Can You Turn Off Sweep Investment in Bank of America HSA?

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

Turning off sweep investment in HSA

Yes, you can turn off the sweep investment feature in Bank of America HSA. The sweep investment feature automatically transfers excess cash in your HSA into a selected investment account to help your funds grow. However, if you prefer to have all your funds remain as cash, you have the option to turn off this feature.

Indeed, you can turn off the sweep investment feature in your Bank of America HSA. If you'd rather keep your funds liquid and avoid automatic transfers to investment accounts, disabling this feature is an excellent choice to maintain control over your cash balance.

Steps to disable sweep investment feature

To turn off sweep investment in your Bank of America HSA, simply log in to your account online or through the mobile app and follow these steps:

• Go to the 'Investments' tab or section.
• Look for the 'Sweep Investment' option or a similar feature.
• Choose the option to disable sweep investment or select 'Keep Cash Balance Only'.
• Follow any additional prompts or confirmations to complete the process.

By following these steps, you can ensure that all your funds in your HSA remain as cash and are not automatically transferred to an investment account through the sweep feature.