FAQs
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- About ABLE
- Account Management
- Additional Tax Benefits and Penalties
- ALR
- Banking and Investments
- Contributions and Withdrawals
- Eligibility
- Getting Started with ABLE
- Gifting
- Prepaid Card
- Recurring Contributions
- Rollover
- Successors and Estates
- Tax Credit
- Can an ALR and a beneficiary both have an ABLE Prepaid Card?
- If you’re the Authorized Legal Representative (ALR) for someone, you can order a card for yourself to make purchases for the beneficiary, a card for the beneficiary, or both. Each ABLE Visa® Prepaid Card has its own balance and spending controls, so you decide how funds will be used. The... Read more
- Who can open an ABLE for ALL account?
- Any adult with a qualifying disability that developed before the age of 26 and resides in the state of Oregon can open and manage an ABLE for ALL account. ABLE for ALL accounts were designed to be managed by the person with a disability. Please note, with the passage of new federal legislation, the... Read more
- How do I manage different bank accounts with multiple beneficiaries?
- If you’re an Authorized Legal Representative (ALR) of more than one ABLE account, you can use the same banking information for multiple accounts, as long as you own or are the ALR on those ABLE accounts. Otherwise, each beneficiary can use one or more bank accounts in their own name, or the name of... Read more
- Can I open or manage more than one ABLE for ALL account?
- A person with a disability may only be the beneficiary of a single ABLE account. However, an individual may manage multiple ABLE accounts for different beneficiaries (i.e. an ABLE account for yourself and your child). If you serve as an Authorized Legal Representative (ALR) you can manage multiple... Read more
- How do I add another ABLE for ALL account?
- If you would like to manage multiple ABLE for ALL accounts for different beneficiaries (i.e. an ABLE account for yourself and your child), you can add a new account in two ways. Logged out, from the sign-up page: Go to the ABLE for ALL home page to sign up for a new ABLE account. During the first... Read more
- If I manage multiple ABLE accounts, can I transfer funds from one ABLE account to another?
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No, as a security measure, we do not allow for the transfer of funds from one ABLE account to another ABLE account.
- Can I give other individuals access to my account?
- Only you, the ABLE for ALL account owner, should access your account online with your email and password. For security reasons, you should not share your login information with anyone unless they are your Authorized Legal Representative (ALR). If you want to change the ALR for your account, give us... Read more
- How do I open an ABLE for ALL account?
- The easiest way to create an ABLE for ALL Savings Plan account is to do so through our secure online portal. You’ll need about 15 minutes and $25 to get started. You (or your Authorized Legal Representative) will need to provide some basic information, including your full name, contact information,... Read more
- Does the Authorized Legal Representative (ALR) own the account with the beneficiary?
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No. Regardless of who opens the account, the ABLE for ALL account beneficiary is the sole owner of the funds.
- Who owns the ABLE for ALL account?
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The money in an ABLE for ALL account always belongs to the beneficiary, regardless of who opened the account. ABLE accounts can be opened and managed by an Authorized Legal Representative (ALR), such as a parent or guardian, however, the money still belongs to the beneficiary.
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