Is the customers Upromise account their 529 plan?
No, they are two different things. The Upromise account is a non-interest bearing escrow account that collects and holds contributions from the various participating companies. Customers must establish a 529 plan and elect to link it to their Upromise account so funds can automatically flow over to their 529 account.
Related Questions
- Can I participate in the Upromise Rewards Service if I already have an account in a 529 college savings plan managed by Upromise Investments?
- If an HCTC participant overpays, why can it not be applied to the customer’s health plan account to avoid extra paperwork on both ends?
- Is the customers Upromise account their 529 plan?
