Thread Options
#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!
_________________________
CAMS

Return to Top
Deposits and Payments
#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.

Return to Top
#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.

Return to Top

Moderator:  John Burnett