Guide to opening your NY 529 account

When you’re ready to open an account, here’s what you can expect.

First, we'll need some basic information:

  • Your Social Security Number or Individual Taxpayer Identification Number.
  • Your birth date.
  • Your beneficiary's Social Security Number or Individual Taxpayer Identification Number.
  • Your beneficiary's birth date.

Then we'll set up your account, where you'll ...

  1. Choose your investment option(s).
  2. Set up your contribution method. If you're going to make contributions electronically, you'll need your checkbook handy for bank routing and account numbers.
  3. Decide how you want to receive confirmations and updates from us.

Finally, you'll confirm your information

Once you review and submit your information, you'll be on your way to saving for higher education!

What happens next?

Continue to make contributions

Contribute to your plan account whenever it's convenient—by check or electronic bank transfer. Or, you can set up recurring contributions (also known as an automatic investment plan, or AIP) when you open your account or at any time later on.

Monitor your investments

No matter which investments you choose, it's a good idea to review them periodically. You can view statements and performance information online.

Pay higher education bills

When you request a withdrawal to pay for qualified higher education expenses, you can have the money sent to yourself, the beneficiary, or an eligible school. Please note, however that withdrawals for K-12 tuition cannot be sent directly to the beneficiary or the educational institution . We will only send withdrawals for K-12 tuition to the account owner.*