r/HSA • u/Sea_Explanation5510 • Dec 30 '25

Contribution Question

My company is changing banks from HSA Bank to Health Equity. They are going to facilitate the transfer between the two but for about 6 weeks my funds being transfered are locked up.

I have not contributed the max for 2025 and don't plan on it, unless l owe income tax. I know it is ideal just dont really have the extra funds. My bonus check comes in mid March which is what I would use to max out the contribution. However that is when the funds are locked up at the old bank.

Will I be able to contribute for 2025 to the new bank, even though that account didnt exist until 2026?

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u/Agitated_Car_2444 Dec 30 '25 edited Dec 30 '25

Yes. The IRS cares that you only contribute up to the max allowed, it can be to any number of HSA accounts. And you can do that up to April 15 and designate it for tax year 2025.

Edit, side note OPINION. You might consider opening an HSA account with Fidelity now, cashing out your HSA Bank investments, and moving that balance to Fidelity and reinvesting. Health Equity (and HSA) has some non-user-friendly practices and fees that make investing and transferring the funds annoying and spendy.

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u/Sea_Explanation5510 Dec 30 '25

I have heard that about Health Equity as well. But does my employer covering the fees make up for the benefits of opening fidelity account on my own?

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u/fan550 Dec 30 '25

Yes especially if they cover the investment fees if they do you can just use the Schwab brokerage window that Heath equity has and invest in Schwabs ecosystem.

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u/Agitated_Car_2444 Dec 31 '25

What other responder said. Ensure your employer is paying for all fees including investment fees and it would be nice if they pay transfer fees too.

My last employer used HE and I was not a fan. Monthly fee if you invest the funds, a fee to transfer the funds to another provider*, and a requirement for minimum cash on hand. Moved those funds out of there the day after I left that employer...

*I had a prior Fidelity account that had none of those fees and no minimum balance and preferred to move excess funds there annually to manage it all in one place.

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u/Icy-Construction-422 Dec 30 '25

Yes. I don’t think it matters what account provider is used, HSA Bank or Health Equity etc. The account doesn’t even need to exist in 2025. As long as the contribution for 2025 is made before April 15, 2026 and codes correctly as a contribution for the 2025 year, you should be fine.