Health Savings Account (HSA)

Transition to HealthEquity

Effective November 20, 2018, Sonabank will no longer serve as the custodian of your health savings account (HSA) and is moving your HSA from Sonabank to HealthEquity.

If you would like to open a new HSA account with HealthEquity, you can do so by clicking here.

 

Your New Custodial Agreement

In the coming weeks, please watch your mail for your HealthEquity welcome kit, which will include your new custodial agreement and your new HealthEquity debit card. The HealthEquity custodial agreement, as well as additional information, can also be viewed at https://healthequity.com/sonabank/members/.  

 

Important Dates

The timetable listed below contains important information you need to know before and during the switch to HealthEquity. Please review this information carefully and keep it for future reference. For your convenience, HealthEquity has also made an information portal available to you at https://healthequity.com/sonabank/members/.  

 

 

October 31               Your new HealthEquity® Visa® Health Account Card* and welcome kit will be mailed and you will have access to the HealthEquity member portal.                                

November 5            All contributions should be directed to HealthEquity for processing.

November 8            Final day to use Sonabank Bill Pay and write checks.

November 9            Final day to use your Sonabank branded HSA debit card.

November 12          Account access and usage will not be available as account balances are in the process of being transferred to your HealthEquity HSA. 

November 21          Your funds will be available at HealthEquity.

*Consult a tax advisor.