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Compare the three savings account options that can be paired with Consumerism plans.

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The Bancorp Bank*

Get more information about HSA tax advantages. Visit our preferred HSA administrator, The Bancorp Bank.*

Funding
Health Savings Accounts (HSAs)

Employer Funding

For employers that contribute to employee HSAs, The Bancorp Bank* provides four contribution methods:

  • Online Funding Tool — A secure, online application enables employers to allocate employer and employee deposits to active accounts with simple clicks on Bancorp's HSA website.
  • Direct Deposit — An employer, or their third party payroll administrator, may initiate direct deposits into employee accounts via the Automated Clearing House (ACH) network.
  • Check — Employers may contribute to employee accounts by sending one lump sum check accompanied by Bancorp's HSA Employer Contribution form.
  • ACH/Wire — Contributions to employee accounts can be made through ACH or wire transfer by sending one lump sum check accompanied by Bancorp's HSA Employer Contribution form.

Employee Funding

The Bancorp Bank offers a number of ways for employees to contribute to their HSA. These include:

  • check or money order;
  • credit card transfer without cash advance fees;
  • wire transfer;
  • direct deposit/payroll deduction;
  • e-transfers from another account;
  • deposit-accepting ATMs.

* The Bancorp Bank of Wilmington, DE, is a federally qualified bank offering HSA trustee services. It is not affiliated with Independence Blue Cross.

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