Is First Dollar a checking or savings account?

Despite its name, a Health Savings Account acts as a traditional checking account. This matters especially when you’re performing a transfer to your HSA. 

When telling your bank to transfer funds to your First Dollar HSA, you need to ensure they know it is a checking account. If they think it’s a savings account, your transfer will not clear, which is not good! 

So be sure your bank is aware that your First Dollar HSA is indeed a checking account if you want to get your dollars in there!

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