BenefitWallet

About

Heads up! BenefitWallet is currently only available to employer groups, individuals cannot currently sign up on their own for a BenefitWallet account.

We offer a personalized and simplified approach to help members manage their health care costs and accumulate wealth with tax-advantaged health accounts. BenefitWallet integrates the member experience across the continuum of health care engagement, funding, saving and payment. We offer a scalable and portable solution that is easily configured to complement your approach to benefits administration.

Our BenefitWallet HSA is one of the nation's top HSA administrators. Our HSA solution was first brought to market in 2004, when Congress passed the legislation enabling HSAs. Since then, we have grown to be one of the largest administrators of HSAs in the nation. With The Bank of New York Mellon (BNY Mellon) as our custodian, BenefitWallet serves 10,000 HSA employer customers and manages more than 1 million accounts with an accumulated $2.6 billion of assets.

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HSA Program Features

FDIC or NCUA Insured:
check
Features:
  • Debit Card
  • Checks
  • Online Banking
  • Investment Options

HSA Interest Rates

Interest rates for various balance tiers
$0 - $499.0990.05%
$500 - $2,499.990.10%
$2,500 - $9,999.990.15%
$10,000 - $24,999.990.35%
$25,000+0.50%
Last checked on: 10-28-2019

Fees


Monthly Maintenance Fee$3.50*
Account Opening Fee$0.00
Account Closing Fee$0.00


* If average balance is less than $1,000

HSA Investment Options

Mutual Fund Platform: check_box   Self-Directed Brokerage: close   CDs: close   Other: close

Mutual Fund Details

Investment Threshold: $1,000
Investment Fee: $2.90 / Month
BenefitWallet has an integrated investment platform, which provides HSA members with a seamless and affordable way to invest and grow their HSA dollars. With a broad selection of mutual funds from multiple fund families, the investment platform provides an easy-to-use online environment 24 hours a day, seven days a week.

Contact Information

General Information

Website

Customer Service

Mailing AddressPO Box 1533
Secaucus NJ 07094
Phone Number1-877-472-4200