When you combine an HSA with a qualified high deductible health insurance plan, both you and your employees gain control over rising health care costs.
Both the employer and employee can make contributions to the HSA. These funds are excluded from income so your employees don't have to pay taxes on their savings. This is an ideal plan for employers who need to lower their healthcare expenditures, while offering an advantageous plan for their staff.
Sutton Bank's On-Demand Transfer program allows customers to transfer funds between accounts located at other Financial Institutions and those accounts held at Sutton Bank.
First time On-Demand Transfer users will need to complete and submit a Transfer Request Application, which will be reviewed and approved by the bank with a daily limits for your first and future transfers. There is no fee for moving funds into a Sutton Bank account and a $0.50 charge for moving funds from Sutton Bank into another financial institution.
You will be immediately notified via email when your Transfer Request Application has been accepted. After notification has been received you can begin moving your funds.