FAQs
Answers at your fingertips
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- About ABLE
- Account Management
- Additional Tax Benefits and Penalties
- ALR
- Banking and Investments
- Contributions and Withdrawals
- Eligibility
- Getting Started with ABLE
- Gifting
- Prepaid Card
- Recurring Contributions
- Rollover
- Successors and Estates
- Tax Credit
- Are there any contribution limits?
- Yes. There's a minimum $25 contribution to open an Oregon ABLE account, and then any subsequent transactions — including contributions, withdrawals, bank transfers, and gifts — need to be at least $5 each. Individual online contributions are capped at the annual ABLE contribution limit for the... Read more
- Can I give other individuals access to my account?
- Only you, the Oregon ABLE account owner, should access your account online with your email and password. For security reasons, you should not share your login information with anyone unless they are your Authorized Legal Representative (ALR). If you want to change the ALR for your account, give us... Read more
- How do I choose an investment option?
- When setting up your Oregon ABLE Savings Plan account, you can save money in a cash option, investment option, or both. The choice is up to you. If you decide to invest all or some of the money, there are three investment options to choose from: ABLE Conservative, ABLE Moderate, and ABLE... Read more
- 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.
- Can I connect more than one bank account to an ABLE account?
- Yes, you can connect more than one bank account to your Oregon ABLE account, as well as multiple types of bank accounts. You can have both savings and checking accounts linked to your account at one time, but you will need to go through the process of connecting each account individually. The... Read more
- Do I use the same login information if I have multiple Oregon ABLE accounts?
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Yes, you will need only one username (email) and password to log in to all the ABLE accounts you manage for either yourself or your beneficiaries.
- Can I enroll in an Oregon ABLE account with a paper form?
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The easiest and fastest way to open an Oregon ABLE account is online. If you want to use paper forms for enrollment or managing your account, please visit our Forms page.
- Can I open a new Oregon ABLE account if my previous account was closed?
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Yes, simply log in to your closed account using your previously established email and password, then find the “Create new account” link to get started.
- Do I need a Social Security Number to open an ABLE account?
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Yes. You need to have a Social Security Number (SSN) or an Individual Tax ID Number (ITIN) to open an ABLE account. Learn more about the process of getting a or an , on these official government websites.
- How can I connect a bank account?
- To connect a bank account to your Oregon ABLE account, first log in to your online dashboard, then go to the “Settings” tab and click on the “Add a new bank” button. Follow the steps to link a new bank account by connecting via Plaid or manually adding an account. If you manually add a bank... Read more
