Get Transfer/Rollover Request Form - HSA Bank

A rollover is another way to consolidate your HSAs. It differs from transfers in that your HSA provider sends your current HSA funds to you and not directly to your new HSA provider.

Your new HSA provider works with your current HSA provider to transfer the money from your current account(s) to your new account. This is considered a trustee-to-trustee transfer. You never have to touch the money, but because the transfer is made in cash, you must sell any securities before the transfer.

HSA Rollover** Sign Up for a Health Savings Account with HSA Bank. Funds sent via check to you from your previous custodian. Fill out and mail the Rollover Request Form to HSA Bank along with the check. Form is reviewed and processed by HSA Bank team. HSA Bank deposits funds into account.

Please call the number on the back of your HSA Bank debit card or visit us at .hsabank.com Processing can take up to 7-10 business days2 after HSA Bank receives the completed transfer form. HSA Bank will send a check to the new custodian as requested. Your HSA will be closed and a closing fee may apply.

Your new HSA provider works with your current HSA provider to transfer the money from your current account(s) to your new account. This is considered a trustee-to-trustee transfer. You never have to touch the money, but because the transfer is made in cash, you must sell any securities before the transfer.

If you've opened one through your employer, the benefits department should tell you exactly whom to get in touch with. From there, instruct your HSA provider to establish a “trustee-to-trustee transfer” of your funds into a new account with a different HSA provider. Most allow you to do this online.

How long will an HSA transfer take? It may take 2–5 weeks or, in some cases, more, depending on how quickly your current HSA provider responds. If any of your HSA money is invested, your current HSA may be held in 2 separate accounts which are both eligible to be transferred.

If you open an HSA on your own, you can choose the custodian. Your choice of HSA custodian is important because the interest you earn, the fees you pay, and the investment options available can have a significant impact on your HSA balance over time.