Thomas P. DiNapoli,
State Comptroller

Two young black boys interacting with a tablet indoors held by the older of the two boys, who is sitting in a wheelchair.


Asset-Based Fees

Each Investment Option in NY ABLE (other than the Checking Option) is assessed a .40% asset-based fee over the course of the year.

Maintenance Fee

Each NY ABLE Account is charged a quarterly fee for maintenance and administration. If an Account Owner elects electronic delivery notification for statements and confirmations, the quarterly fee is $11.25. If the Account Owner elects paper delivery for statements and confirmations, the quarterly fee is $13.75. Signing up for electronic delivery is easy – either sign up during the enrollment process or log in to your Account.

Checking Option Fees

Accounts invested in the Checking Option will be charged a $2 monthly service charge. The fee is waived for average daily balances over $250 or Accounts enrolled in electronic statement delivery directly with Fifth Third Bank. To update the statement delivery preference for the Checking Option, please log into once you obtain your free debit card.

Other Fees

There are no enrollment or withdrawal fees in NY ABLE. However, there are fees charged for returned or rejected transactions, priority delivery and wire transactions. Fifth Third Bank charges additional fees for certain services for the Checking Option. Additional information about fees is available in the New York ABLE Savings Plan Disclosure Booklet and Participation Agreement.