The Itasca Bank & Trust Co. Health Savings Account (HSA)* is a tax-deductible custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses for you, your spouse and dependents.
What is a High Deductible Health Plan that would be eligible for Health Savings Account?
*Each depositor insured to at least $250,000.
Choose from our value-added list of services to create an account that's right for you.
There is a $10 monthly administration charge for all single relationship accounts; however, if the customer has other relationships with Itasca Bank & Trust Co., the fee will not be assessed.
Subsequent Deposits: We expect most accounts with recurring deposits will be funded via employer payroll deductions. Itasca Bank & Trust Co. offers full direct deposit capabilities, enabling these deposit transactions to be fully automated.
Taxable Withdrawals: Account-holders are required to request non-medical expense-related withdrawals using a special Withdrawal Request Document. As noted in the form, taxable withdrawals may be made either in person at Itasca Bank & Trust Co. or by mailing a completed Withdrawal Request Document to us at:
Health Savings Account Administrator
Itasca Bank & Trust Co.
308 W. Irving Park Rd.
Itasca, Illinois 60143
When sending an email to anyone at Itasca Bank & Trust Co., please do not include passwords, account numbers, or any other confidential financial or personal information.
For questions, additional information, or to open an HSA, contact one of our Relationship Bankers at 630-773-0350.