Checking Account Option
Offered through Fifth Third Bank, this option provides ABLEnow account owners with flexible access to pay qualified disability expenses.
The Checking Account option helps ABLEnow account owners use their funds for qualified disability expenses while continuing to save for the future. Offered through Fifth Third Bank, N.A., this optional feature provides convenient access through a debit card, check writing and cash withdrawals.
Balances continue to earn interest and are FDIC-insured up to applicable limits. Account owners can monitor activity online at any time and receive real-time alerts.
By connecting saving and spending, the Checking Account option provides greater flexibility, control and confidence in managing finances.
Key features
Contribute up to $20,000 each year. If employed, you may be eligible to contribute more under the ABLE to Work Act.
Grow your savings tax free, helping your money go further over time.
Save while maintaining eligibility for certain public benefits, such as Medicaid and Supplemental Security Income (SSI).
Pay for a wide variety of expenses using your ABLE account, supporting health, independence and quality of life.
Fee-Free options available
There is no monthly service charge when the Checking Account maintains an average monthly balance of $250 or more during the statement cycle, or when the account owner enrolls in electronic statement delivery. Otherwise, a $2 monthly service charge applies. Review the ABLEnow Program Description for details.
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