Optum Bank Expert Review, Pricing, Alternatives - 2021

Listed in our research about the Top HSA Providers

Author Phil Strazzulla, HR Tech Expert, Harvard MBA, Finance and Software Nerd
Phil Strazzulla: HR Tech Expert, Harvard MBA, Finance and Software Nerd
October 18, 2021
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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.

What's Inside

Optum Bank Review

Optum Bank are one of the leaders in this space, and even have their own digital “academy” to educate employees and employers on HSAs. They are backed by UnitedHealth.

Individuals may contribute up to $3,600 a year, and an individual with family coverage can contribute up to $7,200 for the year. Once you turn 55, Optum allows you to contribute an additional $1,000.

Optum Bank Customers

Optum Bank Stats

  • $12 billion in assests across 5 million accounts
  • Given $45 million to support low income communities
  • Founded in 2003

Optum Bank Resources

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Buying HR Software? Here's some quick advice

Key Optum Bank Features

  • One-time and reoccurring contributions
  • Employer payroll deductions
  • Mobile app

Optum Bank Implementation

Optum Bank Customer Success

Optum Bank Key Integrations

What to be aware of

Optum Bank Pricing

Optum Bank's HSA has a monthly maintenance fee that you'll receive with your HSA Welcome Kit.

There are a few small account fees. Optum charges $2.50 per ATM transaction, $20 to transfer your HSA to another bank, and a $1.50 for a physical print-out of your statement.

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» Save Money: Check out our resource on how to save money when buying HR tools

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