NJBEST

529 Withdrawal Options

529 Withdrawal Options

Below you will find the various ways you can withdraw money from your 529 College Savings Plan.

Online Request:

To make an online withdrawal:

Phone Request:

To make a withdrawal by phone where the proceeds are sent to the account owner or to the school directly (if the name of the school is on file), please call NJBEST at 877-465-2378

Requesting a check made payable to:

Requesting an Automated Clearing House (ACH) transaction made payable to:

Written Request:

To make a withdrawal by mail for proceeds to be sent directly to the school (if on file), a third party, or a new checking/savings account:

Please note: The withdrawal form cannot be faxed if a signature guarantee is required.

A signature guarantee may be required if the distribution request indicates the following:

All requests must be made by the account owner. Franklin Templeton Investments does not take distribution instructions from a beneficiary.

Investors should carefully consider plan investment goals, risks, charges and expenses before investing. To obtain the Investor Handbook, which contains this and other information, call Franklin Templeton Distributors, Inc., the manager and underwriter for the plan, at (877) 4NJ-BEST. You should read the Investor Handbook carefully before investing and consider whether your or the beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in its qualified tuition program.