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.
Generally, it takes about eight days for a check to clear once it`s deposited at the receiving bank, no matter which one it is, so long as both are in the US. Using bill pay through your bank will get bills paid much faster, but writing a personal check will take those eight days.