Can a Social Security Representative Payee open an account for a beneficiary?
If you’re an eligible beneficiary with a Representative Payee, you can open an account for yourself. To have a Representative Payee open an account for you, they must meet the requirements of an Authorized Legal Representative (anyone who is selected by the eligible beneficiary with legal capacity,...
Can an Authorized Legal Representative and beneficiary both have a 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 card has its own balance and spending controls, so you decide how funds will be used. The beneficiary will not have...
Can I close and transfer my ABLE for ALL Savings Plan to a different ABLE account?
Yes, but you can make only one rollover every 12 months. Use the ABLE plan’s rollover forms to start the process.
Can I connect more than one bank account to an ABLE account?
Yes, we’ve made it even easier to access and handle ABLE funds by allowing you to securely log in and connect multiple bank accounts. This makes it easier to manage and grow your ABLE account and have more control over how to withdraw funds for eligible expense.
Can I enroll and manage an ABLE account with a paper form?
The easiest and fastest way to enroll for and manage an ABLE account is online. If you want to use paper forms for enrollment or managing your account, you can find the forms here.
Can I get cash or use the card at an ATM?
Unfortunately, your card cannot be used to get cash or withdraw money from ATMs.
Can I limit spending to certain categories?
Yes. Once you receive your ABLE Visa® Prepaid Card, you can log in and set customized restrictions on certain spending categories and you can also turn on SMS alerts to notify you of a range of activity on your card.* Your settings can be updated at any time by going to...
Can I make direct deposits into an ABLE account?
Yes, monthly transfers are a great way to help an ABLE account grow and reach your yearly goal. Direct deposits, also known as monthly transfers, are automatic contributions that you can set up in just a few steps directly from your account. Look for the “Transfers” button once you’re signed in and...
Can I move money from the card back into my account?
No. Once money is moved from your account onto your ABLE Visa® Prepaid Card, it cannot be moved back into your ABLE account.
Can I open a new ABLE for ALL Savings Plan account if my previous ABLE for ALL Savings Plan was closed?
Yes, log in to your closed account using your email and password, then find the “Create new account” link to get started.