What is a HSA checking account?

HSA checking accounts are bank accounts that individuals use to hold the money they invest in their health savings accounts. The accounts operate like regular checking accounts, allowing individuals to use checks or debit cards to pay for qualified medical expenses, explains Bankrate.

Banks offer a variety of HSA checking accounts, and some banks allow users to invest portions of their money in stocks as a potential way to increase the values of their accounts. Most accounts don’t have a minimum-balance requirement, but banks often charge fees for low-balance accounts, notes Bankrate. Some HSA checking accounts also charge fees for each transaction and for replacing a debit card.