Why Purple is the Best Banking Solution for People with Disabilities
- Purple
- 5 days ago
- 3 min read
Finding the right bank account is more than just convenience when you receive disability benefits—it’s about protecting eligibility while making everyday finances easier. Traditional banks weren’t built for rules like SSI’s $2,000 resource limit, but Purple is purpose-built to safeguard benefits and give you the tools to thrive.
What Makes Purple Different
Early SSI/SSDI direct deposits with instant alerts – get notified the moment benefits land.¹
Built-in spending controls and Smart QDE routing – automatically move eligible expenses into your ABLE account.
EBT pairing, receipt storage, and audit-ready records – make SSA reviews simple.
Safeguards to protect SSI’s $2,000 resource limit – automatic transfers keep you compliant.
Accessible design and 24/7 AI guidance – plain-language answers, anytime you need help.
👉 Ready to start banking with Purple? Get started today at withpurple.com
Who Disability Banking Is For—and Why It Matters
Purple is designed for:
Individuals on Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI)
People who work while receiving benefits
Caregivers and representative payees
Facility administrators managing benefits for multiple clients
Standard accounts can put benefits at risk because of the $2,000 SSI resource limit. Exceeding it—even briefly—can mean suspension of benefits. Purple helps track balances, organize records, and move funds safely into ABLE accounts so you can save without fear.
How Purple Safeguards SSI and SSDI
Balance tracking shows how close you are to the SSI limit.
Threshold alerts notify you when you’re nearing risk.
Auto Save to ABLE moves extra funds to protected savings.
Audit-ready documentation makes SSA redeterminations stress-free.
It’s peace of mind in your pocket—always know what’s safe to spend today.
Save Above the $2,000 Limit with ABLE
An Achieving a Better Life Experience (ABLE) account lets you save for Qualified Disability Expenses (QDEs)without risking SSI. QDEs cover costs like housing, transportation, and assistive technology.
Purple makes it seamless to:
Transfer extra funds into your ABLE account automatically
Tag transactions as QDEs at checkout
Store receipts for SSA or housing reviews
Built for Caregivers and Payees
If you’re a representative payee or caregiver, Purple provides:
Role-based access (view-only, approval, or spending authority)
Preset budgets for essentials and QDE categories
Monthly statements organized for SSA reporting
This makes oversight simple while protecting the beneficiary.
What to Look for in a Disability-Friendly Bank
When comparing options, ask whether they offer:
Early SSI/SSDI direct deposit with alerts
ABLE integration and QDE tracking
EBT pairing and receipt storage
Spending controls and caregiver access
SSA-ready audit documentation
Accessible design with transparent fees
Purple checks all the boxes.
How to Get Started
Open your Purple account and receive account details.
Update direct deposit with SSA or your employer.¹
Connect your ABLE plan and set an autosave threshold.
Add caregivers or payees with view-only or spending controls.
Turn on alerts for compliance and deposits.
Frequently Asked Questions
Can I get SSI/SSDI up to 4 days early with Purple?
Yes—when the SSA sends funds, we release them immediately, often up to 4 days early.¹
Can representative payees manage multiple accounts?
Yes. Purple makes it easy for representative payees to open and manage multiple accounts—for example, keeping SSI benefits, back pay, and other funds organized in one place.
Purple is a financial technology company, not a bank. Banking services are provided by OMB Bank, Member FDIC. The Purple Mastercard® Debit Card is issued by OMB Bank, Member FDIC, pursuant to license from Mastercard.
¹ Early access is not guaranteed and depends on payer timing. We generally make funds available on the day we receive the payment file, which may be up to 4 days early for government benefits like SSI or SSDI, and up to 2 days early for other deposits. Early access is available at no additional cost.