Are there fees associated with the LyfeBank program?
LyfeBank charges a one-time fee of $25 per employee to set up a LyfeVault account (Many of our employers pick up this cost for their employees). Then LyfeBank charges a $10 per month service fee for each employee LyfeVault account. This fee covers the following costs; collecting the contributions from the employer, paying monthly insurance premium(s), providing on-line account management to review account balances’ and transactions, the LyfeVault VISA Debit Card for all qualified account holders, and payment of reimbursements where a LyfeVault VISA Debit Card is not accepted or unavailable.
