How to Transfer Funds from My Bank Account to Someone's HSA

If you're looking to transfer funds from your bank account to someone's HSA (Health Savings Account), the process can be simple and straightforward. Here's a step-by-step guide to help you navigate through the transfer:

1. First, ensure that the recipient has provided you with their HSA account details, including the account number and the name of the HSA custodian.
2. Log in to your bank account either through the website or mobile app.
3. Locate the option for transfers or payments.
4. Select the option to make an external transfer or add a new payee.
5. Enter the recipient's HSA account details, including the routing number, account number, and the HSA custodian's name.
6. Verify the information entered and double-check for accuracy.
7. Enter the amount you wish to transfer to the recipient's HSA.
8. Review the transfer details and confirm the transaction.
9. Once the transfer is completed, the recipient should see the funds in their HSA account within a few business days.

Transferring funds to someone's HSA is a convenient way to help them cover their medical expenses tax-free. By following these simple steps, you can easily support your loved ones in managing their healthcare costs.

Transferring funds from your bank account to someone's HSA is a thoughtful way to support their healthcare needs. Here’s a clear and easy step-by-step guide to ensure you do it right!