HSA Trustee Services Announces Quick Disbursement Services for HSA's

Lake Geneva, WI (PRWEB) October 28, 2005

October 26, 2005-Lake Geneva, WI- HSA Trustee Services, a nationwide leader in origination and servicing of Health Savings Accounts/HSAs, along with its banking partner HSA Trustee Bank, a division of Sutton Bank, will be using the Quick Disbursement Services by Magic-Wrighter, Inc.

The Quick Disbursement On-Demand Transfer system developed by Magic-Wrighter, Inc., allows HSA employer group customers to transfer money into their HSA account 24-hours a day, 7-days a week, even if their primary checking or savings account is located at another institution. Please visit our site to find out more http://www.hsatrusteeservices.com

The Quick Disbursement service allows the employer to retrieve and maintain a list of employee’s HSA deposits. The employer can transmit the file (usually each payday) by the click of the mouse. The employer does not need to maintain a business account at HSA Trustee Bank. Our Quick Disbursement service will create each employee’s HSA deposit, as directed by the employer, and will generate an ACH withdrawal from the employer’s business account for the total amount of the HSA deposit file that was posted. This service is a full Internet product and does not require any software to be installed on the employer’s computer. Employers can learn to use the service in less than 10-minutes.

“The Quick Disbursement system is great for employer groups taking advantage of our Section 125 HSA plan for pre-taxed payroll deductions, saving the employer the matching FICA taxes. It couldn’t get any easier to transfer these deposits”, said Tim Morales of HSA Trustee Services. “The Quick Dispursement service will properly identify employer contributions and employee contributions, making reporting that much easier.”

About HSA Trustee Services

HSA Trustee Services is a nationwide provider specializing in opening Health Savings Accounts (HSA) for individuals, families and groups since the inception of the HSA program in January 2004. hsa Trustee Services was the first HSA administrator to offer a "no monthly fee" HSA which includes their exclusive “HSA Rx Card” for further savings on prescriptions drugs. For more information on this program, or the other benefits of using hsa Trustee Services, please call 866-hsa-2010 or visit the website at http://www.hsatrusteeservices.com. HSA Trustee Services is dedicated to “Keeping the $avings in the Health Savings Account”.