Optum Bank


About


As the market leader in HSAs, Optum Bank, Member FDIC, currently services over 3 million accounts and $9 billion in assets under management. We work closely with our customers to expand access to care, reduce the costs of health care administration and engage individuals in better management of their health.

Optum Bank started operating on July 21, 2003, in Salt Lake City, Utah, as a Utah state-chartered industrial loan corporation. Originally named Exante Bank, it changed its name to OptumHealth Bank in 2008 and to Optum Bank in 2012. Optum Bank is part of the financial services unit of Optum, a health and wellness company serving more than 115 million people. Optum is part of the UnitedHealth Group (NYSE:UNH) family of companies.

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HSA Program Features

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

HSA Interest Rates

Interest rates are unknown at this time

Fees


Monthly Maintenance Fee Unknown
Account Opening Fee Unknown
Account Closing Fee Unknown

HSA Investment Options

Mutual Funds:    Self-Directed Brokerage:    CDs:    Other:

Mutual Fund Details

Investment Threshold: $2,000
Investment Fee: 0.0300% of your average daily investment balance, not to exceed $10.00 in any given month
  • When funds are transferred to your investment account, the amount of the transfer cannot bring the balance of your HSA below your investment threshold.
  • The minimum amount that can be transferred to your investment account is $100.
  • You can’t make payments for qualified medical expenses directly from your investment account. If you wish to use funds from your investment account to make payments, the funds will first need to be moved back into your HSA.

Contact Information

General Information

Website

Customer Service

Mailing Address Optum Bank
P.O. Box 271629
Salt Lake City, Utah 84127-1629
Phone Number 1-866-234-8913

Optum Bank Discussion