Fifth Third Pricing and Services at a Glance
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Fifth Third Pricing and Services at a Glance Simple. Straightforward. Transparent. Account Opening and Usage Minimum Deposit Needed $0 to Open Account Health Savings Account: Online (Self) Enrollment1: $5.00 One-time Enrollment Charge1 Enrollment by Employer1: $10.00 Paper Application1: $20.00 Health Savings Account: Average daily balance < $5002: $3.50 Monthly Service Charge Average daily balance $500.01-$2,0002: $3.00 Average daily balance $2,000.01-$3,0002: $2.50 Average daily balance $3,000.01-$4,0002: $2.00 Average daily balance > $4,000.002: $0.00 Health Savings Account: Average daily balance greater than $4,000.00 Requirements to Waive Monthly Service Charge Interest Rate The Fifth Third Bank HSA Cash Account is a deposit account that is FDIC-insured up to the maximum amount permitted by law and earns a competitive rate of interest. Any interest earned on contributions to an HSA accumulates tax-free. The interest rate earned in your HSA Cash Account will only be applicable to the cash amount in each respective tier. HSA Cash Interest Minimum Maximum Account Rate Annual Annual Daily Percentage Percentage Balance Yield (APY) Yield (APY) $0.01 - .25% .25% APY .25% APY $2,000 >$2,000.01 .40% .25% APY .40% APY As of September 1, 2018 Fifth Third and Partner Networks ATM Fees $03 Non Fifth Third ATM Transactions No fee assessed by Fifth Third Bank; fees may be assessed by the ATM operator. HSA Checks $24.99 Box of 50 Account Closure Fee $25.004* Outgoing Rollover Fee $25.004* Other Service Fees Account Information Copy of statement Per Request $5 per copy (retrieve existing statement) Copy of Check Per Request $5 per copy Payment Information Stop Payment Fee $33 per item. Debit Card Services HSA Debit MasterCard $0 for the first two cards Additional Card / Card Replacement Fee $10 each Other Mutual Fund Participation $25 Monthly Fee Processing Policies Funds Availability Policy Electronic Direct Deposits and Wire Transfers – Same When funds deposited to your account are Business Day we receive the deposit. available. Check/Cash Deposit at ATM prior to cut-off time - Up to $100 of the total of your check deposits for the day will be available on the day we receive the deposit. Remaining funds will be available on the first Business Day after the day we receive your deposit. * In some situations we may notify you after your deposit is made that your funds will not be available for up to 8 business days. A Business Day is a non-holiday weekday. Funds received after certain cut-off times may be credited the next business day. Please see Rules and Regulations brochure for details. Error Resolution In Case of Errors or Questions About Your Electronic Electronic transactions and to report lost/stolen Transfers: cards or password, unauthorized transfers. Telephone Us: 1-888-350-5353 Write us: Fifth Third Bank Attention: HSA Operations 5050 Kingsley Drive MD 1MOC2G Cincinnati, OH 45263 Please see Rules and Regulations brochure for details. HAVE QUESTIONS? Call: 1-888-350-5353 or click www.53hsa.com. The Fifth Third Bank HSA Cash Account earns interest. 3 Fifth Third is part of the Allpoint®, Presto!, and 7- Please request a Rate Sheet or visit 53.com for the Eleven® network of ATMs, which features more than interest rates and annual percentage yields. The Bank 50,000 fee-free ATMs nationwide. Customers of Fifth may change the interest rate and annual percentage Third Bank can use their Fifth Third HSA Debit card to yield (APY) at any time without notice. Your interest withdraw cash fee-free from any domestic Allpoint® ATM begins to accrue no later than the business day we in addition to Presto! ATMs located in Publix stores, and receive credit for the deposit of non-cash items (for 7-Eleven® ATMs listed on our ATM locator on 53.com or example, checks). Interest on your account will be on our Mobile Banking app. ATM fees may apply to compounded continuously and credited monthly. The certain 7-Eleven® locations in Oklahoma, Hawaii and Bank uses the daily balance method to calculate interest Alaska. Any 7-Eleven® location listed on our ATM on your account. This method applies a daily periodic locator is fee free. rate to the balance in your account each day. When your account is closed you will forfeit any accrued interest. 4 Fee is charged and deducted at the time the account is closed or rolled over to another institution. Accounts Fifth Third Bank pays the stated interest rate and annual without transactional activity within 180 days of account percentage yield (APY) only on that portion of the opening will automatically be closed. Any account balance within the specified tier. The Annual Percentage maintaining a $0.00 balance for 16 consecutive months Yield Earned (APYE) during a statement period is an will automatically be closed. The fee will be the lesser of annualized rate that reflects the relationship between the $25.00 or the remaining balance in your account at time daily balance and the amount of interest actually earned of closure/rollover request. on the account within the applicable tier(s). 