Linking Bank Accounts — FAQs — ABLE for All Savings Plan

How can I connect a bank account?

Log in to your account, go to the “Settings” tab and click on the “Add a new bank” button. Follow the steps to link a new bank account by connecting via Plaid or manually adding an account.Keep in mind that you won’t be able to withdraw money to a newly added bank account immediately. There is a 5-day withdrawal hold on banks added via Plaid and a 10-day withdrawal hold on manually added bank accounts.

Categories: Linking Bank Accounts

Can I connect more than one bank account to an ABLE account?

Yes, you can connect more than one bank account as well as multiple types of bank accounts. Each account and type will need to be connected individually, but you can have both savings and checking accounts linked to your account at one time. The Account Owner/Custodian or Beneficiary must own the bank account connected to the Plan account.

Categories: How it Works, Linking Bank Accounts

How it Works, Linking Bank Accounts

What type of bank accounts can I add?

You can connect a checking or savings account.

Categories: How it Works, Linking Bank Accounts

How it Works, Linking Bank Accounts

How do I manage different bank accounts with multiple beneficiaries?

If you are managing ABLE accounts for more than one beneficiary, you can use the same banking information on multiple accounts. The bank account has to be added to each plan account individually.

Categories: How it Works, Linking Bank Accounts

How can I connect a bank account?

Can I connect more than one bank account to an ABLE account?

What type of bank accounts can I add?

How do I manage different bank accounts with multiple beneficiaries?

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