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A Fidelity College Savings Plan, or 529 Plan, is a flexible account specifically designed for college savings. Qualified distributions from a 529 Plan account are federal income tax-free. The plan is named after Section 529 of the IRS code. Fidelity manages three state-sponsored 529 Plans, which are designed for college savings. Each 529 Plan is state-sponsored and managed by a financial services company. Residents of any state can invest in any plan.
If your Fidelity College Savings Plan account has already established the Fidelity Electronic Funds Transfer service, you can transfer money from a bank account to make a contribution to your Fidelity College Savings Plan account. For information on how to transfer money to a Fidelity account, see Transferring Money or Shares.
You can only transfer from your bank account to your College Savings Plan account.
You can view account allocation information as of the date and time specified, as well as the portfolio and standing allocation designation for each active position in your College Savings Plan account.
For detailed information about Fidelity College Savings Plan accounts, select Retirement & Guidance > College Planning, and click Fidelity Managed 529 Plans.