Learn More - Click Here!

Thread Options
#1468519 - 11/16/10 08:38 PM HSA Acconts with no check writing
txgal, CRCM Offline
Junior Member
Joined: Jul 2006
Posts: 44
Texas
We offer HSA checking accounts at our bank but do not allow the owner to have checks, we only allow them to withdraw funds via a debit card. If the account earns interest, is it still considered a NOW Account?

Return to Top
Operations Compliance
#1468617 - 11/16/10 09:42 PM Re: HSA Acconts with no check writing txgal, CRCM
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,336
Cape Cod
Yes, it's a NOW account.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  Andy_Z, John Burnett