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
- How can I connect a bank account?
- To connect a bank account to your ABLE for ALL account, first log in to your online dashboard, then 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. If you manually add a bank... Read more
- How do I set up direct deposits?
- You can contribute to your ABLE for ALL account using fast, secure direct deposits from either the Social Security Administration or your paycheck. Complete the setup process in three simple steps: Log in to your ABLE for ALL account and click on “Payroll direct deposit” on the Total Balance... Read more
- Can I enroll and manage an ABLE account with a paper form?
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The easiest and fastest way to open an ABLE for ALL account is online. If you want to use paper forms for enrollment or managing your account, please visit our Forms page.
- Can I connect more than one bank account to an ABLE for ALL account?
- Yes, you can connect more than one bank account to your ABLE for ALL account, as well as multiple types of bank accounts. You can have both savings and checking accounts linked to your account at one time, but you will need to go through the process of connecting each account individually. The... Read more
- Do I use the same login information if I have multiple ABLE accounts?
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Yes, you will need only one username (email) and password to log in to all the ABLE accounts you manage for either yourself or your beneficiaries.
- 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 choose an investment option?
- When setting up your ABLE for ALL Savings Plan account, you can save money in a cash option, investment option, or both. The choice is up to you. If you decide to invest all or some of the money, there are three investment options to choose from: ABLE Conservative, ABLE Moderate, and ABLE... Read more
- Are there any contribution limits?
- Yes. There's a minimum $25 contribution to open an ABLE for ALL account, and then any subsequent transactions — including contributions, withdrawals, bank transfers, and gifts — need to be at least $5 each. Individual online contributions are capped at the annual ABLE contribution limit for the... Read more
- Is there a minimum amount to open an account?
- There is a $25 minimum deposit to open an ABLE for ALL account. After that, you can add as little as $5 at a time. You can save money in a cash option, invest, or both. The choice is up to you. If you decide to make an investment, at least 10% of your total funds need to be invested in one of the... 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
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