To receive your $50 seed deposit, simply open a U.Fund 529 College Investing Plan account after your baby has been born or your child has been adopted. You will need the Social Security number or Tax Identification Number of both the account owner and the Beneficiary in order to open your U.Fund account.
After you enroll, you have 30 days from the account opening to opt out of the program if you do not want to receive the $50 deposit. Your $50 deposit will arrive in your U.Fund account 45-60 days after your account has been opened.
The U.Fund is brought to you by the Massachusetts Educational Financing Authority (MEFA) and professionally managed by Fidelity Investments.