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our mission



As the market leader in HSAs, Optum Bank, Member FDIC, currently services over 4 million accounts and $10 billion in assets under management.*


We work closely with our customers to expand access to care, reduce the costs of health care administration and engage individuals in better management of their health.

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Health savings and spending accounts

Optum Bank brings financial services expertise to the health care system, offering a variety of setup options, streamlined implementation and administration across carriers, and analytics to drive engagement and healthy populations. Optum Bank offers HSAs, FSAs and HRAs. As the market leader in health savings accounts in the United States, Optum Bank can help account holders maximize their health care dollars.

With rising health care costs, people are looking for ways to save money while ensuring quality care. If you’re studying up on your health care options, you’ll find there are a lot of choices — and a lot of acronyms, too. For example, you’ve probably come across all of the following acronyms in benefits information: CDH, CDHP, HDHP, HSA, FSA, HRA.

What’s a consumer-driven health plan (CDHP)?
A consumer-driven health plan (CDHP) is a medical plan that typically has a higher deductible and lower monthly premiums. “Consumer-driven” means you manage more of your health care dollars.

A CDHP may be offered with a health savings account (HSA), flexible spending arrangement (FSA) or health reimbursement arrangement (HRA). With these accounts qualified medical expenses may be reimbursed on a tax-free or tax-deductible basis.

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About FDIC membership

Optum Bank is a member of the Federal Deposit Insurance Corporation (FDIC) in order to keep the funds in your HSA deposit account safe. That means the FDIC will cover the funds in your deposit account up to $250,000 in the unlikely event Optum Bank goes out of business. 

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Optum Bank started operating on July 21, 2003, in Salt Lake City, Utah, as a Utah state-chartered industrial loan corporation. Originally named Exante Bank, it changed its name to OptumHealth Bank in 2008 and to Optum Bank in 2012.

Optum Bank is part of the financial services unit of Optum, a health and wellness company serving more than 115 million people. Optum is part of the UnitedHealth Group (NYSE:UNH) family of companies.

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Community reinvestment

Optum Bank employees contribute hundreds of community service hours annually. They teach financial literacy to low- and moderate-income students, serve on boards of non-profit agencies, and enthusiastically support various health care causes.

In addition, Optum Bank has invested more than $46 million in support of low- and moderate-income housing development and other community needs.

The bank meets or exceeds all of its requirements under the federal Community Reinvestment Act.


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Over 150 Optum locations around the world. Optum Bank is a digital-focused bank that is based out of Salt Lake City Utah. We do not have any cash on premise locations.

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11000 Optum Circle, Eden Prairie, MN 55344

Offices and facilities

  • Basking Ridge, NJ
  • Colorado Springs, CO
  • Denver, CO
  • Duluth, GA
  • Eden Prairie, MN
  • Minneapolis, MN
  • Lenexa, KS
  • Overland Park, KS
  • Louisville, KY
  • Milwaukee, WI
  • Providence, RI
  • Reston, VA
  • Rocky Hill, CT
  • Salt Lake City, UT
  • San Francisco, CA

Optum also maintains operations across North America, South America, Europe, Asia Pacific and the Middle East.


*2018 Year-End Devenir HSA Market Statistics and Trends