Debit Card Fees. a. Individual Card Issuance—No Additional Charge i. Allows HRA and Medical FSA Participants to access Plan Account funds at the point of sale using a debit card to pay for eligible medical expenses. ii. Card is valid for 36 months. b. Card Reissuance—$10 per card a. Set-Up Fees—$1.00 per account i. A $1.00 ACH debit is charged to each new bank account created or for any material change to an existing bank account linked to an employer as a means to test the accuracy of the account set-up. b. ACH Return/Rejection Fee—$30 per transaction i. Fee assessed for each failed, returned, or rejected ACH settlement request per account per failure. Examples of conditions resulting in ACH failures, returns, or rejections include, but are not limited to: insufficient funds, invalid account information, and filter restrictions. This Statement of Work (“SOW”) is made as of (the “Effective Date”) and describes the services to be pro- vided to Employer under the Third-Party Administrative Agent Services Agreement dated , by and between Administrative Agent and Employer. Capitalized terms not defined in this SOW have the meanings set forth in the Third-Party Administrative Agent Services Agreement. Except as expressly modified herein, the Third-Party Administrative Agent Services Agreement shall remain in full force and effect. 1. Project Name (if any): 2. Project Coordinators for this SOW: Employer: Administrative Agent: 3. Term
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Debit Card Fees. a. Individual Card Issuance—No Additional Charge
i. Allows HRA and Medical FSA Participants to access Plan Account funds at the point of sale using a debit card to pay for eligible medical expenses.
ii. Card is valid for 36 months.
b. Card Reissuance—$10 per card
a. Set-Up Fees—$1.00 per account
i. A $1.00 ACH debit is charged to each new bank account created or for any material change to an existing bank account linked to an employer as a means to test the accuracy of the account set-up.
b. ACH Return/Rejection Fee—$30 per transaction i. Fee assessed for each failed, returned, or rejected ACH settlement request per account per failure. Examples of conditions resulting in ACH failures, returns, or rejections include, but are not limited to: insufficient funds, invalid account information, and filter restrictions. This Statement of Work (“SOW”) is made as of (the “Effective Date”) and describes the services to be pro- vided provided to Employer under the Third-Party Administrative Agent Services Agreement dated , by and between Administrative Agent and Employer. Capitalized terms not defined in this SOW have the meanings set forth in the Third-Party Administrative Agent Services Agreement. Except as expressly modified herein, the Third-Party Administrative Agent Services Agreement shall remain in full force and effect.
1. Project Name (if any):
2. Project Coordinators for this SOW: Employer: Administrative Agent:
3. Term
Appears in 1 contract
Samples: Administration Agreement
Debit Card Fees. a. Individual Card Issuance—No Additional Charge
i. Allows HRA and Medical FSA Participants to access Plan Account funds at the point of sale using a debit card to pay for eligible medical expenses.
ii. Card is valid for 36 months.
b. Card Reissuance—$10 per card
a. Set-Up Fees—$1.00 per account
i. A $1.00 ACH debit is charged to each new bank account created or for any material change to an existing bank account linked to an employer as a means to test the accuracy of the account set-up.
b. ACH Return/Rejection Fee—$30 per transaction i. Fee Xxx assessed for each failed, returned, or rejected ACH settlement request per account per failure. Examples of conditions resulting in ACH failures, returns, or rejections include, but are not limited to: insufficient funds, invalid account information, and filter restrictions. This Statement of Work (“SOW”) is made as of (the “Effective Date”) and describes the services to be pro- vided to Employer under the Third-Party Administrative Agent Services Agreement dated , by and between Administrative Agent and Employer. Capitalized terms not defined in this SOW have the meanings set forth in the Third-Party Administrative Agent Services Agreement. Except as expressly modified herein, the Third-Party Administrative Agent Services Agreement shall remain in full force and effect.
1. Project Name (if any):
2. Project Coordinators for this SOW: Employer: Administrative Agent:
3. Term
Appears in 1 contract
Samples: Administration Agreement