5 Please refer to each individual Prospectus for fees Annual Percentage Yield accurate as of date listed in related to each Mutual Fund available through the Fifth Interest Information. Rates may change after the Third Bank HSA Investment Options. A balance of account is opened. Fees may reduce earnings. $2,000 in the HSA Cash Account is required before investing in mutual funds. An Investment Administration Fifth Third Bank may change the amount or type of any Fee totaling 20 basis points annually will be assessed. of the above fees or add additional fees at any time in (Basis points are typically used to measure interest rates accordance with the terms of the Health Savings and other financial percentages. This fee will be applied Custodial Account Agreement. to your HSA Investment Account at the end of each 1 calendar quarter in increments of 5 basis points, or If your account is opened through an Employer-based 0.05% of the total average balance in your investment plan then your Employer or TPA may pay your One-time account. (One basis point equals 1/100th or 0.01% of Enrollment Fee. Please refer to your Employer-provided your total average investment account balance.) Mutual benefits information to understand if your Employer pays funds are not insured by the FDIC; are not deposits with, this fee for you. obligations of or guaranteed by Bell Bank, Fifth Third 2 Bank or any other bank; and are subject to investment If your account is opened through an Employer-based risk, including possible loss of the principal amount plan then your Employer or TPA may pay your Monthly invested. HSA Service Fee. Please refer to your Employer- provided benefits information to understand if your Employer pays this fee for you. If your employment is terminated for any reason, you will be responsible for payment of the Monthly HSA Service Fee which is currently set based on the balance in your account. Please refer to the Health Savings Account Monthly Service Charge section on page 1. Fifth Third Bank – Health Savings Account (HSA) Interest Information The Fifth Third Bank HSA Cash Account is a deposit account that is FDIC-insured up to the maximum amount permitted by law and earns a competitive rate of interest. Any interest earned on contributions to an HSA accumulates tax-free. The interest rate earned in your HSA Cash Account will only be applicable to the cash amount in each respective tier. Health Savings Account (HSA) Cash Account deposits will be: HSA Cash Account Minimum Annual Maximum Annual Daily Balance Interest Rate Percentage Yield Percentage Yield (APY) (APY) $0.01 - $2,000 .25% .25% APY .25% APY $2,000.01 and up .40% .25% APY .40% APY Interest rates effective as of December 1, 2010 The Fifth Third Health Savings Account earns interest. The interest rate and annual percentage yield may change. At the bank’s discretion, the bank may change the interest rate and annual percentage yield at any time on your account. Your interest begins to accrue no later than the business day Fifth Third receives credit for the deposit of non-cash items (for example, checks). Interest on your account will be compounded continuously and credited monthly. Fifth Third uses the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the balance in your account each day. If an account is closed before accrued interest is credited, you will not receive any accrued interest. Fifth Third Bank pays the stated interest rate and annual percentage yield (APY) only on that portion of the balance within the specified tier. The Annual Percentage Yield Earned (APYE) during a statement period is an annualized rate that reflects the relationship between the daily balance and the amount of interest actually earned on the account within the applicable tier(s). Annual Percentage Yield accurate as of date listed in Interest Information. Rates may change after the account is opened. Fees may reduce earnings. No minimum balance required to open the account. September 2018 Fifth Third Bank Health Savings Account Custodial Agreement The Account Owner named on the Application is establishing this 4. For funds to sweep to your Investment Account from your Fifth Third Bank Health Savings Account (HSA) exclusively for HSA Cash Account, or for funds to sweep from your HSA the purpose of paying or reimbursing qualified medical expenses Investment Account to your HSA Cash Account, you must of the Account Owner, his or her spouse, and dependents.