About
Equity Bank, a division of Equity Bancshares, Inc., offers healthcare payment solutions including custodial and administration services for health savings accounts (HSAs), flexible spending accounts (FSAs), and Health Reimbursement Arrangements (HRAs) to employers and consumers.
Equity Bank offers a full range of financial solutions, including commercial loans, consumer banking, and treasury management services. Headquartered in Wichita, Kansas and having approximately $5 billion in assets, Equity Bank provides an enhanced banking experience for customers through a suite of sophisticated banking products and services tailored to their needs, while delivering the high-quality, relationship-based customer services of a community bank. These foundational elements position Equity Bank perfectly to provide businesses and individuals with robust and integrated consumer-directed healthcare multi-account payment and administration solutions.
HSA Program Features
- FDIC or NCUA Insured:
- check
- Min Balance to Open:
- $0.00
- Features:
-
- Debit Card
- Online Banking
- Investment Options
HSA Interest Rates
| $0 - $2,499.99 | 0.05% APY |
|---|---|
| $2,500 - $9,999.99 | 0.05% APY |
| $10,000+ | 0.05% APY |
Fees
| Monthly Maintenance Fee | $3.00* |
|---|---|
| Account Opening Fee | $0.00 |
| Account Closing Fee | $25.00 |
* Waived with a balance of $3,000
HSA Investment Options
Mutual Fund Details
Investment Fee: 0.0005% of investment balance charged quarterly. Some specific mutual funds may assess 12b1 and STA fees, as applicable and disclosed accordingly.
The Equity Bank Health Savings Account (HSA) provides individuals with the ability to invest in a diverse suite of mutual funds. Cash, invested balances, and transaction activity are integrated into the platform for a consolidated view of the total account value. Features are tailor made for HSAs and include online access to trading, auto-transfers, and auto-rebalance capabilities to ensure account holders make the most of their tax-advantaged HSA funds.
Investments in securities through the HSA investment account are: Not FDIC Insured • May Lose Value • No Bank Guarantee
Self-Directed Brokerage Details
Typically utilized by sophisticated investors, the self-directed brokerage program provides account holders with a wide selection of investment choices such as stocks, bonds, ETFs and mutual funds along with tools and resources to aid the investor. Trading fees may be applied by Charles Schwab.
Access to the Charles Schwab Health Savings Brokerage Account is free. However, some investments may have fees associated with them, as disclosed by Charles Schwab.
Contact Information
General Information
| Website | Equity Bank's HSA Website open_in_new |
|---|---|
| Address | 7701 E. Kellogg Suite 300 Wichita, KS 67207 |
Customer Service
| Mailing Address | P.O. Box 3084 Fargo, ND 58108 |
|---|---|
| Phone Number | 1-833-654-3075 |
| Email Address | [email protected] |
HSA Sales Contact
| Phone Number | 913-583-8054 |
|---|