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College Access 529

Updated over a week ago

Why:

  • To withdraw your 529 funds directly into your Backpack account, you need to add Backpack as a bank / financial institution on your College Access 529.

Benefits :

  • This easy setup will enable seamless future tuition payments and allow you to spend your 529 on textbooks, laptops, groceries, and more with just one click.

Do you use a Financial Advisor?

Financial Advisors are familiar with how to add a new bank account (like Backpack's) to investment accounts and will be able to assist with linking your 529 Plan to Backpack.

To help answer any questions your Financial Advisor might have, you can share this guide with them - What Financial Advisors need to know.


Adding Banking Information

  1. Log into your College Access 529

  2. Select Banking Information & Options

  3. Choose Add bank account information to my account

  4. Complete the Change Form to add a bank account.

    1. The CollegeAccess 529 Change Form is used to link a CollegeAccess 529 account to a bank account.

  5. Log into your Backpack account

  6. Enter your Backpack account details into the "Add New Bank" section. Backpack Account & Routing numbers can be found on the Backpack Dashboard or under Settings.

    1. Bank Name: [Backpack]

    2. Bank Routing Number: [Your Backpack Routing Number]

    3. Bank Account Number: [Your Backpack Account Number]

    4. Bank Account Registration: [Your Name]

    5. Bank Account Type: Select Checking

Congrats you have successfully linked your account!


Withdrawing to your Backpack Account

It’s tuition time! Let’s withdrawal funds from your 529 into your Backpack account so you can make your tuition payment

  1. Log into your College Access 529.

  2. Choose which account and fund you wish to withdraw from and select “Trade.”

  3. Select your Backpack bank account to your bank

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