529 account Withdrawing and transferring money Fidelity

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Mutual Funds and Mutual Fund Investing - Fidelity Investments

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Take money from my 529 account

Find out how to transfer money online from a 529 account. . Learn more about withdrawals and paying for qualified expenses in our .

How to transfer money online from a 529 account

To transfer money to a bank account, add electronic funds transfer (EFT) to your 529 account. In most cases, you can and start using it on the same day. You can start your transfer by clicking the button at the top of this page or here: . If you own multiple investment portfolios in your account, the amount of your withdrawal will be taken proportionally from each. To take a withdrawal from one portfolio when there are multiple, please use this form, .

What to expect

Your withdrawal will take 1–2 business days from the time of your withdrawal request because the investments must be sold and the trade must settle. Then the funds are transferred. It can take 2–4 business days for the money to be available in the account you're transferring to.

Other options Send money directly to a school or to someone else from your 529

Complete the online form to set up payments to a third party via check or Electronic Funds Transfer (EFT). Once your instructions are set up, you can send payments electronically on and in the Fidelity Mobile App. You'll find your 529 recipients in the Other recipients section when making a transfer. You can also call a College Planning Specialist to make a payment at 800-544-1914. You can also use Fidelity BillPay. Read . It can take 7–10 business days for the check to be received using either of these payment methods.

Questions

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