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How it Works

Prepare for tomorrow by saving and investing today

Opening an account

You can set up an ABLE account on the Sumday platform in as little as 10 minutes. We’ll ask for some information about the beneficiary, the qualifying disability, and how the ABLE account will be funded. To complete the setup, you’ll customize your account and make decisions about the money added.

You can save money in a cash option and/or invest money. If you decide to invest, you’ll need to put at least 10% of your funds in the investment option. The choice is up to you. There’s a $25 minimum deposit to start off your account and a $10 minimum for any contribution or withdrawal after that.

Why a cash option?

If you’re a “saver” rather than an “investor,” this is a conservative alternative for saving. It could be a good option if you plan on spending money from your account in the near future. This option protects your balance by putting all of the assets into an FDIC-insured account; there’s a low level of risk and lower levels of return.

Picking an investment option?

There are three types of financial portfolios to pick from: ABLE Conservative, ABLE Moderate, or ABLE Aggressive. Each investment option has its own benefits and limitations. It’s up to you to decide which one is right for you.

ABLE Conservative seeks to provide current income and some growth by investing in a portfolio of mutual funds that consists of 20% global public stocks and 80% bonds. Overall, there’s a small amount of risk and limited appreciation potential, designed for a shorter investment period.

ABLE Conservative: 20% Stocks, 80% Bonds

ABLE Moderate seeks to provide a combination of growth and current income by investing in a portfolio of mutual funds that consists of 50% global public stocks and 50% bonds. Overall, there’s a medium level of risk for a pursuit of investment return, designed for a medium or uncertain time horizon.

ABLE Moderate: 50% Stocks, 50% Bonds

ABLE Aggressive provides the potential to grow by investing in a portfolio of mutual funds that consists of 80% global public stocks and 20% bonds. Overall, there’s a higher level of risk and potential for return (or loss), designed for a longer investment period (10 years or more).

ABLE Aggressive: 80% Stocks, 20% Bonds

For more detailed information on the investment options please see the Plan Disclosure Booklet.

You can also check out the Performance History of these investment options.

Adding money

With the online platform powered by Sumday, the whole process is simple and intuitive. Your bank account is securely connected to the ABLE account to protect your information. You can add money whenever you want, even as little as $10 at a time, or every month with automatic transfers, to help you reach the $18,000 yearly maximum. Friends and family can also add to an account by making gift contributions.

Direct Deposits

Users can contribute to their accounts using fast, secure direct deposits from either the Social Security Administration or their paycheck.

Complete the setup process in three simple steps:

  1. Log in to your ABLE account and click on “Direct Deposit” on the Total Balance tile. Or, once logged in, go to “Transfers > Direct Deposit.”

  2. Enter your information and retrieve your unique direct deposit details, including your routing and account number.

  3. Complete the process by:

a) Federal Benefit Direct Deposit: Updating your direct deposit details with the SSA. If you are receiving SSI benefits, you will need to update your direct deposit details by phone at +1 800-772-1213 (for TTY call +1 800-325-0778) or by visiting your local Social Security Administration office.


b) Payroll Direct Deposit: Providing your employer with the direct deposit details, the same as you would with your own checking or savings account

Using your account

You can withdraw a minimum of $10 online from your ABLE account to your bank account. All types of transfers usually take between 2-7 business days to complete and will appear as Sumday on your bank account statements. If you want to learn about our plan manager, Sumday, read more here.


There’s a low fee of $35 for each Hawai’i ABLE Savings Program account to keep everything running smoothly. There are also low fees on the underlying mutual funds, which are part of each of the investment options, and a state administrative fee. These add up to between 0.30% and 0.34% of the account’s balance per year. Additional fees are added when you opt out of electronic statements or request a withdrawal check, instead of doing everything online. You can check them out in our Fees FAQ.