Open an ABLE account

If the Eligible Individual is under age 18, is unable to open the account, or chooses to open an account but not exercise signature authority, an individual authorized to act on their behalf may open and manage the account as the Authorized Individual.

An ABLEnow account may be established by the Authorized Individual on behalf of an Eligible Individual in the following order of priority:

• Agent under a Power of Attorney, or if none, a
• Conservator or Legal Guardian (of the person and/or property),
• Spouse,
• Parent,
• Sibling,
• Grandparent, or
• Representative Payee appointed for the Account Owner by the Social Security Administration (SSA).

By opening an ABLEnow account on behalf of an Eligible Individual, the Authorized Individual self-certifies that no person with a higher priority is willing and able to serve in that role.

An Authorized Individual may neither have nor acquire any beneficial interest in the account during the Account Owner’s lifetime and must administer the account for the benefit of the Account Owner.

ABLEnow offers entity enrollment options for providers wishing to open and manage ABLEnow accounts on behalf of eligible clients. Visit ABLEnow.com/entity-management for more information.

No. Eligible Individuals may have only one ABLE account at a time.

Open an ABLEnow account online at ABLEnow.com. Complete and submit the application by following the step-by-step instructions.

For the Eligible Individual with a disability, the following is required:

• Personal information: name, date of birth, address, Social Security Number, email and phone
• Basis of eligibility under the ABLE Act
• Category of disability under the ABLE Act

If a person other than the Eligible Individual with a disability is opening the account, the following additional information is required from the Authorized Individual:

• Relationship to Account Owner
• Personal information: name, date of birth, address, Social Security Number, email and phone

Authorized Individuals opening an ABLEnow account as the agent under a Power of Attorney, Conservator, Legal Guardian, or Representative Payee are required to submit the appropriate documentation:

• Power of Attorney: Submit a notarized copy of the document that grants you the legal authority to manage the banking and other financial institution transactions of the Eligible Individual.<
• Conservator: Submit a copy of the court order or other documentation issued by your state granting appropriate financial authority of the Eligible Individual.
• Legal Guardian: Submit a copy of the court order or other documentation issued by your state granting appropriate financial authority of the Eligible Individual.
• Representative Payee: Submit a copy of your documentation issued by the Social Security Administration (SSA) appointing you as Representative Payee for the Eligible Individual.

There is no enrollment fee to open an ABLEnow account.

The minimum initial contribution to open an ABLEnow account is $5. Subsequent contributions may be as low as $1. However, if an ABLEnow account balance remains $0 for 90 days, the account may be closed due to inactivity.

Yes. The following fees may apply:

Account maintenance fee:
The account maintenance fee is $8.50 per quarter when statements are delivered electronically, which is the default option at enrollment. If the Account Owner or their Authorized Individual chooses paper statements, the maintenance fee is $12.75 per quarter.

Investment option fee:
Asset-based fees assessed quarterly based on the investment options selected. The three target-risk portfolio options have a 0.18% asset-based fee. The FDIC-Insured portfolio has a 0.15% asset-based fee.

The Checking Account portfolio option does not have an asset-based fee. However, a $2 monthly service charge applies unless the Account Owner maintains an average daily balance of at least $250 or enrolls in electronic statements directly with Fifth Third Bank.

Other possible fees:
Additional fees may apply depending on account activity. See the Program Description for details.

To transfer (rollover) your ABLE account from another state’s program to ABLEnow, open your ABLEnow account. Complete and submit the indirect or direct rollover form on the forms page.

Yes. ABLEAmerica is the national, advisor-sold ABLE savings program offered through a partnership between Commonwealth Savers and Capital Group, home of American Funds.

ABLEAmerica gives Eligible Individuals the opportunity to work with a financial professional to build an ABLE savings plan that meets their specific needs.