Man in wheelchair at a sports court

About CalABLE

Opening an account

Getting started with CalABLE is fast and easy. We’ll ask for some information about the beneficiary, the qualifying disability, and how the account will be funded. To complete the setup, you’ll customize your account and make decisions about the money you deposit.

You’ll need to make an initial deposit of at least $25 to get started and a $1 minimum for any contribution after that. You can save money in a cash option and/or invest it in any of the program’s investment options. The choice is up to you.

Picking an investment option

There are eight types of financial portfolios to pick from:

  • Income Portfolio

  • Conservative Portfolio

  • Income and Growth Portfolio

  • Balanced Portfolio

  • Conservative Growth Portfolio

  • Moderate Growth Portfolio

  • Growth Portfolio

  • FDIC Insured Portfolio

Each investment option has its own benefits and limitations. CalABLE provides a mix of options so you can find the one that is the right fit for you.

Learn more about your investment options

Adding money

With the online platform powered by Vestwell, adding money to your account is simple and intuitive. Your bank account is securely connected to the CalABLE account to protect your information. You can add money whenever you want, even as little as $1 at a time, or every month with automatic transfers and direct deposits from your SSA benefits or paycheck, to help you reach the $18,000 yearly maximum. Friends and family can also add to your account by making gift contributions.

Direct Deposits

Users can contribute to their accounts using fast, secure direct deposits from either the Social Security Administration or their paycheck.

Complete the setup process in three simple steps:

  1. Log in to your ABLE account and click on “Direct Deposit” on the Total Balance tile. Or, once logged in, go to “Transfers > Direct Deposit.”

  2. Enter your information and retrieve your unique direct deposit details, including your routing and account number.

  3. Complete the process by:

a) Federal Benefit Direct Deposit: Updating your direct deposit details with the SSA. If you are receiving SSI benefits, you will need to update your direct deposit details by phone at +1 800-772-1213 (for TTY call +1 800-325-0778) or by visiting your local Social Security Administration office.


b) Payroll Direct Deposit: Providing your employer with the direct deposit details, the same as you would with your own checking or savings account

Using your account

Just log into your account and request a withdrawal amount. The withdrawal can be sent to your bank account, electronically loaded on to your ABLE Visa® Prepaid Card, or you can request a paper check made out to the ALR or beneficiary for a small fee. You can transfer a minimum of $5 online from your CalABLE account to your bank account. 


There are minimal costs associated with maintaining your account. An annual fee of $30 per year is deducted in quarterly installments from each CalABLE account. There are also low fees on the underlying investment options plus a state administrative fee. Additional fees are applied to your account if you opt out of electronic statements or request a withdrawal check, instead of doing everything online.