HSAs Continue to Grow Deposits and Customer Base

Banks and credit unions that are looking to grow their deposit base should look no further than their own backyard. As HSAs and consumer-driven health plans continue to grow, many local financial institutions are missing opportunities to keep HSA deposits in their community.

Lake Geneva, WI (AllPayNews.com) February 12, 2009 -- HSA Clearing Corp, the leading Health Savings Account (HSA) setup provider for banks and credit unions nationwide, will be providing a seminar for banks and credit unions on how to offer Health Savings Accounts.

The seminar will be provided twice -- on February 26, 2009 at 11 am EST and at 3 pm EST. "Mr. HSA" Roy Ramthun and Tim Morales will provide information on how easy it is to have your financial institution set up in just a few days to offer HSAs; why it is important to offer investment options; cross marketing opportunities; and what kind of return can your financial institution expect on its investment? You may sign up for this seminar at www.hsaclearing.com.

Banks and credit unions that are looking to grow their deposit base should look no further than their own backyard. As HSAs and consumer-driven health plans continue to grow, many local financial institutions are missing opportunities to keep HSA deposits in their community.

"HSA Clearing Corp has been offering a low cost turn-key HSA program since 2004 and our program offers a positive ROI for our clients," said Tim Morales, President of HSA Clearing Corp. "Offering HSAs is a great way to grow your deposits and build your customer base. Using our proven turn-key HSA solution banks and credit unions are ahead of the game from the start. Buying and maintaining a special HSA software program only costs them money and they have to pass along set up fees, monthly and annual fees to the customer. Late last year we saw a major core processor unload their platform because it was not cost effective. Our customers have found that whether they open 50 or 5,000 HSAs in a given year they're still way ahead as they do not have monthly fees to pay out. These institutions came to us because we can get them up and offering HSAs in a matter of days without spending a lot of time and money on a costly integration program."

"Health Savings Accounts are making a difference to millions of Americans across the country," Morales said. "HSAs allow businesses, families and individuals to purchase affordable health insurance coverage and put away pre-tax dollars for into their HSA accounts for future health care expenses."

About HSA Clearing Corp
HSA Clearing Corp offers turn-key solutions for financial institutions nationwide to initiate and administrate HSA accounts. For more information on this program, or the other benefits of using HSA Clearing Corp, please call 262-348-1300 or visit the website at www.hsaclearing.com.