Health Savings Account

Citizens Bank realizes that immediate out-of-pocket health care expenses can be a struggle for customers who are covered by a High Deductible Health Plan (HDHP). That’s why we offer the Citizens Bank Health Savings Account, a custodial checking account designed with tax benefits to assist those covered by a HDHP. These funds can be used to cover qualified individual or family health care expenses.

You must:

Health Savings Account

  • Be covered by a high deductible healthcare plan (HDHP).
  • Not be covered by any other healthcare plan that is not an HDHP.
  • Be at least 18 years of age.
  • Not be claimed on another person’s tax return.
  • Discontinue contribution once you have enrolled in Medicare or are no longer covered by a HDHP.

All you need to open a Citizens Bank Health Savings Account is an initial $25.00 deposit.


  • No monthly service charge
  • No minimum balance required
  • Free HSA debit card*
  • Free Internet Banking
  • Free first box of personal checks
  • Free E-Statements
  • Complete access and control
  • Tax deductible deposits
  • Tax-free earned interest
  • Tax-free withdrawals made for qualified medical expenses
  • Worry-free year-to-year carryover
  • FDIC Insured

Benefits are subject to change.
*Replacement fee may apply

For additional information about Citizens Bank's Health Savings Account, please contact Coleda Gardner at 870.698.6292.