Author: Deborah Goodkin, Managing Director, Savings Plans, First National Bank of Omaha
Today the Enable Savings Plan launched a new Checking Investment Option, allowing account owners to pay for daily expenses through check or debit card. Our team has been looking forward to this day for a long time and we are delighted it is finally here!
This is a critical move forward for the Enable Savings Plan because account owners can now contribute and withdraw money seamlessly for everyday expenses and earn interest in their account. Another benefit is that the Checking Investment Option serves as a step forward for account owners seeking financial independence. Enable savers can now budget, plan and pay for their expenses all within one account.
After getting to know quite a few Enable account owners over the past few months, I’m thrilled to be able to offer this option to them. Our investors have jobs, apartments, pets to take care of – it is important for them to have these banking capabilities so they can lead their everyday lives. It’s a new type of freedom and flexibility.
There are various methods to contribute:
- Mailing a check to the Enable Savings Plan
- Electronically from a personal bank account into an Enable Checking Investment Option
- Payroll deduction direct deposit
- Automatic Investment Plan, transferring funds from other Enable investment options, or by using Systematic Exchange, in which a portion of a contribution into the Target-Risk or Bank Savings Option can be moved into the Checking Investment Option.
Withdrawals can be done by check, debit card at an ATM or for purchases at a store or online, logging into a secure Enable Savings Plan account, sending in a Withdrawal form downloaded from EnableSavings.com, or by calling the Plan at 844-ENABLE4.
Account balance, transactions, and statements can be tracked online at EnableSavings.com.