Skip to main content
SelectAccount Learning Site

Activating your HSA

Your account is not considered activated until money is contributed to it. If your employer contributes to your HSA, your HSA will be activated. You can contribute money to your account using a few methods. Once you’ve set up your HSA and made a contribution, you can use the money in your HSA, tax-free, to pay for your plan deductible and other eligible health care expenses.

Set up direct deposit from your paycheck

This type of HSA contribution happens before taxes are taken out of your paycheck. Work with your employer's benefits administrator to set up this type of contribution. 

You may need to provide your account number to your employer as part of this process. Follow the steps below to locate your account number.

  1. Log into www.SelectAccount.com.
  2. Choose the My Profile menu.
  3. Choose Plan Information.
  4. Select your HSA from the Account drop-down menu.
  5. Your account number is visible in the Account Number field. It should begin with "4411".
  6. Click on the ? icon in the Account Number field to get the routing number.

Make a one-time deposit

One-time deposits can be made from your personal bank account into your HSA account. You can make online contributions anytime by authorizing withdrawals from your savings or checking account or mailing your contributions to SelectAccount. 

Make a one-time deposit on www.SelectAccount.com

  1. Sign in to www.SelectAccount.com.
  2. Click the Deposits menu.
  3. Select Make a Deposit.
  4. On the Make a Deposit page, select your HSA from the Account drop-down menu.
  5. Select the bank account you want to transfer the money from.
  6. Select One-Time from the Frequency drop-down menu
  7. Enter the date that the transfer will be posted.
  8. Enter the tax year for the transfer.
  9. Enter the amount you want to transfer.
  10. Click Next.  The Make a Deposit Review page will be displayed.
  11. Review and confirm the information is correct.
  12. Click Submit.

Make a one-time deposit using the mobile app

  1. Tap the menu button in the top left corner.
  2. Tap Payment and Banking.
  3. Tap Make a One-Time Deposit.
  4. Enter the amount you want to transfer.
  5. Select the bank account you want to transfer the money from.
  6. Enter the date that the transfer will be posted.
  7. Enter the tax year for the transfer.
  8. Tap Make Deposit.

Set up a recurring deposit

You can set up reoccurring deposits from your personal bank account. You can choose both the amount and the date that deposits are added to your HSA each month. 

Schedule a recurring monthly deposit on www.SelectAccount.com

  1. Sign in to www.SelectAccount.com.
  2. Click the Deposits menu.
  3. Select Make a Deposit.
  4. On the Make a Deposit page, select your HSA from the Account drop-down menu.
  5. Select the bank account you want to transfer the money from.
  6. Select Monthly from the Frequency drop-down menu.
  7. Enter the tax year for the transfer.
  8. Enter the amount you want to transfer.
  9. Click Next.  The Make a Deposit Review page will be displayed.
  10. Review and confirm the information is correct.
  11. Click Submit.

Schedule a recurring monthly deposit using the mobile app

  1. Tap the menu button in the top left corner.
  2. Tap Payment and Banking.
  3. Tap Schedule a Monthly Deposit
  4. Enter the amount you want to transfer.
  5. Select the bank account you want to transfer the money from.
  6. Enter the date that the transfer will be posted.
  7. Enter the tax year for the transfer.
  8. Tap Make Deposit.
  • Was this article helpful?