USA | snocrzy - 1/8/2025 13:28
We use Fidelity for our HSA account because they allow us to earn money market type interest on cash and allow investment in mutual funds within our HSA. Also rollover credit card "points" for cash into the hsa. They've recently instituted a new policy of a 16 business day hold on any funds deposited. So, money that we ach'ed on January 3rd will not be available for use until January 28. I find this unacceptable but my grievance fell on deaf ears. I can plan for this in the future but for now it means paying some medical bills with post tax funds until our HSA funds become available. Hopeful this info could be helpful to those out there unaware. Also taking other suggestions on HSA providers that allow investment within. May just go to a local bank, but .5% interest is meh.
Have 4 accounts @ Fidelity, funds availability is not the same on all of them.
Deposited money in personal account on Jan 7 will be available to spend on Jan 10
Deposited money in Corporation account on Jan 6 will be available to spend on Jan 14.
One of the LLC accounts deposited money in it on Nov 18 wasn't available. to spend till Dec 14.
Don't understand why there is such a difference on the accounts when all four accounts are owned by the same owners.
My biggest gripe is the daily deposit limit.
Edited by coup 1/9/2025 18:21
|
FYI for those with Fidelity accounts
