FAQs
Answers at your fingertips
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- About ABLE
- 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 if I want to close my account?
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Simply give us a call and we’ll help you out. Reach us at 1-844-999-2253, 6am-5pm PT. We’ll be sad to see you go.
- Do I have to live in Oregon to open an Oregon ABLE account?
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Yes, you must be an Oregon resident to open an Oregon ABLE Savings Plan account. If you aren’t an Oregon resident, you might consider opening an account with ABLE for ALL, a national savings plan run by the state of Oregon that has many of the same features.
- How do gifting limits work?
- Gift contributions count towards your standard contribution limit for the year. Friends and family will be prevented from making gift contributions that go beyond the gifting limit you set, but gift contributions could also be capped by contributions you make. For example, if your gifting limit is... Read more
- Where can I find my account number?
- You can find all the information about an ABLE account on the Overview page. The account number is at the top of that page. The rest of the information about the beneficiary’s account — including contact info, condition, customization, money allocation, and yearly goal — can be viewed and edited on... Read more
- How do I change my address?
- You can update either a beneficiary or an Authorized Legal Representative’s address through the online dashboard under account details. When you update an ABLE account’s address, there’s a 15-day hold for all check withdrawals requested with the Withdrawal Form or by calling customer service.... Read more
- Can I open or manage more than one Oregon ABLE account?
- A person with a disability may only be the beneficiary of a single ABLE account. However, an individual may manage multiple ABLE accounts for different beneficiaries (i.e. an ABLE account for yourself and your child). If you serve as an Authorized Legal Representative (ALR) you can manage multiple... Read more
- Can I connect more than one bank account to an ABLE 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... Read more
- Do I use the same login information if I have multiple ABLE accounts?
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Yes, you have only one username (email) and password to log in to all the ABLE accounts you manage for either yourself or your beneficiaries.
- Do I have to file separate taxes for each ABLE account?
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Each beneficiary account is treated separately. Every account is subject to a separate $19,000 annual contribution limit (or more if the beneficiary has earned wages for that year), and each ABLE account will receive separate tax documents.
- If I manage multiple ABLE accounts, can I transfer funds from one ABLE account to another?
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No, as a security measure, we do not allow for the transfer of funds from one ABLE account to another ABLE account.
