When it comes to healthcare, it's always better to have more options. This unique checking account grants you a tax advantage to offset medical expenses. Funds contributed to the account are not subject to income tax and may be used to pay for qualified health care at any time — without tax liability.
If you withdraw money for non-medical expenses, the funds are treated like an IRA account. HSA is the smart way to invest today in your wellness tomorrow.
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.