Babies born on May 3 can get $1,053 toward their college fund from Fifth Third Bank

Fifth Third Bank has announced that babies born in participating hospitals in the Charlotte area on May 3, 2023, can receive $1,053 toward their college fund. The bank has been running this promotion since 2017 in various cities, but this is the first time that Charlotte has been chosen. (Louisville, Kentucky, is also included in this promotion.)

In order to receive the $1,053, you must complete the Gift Acceptance & Publicity Release Form and W-9. There is a deadline, but it’s not specified on the Fifth Third website.

Also, it stands to reason that there’s a limit to how many $1,503 gifts the bank will distribute, but we don’t have that information either. So your best is to not delay! And if you know someone in the Charlotte area who had a baby on May 3, 2023, make sure to share this information with them.

How to Redeem Your Gift

1. Visit go.53.com/babies and fill out a W-9 and Gift Aceptance Form
2. Once processed, you’ll receive an email within one business day from Fifth Third Bank’s partner, “Gift of College,” informing you that your gift card is activated and ready to be redeemed.
3. Follow the instructions in the email to redeem into a newly-established or existing 529 plan account.

 

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