What kind of card is HealthEquity?

Asked by: Cordell Bartoletti  |  Last update: February 3, 2024
Score: 4.4/5 (19 votes)

Some of the benefits of using your HealthEquity® Visa® Health Account Card* are: Having a convenient debit card for quick and easy access to your account funds. Use it like a regular credit card to pay for your plan-allowed qualified medical expenses.

Is HealthEquity a credit card?

Your Healthcare Flexible Spending Account (FSA) debit card* makes it quick and easy to pay for eligible healthcare expenses. When you swipe your card at checkout, choose "credit" (even though it isn't a credit card).

What is a HealthEquity card?

5Your HealthEquity® Visa® Healthcare Card can be used at participating merchants who sell eligible healthcare products or services everywhere Visa debit cards are accepted. Your HealthEquity Visa Healthcare Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc.

Which bank does HealthEquity use?

To receive a personal identification number (PIN), call the number on the back of your card. HealthEquity Visa Health Account Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc.

What can I use my HealthEquity Visa card for?

Your card can be used everywhere Visa debit cards are accepted for qualified expenses that are allowable according to your plan details, such as the pharmacy counter or doctor's office.

HRA pays first with debit card

38 related questions found

Can I use my HealthEquity card for groceries?

No. Our card helps you stay in compliance with IRS rules and can be used at health-related merchants and vendors to pay for your eligible health expenses. Even if you accidentally try to use your HSA card for a tank of gas, or movie tickets, your HealthEquity debit card won't let you make that mistake.

Can I use my HealthEquity card on Amazon?

There's exciting news for those of you with Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs). Amazon has stepped up its game and is now accepting FSA and HSA cards as a payment method for eligible products.

Can you withdraw money from HealthEquity?

anytime tax-free and without penalty as long as it is to pay for qualified medical expenses. If you take money out for other purposes, however, you will have to pay income taxes on the withdrawal plus a 20% penalty.

Can I withdraw my money from HealthEquity?

A: HealthEquity offers free online reimbursements into your personal checking/savings account however, you may not use the card to withdraw funds at an ATM.

Does HealthEquity have a card?

Upon the creation of your HSA, you will receive a member welcome kit including a HealthEquity Visa® Health Account Card. * Card activation instructions are included with the card. If you would like, you can speak to one of our account mentors to activate your card and receive additional insight to your account.

Can you transfer money from HealthEquity to bank account?

Complete Online You can add your bank account details in the HealthEquity member portal to make it easier to send and receive money via electronic funds transfer (EFT).

Is HealthEquity a bank?

Treasury grants HealthEquity a Non-Bank Trustee license, enabling us to take custody of HSA assets.

What is the limit on HealthEquity debit card?

All account cards have a $5,000 daily spending limit (subject to change based on transaction criteria). Cards cannot be used at an ATM. You can only spend what is available in your account; no overdraft is available.

Is equity card a Visa or Mastercard?

Visa Debit Card

If you hold an Equity Bank account, you may get one from any Equity Bank branch countrywide.

Is equity card a Visa card?

Why You Should Get the Equity Visa Debit Card. Offers convenience in making payments-No need to carry cash. SMS alerts for card transactions.

Is HSA a Mastercard?

The HSA Debit Mastercard® is a better way to pay for medical needs - offering the safety and convenience you need. You'll have Zero Liability* for any unauthorized transaction, which means greater peace of mind.

What can I spend my HealthEquity on?

General
  • Prescriptions Rx
  • Doctor Fees.
  • Crutches.
  • Flu Shot.
  • Hearing Aids.
  • Motorized Wheelchair.
  • X-Rays.

Can I use HealthEquity card for gas?

This card cannot be used at ATMs and you cannot get cash back, and cannot be used at gas stations, restaurants, or other establishments not health related.

Can I use my HealthEquity card at Walmart?

Does Walmart.com accept FSA or HSA cards? If you are looking to use your FSA or HSA card online or in-store on FSA-eligible product, you will likely have a hard time depending on your card issuer. That is because Walmart.com does not accept FSA or HSA cards at this time. This is listed in their FSA & HSA Shop FAQ.

What is the minimum cash balance for HealthEquity HSA?

There is no minimum balance to participate in our cash account. In order to invest in mutual funds, your HSA cash balance must meet a minimum threshold of $1,000. Contact HealthEquity member services at 888.462. 1896, or visit the Investments section of your HealthEquity member portal to learn more.

How does a HealthEquity account work?

Health savings account (HSA) overview

HSA-qualified health plans typically cost less than traditional plans and the money saved can be deposited into an HSA for immediate use or long-term savings. HSA balances earn tax-free interest, roll over from year to year and can be invested to accelerate growth.

Can I add money to my HealthEquity card?

Electronic funds transfer (EFT): Using EFT, you can make a one-time, post-tax contribution or schedule automatic HSA contributions from your personal bank account. To set up an EFT, log in to your HealthEquity account. From the 'My Account' tab, hover over 'HSA' and select 'Make Contribution. '

Can I use my HealthEquity card to pay bills?

Pay invoice with HSA

You can pay with your HSA debit card or set up an online payment that is sent directly to the provider or as a reimbursement to you.

Can I use my HSA card at Walgreens?

Walgreens. Use your HSA or FSA card to purchase qualified products in store or online.

Where can I use my HSA Visa debit card?

You can use it just like a regular debit card for transactions in-store, online, at the doctor, and at other medical merchants. Digital Wallet - Use your card through your preferred mobile wallet: Apple Pay®, Samsung Pay, or Google Pay™.