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My employer now offers a HSA and it looks like my employer made a contribution on 9/21/18 for an amount of $1,500. Since then, I have made a payroll contribution twice (biweekly paycheck) for $230 and $115. That was all in a cash account. Now, I wanted to move some of that to an investment account but it looks like I can only transfer about $846 of that. As a newbie, can someone tell me why I can't move the entire amount over?
There is probably a $1000 minimum balance requirement. Every HSA account has slightly different rules, but requiring a minimum cash balance is pretty common.
If so, does that mean I can't touch that cash because it will dip below 1k (or if I do, then I'd incur some admin fees)?
You'll need to check with your specific provider. The minimum probably only applies if you want to also hold investments with them.