I got a nastygram from my bank because we made >6 withdrawals from our HSA last month.
According to them, the limit of 6 withdrawals is a federal regulation. I'm familiar with this for normal savings accounts. Is this standard practice for HSA's?
They have (what seems to me) an odd structure to the HSA. It's a combination checking+savings. The checking always has a zero balance. We write checks (or use a debit card) from the checking account, and they make an automatic transfer from the savings to the checking to cover withdrawals.
It would seem to make more sense to just have it as a checking account, but maybe there's some regulatory reason they don't do this?
Do other institutions have HSAs structured so that you can make more than 6 withdrawals a month? (A month like this is infrequent but not rare -- if the kids get sick and require a couple of trips to the doctor and the pharmacy we'll easily end up hitting the debit card a few times plus a couple of checks.)