Health Savings Account - Abbey Credit Union

Health Savings Account

Abbey Credit Union’s Health Savings account is a non-interest- bearing checking account. This account is designed for those members who have a high deductible health plan.



Minimum Balance: There is no minimum balance required to open the account or maintain in the account to avoid fees.

Transaction Limitations: There are no transaction limits on this account, however, IRS contribution limitations do apply. Abbey Credit Union assumes that all deposits to the accounts are current year contributions unless otherwise stated. Abbey Credit Union assumes that all debits from the account are qualified distributions unless otherwise stated.

Please visit https://www.irs.gov/credits-deductions/individuals/health-savings-account-hsa-at-a-glance for more information on limitations and contribution amounts

A Share Savings account must be present to qualify for the Health Savings Account.



IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.



Testimonials


Many of our members like to share their thoughts and opinions with us and we thought it would be nice to pass it along to you.



I have the best credit Union with Abbey! Great service and wonderful people that always help me with a smile. Thank you! — Vicky C.
Everyone is so nice and friendly. They treat you like family. — Trish C.