Provident's HSA works like a checking account and earns dividends. Funds for immediate medical expenses are accessed with a debit card.
Government rules determine whether you are eligible and how you operate your account. You must be covered by a high deductible health plan (HDHP) that is HSA-compatible and not enrolled in Medicare, in addition to other requirements. Unlike Flexible Spending Accounts, your HSA has no "use it or lose it" requirement and also stays with you if you change jobs or retire.
- Competitive Dividend Rate
- Free Debit card and Bill Pay access
- Free and unlimited ATM transactions at thousands of Provident and CO-OP Network ATMs
- Free and unlimited check writing
- Four (4) free ATM withdrawals at non-Provident ATMs per month138
- Automatic transfers & Direct Deposit
- Overdraft protection002
- Minimum to open: $25.00
- Minimum balance required: $0
The H.S.A. contribution limit is an aggregate total of deposits made to the HSA and HSA Certificate(s). Contributions for prior year (thru 4/15) must be made in writing via fax, mail or secure e-mail.
- Member must be enrolled in the qualified high deductible health plan (HDHP) through the end of the year.
- They must remain in the HDHP for at least 12 months.
- Limit to one HSA account per membership
002) In the event of an overdraft, if you have selected certain accounts to be used for overdraft, and the funds are available they are automatically transferred from your other accounts. If you do not have funds available we offer Courtesy Pay (there is a per-item fee for Courtesy Pay)
138) Provident Credit Union service fees apply on the fifth and all consecutive ATM transactions within a statement period from these networks. Members with ATM Checking accounts are allowed 10 transactions per statement period without a Provident service fee. This fee does not apply to members with Super Reward Checking accounts.
P) There is a service charge of $2 per month for this account.