HSA Bank Expert Review, Pricing, Alternatives - 2022

Chris Hatler
Chris is a writer and editor based in Philadelphia
May 16, 2022
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HSA Bank Versus the competition

We love HSA Bank because of its ease of use. It is also easy to set up, enabling businesses to get started hassle-free.

If you're ready to get a HSA Bank demo, we suggest getting in touch for a look at the product and quote. Otherwise, read on!


HSA Bank Review

As the name suggests, HSA Bank has a broad offering of products that include HSAs, FSAs, and HRAs. They have over $7 Billion in accounts at any given time, and are backed by their parent company Webster Bank (NYSE: WBS). HSA Bank also has a handy HSA comparison tool on their website.

Who shouldn't buy HSA Bank

HSA Bank Customers

HSA Bank: Quick and easy setup

HSA Bank Stats

  • Partnered with 35,000 employers

HSA Bank Key Features

  • HSA custodian and administrator
  • Health insurance carrier neutral
  • Different investment options
  • 24/7 support
  • On-demand reporting

HSA Bank Key Integrations

HSA Bank will work with your payroll provider to ensure contributions are properly deducted.

HSA Bank Pricing

Motivosity Recognize
Motivosity Recognize
Motivosity Lead
Motivosity Listen
$5 per person per month
$6.50 per person per month
$2 per person per month

HSA Bank Implementation

Electronic enrollment takes one business day as long as employee files are correctly formatted. Paper applications take about two business days after HSA Bank receives them.

HSA Bank Customer Success

About HSA Bank

As a next step you can visit the HSA Bank website or read about alternatives below

As a next step you can visit the HSA Bank website or read about alternatives below

HSA Bank Alternatives

Not only is Fidelity a reliable provider, but their HSA is both transaction and free from fees. They offer financial planning and advice, retirement plans, wealth management services, and more.
We love HealthEquity because it provides a good selection of custom integrations to streamline benefits workflows.
BenefitWallet tailors their HSA experience to your company's specific needs. They offer a personalized and simplified approach to managing health care costs and accumulating wealth through health accounts.
We love Further because they offer competitive interest rates that grow the more you save. They combine health and finance in a seamless and understandable manner.
We love Lively because it is a venture-backed HSA with an intuitive user interface. It can also be used on mobile devices which is convenient for on-the-go access.
At Optum Bank, they put in the effort to educate employees and employers to ensure everyone knows what to expect and how to derive the most value from health savings accounts.
Listed in our research about the Top HSA Providers
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We take our research process seriously and want to make sure we are presenting our readers with the very best solutions in a given software category. Check out this guide to learn how we evaluate vendors before featuring them in our buyer guides.

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