Withdrawals in your wallet

Sign up for the my529 Access Discover® Prepaid Card in your online account.

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Pay for qualified expenses with our new prepaid card

Credit and debit card technology has made paying for everyday purchases nearly effortless. Payment cards now require only a click, a swipe or a tap. What if accessing your college savings investment could be just as simple?

Introducing the my529 Access Discover® Prepaid Card.

The my529 Access Card can be used at select merchants for in-store or online purchases where Discover is accepted. Beginning in fall 2023, you will have a simple way to access your investment.

Funds can be withdrawn online from your my529 account and transferred to your my529 Access Card. After that, click, swipe or tap the card to use the money when paying for qualified education expenses, including fees, books and supplies.

Setting up a my529 Access Card for your beneficiary gives you peace of mind when you need to send money to your student for a trip to the campus bookstore or a few more meals in the cafeteria.

The account owner continues to maintain control of the account when transferring savings from the my529 account to the card. As an added benefit, tracking those qualified education expenses with the Access Card is simple and convenient through Card Services online.

Once funds are transferred to the my529 Access Card, they are considered withdrawn from my529 and are no longer invested in the account owners’ my529 accounts.

Can the my529 Access Card be used to pay tuition?

Yes. However, please be aware that your college will likely charge a percentage fee for using the card to pay tuition. Contact Card Services to explore other options to pay your tuition using your my529 Access Card. You can reach Card Services at 1.844.545.0805.

Use the card for qualified education expenses.

The my529 Access Card should be used when paying for your qualified education expenses. To that end, the card will not work with certain vendors, such as those who sell alcohol or tobacco products or those who provide services like gambling or adult entertainment. You can read more about qualified education expenses in the Program Description.

Make paying for qualified education expenses at college easy by signing up for our new my529 Access Card. Learn more by logging into your my529 account online.

my529 Access card FAQ

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 Card Services 24/7/365 toll-free at 1-844-545-0805.

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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.