HSA Bank review

HSA Bank ranks third as a dedicated HSA provider that now publishes no monthly fees for members. Its member page says no initial contribution is needed to open an account and there are no monthly fees, and it links to a separate fee and interest rate schedule for the details. The company describes itself as one of the largest and longest-tenured HSA providers in the United States. You can open an account online in under 10 minutes if you have an HSA-qualified health plan, a valid email address, a Social Security number and a primary residence in the US. The app and online account let you track expenses, scan products to check eligibility, upload receipts, reimburse yourself, pay providers directly and monitor investments. Your cash balance is FDIC protected, and the investment menu offers multiple low-cost, self-directed options. Support is live 24/7. HSA Bank scores below Fidelity on investing because it does not list a free managed option, and below Lively on fee clarity because investment costs sit in a separate schedule.

Who it is for

people who want a dedicated HSA bank with 24/7 live support

Price

No monthly fees and no initial contribution to open; investment fees per its fee schedule.

No initial contribution needed to open an account and no monthly fees.
Quoted from the vendor pricing page on November 13, 2026.

Key features

• No initial contribution needed to open and no monthly fees
• Multiple low-cost, self-directed investment options
• Live customer support 24/7, online portal and mobile app
• App can scan products for eligibility, store receipts and pay providers
• HSA cash balance is FDIC protected

Strengths and weaknesses

• Strength: Open online in under 10 minutes with a valid email address
• Strength: FDIC protected cash balance
• Strength: 24/7 live customer support
• Weakness: Investment fees and rates sit in a separate fee schedule
• Weakness: Requires a Social Security number and a primary residence in the US
• Weakness: Fewer managed portfolio details on its main page than Fidelity or Lively

Key facts

• Monthly fee: None
• Opening deposit: None required
• Support: Live, 24/7
• Cash protection: FDIC

Where it ranks

HSA Bank is No. 3 in our Best HSA Providers verdict.