What kinds of distributions are made with the HSA debit card?
The HSA debit card can be used only for signature-based point of sale transactions. Cash withdrawals are not allowed at ATMs. A Personal Identification Number (PIN) is not issued with the HSA debit card. Brazos Valley Bank will restrict the types of merchants where the cards can be used. These merchant categories will include all medical facilities such as hospitals, doctor’s offices, pharmacies, medical warehouses, etc. If the card is used at a merchant that does not qualify the transaction will be denied. Brazos Valley Bank assumes no liability for transactions made on the HSA debit card. Receipts for all transactions made with an HSA debit card must be kept for tax purposes to prove the validity of the sale.
