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Can employment earnings be deposited into my account through payroll direct deposit?
Yes! Complete the setup process in three simple steps: Log in to your ABLE account and click on “Direct Deposit” on the Total Balance tile Enter your information and retrieve your direct deposit details - including a unique routing and account numbers Provide your account details to your...
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Can I close and transfer my STABLE account through [[planName]] to a different ABLE program?
Yes, but you can make only one rollover every 12 months. Use the STABLE Account rollover forms to start the process.
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Can I connect more than one bank account to a STABLE account?
Yes, you can connect more than one bank account as well as multiple types of bank accounts. Each account and type will need to be connected individually, but you can have both savings and checking accounts linked to your account at one time. The Account Owner/Custodian or Beneficiary must own the...
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Can I contribute money with a credit card?
No. Contributions are made by mailing in a check or by transferring funds into your STABLE account from a bank account.
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Can I enroll and manage a STABLE account with a paper form?
The easiest and fastest way to enroll and manage a STABLE account is online. If you want to use paper forms for enrollment or managing your account, you can find the forms here.
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Can I get cash or use the card at an ATM?
No, your card cannot be used to get cash or withdraw money from ATMs.
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Can I limit spending to certain categories?
Yes. Once you receive your STABLE Visa® 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 logging in to your STABLE Visa Card...
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Can I move money from the card back into my account?
No. Once money is moved from your account onto your STABLE Visa® Card, it cannot be moved back into your STABLE account.
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Can I open and/or manage more than one STABLE account?
Yes, you can have a STABLE account for yourself and/or open and manage multiple STABLE accounts for beneficiaries as their Authorized Legal Representative. Remember that each STABLE account can be connected to one or more bank accounts, and each beneficiary can have only one account at a time. See...
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Can I roll over a 529 College Savings Plan into my STABLE account?
Yes, you can roll over money from a 529 College Savings account into a beneficiary’s (or family member’s*) STABLE account without being penalized. There is a $17,000 rollover limit (less any current tax-year STABLE account contributions). You can use the appropriate 529 College Savings to ABLE...
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