The ABLE Savings Account for South Carolina Residents
South Carolina residents can open a Purple ABLE account to save for disability expenses without losing SSI or Medicaid eligibility
Purple is a financial technology company, not a bank. Banking services are provided by our partner bank, Member FDIC.
Saving made simple
Purple ABLE makes it easy to save, spend, and stay compliant — all in one place
Auto-save for the future
Set up recurring transfers to grow your savings effortlessly. Build your ABLE balance automatically from your Purple Checking account.
Seamless integration
Manage your Purple ABLE alongside your Purple Checking account — track balances, set spending limits, and automate deposits all in one app.
Built-in spending controls
Keep your savings on track with category-based controls and real-time transaction alerts. Stay compliant without the stress.
Track expenses with ease
Organize receipts and stay compliant with ABLE spending rules. Purple helps you categorize purchases as Qualified Disability Expenses.
Checking
$2,519.85ABLE Savings
$10,345.67Save without stress
Keep your benefits, grow your savings, and spend on what matters
Stay eligible for benefits
Keep up to $100,000 in your ABLE account without impacting SSI. Your savings won't count against the resource limits that affect your benefits.
Tax-free growth
Earnings are 100% tax-free when used for qualified disability expenses. Watch your savings grow faster without the tax burden.
Flexible spending
Use your Purple card to spend directly on approved expenses like housing, transportation, and assistive technology.
Save more with family & friends
Anyone — parents, friends, or employers — can contribute to your ABLE Savings with easy transfers. Build your savings together.
Smart QDE Routing
We help you classify purchases as Qualified Disability Expenses (QDEs) so you're always on track and compliant.
No hidden fees, no worries
No monthly fees, no minimum balance, and no surprises. Keep more of what you save.
Frequently asked questions
ABLE (Achieving a Better Life Experience) accounts are tax-advantaged savings accounts for people with disabilities. They let you save money without losing eligibility for SSI, Medicaid, and other benefits.
Built by people who manage disability benefits for their families
Join thousands of families who trust Purple to protect their benefits
Purple is a financial technology company, not a bank. Banking services are provided by OMB Bank, Member FDIC.