HSA Debit Card. If you will be using your debit card to access a Health Savings Account (HSA), portions of this Agreement governed by Regulation E will not apply. A HSA account is defined by the IRS as a trust account, and therefore is not covered under Reg E. But portions of this Agreement such as Visa “0” liability for unauthorized use for example, do apply. Funds to cover your card purchases will be deducted from your checking account. You may use your card and personal identification number (PIN) in ATMs of the Credit Union, Pulse and Cirrus networks, and such other machines or facilities as the Credit Union may designate. At the present time, you may also use your card to: - Withdraw funds from your HSA checking accounts. - Obtain balance information for your HSA checking accounts. - Make point-of-sale (POS) transactions with your card and personal identification number (PIN) to purchase goods or services at merchants that accept Mastercard. - Order goods or services by mail or telephone from places that accept Mastercard. The following limitations on HSA Debit Card transactions may apply: - There is no limit to the number of cash withdrawals you may make in any one (1) day from an ATM machine. - You may withdraw up to a maximum of $1,000.00 in any one (1) day from an ATM machine, if there are sufficient funds in your account. - There is no limit on the number of POS transactions you may make in any one (1) day. - You may purchase up to a maximum of $2,000.00 from POS terminals per day, if there are sufficient funds in your account. - For security purposes, there are other limits on the frequency and amount of transfers available at ATMs. - See Section 2 for transfer limitations that may apply to these transactions.
HSA Debit Card. If you will be using your debit card to access a Health Savings Account (HSA), portions of this Agreement governed by Regulation E will not apply. An HSA account is defined by the IRS as a trust account, and therefore is not covered under Regulation E. But portions of this Agreement such as MasterCard “0” liability for unauthorized use for example, do apply. Funds to cover your card purchases will be deducted from your health savings account In addition, you may use your card without a PIN for certain transactions on the Visa or MasterCard networks. However, provisions of this Agreement relating to Visa or MasterCard transactions do not apply to transactions processed through non-Visa or MasterCard networks. To initiate a Visa or MasterCard Debit transaction, you may sign a receipt, provide a card number or swipe your card through a point-of-sale (POS) terminal and choose to route the transaction over a Visa or MasterCard network. Please refer to the Member Liability section of this Agreement for terms and conditions. At the present time, you may also use your card to: • Make deposits to your health savings checking account. • Withdraw funds from your health savings checking account. • Transfer funds from your health savings checking account. • Obtain balance information from your health savings checking account. • Make a point-of-sale (POS) transactions with your card and personal identification number (PIN) to purchase goods or services at merchants that accept MasterCard. • Order goods or services by mail or telephone from places that accept Mastercard. The following limitations on HSA Debit Card transactions: • There is no limit on the number of HSA Debit Card purchases you make per day. • Purchase amounts are limited to the amount in your account. • You may purchase up to a maximum of $1500 per day. • There is no limit in the number of POS transactions you may make in any one (1) day. • You may transfer up to the available amount at the time of the transfer. • See Transfer Limitation section for transfer limitations that may apply to these transactions.
HSA Debit Card. You may use your Health Savings Account (HSA) Debit Card only for normal distributions (i.e., distributions to pay for qualified medical expenses at any establishment). We may limit the amount of your purchases to the amount that is available in your account at the time of purchase. We will report to the IRS all distributions made via the debit card as a normal distribution. It is your responsibility to ensure that funds are used only for qualified medical expenses as stated in your HSA Custodial Account Agreement. The HSA Debit Card permits withdrawals from the ATM to reimburse yourself for expenses you paid out-of-pocket. You agree to pay all transactions to your Checking Account that are made by you or anyone whom you authorize to use your HSA Debit Card. The HSA does not have overdraft features. Should you overdraw your account, you will be subject to fees as noted in the Fee Schedule.
HSA Debit Card. HSA debit card use is restricted to health care providers and merchants providing qualified medical products and services such as doctors’ offices, pharmacies, and medical supply stores. Any medical service provider or health care merchant that accepts MasterCard or STAR accepts your HSA debit card. When using the Credit Union HSA debit card to access your Health Savings Account (HSA), portions of this Agreement governed by Regulation E will not apply. A Health Savings Account as defined by the IRS is a trust account, and therefore is not covered under Regulation E. You agree to use the HSA debit card in accordance with the HSA agreement. Funds to cover purchases paid with the HSA debit card will be deducted from your Credit Union Health Savings Account (HSA). The Credit Union does not guarantee that all approved payments made with the HSA debit card are, in fact, qualified medical expenses. At present time, you may use the HSA debit card to purchase qualified medical products and services as follows: ❖ Point-of-sale (POS) purchase transactions with your card and personal identification number (PIN) from health care providers and merchants that accept the HSA debit card. ❖ Point-of-sale (POS) purchase transactions with your card and signature from health care providers and merchants that accept the HSA debit card. ❖ When ordering qualified medical products and services online, by mail, or by telephone. The following limitations on HSA debit card transactions may apply: ❖ Use of the card is restricted to the payment of medical expenses incurred under a high-deductible health plan. ❖ Use of the card is restricted to health care service providers and merchants providing qualified health care products and services. ❖ You may make no more than 10 purchases per day with the HSA debit card. ❖ Purchase amounts are limited and will not exceed the amount in your account. The Credit Union will not authorize overdraft coverage with the HSA debit card. ❖ Your HSA debit card will not work at ATMs. It is important that you report a lost or stolen HSA debit card and unauthorized HSA debit card purchases immediately to limit your liability for losses. To report a lost or stolen HSA debit card or unauthorized card transactions on your HSA account call (000) 000-0000.
HSA Debit Card. If you will be using your debit card to access a Health Savings Account (HSA), portions of this Agreement governed by Regulation E will not apply. A HSA account as defined by the IRS is a trust account, and therefore is not covered under Reg E, but portions of this Agreement such as Visa “0” liability for unauthorized use for example, do apply. Funds to cover your card purchases will be deducted from your Health Savings account. At the present time, you may also use your card to: - Make purchases with your card to purchase goods or services at merchants that accept Visa. - Order goods or services by mail or telephone from places that accept Visa. The following limitations on HSA Debit Card transactions may apply: - You may make 20 HSA Debit Card purchases per day. - Purchase amounts are limited to the amount in your account. - You may purchase up to a maximum of $1,500 per day. - See Section 2 for transfer limitations that may apply to these transactions.
