Purple ABLE Savings
Save for the future without losing your benefits
• Stay eligible for benefits
• Save for disability expenses
• Easy transfers & auto-save
• Spending controls & tracking
Purple is a financial technology company, not a bank. Banking services are provided by our partner bank, Member FDIC.
Why choose Purple ABLE?
🔄 Auto-save for the future – Set up recurring transfers to grow your savings effortlessly.
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âš¡ Seamless integration – Manage your Purple ABLE alongside your Purple Checking account—track balances, set spending limits, and automate deposits.
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🛡 Built-in spending controls – Keep your savings on track with category-based controls and real-time transaction alerts.
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📂 Track expenses with ease – Organize receipts and stay compliant with ABLE spending rules.
Save without stress
💜 Stay eligible for benefits – Keep up to $100,000 in your ABLE account without impacting SSI.
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📈 Tax-free growth – Earnings are 100% tax-free when used for qualified disability expenses.
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💳 Flexible spending – Use your Purple card to spend directly on approved expenses like housing, transportation, and assistive technology.
Your money, your future
💰 Save more with family & friends – Anyone—parents, friends, or employers—can contribute to your ABLE Savings with easy transfers.
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🎯 Smart QDE Routing – We help you classify purchases as Qualified Disability Expenses (QDEs) so you’re always on track.
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🚀 No hidden fees, no worries – $0 monthly fees, no minimum balance, and no surprises.
