Consolidate your health savings accounts (HSA)

Please call your current HSA provider to make sure they’ve received and processed your transfer request. You can sign in to your account at optumbank.com at any time to see if your transfer balance has been deposited. Remember, it usually takes a few weeks for your current HSA provider to review and process your transfer request and send us a check.

Please check with your current HSA provider about fees they may charge to close and transfer your HSA to another provider. Optum Bank does not charge a fee to set up an HSA or transfer your HSA funds to us.

Your investments will not transfer in-kind to Optum Bank due to varying investment lineups. You will need to liquidate your HSA investments to cash before transferring your HSA to Optum Bank. You should also be sure to turn off any automatic investments in your current HSA to avoid them being re-invested before you transfer your account.

• Close the HSA you want to transfer. Be sure to initial the box in Step 3 of the transfer form, which authorizes your current HSA provider to close your account. Otherwise, that HSA will remain open and the provider may charge you a monthly fee.
• Include both of your HSA account numbers (from your existing HSA and your Optum Bank HSA). You can find your account number on your HSA statement. If you can’t find your account number, you can list the social security number of the primary account holder on the HSA transfer form instead of your account number.
• Sign the transfer form with a handwritten signature. Typed signatures will not be accepted.
• Liquidate your investments first. We do not accept “in-kind” transfers of mutual funds and/or other securities. Note there are no federal taxes paid on gains in investments within an HSA*.
• Turn off automatic investments in the HSA you want to transfer. Be sure to turn off this feature to prevent your funds from being re-invested before your transfer occurs. 

* Certain states may tax interest or gains on investments within an HSA including California, New Jersey, and New Hampshire. Please speak to your financial advisor, tax preparer, or state department of revenue for more information.

The easiest place to find your account number is in your online account when you sign in. (Click on the last four digits of your account number to see the full number). You can also find your HSA account number on your HSA statement. Please note, the number on your payment card is NOT your account number. If you can’t find your account number, you may list the social security number of the primary account holder on the HSA transfer form instead of your account number.