Withdrawals are designed to be simple and efficient.
Checking Option Withdrawals
Account Owners participating in the Checking option can use the debit card or check book to make payments for qualified expenses from the checking account balance. The daily sales limit for the debit card is $5,000 and the daily ATM limit is $810. There is a $3.00 fee to use an ATM that is not a Fifth Third Bank ATM.
Investment and Bank Savings Withdrawals
Account Owners or Authorized Individuals may request withdrawals with flexibility to meet various needs to efficiently pay one-time or reoccurring expenses. Withdrawals can also be set up as prescheduled withdrawals to send money systematically to an individual or company.
- A check may be issued directly to the Account Owner, Authorized Individual, or to a company to efficiently pay one-time or reoccurring expenses.
- Withdrawals can be issued electronically to the external bank account on file.
Moving Assets
- You can move your assets to another ABLE account as long as you only have one ABLE account in total at any one time nationwide.
- You can request that the Plan moves 100% of your assets to another account for yourself in another ABLE plan once per 12 months ("rollover out" of Enable). Your account with Enable will be closed.
- You can request a rollover of a portion or all of your account to another member of the family who is an eligible account owner in another ABLE Plan at any time.
- You can transfer a portion or all of your account to another member of your family who is an eligible account owner in the Enable Plan.
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