How do I change or add beneficiaries?

If you’d like to change your Embark account beneficiary, remember, the new person must qualify as a “member of the family.” When transferring to a new beneficiary, a separate account number will be assigned to the new Embark account.

To change beneficiaries using our online portal, log into your Embark account and follow these steps:

1. On your account Overview page, click the dropdown labeled "Transfers" and select “Between beneficiaries.”
2. If you're transferring the account to an alternative beneficiary, like a new baby, you’ll need to set up a new Embark account to receive the transferred funds. Click “Add account” to start opening that account.
3. You’ll be asked to provide some basic information about the new beneficiary and choose how to fund their Embark account. Linking your bank account enables you to make regular contributions to the new Embark account.
4. Once an account is established for a new beneficiary you will be returned to the main dashboard. Click on the account holder's name that holds the balance you want to transfer.
5. Return to the “Transfers” dropdown menu and select “Between beneficiaries.” Choose the new beneficiary’s account, input the amount you’d like to transfer, and click “continue.” The funds will be moved to the new beneficiary’s account within two business days.

You can also change beneficiaries using our Change Beneficiary Form (PDF), and mail a physical copy to the address listed.