Payments from a 529 Account can either be sent directly from the Financial Institution or paid by you, to later be reimbursed by the Financial Institution.
Before You Begin
Confirm with the Financial Institution which expenses the 529 Plan will cover and the preferred payment method.
Submitting the Payment
If you choose to pay now and be reimbursed, a payment can be submitted via credit/debit card, e-check, or paper check. See this article for instructions on submitting a payment to your MyOmegaFi account.
Please note paper check payments are subject to a $5.00 processing fee. Please add this to your payment amount. If you are sending in a paper check, please make it payable to OmegaFi with the Member Account Number in the memo.
Your Member Account Number can be found in the following places:
- Log into your MyOmegaFi account > Dashboard > Account Summary > 7 digit number in parentheses next to the member's name
-
On a physical or electronic statement
The check should be mailed to the address below.
OmegaFi
P.O. Box 96532
Charlotte, NC 28296-0532
You may request a PDF of your statement from OmegaFi to send to the 529 Financial Institution. A full statement can also be downloaded directly from your MyOmegaFi account by going to the Dashboard > Account Menu > History. Here, you can adjust the date range as needed and download the statement as an Excel File, PDF, or Word Document.
Some Financial Institutions may require a statement with the full breakdown of charges before a payment or reimbursement can be issued.