Posted By: BTO
HSAs Overdrafts and Reg E - 03/04/11 07:36 PM
I have a couple of questions involving HSAs.
First in terms of the new Reg E Changes how are HSAs to be treated. I think they should be Exempt but can they also be Opted-In?
Also, we have checking accounts that act as a "suspense" accounts for our HSA accounts when they are accessed by check or debit card. We have had a situation recently where that HSA checking account was overdrafted. Can we charge OD and NSF fees to this checking account or is that still considered part of the HSA?
Thanks!
First in terms of the new Reg E Changes how are HSAs to be treated. I think they should be Exempt but can they also be Opted-In?
Also, we have checking accounts that act as a "suspense" accounts for our HSA accounts when they are accessed by check or debit card. We have had a situation recently where that HSA checking account was overdrafted. Can we charge OD and NSF fees to this checking account or is that still considered part of the HSA?
Thanks!