The College Advantage Ohio 529 plan really wants to give away Free Money!
In addition to the Ohio 529 College Advantage $25 sign up bonus, they’re giving $25 more to sign up for electronic funds transfer.
How to Get Your $25
- Start a new recurring monthly electronic funds transfer (EFT) by January 31, 2010.
- Contribute $25 per month via the EFT for three consecutive months.
- Keep the EFT active for longer than 90 days.
- Get a $25 bonus applied after 90 days.
$25 Bonus Offer Extras
For new and existing accounts. The bonus is available to new and existing accounts. If you don’t have an account yet, get your $25 sign up bonus first, then enroll in EFT to get this bonus.
Payroll deduction option. Payroll deduction also qualifies for the bonus; you qualify once your employer has sent at least one check or bank transfer for a minimum of $25 and it has been applied to the account.
Stacking bonuses. You can get an additional $25 for another EFT funded from another contributor. For example, Scott and I could each start a separate EFT for one account; the account will get $50. (Multiply that by the 13 accounts we have, and you can see where this will add up!)
For more information on the bonus offer, see College Advantage Account Services.
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Regarding stacking bonuses, it appears that grandma & grandpa could become contributors as well. So with me and my wife, and grandma & grandpa contributing that would net $100 in bonuses for each of our eight accounts. Sweet!
@ Rakso: Brilliant! I love the way you think. That makes this deal even more fantastic when you think of all the possible combinations!