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Account overview

Learn what you need to know about Alabama ABLE and how to open an account.

Setting up your account

You can set up an ABLE account in as little as 10 minutes. We’ll need your Social Security Number and date of birth to verify your identity and then 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.

While you’re enrolling, you can choose to save your money in a cash option, invest it, or both. Keep in mind that if you decide to split your contributions between the cash and investment option, you’ll just need to contribute at least $25 across at least one savings or investment option. (For example, you could choose to contribute $5 to one investment portfolio and contribute the remaining $20 to the cash option.)

Remember: $25 is the minimum deposit required to open an Alabama ABLE account with a $5 minimum for any contribution or withdrawal after that.

Compare savings options

Adding money

The online platform is powered by Vestwell, the Alabama ABLE program administrator, to securely connect your ABLE and bank accounts while protecting your information.

This platform makes it easy to add money whenever you want, however you want — via individual transactions or monthly automatic transfers — to help you reach the yearly contribution maximum ($18,000). Friends and family can also add money via gift contributions, but each account can only receive contributions from all sources up to a total of $18,000 per year. Beneficiaries who are employed can contribute extra funds with ABLE to Work.

Gifting FAQs

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

Making withdrawals

You can withdraw a minimum of $5 online from your ABLE account to your bank account. And there are many easy ways to access your money — via an electronic transfer to your bank account, via paper check or via the ABLE Prepaid Card.


There’s an annual fee of $35 for each Alabama ABLE account that is billed quarterly. There are also low fees on the underlying mutual funds, which are a part of each of the investment options, and an administrative fee assessed on the overall account assets. 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.

Tracking your expenses

While we don’t need to see your receipts for qualified disability expenses, the IRS might request them. So, in addition to tracking your spending in the online expense tracker, it’s best to keep documentation for your eligible purchases.

Keep in mind: All ABLE account funds that are spent on non-qualified expenses, will have to pay income tax on the amount, plus a 10% penalty on those earnings. Also, keep in mind that any non-qualified withdrawals are considered income for that month and could count against your eligibility for Supplemental Security Income (SSI) benefits or Medicaid.

See eligible expenses

Tax advantages of ABLE plans

If you are a resident of Alabama, contributions up to $5,000 per filer may be deductible on your Alabama taxes. In addition, both the earnings from your ABLE account and the money you withdraw are tax free when used for qualified disability expenses.

Remember, if you or your beneficiary live outside of Alabama, you should consider before investing whether your state or your beneficiary's state offer state tax or other benefits for investing in its ABLE plan.

Compare investment options