Health Savings Account Blog

"We eliminated the debit card renewal fee because we recognize debit cards are the most convenient way for our account holders to make point-of-service transactions," said Dean Mason, CEO of HSA Bank. "We want to make it easy for people to have and use their debit card."

Consumers who enroll in qualifying high deductible insurance plans associated with Health Savings Accounts have a wide variety of options to choose from when it comes to where they will open their Health Savings Accounts. Some participants open their Health Savings Accounts with credit unions and banks. Others open their Health Savings Accounts directly with their insurance carriers’ sponsored suppliers. The increase in Health Savings Account popularity has led to an increase in competition amongst Health Savings Account providers.

"We listen to what our customers want and need out of their HSA administrator," continued Mason. "Eliminating the set up and debit card renewal fees is just the latest instance where we directly address our customer's concerns."

HSA Bank is a division of Webster Bank, N.A., which is a wholly-owned subsidiary of Webster Financial Corporation (WBS). HSA Bank is available to serve customers in states across the country and has been on the market for more than 12 years. HSA Bank cites convenience, competitive interest rates, and service amongst the benefits of working with them for Health Savings Account needs. The bank also offers several Health Savings Account investment options as well as 24-hour account access through the Internet and through its automated telephone system.