Purple is a financial technology platform providing specialized banking and ABLE savings accounts for individuals with disabilities. The service allows users to manage funds, receive direct deposits, and save money without jeopardizing means-tested benefits like Supplemental Security Income (SSI) or Medicaid.

Key features include real-time asset monitoring to avoid exceeding resource limits, customizable spending controls, and integrated receipt tracking for Social Security Administration reviews. Purple's ABLE accounts provide tax-advantaged savings for qualified disability-related expenses. 

The service operates fully online and via mobile app.

Individuals with a qualifying physical or mental disability that began before age 46, and is expected to last at least 12 months. Applicants must be eligible for SSI/SSDI or have a physician's diagnosis.

No monthly maintenance fees or minimum balance requirements.