Health Savings Accounts
HealthcareBank, a division of Bell Bank, has been engaged in the custodial management of consumer-directed healthcare (CDH) investments since the inception of health savings accounts (HSAs).
HealthcareBank serves as a nondiscretionary, directed sub-custodian on behalf of WEX for HSA consumers’ investment accounts and provides investment recordkeeping and trading services. Our HSA investment solution is integrated with the WEX Benefits Platform, allowing HSA monies to move automatically to and from the HSA consumer’s investment account.
How We Started
HealthcareBank is a division of Bell Bank, one of the nation’s largest family- and employee-owned banks. Founded in 1966 and headquartered in Fargo, N.D., Bell Bank (Member FDIC) has more than $13 billion in assets and full-service banking locations in North Dakota, Minnesota and Arizona.
Bell’s HealthcareBank division was established in 2005 to offer HSAs to consumers and businesses – eventually becoming one of the top 10 HSA custodians in the U.S.
Today, HealthcareBank’s team is proud to continue providing our expertise in servicing and operational support for HSA deposits and investments.