Why is there an extra fee for the ABLE Prepaid Card?
We know our ABLE savers use their accounts differently from one another. Some are using their accounts to pay for their everyday living expenses. Others are saving up for larger purchases, like a down payment, that will take years of saving to achieve. We decided not to wrap the ABLE Prepaid Card fee into our overall fees because then all of our savers would be paying the fee, whether or not they were using a card.
The ABLE Prepaid Card fee is $1.25 a month, no matter how little or how much it’s used. It works best for account owners who plan on spending money regularly.
