When Did Wells Sell HSA to Optum?

Wells Fargo sold its Health Savings Account (HSA) business to Optum Bank in 2019. This move impacted customers who held HSAs with Wells Fargo, transitioning their accounts to Optum Bank.

This change came as part of Wells Fargo's strategic decision to focus on core banking services and divest certain non-core businesses. Optum Bank, a subsidiary of UnitedHealth Group, specializes in health financial services and managing HSAs for individuals and employers.

In 2019, Wells Fargo made a strategic decision to sell its Health Savings Account (HSA) business to Optum Bank, a significant move that transitioned all customers' HSAs to Optum Bank's management.