In this short video tutorial, you’ll be walked through the steps of setting up automatic deposits for the MEFA U.Fund 529 College Investing Plan. If you’re already saving in the MEFA U.Fund, setting up automatic deposits means you don’t have to worry about remembering to make a contribution. Setting up automatic deposits is easy and only takes a few minutes. With automatic deposits, you can automatically contribute a set amount of money from your bank account at whichever frequency you select, save with less effort, and have greater control over your deposits. Get started today and learn more about the U.Fund.
Please note that this transcript was auto-generated. We apologize for any minor errors in spelling or grammar.
So you can log into your account and you can set up an automatic payment to go into your account. It can be a recurring payment. So here’s how you do that. You log into your account, you visit the summary page. Under the money movement heading, click on add money or withdraw money from my account. And this will take you to the screen to supply the bank account that you’ll be taking money from, and then the UFund account that you’d like to add the money to. And you can set that up once in a while here or there. You can go in and make a one-time payment, or you can set it up as a recurring payment. If you’re setting up a recurring payment, supply the frequency of the payment, the date or the day, the day of the first payment, and then if you’d like an end date payment, you can do that as well. And then of course, the payment amount. Review the information to make sure it’s correct, and if so, hit submit. Saving is the best thing you can do to prepare yourself and your student for whatever the future holds. And if you have any further questions, please feel free to reach out to us on the phone at 1-800-449-MEFA or at [email protected].
