What Are Some HSA Banks With No Fees?

What Are Some HSA Banks With No Fees?

Lake Michigan Credit Union, Saturna HSA and Alliant Credit Union offer health savings accounts with no set-up or maintenance fees. Several other banks offer HSAs with no set-up fees and waive maintenance fees if customers maintain minimum balances.

HSA Bank and Wells Fargo HSA waive the monthly account maintenance fee if the customer maintains a balance above $5,000, as of 2015. Bancorp HSA waives the monthly account maintenance fee if the customer maintains an account balance of $2,500 or $1,500 with a direct-deposit relationship.

Banks that do not charge a set-up or maintenance fee charge for other activities such as ATM withdrawals, paper statements and non-sufficient funds.