Members of the disability community have asked for a faster way to start their savings when opening an ABLEnow account. Based on this feedback, the ABLEnow application has been updated to provide many new customers with the convenient option to add funds at enrollment.
ABLEnow customers who pass all identity verification screening requirements and successfully link an active bank account may initiate their first contribution while opening their ABLEnow account. Simply follow the step-by-step instructions in the online application.
Applicants who are required to provide additional identity or legal documentation will receive a welcome email with instructions on contributing once their application is complete.
There is no minimum amount required to start your savings, but the deposit cannot exceed the Internal Revenue Service (IRS) maximum contribution amount for the current tax year ($15,000 in 2020). New customers have the option to skip the contribution at enrollment and add funds to their account later through the ABLEnow Consumer Portal, by mail using the ABLEnow Contribution Form or by requesting gift contributions. It’s always a good idea to fund your account as soon as possible. Remember, if an ABLEnow account balance remains $0 for several months, the account may be closed due to inactivity.
Feel prepared to open an ABLEnow account with this article covering three things to know before completing your application. For questions, please contact ABLEnow Customer Service.