setting up accounts across country

topcat0214
Mon, 27 Dec 2004 23:28:18 +0000

I’d opt for a bank with an on-campus branch or ATM. Apart from that, I’d also be nervous about depositing tuition, room & board money in the same account for books and mad money. If the UGMA CD is more than a few thousand, I’d probably put it in a 529 account - so you know it’s going to be there for tuition. Plus, your relatives may be able to get a tax credit. The school can automatically take money out of the 529 and apply it to your student’s account.