Purple - Banking & Benefits

Start saving for a better life with Purple. Purple is a financial technology company, not a bank. Banking services provided by OMB Bank, Member FDIC. The Purple Mastercard Debit Card is issued by OMB Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated. Spend anywhere Mastercard is accepted. CHECKING ACCOUNT View your balance, transactions and how much money you've spent in the past month at a glance. EARLY DIRECT DEPOSIT Get Social Security benefits early. Set up any direct deposit to go to your Purple Checking account and get access to funds up to 2 days early¹. SPENDING CONTROLS Take control of your spending. Spending controls let you set daily, monthly, and category-specific limits. They put you in charge of how much you spend, when you spend it, and where. INCOME MONITORING Working and receiving benefits? Purple will monitor your bank account to help you stay under the SSA’s Substantial Gainful Activity (SGA) income limit. EBT ACCOUNT Link your SNAP EBT (food stamps) account so that you can view your SNAP and EBT Cash balances in one spot. Gone are the days of dialing the number on the back of your EBT card. COMPANION: YOUR FINANCIAL GUIDE Navigating finances doesn’t have to be complicated. Your Purple Companion is here to simplify it. Whether you have questions about disability benefits, ABLE accounts, EBT SNAP eligibility, or anything else, get the answers you need—when you need them. ABLE SAVINGS (Coming Soon) The Purple ABLE Savings account is a way to save for eligible expenses and keep the benefits you rely on every day. SMART QDE ROUTING (Coming Soon) No need to worry if your purchase is a Qualified Disability Expense (QDE). Turn on Smart QDE Routing and Purple will automatically fund a purchase from the most tax-advantaged account. AUTO SAVE (Coming Soon) Enable Auto Save to move money from your Checking account to your ABLE Savings account at the end of the month to stay under the $2,000 asset limit. --- Consult your tax professional for any tax-related questions. ¹Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.