Do I Need New Checks for HSA After Moving from Private Bank to CIBC?

Transitioning your HSA from a private bank to CIBC can raise questions about whether you need new checks. Let's address this common concern to help you navigate the process smoothly.

When it comes to HSA accounts, the availability and use of checks vary depending on the financial institution where your account is held. Here are some key points to consider:

• Check Usage: Some HSA accounts offer checks as a convenient way to access your funds for qualified medical expenses.
• Transition Process: During the transition from a private bank to CIBC, you may need to update your account information, including ordering new checks if necessary.
• New Account Setup: If your new HSA account with CIBC offers check availability, you may want to order new checks to ensure seamless access to your funds.

It's essential to review the terms and services of your HSA account with CIBC to understand the check options available and any steps required for ordering new checks.

Many people wonder if they need new checks for their HSA after moving from a private bank to CIBC. The answer depends on the features of your new account.