A variety of contribution methods to suit your needs
When it comes to saving, every little bit helps.
There are a variety of ways to build your savings and involve others in contributing to your financial security.
Personal contributions
One-time contributions
Contribute how much you want and when you want. If you have funds that you don’t need immediately or don’t want to negatively impact your eligibility for means-tested benefits, you can add it to your Washington State ABLE account. Keep in mind the $19,000 annual contribution limit.
Recurring contributions
Even if it’s a small amount, regular recurring contributions can give your savings a chance to steadily grow and earn. Join the other 41% of ABLE account users who have made it easy and automatic to save each month.
Benefits
SSA Direct Deposits
Skip extra steps and make saving easier by setting up fast, secure direct deposits from the Social Security Administration to your account. Complete the setup process in three simple steps:
Log in to your ABLE account and click on “Direct Deposit” on the Total Balance tile. Or, once logged in, go to “Transfers > Direct Deposit.”
Enter your information and retrieve your unique direct deposit details, including your routing and account number.
Complete the process by updating your direct deposit details with the SSA. If you are receiving SSI benefits, you will need to update your direct deposit details by phone at +1 800-772-1213 (for TTY call +1 800-325-0778) or by visiting your local Social Security Administration office.
*Please be sure that making this monthly deposit will not exceed the annual contribution limit of your account.
Work income
Payroll direct deposit
If you’re working, you can easily add to your account by setting up direct deposits from your paycheck. Each pay period, you’ll send all or a portion of your earnings to your account automatically. Complete the setup process in three simple steps:
Log in to your ABLE account and click on “Direct Deposit” on the Total Balance tile. Or, once logged in, go to “Transfers > Direct Deposit.”
Enter your information and retrieve your unique direct deposit details, including your routing and account number.
Complete the process by providing your employer with the direct deposit details, the same as you would with your own checking or savings account.
Save more with ABLE to Work
If you’re the account beneficiary and employed, you can save more than the standard annual contribution limit by depositing extra money from your paycheck each year. Workers can save more than $15,060 extra or the total of your wages that year, whichever is less (the limit is higher for residents of Alaska and Hawaii). ABLE to Work can help you reach your goals!
Family and friends
Gifting
When you set up a gifting page, your loved ones can easily make gift contributions to your account online. Just customize your page and share your unique URL with friends and family. Your community can help make saving for the future even easier.
Sign in and click the “Create a Gifting Page” on your account overview.
Click “Get started” and follow the prompts to set up your page.
Preview your gifting page and click on “Go Live” if everything looks good.
Share the link to your page directly on social media or send to friends and family.
If others would prefer to mail in a gift, you can also share the Gift Form for them to get started.