US Bank Puts Out HSA Product

January 13, 2005 ( - US Bank Institutional Trust & Custody is offering a new Health Savings Account (HSA).

A news release said the US Bank Health Savings Solution is aimed at employers, medical insurance companies and medical third-party administrators. More than 30 clients are already utilizing the company’s offering, according to the announcement.

The news release said account and service features include:

  • Web enrollment for employees
  • batch enrollment options for employers
  • Interactive Voice Response systems
  • a customer service call center
  • automatic deposits through payroll deductions
  • ad hoc deposits through lockbox or Automated Clearing House facilities
  • checkwriting and debit card capabilities
  • electronic or paper monthly statements.

The company said US Bank also provides regulatory support including contribution tracking, year-end reporting, and ongoing consulting and education.  

More information about US Bank is at .