Optum Bank Expert Review, Pricing, Alternatives - 2022

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

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.

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


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.

Who shouldn't buy Optum Bank

Optum Bank Customers

Optum Bank: HSA leader

Optum Bank Stats

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

Optum Bank Key Features

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

Optum Bank Key Integrations

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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$5 per person per month
$6.50 per person per month
$2 per person per month

Optum Bank Implementation

Optum Bank Customer Success

About Optum Bank

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

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

Optum 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 HSA Bank because of its ease of use. It is also easy to set up, enabling businesses to get started hassle-free.
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.
Listed in our research about the Top HSA Providers
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