How do I load the ABLE Visa Prepaid Card?
You can load money to your ABLE Visa Prepaid Card from your ABLE United account. You may not add funds to your card account from other sources such as credit cards, debit cards, other bank accounts, cash, or by sending personal checks, cashier’s checks, retailer load networks (e.g., Green-Dot, MoneyGram, Western Union, etc.) or money orders.
The ABLE Visa Prepaid Card can be reloaded automatically each month by using the “Manage Monthly Withdrawal” form. Complete Step 5 with your TrueLink account and routing number. Alternatively, you may call customer service to establish these instructions.
A maximum of 95% of your available ABLE account balance can be transferred and loaded onto your ABLE Visa Prepaid Card, subject to the daily and monthly load card maximums. See your Cardholder Agreement for any additional limitations.
You can track your transaction activity and card balance via the TrueLink website. If your ABLE Visa Prepaid Card account has a zero or negative balance for 4+ consecutive months, TrueLink may automatically close your card account without advance notice.
What is the True Link ABLE Visa® Prepaid Card?
The True Link ABLE Visa Prepaid Card is a reloadable Visa card that is connected to your ABLE United account. You can load money to your card using any of the savings or investment options in which you have a balance. The card can be used everywhere Visa debit cards are accepted. Since it is not a credit card, there is no credit check to obtain the ABLE Visa Prepaid Card.
An ABLE Visa Prepaid Card can be issued for the Beneficiary and/or Authorized Legal Representative. You can track your expenses online through True Link Financial, Inc. There is a $2.50 monthly fee associated with the card for ABLE United participants. This fee will be automatically debited from the card on a monthly basis. Additional terms and conditions do apply; please see the Cardholder Agreement.
For more information, visit the prepaid card page. You can enroll here or sign in to your Visa Prepaid Card account here.
How do I sign up for the ABLE Visa Prepaid Card?
To sign up for an ABLE Visa Prepaid Card, you must have a valid ABLE United account. Request a card by logging into your account and clicking the “Sign Up For a Prepaid Card” box in the lower right-hand corner of the Overview page, or by clicking here.
What happens if the Authorized Legal Representative (ALR) passes away?
The Beneficiary of an ABLE account is not affected when the ALR passes away because the Beneficiary owns the account. To change or remove the ALR, contact customer service Monday – Friday, 9am – 5pm ET, at 1-888-524-2253, or Florida Relay Service dial 711.
If I withdraw the full balance and close my account, are the funds taxable?
The funds are not taxable if used for Qualified Disability Expenses. If withdrawals from the ABLE account for the calendar year exceed the Qualified Disability Expenses, the earnings portion of the funds may be subject to income tax, plus a 10% penalty. Consult a tax professional for additional guidance.
Keep in mind that these funds may be considered an asset for federal means-tested programs, like Supplemental Security Income or Medicaid. Alternatively, you may roll over the funds to another ABLE account.
How do I make a gift contribution online?
To contribute online, first make sure the recipient has set up their gifting page. Then use their gifting page link to fill out the form fields as directed — like your name, address, the amount you want to contribute, whether you want to pay by debit card or with a bank account, and the occasion for your generosity.
How will I know if I’ve received gifts?
When a gift contribution has processed, you’ll get an email letting you know someone contributed to your account. All processed gift contributions will also appear in your activity feed. Please keep in mind, any gift contributions made through an online gifting page will not be available for withdrawal for 10 business days.
What is the gifting limit?
If you decide to show your gifting limit, your gifting page will display the percentage of your goal that you’ve reached so far, so people who visit your page can see your progress.
Don’t worry, they can’t see the actual dollar amount you’ve collected or how much you want to save.
Are gift givers charged a fee when they contribute through my page?
Making an online ACH (bank) contribution is free, as is mailing in the Gift Form and paper check.
What happens if I no longer want to have an online gifting page for my account?
No problem. You can delete the gifting page anytime you want, and the contributions that have previously been gifted (including pending contributions) will stay in your account.
To delete your page:
- Sign into your account.
- Go to your “Account Overview” and click on the gifting module.
- Select “Edit This Page” and then click “Delete This Page.”
Once you’ve deleted your gifting page, you’ll be able to set up a gifting page again in the future if you want.
Once your gifting page has been deleted, you’ll still be able to receive gift contributions by check, as long as you have not reached your annual contribution limit.
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