Sweep Disclosure Notification. As set forth under this agreement, you may make contributions to your HSA. Based on the value of your HSA and minimum amounts defined under this agreement, funds may be moved between your Cash Account and Investment Account. These funds may either be in a deposit account with us or an Investment Account at an outside investment company, at your direction. If you direct that the funds be in a deposit account with us, then these funds will be insured by the FDIC to the extent of the deposit insurance limits. In the event we fail, you will be a secured creditor of us to the extent of the FDIC deposit insurance limits. If the funds are in excess of the FDIC deposit insurance limits, you will be an unsecured creditor with respect to the excess. If you direct that the funds be at an outside investment company, then these funds are not considered a deposit account with us and are not FDIC insured. In the event we fail, these funds will remain your separate funds at the outside investment company and are subject to the provisions of the outside investment company. By executing this agreement, you acknowledge receipt of the Sweep Disclosure Notification and agree to receive future notices of any updates to the Sweep Disclosure Notification at xxx.xxxxxxxxxxxxxx.xxx or in this agreement which is available on your HSA website account, and to review the Sweep Disclosure Notification no less frequently than annually.
Appears in 11 contracts
Samples: Custodial Agreement and Disclosure, Custodial Agreement and Disclosure, Custodial Agreement and Disclosure Statement
Sweep Disclosure Notification. As set forth under this agreement, you may make contributions to your HSA. Based on the value of your HSA and minimum amounts defined under this agreement, funds may be moved between your Cash Account and Investment Account. These funds may either be in a deposit account with us or an Investment Account at an outside investment company, at your direction. If you direct that the funds be in a deposit account with us, then these funds will be insured by the FDIC to the extent of the deposit insurance limits. In the event we fail, you will be a secured creditor of us to the extent of the FDIC deposit insurance limits. If the funds are in excess of the FDIC deposit insurance limits, you will be an unsecured creditor with respect to the excess. If you direct that the funds be at an outside investment company, then these funds are not considered a deposit account with us and are not FDIC insured. In the event we fail, these funds will remain your separate funds at the outside investment company and are subject to the provisions of the outside investment company. By executing this agreement, you acknowledge receipt of the Sweep Disclosure Notification and agree to receive future notices of any updates to the Sweep Disclosure Notification at xxx.xxxxxxxxxxxxxx.xxx xxx.xxxxxxxxxx.xxxx or in this agreement which is available on your HSA website account, and to review the Sweep Disclosure Notification no less frequently than annually.
Appears in 7 contracts
Samples: Custodial Agreement and Disclosure Statement, Custodial Agreement and Disclosure, Custodial Agreement and Disclosure Statement
