Believe it or not there are still a lot of banks and credit unions out there that DO NOT offer a Health Savings Account program for deposits. Some banks even send their deposits to other banks.
“HSA Clearing Corp has been offering a low cost turn-key HSA program since 2004 and our program offers a positive ROI for our clients,” said Tim Morales, President of HSA Clearing Corp. “Offering HSAs is a great way to grow your deposits and build your customer base. Using our proven turn-key HSA solution banks and credit unions are ahead of the game from the start. Buying and maintaining a special HSA software program only costs them money and they have to pass along set up fees, monthly and annual fees to the customer. Late last year we saw a major core processor unload their platform because it was not cost effective. Our customers have found that whether they open 50 or 5,000 HSAs in a given year they’re still way ahead as they do not have monthly fees to pay out. These institutions came to us because we can get them up and offering HSAs in a matter of days without spending a lot of time and money on a costly integration program.”
“Health Savings Accounts are making a difference to millions of Americans across the country,” Morales said. “HSAs allow businesses, families and individuals to purchase affordable health insurance coverage and put away pre-tax dollars for into their HSA accounts for future health care expenses.”
With all the uncertainty in the banking industry right now we find it shocking that there are so many banks not offering a program designed for HSAs. For more information on this seminar check out HSA Clearing.
Tags: Banks, credit unions
