Get Payflex Account Closure Form

How to close a health savings account Once you receive your remaining balance, you have 60 days to contribute your funds into another HSA in your name or use them for qualified medical expenses. ... You should stop any scheduled payroll contributions through your employer before requesting the closure.

Click on the Financial Center. Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. Click on Make an HSA Withdrawal. This lets you withdraw funds from your HSA and deposit them into your linked bank account.

Stop Payment (per check) $25.00 This fee is deducted from your HSA each time you ask us to cancel a check payment. Account Closure Fee $25.00 This fee is deducted from your HSA when you close your account at PayFlex.

Please mail or fax the completed form to PayFlex. The address and fax number are on the bottom of the form. Note: Closing the account may have tax consequences. Please consult a tax advisor if you have any questions prior to completing this form.

Customers can contact us directly on 010 444 0004, support@payflex.co.za ; or via the chat bot on our website.

If you choose to invest, you need to have a minimum balance in your HSA. This is typically $1,000. You can invest any HSA funds over this minimum balance.

Click on the Financial Center. Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. Click on Make an HSA Withdrawal. This lets you withdraw funds from your HSA and deposit them into your linked bank account.

Account Closure Fee $25.00 This fee is deducted from your HSA when you close your account at PayFlex. This fee is for the ongoing administration of an HSA investment account. If you open an HSA investment account and invest in mutual funds, we'll deduct this fee monthly from your HSA each month.