Account holders who are eligible to invest some of their HSA balance will be asked to read and agree to the Electronic Consent Agreement and Trade Confirmation Waiver below.
Electronic consent agreement
In order to set up the investment options that are made available to you exclusively through our website (“HSA Investments”), unless you have already done so, you must complete the investment set up process. By completing the investment set up process, you acknowledge and agree that all investment activity relating to your health savings account shall be governed by the terms and conditions of this Electronic Consent Agreement and the terms and conditions of the Custodial and Deposit Agreement, which is incorporated herein by this reference and available at OptumBank.com. The HSA Investments are not FDIC-insured, not bank issued or guaranteed, and are subject to investment risks, including fluctuations in value and the possible loss of the principal amount invested.
Please download or print important fund information.
All HSA Investments are offered by prospectus only. Prospectuses contain important information regarding the mutual funds including information on any fees charged for investment management, distribution, administrative services, and other expenses. You agree to read and agree to the terms and conditions of the respective prospectus before investing.
Electronic delivery consent
You consent to receive electronically through our website all notices and documentation (including but not limited to, prospectuses, statements of additional information, and shareholder reports), and other documentation related to your HSA Investments (collectively “Document(s)”). In addition, you represent that you have the hardware and software identified below, which are necessary to receive and store Documents electronically.
Your consent also permits us to obtain your electronic signature if you choose to sign certain communications, such as account agreements or authorizations for recurring electronic funds transfers. If you do sign electronically, your electronic signature will bind you to the terms and conditions to the same extent as if you signed the communications on paper with an ink signature.
Obtaining paper copies of investment documents
You may obtain a paper copy of any investment Document by printing it from your computer. In addition, upon your written request to us at Optum Bank, P.O. Box 271629, Salt Lake City, UT 84127-1629, we will provide you with a written copy of any investment Document at no additional cost to you. The request for a paper copy of a Document will not, by itself, constitute a withdrawal of consent to receive Documents electronically.
Withdrawing your consent
You may withdraw your consent to the receipt of electronic communications at any time by contacting our Customer Service Center at the phone number listed on the back of your Health Savings Account Debit MasterCard®. However, if you withdraw such consent, we will terminate the Custodial and Deposit Agreement entered into between you and the Bank and close your HSA in accordance therewith.
Assignment of HSA investment voting
You, during the term of this Agreement, hereby irrevocably grant, assign and transfer to the Bank any and all voting rights in the shares of any and all HSA Investments of your HSA. You affirm that such irrevocable assignment shall not be construed to confer any fiduciary status upon us and may under no circumstances be revoked. You further agree that we will not be liable for any act or failure to act in connection with the voting rights assigned herein and that we may, at our sole discretion, take any action or no action as deemed necessary and appropriate by us or as permitted by applicable statute, rule or regulation.
Hardware and software requirements
In order to access documents related to your Optum Bank HSA electronically, you must have a personal computer or other access device that meets our hardware and software requirements.
Viewing / downloading copies of electronic documents
In order to view and print or retain your Documents, you will need Adobe Acrobat Reader® version 7.0 or higher, and the ability to download to your computer or print Adobe Acrobat files. If you do not have Adobe Acrobat Reader, you can download it from our website. You may keep copies of your Documents for future reference by saving them to your computer in the PDF format, by clicking on "File" and then "Save As" in your browser or Adobe Acrobat Reader window.
Updating your email address
You consent to notify us whenever you change your email address. If you change your email address, you must notify us immediately by logging in to the HSA website and updating your email address.
If we receive an electronic notice that an email is undeliverable due to an incorrect or inoperative email address, we will resend that information that is required by law to be sent to you via U.S. Postal Service, however, information that is not required by law to be sent to you will NOT be resent.
No solicitation disclaimer
Any mutual fund prospectus shall not be construed as an offer to sell or a solicitation of an offer to buy shares in the fund, nor shall any such shares be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
I hereby certify that I have read and agree to the terms and conditions set forth herein in this Electronic Consent Agreement, including but not limited to, the terms and conditions of the Custodial and Deposit Agreement.
Trade confirmation waiver
You hereby decline or waive the receipt of any and all confirmations of your trades in HSA Investments. You may obtain immediate verification of any transaction in the HSA Investments by either using the Print Screen function following each transaction, or by monitoring your HSA Investments online through the web site. If you would like to receive a written confirmation of a transaction, please send your written request to us at Optum Bank, P.O. Box 271629, Salt Lake City, UT 84127-1629 and we will provide you with a written copy of the confirmation at no additional cost to you.
Additional investment account terms and conditions can be found in the Custodial and Deposit Agreement.
In order to use funds from your investment account to pay for qualified medical expenses, they will first need to be transferred back into your HSA deposit account.
Investors should read the Prospectus carefully and consider the fund's investment objectives, risks, charges and expenses before investing. Prospectuses are available on the investment web site, or by contacting the fund directly.
Investing in certain funds involves special risks, such as those related to investments in foreign securities, small- and mid-capitalization stocks, and high-yield securities.
Mutual fund performance data and ratings represent past performance and are not a guarantee of future results. Investment returns and principal value will fluctuate and investor's shares, when sold, may be worth more or less than their original cost. All funds may be purchased at net asset value (NAV) without a front end load. Redemption fees may apply.
Mutual fund investment options are made available through the services of an independent investment advisor and shares are offered through Devenir, LLC, a registered broker-dealer.
Optum Bank and its affiliates receive compensation for providing various services to the funds, including distribution (12b-1) and sub-transfer agent fees.