Glossary

Signature guarantee

Some withdrawal requests require a signature guarantee. A signature guarantee is a stamped or typed assurance by a financial institution that indicates a signature is valid. A signature guarantee can be obtained at a bank, credit union or brokerage firm.

You are required to provide an original signature guarantee when:

  • A withdrawal request is for $75,000 or more.
  • Multiple withdrawal requests totaling $75,000 or more have been made for a beneficiary within the last 30 days.
  • A withdrawal request is within 10 days of an address change for the payee (account owner or beneficiary).
  • A withdrawal request is within 10 days of an account owner/agent change on the affected account(s).

Withdrawal requests with a signature guarantee must be mailed to my529 with the original signatures and stamp. Faxed withdrawal requests or signature guarantees will not be accepted.