FAQs
Answers at your fingertips
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- ALR
- Benefits
- Contributions
- Eligibility
- Fees
- General
- Gifting
- How it Works
- Linking Bank Accounts
- Opening an Account
- Prepaid Card
- Qualified Expenses
- Successors and Estates
- Tax Info
- What happens if I no longer want to have an online gifting page for my account?
- No problem. You can delete it anytime you want, and the contributions that have previously been gifted (including pending contributions) will stay in your account. Just sign into your account, go to the Overview tab, and click on the gifting module. Select “Edit this page” and then click “Delete... Read more
- How will I know if I’ve received gifts?
- When a gift contribution has finished processing, you’ll get an email letting you know someone contributed to your account. All processed gift contributions will also appear in your activity feed. Please keep in mind, any gift contributions made through an online gifting page will not be available... Read more
- Can I roll over a 529 College Savings Plan into my ABLE account?
- Yes, you can roll over money from a 529 College Savings Plan into an ABLE account without penalties. The person with a disability (or a family member*) needs to be listed as the beneficiary of the 529 account. You can roll over money from any 529 account into Oregon ABLE. You can use the... Read more
- What is ABLE to Work?
- Employed people with disabilities can save more than the annual contribution limit thanks to ABLE to Work. For 2024, they can save $18,000 as a standard contribution. With ABLE to Work, they can save an additional amount up to either (1) $14,580; OR (2) the beneficiary’s wages for the year –... Read more
- Can I make a direct deposit into an ABLE account?
- 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: Log in to your ABLE account and click on “Direct Deposit” on the Total Balance tile. Or, once logged in, go... Read more
- 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... Read more
- Do my ABLE savings affect my FAFSA?
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Nope. Money saved in an ABLE account does not count as an asset on your Free Application for Federal Student Aid (FAFSA). Plus, your ABLE account can help you pay for those education expenses.
- How long do transfers take?
- It takes 2-3 business days to transfer funds between your ABLE account’s Cash Option and your bank account. It takes 5-7 business days to transfer funds between your ABLE account’s investment options and your bank account. For existing ABLE Prepaid Card customers, funding scheduled before 4 pm PT... Read more
