To withdraw your 529 funds directly into your Backpack account, you need to add Backpack as a bank / financial institution on your DreamAhead 529 College Investment Plan
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.
Linking Backpack Account to your Start Saving Program:
Log into your ScholarShare College Savings Plan
Under Settings click “Bank Accounts”
Click “Connect Bank Account”
Your 529 uses Plaid to connect the account. Click "Continue"
Search for and select “Backpack” in "Select your institution"
6. Enter your email address associated with your Backpack account.
7. "Verify your identify" by inputting the verification code sent to the email on file
8. Confirm your Backpack 529 account and click "Continue" to finish linking your Backpack account to College Counts
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 DreamAhead 529 College Investment Plan
Under Transfers Select Withdrawals
Follow the steps to select your Backpack account as the withdrawal destination and enter the amount to withdraw