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BMO - Savings accounts: which one is best for you?A Health Savings Account (HSA) is an account established under Section of the Internal Revenue Code for the purpose of paying qualified medical expenses. Your employer may offer an HSA, but many financial institutions offer these accounts, too. BMO Harris Bank and Bank of America offer HSAs. A BMO Harris HSA is a personal checking account that offers you flexibility and financial advantages. � Special-purpose account owned by an individual along.