User Guide - Mercantile Bank of Michigan

Navigating the Mercantile Bank of Michigan Investment Account Website
Logging into the Mercantile Bank of Michigan
ichigan HSA Investment Account
You will access the Mercantile Bank off Michigan HSA Investment Account site by going
go g to
https://www.mercbank.com/ and under
u er Login to Other
OnlineServices,
Services,clicking
clickingon
onHSA
HSAInvestments.
Investments.
I estments. AA
separate “Welcome” page will appear.
appe . Log in using the Account Number and PIN you
y received from
Mercantile Bank of Michigan (your HSA
A Investment login information was sent to you
y via Secure Email
and can be retrieved by logging in to your
BankingAccount).
Account).
our Mercantile Bank of Michigan HSA Internet
Interne Banking
Once in the
the Mercantile
MercantileBank
BankofofMichigan
Michigan
HSA
Investment
Account
website
Mic
an HSA
Investment
Account
website
youyou
cancan
v view the mutual
fund
options
available,
buysell
and
sell lmutual
funds, change
investment
elections,
view Morningstar®
options
available,
buy and
mut
mutual
funds, change
investment
elections,
view Morningstar®
orningstar®
reports,
reports, view and print
on-line statements,
confirmations
and prospectuses,
yourview
PIN your
and
line statements,
confirmations
onfirmations
and prospectuses,
change your
yo change
PIN and
view your personal performance.
Making Your Initial Investment Elections
Elec ons
Initially you will need to request the mount of funds to be
from your Merc tile Bank of
Once logged in to the HSA Investmentnt Account (as directed above), select “Enroll Now".
Michigan HSA Checking Account to t e Mercantile Bank of Michigan HSA Investme
Moving dollars to the Mercantile Ba
’ secti
are made in e HSA
Investme Account (as directed above), select “Enroll Now”
Investment
N w”
A. My Information
It is recommended that you do not change your User ID to an Alternate User ID. Select a New
PIN/Password (required). Please note Alternate ID and PIN/Password Rules are listed in the gray box
on the lower right. Select “Next” to proceed.
B. My Investments
st of funds with your current percentage, which
whi should all be 0.
The elections screen will show a list
f r each fund in increments of 1% in the box across
acr ss from each fund
You can specify the percentage for
Ma sure you have a total of 100% before you submit
su it your elections.
that you would like to elect. Make
This step must be completed before you transfer funds to your HSA Investment Account.
Select “Next” to continue.
C. Finish
• Verify your enrollment information is correct. If you need to change your information, select the
“Edit” button to the left of My Information or My Investments
Investments.. If all of the information on your
Online Enrollment Summary page is correct, select the “Enroll Me” button.
•
•
An “Enrollment completed successfully” message will appear. Select
“OK”.
Once your enrollment is successful, the “Enroll Me” button will change
to read “Cancel Enrollment”. If you made an error and need to cancel
enrollment, proceed by selecting the “Cancel Enrollment” option.
Please note: If you chose to “Cancel” this affects only your election
investment. The change is effective immediately for any new login
credentials previously entered.
•
Select “Exit Online Enrollment” in the top right corner to leave Online Enrollment.
Subsequent, buy and sell transactions can be done under Plan Services through either the “Current Asset
Alignments” or “Transfer Investments” links.
Moving dollars to the Mercantile Bank of Michigan HSA Investment Account
Once you have reached the $2,500 minimum balance in the Mercantile Bank of Michigan HSA Checking
Account, any dollar amount over the $2,500 balance can be transferred to the Mercantile Bank of
Michigan HSA Investment Account. This is NOT automatically transferred.
login toHSA
your
Mercantile
Bank
of Michigan
A. Go to https://www.mercbank.com and select
Internet
Banking
from
th drop internet banking
account.
Bank HSA
B. Transfer funds from your HSA Checking Account to your HSA Investment
Account by going under Transactions and selecting “Funds Transfer”.
C. Select the From Account (your HSA-Individual/Family Plan Account) and the To Account (your
HSA Investment Account) from the drop down list. Complete the Transfer Date field, enter the
amount you would like transferred and if desired, a description of the transaction. Once
completed, click Submit.
D. A message box will appear. Click OK to submit the transaction.
You will see the amount withdrawn from your HSA Checking Account immediately; however, it will take
approximately 2-3 business days for the amount to appear as invested in your HSA Investment Account
according to the investment elections you have established.
Navigating the Mercantile Bank of Michigan HSA Investment Account
Home Page
ACCOUNT SUMMARY
Participant Summary - This screen includes your name, e-mail address, account number and general account
information.
Investment Summary – This screen is a view of your investment balances by fund, current portfolio percentage of
investment and future investment elections for new money into the account.
Pending Activity – You can view pending buy or sell orders in your account.
Transaction History – You may view past transaction history in your account by choosing date ranges of your
choice up to 24 months of account history.
Investment Performance – You can review historical performance data on each of the funds available in the
platform.
PLAN SERVICES
Future Investment Elections – You have the ability to elect by percentage investment elections for all new money
contributions.
Current Asset Alignments – You can realign their current investment percentages.
Transfer Investments – You may transfer dollars or by percent between funds.
Change Participant PIN – You may change their personal identification number using anywhere from 4-8 numeric
digits.
Transfer to Bank Balance - You may move funds back to your Mercantile Bank of Michigan HSA Checking Account
using this link for further distribution from the checking account. Indicate the dollar amount you wish to transfer
back to your Mercantile Bank of Michigan HSA Checking Account. Your investments will be liquidated based on
your Current Asset Alignment percentages and on settlement date will be sent by ACH back to your Mercantile
Bank of Michigan HSA Checking Account.
PLANNING AND ADVICE
Mutual Fund Information – The Mutual Fund Information worksheet provides historical performance data on
each of the funds available in the portfolio and by clicking on the P & M icons you will find links to fund
prospectuses and links to Morningstar® reports.
Market Cycles – This worksheet identifies which asset classes have led the market in the previous quarter and the
previous 15 years. The Market Cycles worksheet is an indicator for portfolio diversification as no one asset class
consistently out-performs any other asset class.
HSA Asset Allocation Calculator – By answering a few simple questions, the HSA Asset Allocation Calculator
provides you with a suggested asset allocation, by asset class, based on your goals and risk tolerance.
PERSONAL PERFORMANCE
You can view data on your personal rate of return for the HSA Investment account, Net Investment vs. Market
Values, Cumulative Returns and a Summary of your Account Activity.
STATEMENTS ON DEMAND
You can customize your online statement delivery option by date up to 24 months of account history.
CLOSING YOUR MERCANTILE BANK OF MICHIGAN HSA INVESTMENT ACCOUNT
To close your investment account you must first liquidate all investments in the account and transfer the proceeds
to your Mercantile Bank of Michigan HSA Checking Account (Transfer to Bank Balance). Then, you may
request verbally or through written request to Mercantile Bank of Michigan to close your account. Accounts
carrying a zero balance for 24 months will be considered closed and purged from the investment system.
Investment options are Not FDIC Insured, May Lose Value and are Not Guaranteed by the Bank.