You use your HSA account to pay for qualified medical expenses. This includes doctorâs bills, prescription medications, and a bunch of other stuff. The beast is that the IRS requires you to keep good track of all your HSA expenses. It took me a while to figure out a good process for that.
PNC Bank has a different set of rules depending on the age of the bank account. For bank accounts less than 30 days old, the check will clear in two business days. For accounts older than 30 days, a check will clear the next business day.
Story highlights: â Based on your bank receipt after you make a deposit, it will take approximately two days for your check to clear (keep in mind there are many factors involved that may slow this process down). â Typically, your bank should receive the funds from the paying institution within five business days.