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Can I transfer assets in a Coverdell Education Savings Account to an Embark account?

Yes. You can transfer Coverdell Education Savings Account (ESA) funds into your Embark account by using our Rollover Form (PDF). The transfer of funds can be made tax-free so long as the contributions to your account are being made for the same beneficiary within the same taxable year. Consult your tax advisor for more info.

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Related FAQs
How do I adjust my investment portfolio?

There are two ways to change your account's investment choices: selling your portfolio and reinvesting in a new one, or redirecting contributions into a new portfolio type.

How often can I make changes to my investment allocations?

You can only sell off a portfolio to buy a new option twice per calendar year. However, you can start contributing to a new, additional portfolio, as many times as you'd like.

Can I re-balance the asset allocation in my Embark account?

No, you cannot rebalance the asset allocation in your individual portfolio(s), but you can tweak your overall investment options up to twice a year.

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