Common use of Fees and Reports Clause in Contracts

Fees and Reports. 6.1 The Recordkeeper charges various fees for HSA administration including, without limitation, set-up fees, monthly maintenance fees and transaction fees. Additional fees may be applied for transactions associated with the Investment Account including, but not limited to, brokerage fees and other costs incurred in carrying out the Accountowner’s investment directions. The Recordkeeper will charge these fees to the HSA, unless the Accountowner or a third-party (such as an employer) elects to pay such fees directly to the Recordkeeper. If a third party promises to pay required HSA fees on behalf of an Accountowner but fails to do so, the Recordkeeper will notify the Accountowner and the Accountowner will be required to pay the required fees. The Accountowner understands and acknowledges that the current HSA fee schedule is set forth at xxx.xxxxx.xxx, and that these fees may be revised from time to time. The Recordkeeper will provide the Accountowner 30-days advance notice of any revisions to HSA fees.