HSA Bank

HSA Bank is the most popular HSA administrator among our clients because it’s a good choice for someone looking for investment options while the balance in their HSA account remains low. HSA Bank gives you the option of investing in thousands of different investment vehicles offered by TD Ameritrade Corporate Services, and also provides one free debit card for the account holder and one for their Authorized Signer (spouse).  Free internet banking and online transfers. This is where our company’s president, Wiley Long, currently has his own has HSA administered.

Opening Fee Closing Fee Minimum Opening Deposit Monthly Fee Annual Fee
None $25 None $3 if balance is under $4,925 None

Access Fee

Up to two (2) debit cards included with account opening. ATM withdrawals are limited to $300 daily, while point-of-purchase debit card transactions are limited to $2,000 daily. Checks can be purchased for $7.95. Written withdrawal requests are $4.00 each. Free internet banking, unlimited check transactions, contribution processing, periodic statement, tax reporting statements, online account access, and access to Bankline.

Perks

Vast investment options, free debit card for account holder and authorized signer.  Personal Bankers available for customer support by toll-free number 7 a.m. to 9 p.m. CST Monday – Friday.  Toll-free Bankline available 24 hours a day 7 days a week. Free Internet banking and on-demand transfer.

Investment Options

HSA Bank offers a self-directed investment option – a TD Ameritrade Corporate Services investment account. A TD Ameritrade Corporate Services investment account provides access to stocks, bonds, and over 13,000 mutual funds.

Investment accounts are not FDIC insured, may lose value and are not a deposit or other obligation of, or guarantee by, the bank.  Investment losses which are replaced are subject to the annual contribution limits of the HSA.

Visit the HSA Bank website for savings account interest rates.

About HSA Bank

In 1997, HSA Bank began providing dedicated Medical Savings Account administration. Since the passing of the Medicare Act of 2003 and the creation of health savings accounts (HSAs) beginning January 1, 2004, HSA Bank focused on and remains dedicated to servicing and administering HSAs.

Due to the rapid expansion of the Health Savings Account market, HSA Bank was acquired by Webster Financial Corporation on February 28, 2005. Webster Financial Corporation is the holding company for Webster Bank, National Association. HSA Bank is a division of Webster Bank, N.A. Webster Financial Corporation is one of the largest independent banks in New England.

Webster Bank NA is FDIC insured. Investments are not FDIC insured. Interest rates are subject to change/fees.

Wiley Long, President of HSA for America, chose HSA Bank when setting up his own personal health savings account.

For a list of our recommended administrators, please visit our HSA Administrators page.

Disclaimer: The information listed above is current to best of our knowledge. Please visit this administrator’s web site or contact them directly to confirm you have the most current information available.

HSA for America is an independent  health insurance agency specializing in high deductible health plans qualified to work with health savings accounts. We provide  a list of recommended HSA administrators as a  service to our visitors and customers. We are NOT an administrator ourselves. If you have a question for a specific administrator, please contact them directly.

Please visit our HSA Administrators page for a list of the administrators we recommend. 

For information on how to get instant quotes and choose a plan that is qualified to work with a health savings account, please visit our “How To” Guide page.

749 S. Lemay Ave, Suite A3-116, Fort Collins, CO 80524 | 800-913-0172 | info@HSAforAmerica.com | © 2020 - All Rights Reserved

BBB for HSA for America

Disclaimer: All information on this website is relayed to the best of the Company's ability, but does not guarantee accuracy. Information may be out of date. The content provided on this site is intended for informational purposes only and does not guarantee price or coverage. This site is not intended as, and does not constitute, accounting, legal, tax, and/or other professional advice. Determination of actual price is subject to Carriers.