Directory of
HSA Administrators

HSA for America

HSA Bank

HSA Bank is 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 Ameritrade Corporate Services, and also provides one free debit card for the account holder and one for their Power of Attorney (spouse).  Free internet banking and on demand transfer.

Setup Fee
Closing Fee
Minimum Opening Deposit
Monthly Fee
Annual Fee
$2.25 if balance
is under
* $18 if you apply online

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, contributing processing, monthly statement, tax reporting statements, online account access, and access to Bankline.

Investment Options: HSA Bank has a relationship with Ameritrade Corporate Services to provide a self-directed brokerage option. Ameritrade Corporate Services provides access to stocks, bonds, and over 11,000 mutual funds. Other benefits of using Ameritrade Corporate Services include:
  • Personalized customer support
  • Investment tools and resource
  • Online, automated phone, and broker assisted trading

               If HSA Bank saving account is used:

Account Balance
$0 -- $500: 
$500 -- $2,500: 
$2,500 -- $5,000: 
$5,000 -- $15,000: 
$15,000 and over: 

Perks: Vast investment options, free debit card for account holder and Power of Attorney.  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.

Contact Phone:  866-357-5232

Open Account Options:  N/A

About HSA Bank:

You may download a copy of the HSA Bank application from their website, or Apply Online for faster service.

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 50 largest financial institutions in the United States.

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

You can visit HSA Bank at for complete information and application instructions.

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


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