Upromise question

[tripletots]

I thought I read on Disboards about Upromise paying out twice a year. I can't seem to locate that info on their website. Does anyone know when they pay out?
Thanks.

 

[robinb]

I found it in the FAQ:

https://upinvestments.s.upromise.com/upinv/member/help/howToInvest.do#219

It appears that money is moved out quarterly as long as there is a minimum transfer amount accrued depending on the 529. My Upromise money is still just sitting there with Upromise ... it's taken me 6 years to make it to $100!

 

[OceanAnnie]

I didn't sign up for the 529 plan with Upromise. I write to Upromise and get the money sent to me. If it is over $300 I think it is, you have to get your request notarized. It takes 6 weeks to receive the money. I invest the money when I receive it.

 

[rflorek]

I found it in the FAQ:

https://upinvestments.s.upromise.com/upinv/member/help/howToInvest.do#219

It appears that money is moved out quarterly as long as there is a minimum transfer amount accrued depending on the 529. My Upromise money is still just sitting there with Upromise ... it's taken me 6 years to make it to $100!

Wow, you did great! I was a member for 5 years and accrued all of $25. I cashed out earlier this year.

 

[tripletots]

Thanks for the information. I see it pays out quarterly. I just faxed my request, but I may have missed the Dec. deadline. Says it pays out around the 15th. I guess it can wait until March.

I have been a member since 9/2005 and have accured $244.00. My DS is a senior this year and thought it could be used!