my529 Access Discover® Prepaid Card

my529 Access Discover® Prepaid Card

The smart way to manage your qualified education expenses

Whether your student is about to start college or is already attending, the my529 Access Discover® Prepaid Card can help make it easy to manage their education spending. This card works seamlessly with your existing my529 account to streamline the payment process for tuition, housing, books, and other qualified education expenses. It also offers you peace of mind by allowing you to oversee and document their spending. Sign up1 for the card that delivers a simple, secure way to manage your student’s qualified educational expenses — whether they’re new to college or well into their academic journey.

Request Your Card

1 Subject to successful ID verification.

Modernize withdrawals and payments with a range of benefits that allow you to:

  • Distribute my529 account funds through a single online portal.
  • Control the card balance and support responsible use by your student with merchant and product restrictions — helping ensure funds are used for qualifying education expenses.
  • Streamline account management with centralized monitoring and reporting.
  • Fund and manage cards for multiple beneficiaries within minutes and easily track expenses.
  • Monitor funds usage and maintain a clear record that greatly simplifies tax preparation.
  • Access transferred funds within 2-3 days — much faster than waiting for a check to be received and processed by the school.
Request Your card
Transfer funds to the card
from your my529 account

It’s as simple as logging in to your my529
account, clicking “Withdrawals” and following the prompts to load funds directly to the my529 Access Card. Funds are typically available in 2-3 business days.

Use the prepaid card to
pay for qualified education expenses

Pay for tuition, room and board, books and
other qualified education expenses — both in-store and
online — at select merchants where Discover is accepted. Usage is restricted at businesses that offer alcohol, gambling or adult entertainment.

Easily track card use with an
online dashboard

Maintain a detailed and accurate record
of expenses with a comprehensive digital
dashboard that centralizes management
processes, streamlines receipt gathering
and simplifies reporting.

My529 Access Card Faqs

The my529 Access Discover® Prepaid Card is issued by Central Bank of Kansas City, Member FDIC. Discover and the Discover acceptance mark are service marks used by Central Bank of Kansas City under license from Discover Financial Services. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and Fee Schedule at my529accesscard.com. If you have any questions regarding the Card or such fees, terms, and conditions, you can contact us 24/7/365 toll-free at 1.844.545.0805.

Related Topics

who can participate

Who Can Participate?

my529 low fees

my529’s Low Fees

tax advantages

Tax Advantages

qualified expenses

Qualified Expenses

college planning center

College Planning Center

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Important Legal Notice

Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Account Value. Investments in my529 are not insured or guaranteed by my529, the Utah Board of Higher Education, the Utah Education Savings Board of Trustees, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that that includes FDIC-insured accounts as an underlying investments. Units in my529 have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

FDIC insurance is subject to limits set by federal law. Click here for more information about FDIC Insurance.

Non-Utah Taxpayers and Residents. The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

Consult an advisor. my529 does not provide legal, financial, investment, or tax advice, and the information provided on this website does not contain advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

Morningstar rating. A Morningstar Analyst Rating for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.

my529 does not pay commissions, loads or sales charges to financial advisors nor does it endorse financial advisors.

Information on this website is believed to be accurate when posted and is qualified in its entirety by the Program Description.