What are the fees?
There are minimal costs associated with maintaining a STABLE account through the Palmetto ABLE Savings Program. Under the Palmetto ABLE Savings Program, South Carolina residents pay $3.25 per month to maintain a STABLE account. There is a small asset-based fee of between 0.19% and 0.33%, depending on their chosen investment options. There could also be other administrative fees (e.g., a return check fee) depending upon account activity.
Additional fees are added based on how you use the account:
$10 per year for paper statements when you choose to opt out of electronic statements
$25 if a transfer fails or check bounces
Any additional services may have extra fees.