H&R Block Bank |
Savings and Money Market Accounts
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How can I open an account? You can get started by downloading an application form and mailing it to us. You may also call us toll-free at 1-888-OUR-HRBB (1-888-687-4722). Learn more about opening an account. |
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What is the minimum amount required to open an account? A Block Savings or Money Market account can be opened for as little as $25. |
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What minimum balance must I maintain in order to avoid service charges? Regular account maintenance service charges are waived on Block Savings Accounts maintaining a balance of $100 or more. Regular account maintenance service charges are waived on Block Money Market Accounts maintaining a minimum balance of $1,000. |
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How do I make a deposit to my account? Deposits can be made to an existing account by:
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How do I withdraw funds from my account? You are allowed unlimited withdrawals in person, by phone or by U.S. Mail. You are allowed to write up to three checks on your Money Market account per monthly statement cycle. You are also allowed up to six free ATM withdrawals per quarter on your Block Savings Account. Each transaction above this limit will be charged a $1.00 fee. ATM surcharges charged by the ATM owner will be refunded to you up to 6 transactions per quarter (refund maximum of $2 per transaction and a total of $12 per quarter). You can withdraw funds from your Savings or Money Market using one of the following methods:
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Where do I find the Bank's current rates? View current rates. |
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Can I use an ATM card to access my savings or money market account? Yes, you can use your H&R Block Bank ATM or debit card with your Savings or Money Market account to verify balances, withdraw funds or transfer funds to one of your other accounts at the H&R Block Bank. |
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What restrictions are there with my savings account? You can make up to six withdrawals per quarter without charge. Each transaction above this limit will be charged a $1.00 fee. ATM surcharges charged by the ATM owner will be refunded to you up to six transactions per quarter (refund maximum of $2 per transaction and a total of $12 per quarter). |
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What restrictions are there with my money market account? Federal bank regulations permit you to make up to six transfers to third parties from a Money Market Checking account during a monthly statement cycle. Only three of these transfers can be in the form of a check, paper draft or with your debit card. If you exceed these limits during a statement cycle, a fee will be charged. Repeatedly exceeding these limits will result in your account being closed or transferred to a non-interest bearing checking account. Federal regulations do permit, however, you to make unlimited ATM withdrawals, transfers to other H&R Block Bank accounts and telephone withdrawal requests during a statement cycle. |
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