Tip Date: 2010-02-26
HSA Bank Eliminates Two Fees as Banking Industry Fees Soar
WATERBURY, Conn., December 1, 2009 – Today’s news is plastered with Congress discussing the
rapidly rising fees in the banking industry. Despite many banks increasing fees, HSA Bank® announced
today that it eliminated the set up fee and debit card renewal fee for its health savings accounts (HSAs).
“We eliminated the debit card renewal fee because we recognize debit cards are the most convenient
way for our accountholders to make point-of-service transactions,” said Dean Mason, CEO of HSA
Bank. “We want to make it easy for people to have and use their debit card.”
By eliminating the set up and debit card renewal fees, HSA Bank addressed the top two customer
concerns as identified in its annual Consumer Benchmark Survey.
“We listen to what our customers want and need out of their HSA administrator,” said Mason.
“Eliminating the set up and debit card renewal fees is just the latest instance where we directly address
our customer’s concerns.”
For more information about HSA Bank, please visit www.hsabank.com.
HSA Bank® is a division of Webster Bank, N.A., the wholly-owned subsidiary of Webster Financial
Corporation (NYSE: WBS).
***
HSA Bank serves customers in every state in the nation and has more than 12 years of experience with health care
savings accounts. HSA Bank continuously strives to offer the best HSA product in the industry. HSA Bank combines
convenience, service and savings with low account maintenance fees, competitive interest rates, several investment
options, 24-hour account access online or through its automated telephone system, and outstanding personal service.
