Why:
Use this article to learn how to withdraw your 529 funds directly into your Backpack account. Hint: you need to add Backpack as a bank / financial institution on your Future Scholar
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.
Linking Backpack Account to your Future Scholar
Adding Banking Information
Log into your Future Scholar account
Add a bank account to your profile
Complete the Bank Verification Terms & Conditions of Use
Log into your Backpack account
Enter your Backpack account details into the Alaska 529 Add Bank Information section. Backpack Account & Routing numbers can be found on the Backpack Dashboard or under Settings.
Bank Name: [Backpack]
Bank Routing Number: [Your Backpack Routing Number]
Bank Account Number: [Your Backpack Account Number]
Bank Account Registration: [Your Name]
Bank Account Type: Select Checking
7. Submit to complete account linking.
Please note, a bank account must be on file for at least 30 days before funds can be withdrawn to it, so it’s important to do this early.
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.
Log into your Future Scholar account and request a withdrawal.