To send funds from your Navy Federal Credit Union account directly into your Backpack account, you'll need to add Backpack as a new bank account to yourNavy Federal Credit Union account. This is a one-time setup that will make future transfers quick and easy.
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 Backpack as a Bank Account
Overview of steps:
Go to your Navy Federal Credit Union account and log in with your credentials.
When prompted to Add Banking Details, Enter Your Backpack Account Details (found on your Backpack Dashboard):
Bank Account Owner: [Your Name]
Bank Account Type: Checking
Routing Number: [Your Backpack Routing Number]
Note: The bank may show as “Old Missouri Bank” — Backpack’s banking services are provided through Old Missouri Bank (OMB), a chartered bank who hold Backpack's accounts.Account Number: [Your Backpack Account Number]
Please note, if your Navy Federal Credit Union account is prompting you to provide additional information, you may need to complete and submit a Change of Details form. You'll also likely need to attach a bank letter. To request a bank letter, please click below.