Common use of Eligibility for an HSA Clause in Contracts

Eligibility for an HSA. (a) Only Eligible Individuals are permitted to establish an HSA and you are solely responsible for determining if you qualify as one. Even though we have no obligation to verify whether you qualify, you agree we can require you to confirm that you qualify. You agree that any information that you provide to us will be accurate and complete, and that we can rely on its accuracy and completeness. We may also require you to satisfy other requirements for establishing an HSA. For example, we are required to obtain, verify and record certain information that identifies each person who attempts to open an account with us. We may decline your application or restrict or terminate your HSA immediately if you fail to satisfy these requirements, either when establishing the HSA or subsequently. (i) The restrictions we may place on your HSA include, without limitation, restrictions on payroll and other contributions, debit card restrictions, and restrictions, which eliminate your ability to execute fund orders or process distribution requests. (ii) If we terminate or close your HSA, we will liquidate the assets in your HSA Investment Account as set forth in the HSA Investments Terms and Conditions, if applicable, and send you a check or an ACH deposit representing the cash proceeds of your HSA.

Eligibility for an HSA. ‌ (a) Only Except where otherwise permitted by IRS Rules, only Eligible Individuals are permitted to establish an HSA and you HSA. You are solely responsible for determining if you You qualify as onean Eligible Individual. Even though we We have no obligation to verify whether you qualifyYou qualify as an Eligible Individual, you agree we can We reserve the right to require you to confirm confirmation from You that you qualify. You agree that any information that you provide to us will be accurate and complete, and that we can rely on its accuracy and completeness. We qualify as an Eligible Individual as a condition of participation in this Program. (b) You may also require you be required to satisfy other requirements for establishing an HSAHSA with Us. For example, we are required Federal law may require Us to obtain, verify and record certain information that identifies each person customer who attempts to open an account with us. We may reserve the right to decline your application or restrict or to terminate your HSA immediately if you fail to satisfy these requirements. (c) You hereby authorize us to collect information about You that we deem reasonably necessary to establish and maintain the HSA, either when establishing including but not limited to a credit report. As a result of opening your HSA you are considered a customer of the HSA or subsequently.Bank. If You (i) The restrictions we We may place restrictions on your HSA includeHSA, including, without limitation, restrictions on payroll and other contributions, debit card restrictions, restrictions and restrictions, restrictions which eliminate your ability to execute fund orders or process distribution requests. (ii) If we terminate or We may close your HSA, we will liquidate the assets in your HSA Investment Account as set forth in the HSA Investments Terms and Conditions, if applicable, and send you a check or an ACH deposit representing the cash proceeds of your HSA.

Eligibility for an HSA. (a) Only Eligible Individuals are permitted to establish an HSA and you are solely responsible for determining if you qualify as one. Even though we have no obligation to verify whether you qualify, you agree we can require you to confirm that you qualify. You agree that any information that you provide to us will be accurate and complete, and that we can rely on its accuracy and completeness. We may also require you to satisfy other requirements for establishing an HSA. For example, we are required to obtain, verify and record certain information that identifies each person who attempts to open an account with us. We may decline your application or restrict or terminate your HSA immediately if you fail to satisfy these requirements, either when establishing the HSA or subsequently. (i) The restrictions we may place on your HSA include, without limitation, restrictions on payroll and other contributions, debit card restrictions, and restrictions, which eliminate your ability to execute fund orders or process distribution requests. (ii) If we terminate or close your HSA, we will liquidate the assets in your HSA Investment Account as set forth in the HSA Investments Terms and Conditions, if applicable, and send you a check or an ACH deposit representing the cash proceeds of your HSA.