Health-savings + payments arm of Optum.
📍 Salt Lake City, Utah, USA
Optum Bank, Inc. is a financial institution based in Salt Lake City, Utah, dedicated to improving health and financial well-being by managing healthcare finances. It was launched in 2003 as an industrial loan corporation named Exante Bank. Optum Bank offers comprehensive services, including Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Accounts (HRAs), alongside investment options and Medicare Advantage medical savings. As of recent data, Optum Bank manages over $25 billion in HSA assets under management, making it the largest HSA custodian by assets under management. The bank is a subsidiary of Optum Financial, Inc., which is part of UnitedHealth Group. Optum Bank is a member of the FDIC and employs approximately 2,000 people.
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