This change only impacts select Forma members. All members impacted will be notified directly via email about account changes. If you have not been notified, then this change does not impact your account.
We kindly request that you do not initiate HSA transfer requests between Monday, December 9, 2024 and Friday, December 20, 2024.
Individual HSA transfer into Forma
Between Monday, December 9 and Friday, December 20, HSA you should not initiate a trustee-to-trustee transfer from another HSA custodian to Forma. This is because we’re moving funds from Blue Ridge Bank to Thread the week of December 16, and it takes some time for ACH transfer to clear.
If you initiate a transfer into Forma and send a check to Forma, but it isn't received by December 9, you will need to restart the transfer process. Forma will reach out to you accordingly to guide you through the process of re-initiating the transfer.
Individual HSA transfer from Forma
Between Monday, December 9 and Friday, December 20, HSA members should not initiate a trustee-to-trustee transfer from Forma to another HSA custodian. This is because of the funds movement the week of December 16, and the Forma Operations team needs time to clear any existing outbound transfer requests.
If Forma does not receive your transfer-out documentation from your custodian bank by December 9, we will be unable to process your transfer-out request. However, you can expect to receive a check from Forma which you can deposit into your preferred HSA bank account.