How do I close my Health Savings Account (HSA)?
To close your HSA a written request must be submitted by the HSA Owner. We will need the following information in your letter to process your request:
- How are the funds to be disbursed:
- By Check and mailed to the address on the account OR
- Transfer the funds into your RCU account, please indicate checking, savings, or money market
- Phone number you can be reached at, if we have questions
- Date of the request
- HSA Owner’s signature
|The written request can be emailed, faxed,or mailed to:
|Fax Number is:
||Redwood Credit Union
||Attn: Retirement Services Dept.
||PO Box 6104
||Santa Rosa, CA 95406-0104
If my account has a zero balance, is that considered closed?
No. We must receive a written request to close your Health Savings Account (HSA). Writing a check to bring your account balance to a zero does not close the HSA account.
Note: If you want to have your HSA transferred to another Institution, go to “How do I transfer my Health Savings Account (HSA) from Redwood Credit Union to another Institution”.
If you have any questions, please call Retirement Services at 707-576-5362