If you're planning to transfer your Forma HSA funds to another HSA account, follow these steps to ensure a smooth process. Please note that a $25 account closure fee will apply, or the remaining account balance if the balance is less than $25.
Start by reaching out to your new HSA custodian to request their HSA transfer form. Once you’ve completed the form, send it to support@joinforma.com. If the form asks for your current custodian’s information, please provide the following:
- Custodian Name: Thread Bank
- Address: 210 East Main Street, Rogersville, TN, USA, 37857
The transfer process typically takes 6 weeks to complete.
Before starting the transfer, be sure to liquidate any invested HSA funds and return them to your HSA spending account. You'll also need your HSA account and routing numbers, which can be found on the HSA details page in your Forma account.
You will receive an email from Forma when you complete the request to transfer HSA funds out of Forma and that request is being processed.