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Bank Rates and Fees
The Bancorp Bank USA

Rates 

Rate Information: This account is an interest bearing account. The interest rate will be paid at the rate shown for the entire balance in the account.

Daily Balance Interest Rate paid Annual Percentage
Yield paid
>= $0.01 and <= $999.99 .03% .03%
>= $1,000.00 and <= $4,999.99 .10% .10%
>= $5,000.00 and <= $49,999.99 .15% .15%
>= $50,000.00 and <= $99,999.99 .20% .20%
>= $100,000.00 and <= $999,999.99 .25% .25%
*Interest Rates and Annual Percentage Yields are current as of April 4, 2013. For current rate information call (847) 952-3700.


Fees

Health Savings
Account
Health SavingsPlus
Account
Monthly Account Fee $0* $0*
Monthly HSA PLUS Fee N/A $4.95
Debit Card Free Free
Online Banking Free Free
eStatement Free Free
Bill Payment Free Free
Pays Interest Yes Yes
Investment Option No Yes
Minimum Deposit No No
FDIC Insured Yes Yes - On the checking
portion of the account
No - On the invested portion of the account


Account Processing Services
Return Notification of large (>$2,500) NSF item $25.00
Overdraft Fee Exempt
Continuous Overdraft Fee Exempt
Stop Payment Fee $35.00
Stop Payment Fee when entered online $30.00
Automatic Funds Transfer Set up $15.00
Automatic HSA Savings Plan Set up Free
Bill Payment Free
Checks (Subject to Change) $21.99 for book of 50 duplicate checks


Star/Cirrus Fees
HSA Debit Card Free
Additional Card Free
Replacement Card Free
Withdrawals at First American ATM Free
Withdrawals at Non-First American STAR ATMs $3.00
with Direct Deposit
Withdrawals at Non-First American STAR ATMs $3.00
without Direct Deposit
Cirrus ATM Withdrawals Free Checking: $3.00
Student Checking: $3.00
Any other account: $3.00
Card Replacement Fee $10.00
Deposits and Transfers at all ATMs Free


Check Services
Foreign Draft $35.00
Collection Services $25.00
Non U.S. Checks Deposited Canadian in USD (<$5,000): $3.50
Canadian in CAD (<$5,000): $3.50 (plus exchange fees)
Foreign Currency: Market price
American Express Traveler’s Cheques $1.50 per $100.00
Official Check $5.00
Manual Check Processing Fee $1.00
Re-issue of Lost Interest Check $20.00


Special Services
Research $90.00 per hour
(Minimum Charge: $40.00)
Account Verification $10.00
Copy of Statement $10.00
Copy of Canceled Check or Deposit $5.00 per item
>90 days: $7.50 per item
Copy/Dup statement with enclosures $15.00
Audit Confirmation $20.00
Funds Verification $5.00
Auction Letter $50.00
CD Rom of Stmt w/Images Annual: $15.00
Monthly: $15.00
Check Images fronts and backs: $7.50
fronts: $5.00


Transfer Fees
ACH Incoming Free
Customer Requested Transfer $25.00
Outgoing Wire Transfer $25.00
Outgoing Repetitive Wire Transfer $15.00
International Wire Transfer $40.00
Incoming Wire Transfer $15.00
Account Link Transfer $10.00

This account is intended for the purpose of paying medical expenses associated with high deductible health plans. Please check with your employer to confirm eligibility to contribute to an HSA. Please check with your tax advisor to determine the maximum contribution you are allowed to make.

First American Bank is required to report all distributions and contributions to the IRS, including transactions made in error. 

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed annual percentage yield.

Limitations: You must deposit $0.01 to open this account. If you close your account before interest is credited, you will not receive the accrued interest. Accrued interest may be paid when the entire balance of the closed account is transferred to a new First American Bank Account.

Account Fees: Monthly paper statement fee: $3.95. Minimum daily or combined average balance of $2,000 must be maintained in a HSA, checking, savings, or money market to avoid the monthly maintenance fee for a paper statement of $3.95.

The primary owner (designated by the first named owner on the signature card or on the statement) must enroll in our Online Banking Service and accept the Online Banking Agreement before the account will be converted to free electronic statements. During the first 90 days after opening, the fee for any paper statements generated will be waived. If, after 90 days, the primary owner has not accepted the Online Banking Agreement, the account is subject to the paper statement fee.

An overdraft charge is imposed for overdrafts created by checks, in person withdrawals, ATM withdrawals, or by other electronic means, as applicable. See service fee schedule for complete information. Fees may reduce earnings on this account.

This disclosure contains information about terms, fees, and interest rates for some of the accounts we offer.

*A $3.95 monthly fee will be charged if the customer elects to receive a paper statement.  The fee will be waived if; 1) the customer elects to receive eStatements only; or 2) a combined minimum average daily balance of $2,000 is maintained between the checking portion of the Health Savings Account and an associated checking, NOW, savings or money market account.


Need more information on First American Bank?
Online Account Application

* In the funding screen please click "Funding by Check" if your employer will be making your contributions via payroll deposits. You do not need to enter a dollar amount in the funding screen as HSA accounts may be opened with a zero balance.

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