My HSA Over to Busey From a
Different Bank?
You do not have to roll over your HSA. However, if you would like to
move your funds to Busey, please see a Personal/Universal Banker to
complete the appropriate paperwork. Busey does not charge rollover fees
when moving your account. The IRS limits rollovers to once every 12
months.
Busey HSA Fees
Item Fee
Account set-up fee None
Monthly account fee Busey is covering this cost for associates
Paper statements $0
Debit card issuance $0
Replace lost or stolen debit card $10*
Check orders $17 .90*
ATM distributions Not allowed but can check balance
* Cannot be deducted from HSA.
Where Can I Find More Information on HSAs?
This document is meant to serve as a high level summary of HSAs.
We encourage you to familiarize yourself with all of the rules and
regulations pertaining to HSAs. To view statute, technical guidance and
other consumer friendly information released by the U.S. Department of
Treasury, visit www.treasury.gov.
18 2020 Benefits Guide
Busey.com. You’ll need the following items.
Your Social Security Number
Your photo ID
Once you have opened your account, you will receive your HSA debit
card within 7–10 days.
What If I Want to Roll My HSA Over to Busey From a
Different Bank?
You do not have to roll over your HSA. However, if you would like to
move your funds to Busey, please see a Personal/Universal Banker to
complete the appropriate paperwork. Busey does not charge rollover fees
when moving your account. The IRS limits rollovers to once every 12
months.
Busey HSA Fees
Item Fee
Account set-up fee None
Monthly account fee Busey is covering this cost for associates
Paper statements $0
Debit card issuance $0
Replace lost or stolen debit card $10*
Check orders $17 .90*
ATM distributions Not allowed but can check balance
* Cannot be deducted from HSA.
Where Can I Find More Information on HSAs?
This document is meant to serve as a high level summary of HSAs.
We encourage you to familiarize yourself with all of the rules and
regulations pertaining to HSAs. To view statute, technical guidance and
other consumer friendly information released by the U.S. Department of
Treasury, visit www.treasury.gov.
18 2020 Benefits Guide
