Mutual Fund Sweep Program Overview

First Horizon Bank makes it easy for you to invest with an option that automatically sweeps funds from your HSA checking account to purchase shares of mutual funds.

The Mutual Fund Sweep Program is designed for account holders who prefer a more automatic approach. You may have excess funds systematically swept from the interest-bearing checking account into an HSA Mutual Fund Account.

With the Mutual Fund Sweep Program, when the funds in the interest-bearing HSA checking account exceed $1,000, funds over that amount are systematically "swept" to invest in the mutual funds you have chosen.

The Mutual Fund Sweep Program, your available balance includes any funds in your HSA checking account and the value of any money market mutual fund shares held in the HSA Mutual Fund Account. Funds invested in other mutual funds shares will need to be exchanged for money market fund shares in order for those funds to be available to pay HSA checking account transactions. You can exchange shares of the mutual funds by logging on to your account through Banking Online and providing the instructions.

There is a $2.50/month administration fee for the Mutual Fund Sweep Program, but no transaction fees. This administration fee is for the systematic sweep of funds from the interest-bearing HSA checking account into the mutual funds you have selected whenever the account balance exceeds $1,000. Please note this $2.50 monthly fee begins immediately after acceptance of your application and will apply each month even if the sweep feature is not activated during the month

Click here to obtain information about all of the mutual funds being offered in this program.

There are two ways to sign up for the Mutual Fund Sweep Program:

1. Call First Horizon Msaver Customer Support at 866-889-8583 and an information packet will be mailed out to you.

2. (a) Read the Goldman Sachs Trust Financial Square Money Market Mutual Fund Prospectus. All of the funds are swept into the Money Market Mutual Fund until you specify other mutual funds after you sign up.

    (b) Print and sign the Sweep Agreement and Investment Instructions and mail or fax it to:

PNC Global Investment Servicing (U.S.) Inc., a Massachusetts corporation, and/or PFPC Trust Company, a Delaware non-depository trust company, provide services to Bank in connection with the Mutual Fund Sweep Program. A copy of PFPC Trust's privacy policy is attached to the Sweep Agreement and Investment Instructions.