New withdrawal option a game-changer for expenses

Our new withdrawal option transforms how you manage education costs.

Meet the my529 Access Discover® Prepaid Card — the modern way to access funds for tuition, housing, books and other qualified education expenses. This prepaid card seamlessly integrates with your existing my529 account, making it easy to track and manage your student’s school-related spending. Here are three reasons why the my529 Access Card is a smart solution.

Graphic that lists traditional educational expense management and my five-two-nine access card education expense management. The two options are compared in later graphics on this page.
A graphic with text explaining the differences between Traditional Education Expense Management and Education Expense Management with a my five-two-nine Access Card when it comes to how funds are distributed. With traditional management, each check sent may take a few weeks to arrive and be processed. You can deposit money in your beneficiary's bank account, but you can't be sure the money is used for school. With the Access Card, a single online portal enables funds to be securely transferred directly to your my five-two-nine Access Card.
A graphic with text explaining the differences between Traditional Education Expense Management and Education Expense Management with a my five-two-nine Access Card when if comes to how purchases are controlled. Under traditional management, nonqualified expenses, such as spring break travel or a gaming system, are subject to federal income taxes and penalties. In contrast, the Access Card is meant for qualified education expenses only. Usage is restricted at businesses that offer alcohol, gambling or adult entertainment.
A graphic with text explaining the differences between Traditional Education Expense Management and Education Expense Management with a my five-two-nine Access Card when it comes to how spending is tracked. With traditional management, paying for qualified expenses from different sources, like your my five-two-nine account, bank account, or your kid's bank account, can make year-end tax organization stressful and challenging. With the my five-two-nine Access Card, monthly statements and centralized management allow you to monitor purchases, simplify reporting and streamline tax preparation.
An image of the my529 Access Card.

Take advantage of the secure and convenient way to
manage your student’s college spending — apply1 today.

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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 and related terms, fees and conditions, you can contact us 24/7/365 toll-free at 1.844.545.0805.

my529 Standard – Fall 2024

my529 executive director talks 529s on national TV
New withdrawal option a game-changer for expenses
Fast-track your tuition payments
Give the gift of education
Utah state tax benefits information for 2024
2024 year-end deadlines

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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.

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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.

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