Every 529 Withdrawal Reaches the Family Who Saved it

529 savings plans and prepaid tuition programs need to protect college savings from fraud and unauthorized withdrawals. Plaid helps these programs verify account owners’ identities and bank details before withdrawals occur, supporting more secure transactions and helping safeguard education funds.

With connections to more than 12,000 financial institutions and 500 million accounts, Plaid offers a broad financial network to streamline account verification and help education savings programs validate banking information.

Key Takeaways

• Help protect 529 savings plans and prepaid tuition programs from fraud

• Verify account owner identities before withdrawals

• Validate bank account details to support secure transactions

• Help prevent unauthorized withdrawals from education savings accounts

• Connect to more than 12,000 financial institutions

• Access a network spanning 500 million accounts

• Streamline verification processes while helping safeguard college savings