BMO Harris Bank Partners with Lively to Offer Personalized HSA Experience

Lively, Inc. (Lively), the creator of the modern Health Savings Account (HSA), announced on June 24 that it is partnering with BMO Harris Bank, which is part of BMO Financial Group, to bring a modern HSA experience to eligible individual BMO customers and commercial banking clients making HSA arrangements for their employees and commercial customers through a new referral agreement.

Lively will launch new HSAs this fall, providing BMO customers with a more engaging HSA experience that will help them make real financial progress through more powerful health savings tools.

"BMO is continually innovating to deliver a convenient customer experience when it comes to money management – including health care costs. This means constantly evaluating our suite of customer offerings to ensure we're meeting our customers' needs," said Paul Dilda, Head of Consumer Strategy at BMO Harris Bank. "We have been impressed by Lively's unprecedented growth and commitment to putting customers first. Together, we will continue to help customers make real financial progress."

According to BMO Harris Bank , in addition to leveraging Lively's proprietary technology, BMO will realize cost savings in operations, compliance and support while continuing to hold deposits. The new BMO HSA delivered by Lively will offer multiple investment options, expand HSA features for account holders and administrators, and offer a modern HSA experience coupled with Lively's renowned support.

Furthermore, BMO will make a strategic investment into Lively. Lively will use this additional infusion of capital to continue building its leading capabilities and increase its growth opportunities in the HSA market.