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#582726 - 07/12/06 09:55 PM Reg D and HSA accounts
Buddy the Elf Offline
Platinum Poster
Buddy the Elf
Joined: May 2002
Posts: 972
first lily pad on the right
Can anyone give me some insights on how Reg D applies to HSA accounts with regard to debit card transactions? Are HSA accounts restricted to the 6 total debit card transactions per month just as regular savings accounts are? For some reason I thought that HSA accounts were exempt from Reg D but I've gotten conflicting information. So other thoughts would be greatly appreciated!

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#582727 - 07/12/06 10:01 PM Re: Reg D and HSA accounts
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Arguably, HSAs are exempt from Regulation E because they are technically a trust account.

If HSA funds are held in a savings account, that savings account is subject to Regulation D. Savings accounts are subject to Regulation D's restrictions on activity regardless of who owns them.
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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#582728 - 07/13/06 12:32 PM Re: Reg D and HSA accounts
CubDave Offline
Diamond Poster
Joined: Oct 2005
Posts: 1,562
Most HSA Accounts are actually booked on systems as checking accounts, and consequently, there are no restriction limitations.

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