HSA Bank Eliminates Two Fees as Banking Industry Fees Soar
02 December 2009 - 5:20AM
PR Newswire (US)
WATERBURY, Conn., Dec. 1 /PRNewswire-FirstCall/ -- 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 http://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. For more
information about HSA Bank, visit the HSA Bank website at
http://www.hsabank.com/. Webster Financial Corporation is the
holding company for Webster Bank, National Association. With $17.5
billion in assets, Webster provides business and consumer banking,
mortgage, financial planning, trust and investment services through
181 banking offices, 492 ATMs, telephone banking and the Internet.
Webster Bank owns the asset-based lending firm Webster Business
Credit Corporation, Center Capital Corporation, an equipment
finance company headquartered in Farmington, Conn., and provides
health savings account trustee and administrative services through
HSA Bank, a division of Webster Bank. Member FDIC and equal housing
lender. For more information about Webster, including past press
releases and the latest annual report, visit the Webster website at
http://www.websterbank.com/. Media Contact: HSA Bank: Patrick Rose
920-803-4151 Webster: Ed Steadham 203-578-2287 DATASOURCE: HSA
Bank; Webster Financial Corporation CONTACT: HSA Bank: Patrick
Rose, +1-920-803-4151, ; or Webster: Ed Steadham, +1-203-578-2287,
Web Site: http://www.hsabank.com/ http://www.websterbank.com/
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