Terms and Conditions

Important Information About Procedures for Opening a New Account:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person that opens an account.  What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you.  We may also ask to see your driver's license or other identifying documents.

Acceptance of Terms:

By selecting "I Agree" underneath the "Disclosure Statement" on the online Medical Savings Account application I acknowledge that annual fees, if applicable, are non-refundable and I apply to Idaho Independent Bank (“Bank” or “IIB”) to establish a MSA.  I understand the annual fee will be pro-rated to the following April and will automatically be deducted from my MSA every April the account remains open. 

The account holder is responsible for the establishment and maintenance of this account pursuant to state guidelines. 

This deposit account is subject to all rules and regulations applicable to IIB, as well as all agreements entered into with the Bank, including but not limited to, the account agreement. I understand the following: the Bank may order a consumer report from a credit reporting agency in order to evaluate my eligibility to open an account; I will be provided the account agreement,  and all applicable regulatory disclosures by the Bank upon its receipt and approval of my application to establish a MSA; and, my account will not be opened until the signed account agreement is returned to the Bank and IIB’s account opening requirements have been met. IIB reserves the right to refuse to open and terminate an account for any reason. 

I authorize the Bank to make credit and debit entries to my MSA, for the sole purpose of correcting any deposits or withdrawals that may be made in error to my MSA. 

I authorize the Bank to provide my employer, if listed above, my account number and transaction information related to the Account.  I understand that I may terminate the sharing of my customer bank information at any time, but I must provide written instructions revoking this authorization to the Bank and provide the Bank a reasonable period of time to act upon my revocation.