Transfer a health savings account (HSA) to Fidelity

Consolidate your HSA money for streamlined management. We can help.


Start a transferLog In Required


Track a transfer you submittedLog In Required or resume a saved transfer requestLog In Required.

Submit your request—we'll do the rest

Step 1 steps-arrow-icon
You request a transfer


You can do this online nowLog In Required.

Step 2 steps-arrow-icon
We'll ask for your assets


We contact your other HSA provider on your behalf.

Step 3 steps-arrow-icon
They'll process the request


Your provider will then send us your assets, usually within 2–5 weeks.

Step 4
We'll deposit your assets


We'll add your money to your Fidelity HSA.

What do you need to start your HSA transfer?

Your other HSA provider's name and address

A recent statement from your other HSA provider to attach to your transfer request

Keep in mind, many HSA providers will only transfer cash. You may be required to liquidate investments (if you hold any) in order to transfer as cash.

What does an HSA with Fidelity offer you?

One-provider convenience


Having a single HSA provider makes management simpler.

Value


We want to make saving for heath care affordable, so we offer the Fidelity HSA® with no account minimums or fees.1

Award-winning performance


Morningstar rated the Fidelity HSA® (self-directed) #1 for savers and investors in 2019, 2020, 2021, 2022, and 2023.2

Ready to get started?


10 ways to slash your health care spending

Open an HSA


Learn more about consolidating HSAs

Frequently asked questions

  • How long will an HSA transfer take?

    It may take 2–5 weeks or, in some cases, more, depending on how quickly your current HSA provider responds. If any of your HSA money is invested, your current HSA may be held in 2 separate accounts which are both eligible to be transferred.

    • A bank account holding your cash balance
    • A brokerage account holding your investments
  • What if part of the HSA I want to transfer to Fidelity is invested?

    If your HSA money is invested, you may be able to do an in-kind transfer into a self-directed HSA, which allows your HSA provider to transfer both your cash balance and your investments to Fidelity. You may need a separate transfer request for each. Some HSA providers don't allow this, which means you'd need to liquidate your investments before moving the money.

    Transfers directly into a Fidelity Go® HSA can be made in cash or in-kind, if they are transferred in-kind they will be liquidated and reinvested, but you can transfer securities you don’t wish to liquidate into a Fidelity HSA®.

  • How do I sign up for alerts so that I'll see how the transfer is progressing?

    You're automatically signed up for email alerts when you initiate your transfer. If you'd like text alerts, you can set up an alert hereLog In Required. Select the Alert Setup tab at the top of the page and then look for Transfer of Assets Status Update.

  • What could delay my HSA transfer?

    Your HSA transfer could be delayed for a number of reasons, some of which are avoidable. The most common include:

    • Not supplying a complete account statement
    • Not signing the transfer form
    • Giving incomplete or incorrect account information
    • Providing a name that doesn't match what's on the account

    Please review all your information carefully to prevent any avoidable delays.

  • Where can I find the account information I need?

    Refer to your statement from your other HSA provider to get your account information. You may need to log in to your account. Any Fidelity information you may need is on the Account Summary page on Fidelity.com.

  • Can I transfer a flexible spending account (FSA) or IRA into an HSA with Fidelity?

    You can't transfer an FSA into an HSA, but you can make a once-in-a-lifetime contribution to your HSA from your IRA. This is sometimes called a "qualified HSA funding distribution from an IRA" or a "rollover from an IRA." These contributions are not subject to federal income taxes or the 10% penalty for early withdrawals.

  • Can I transfer my existing HSA to Fidelity if I'm no longer eligible to contribute to an HSA?

    Yes, you can. You don't have to be an eligible individual to make rollover contributions or transfer existing assets, since these don't count as new contributions.

  • Will I need to report this on my taxes?

    Since assets are transferred directly from trustee to trustee, this is a non-reportable transfer, and there will be no tax forms to worry about. Don't include the amount transferred in income, deduct it as a contribution, or include it as a distribution when you file your taxes. You can process an unlimited number of TOAs per year and they're not subject to annual contribution limits.

  • My other HSA provider already closed my account and I have possession of the funds. How can I get this rolled into my Fidelity HSA?

    If you have taken possession of the funds, you no longer qualify for the non-reportable transfer of assets. However, you can still process a rollover into the HSA within 60 days of receiving the funds. You can mail in the check with a deposit slip and we'll get it processed for you. This will be reported as a rollover contribution on your taxes. You can only make one rollover contribution to an HSA per year. It's not included in your income, isn't tax-deductible, and doesn't reduce your contribution limit. Please consult a tax advisor with questions.

Already have a Fidelity HSA?

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Opened by me


Sign inLog In Required to Fidelity.com to access your HSA account details.


Opened through my employer


Sign inLog In Required to NetBenefits® to access/activate your employer-offered HSA.


Always know where your HSA stands


Download the Fidelity Health® App to easily access and manage your HSA activity.


Questions?


866-402-7610