Simple to Open & Simple to Use!

If you are enrolled in a qualified High Deductible Health Plan, a Health Savings Account (HSA) provides a tax-advantaged way to save and pay for qualified medical expenses.

HSA's are portable, which means individuals keep their accounts even if they change jobs or become unemployed. The account is owned by the individual, there is no “use-it-or-lose-it” provision, like a Flexible Spending Account. Unused contributions stay in your account with interest compounding on a tax-free basis.

Simple to open and to fund!

• Stop by any Merchants Bank office or call Erika Newport-Hill at (812) 637-3232.
• Fund with deposits at any of our branches, direct deposit a portion of your paycheck or transfer monies from your checking account periodically.

Simple to use!

Pay qualified medical expenses by using checks or MBT HSA Visa® Debit Card. Our Internet Banking makes it easy to monitor your account.

• Check your balance
• Log on to your account 24/7
• View account statements, account history and check images.

Simple to Invest with an HSA Brokerage Account from brokersXpress®!

You may open a self-directed HSA Brokerage Account from brokersXpress when you meet the minimum balance requirement of $4000. There is no set-up fee to open the online HSA Brokerage Account from brokersXpress when accessed through www.mymbt.com. There is a minimum opening transfer of $1,000 from the HSA Checking Account to open the HSA Brokerage account. The HSA Brokerage Account from brokersXpress is separate from the HSA checking account. The HSA Brokerage Account is not a deposit account held at Merchants Bank and Trust. Consequently, the HSA Brokerage Account is not FDIC Insured and is subject to market fluctuations and may go down in value.

• brokersXpress charges a flat fee of $14.95 for no-load mutual fund trades with all trades initiated by the customer online.
• A complete commission schedule is available by contacting brokersXpress. (888) 280-7030 brokersXpress provides a monthly statement in addition to 24-hour online access at no charge

To open your HSA brokerage account click here

brokersXpress is: Not a division of Merchants Bank and Trust • Not FDIC Insured • No Bank Guarantee • Subject to market fluctuations and may Lose Value • Your HSA Brokerage account is not a deposit account held at Merchants Bank and Trust

Securities offered through: brokersXpress, LLC, Member FINRA/SIPC a Registered Investment Advisor
Corporate Office: 311 W. Monroe Street, Suite 1000, Chicago, Illinois 60606
www.brokersxpress.com, 888.280.7030

We are here to help!!! To learn more about how Merchants Bank can help you, please contact our Health Savings Account expert, Erika Newport-Hill, at (812) 637-3232 or (513) 544-2502. Our toll-free phone number is (800) 230-1384 ext.3232

HSA Resources